Chances?
I had an interview this weekend where we had 4 face to face interviews then 2 case studies. I know that all my interviews went extremely well, and I made a great impression (It helped that I knew 5 out of the 8 or so people in the office that day). But one of my interviews went about 10-15 minutes too long, and cut into one of my cases. I was unable to finish the case, and now I feel as though my chances are completely out the window because everyone else did (to my knowledge). The case questions I did not get around to was actually asked in my face to face interview with the VP earlier that day, but I dont know if that will matter. For those of you in banking, or who have been through something like this, what do you think the chances are that they will look beyond the fact that I did not finish the case? Like I said, all my face to face interviews went extremely well and the other case I did a good job on. So am I out of luck or is there a glimmer of hope? Thanks
What is a case??
Almost like an exam... They give you a company's financial statements and then you have to answer about 10 questions like: What is the WACC, CAPM, FCF for year XX, what other valuing techniques could you use, what more would you want to know about the company, does depreciation seem right, are revenues reasonable, calculate APV, etc. You must show all work.
Then in my situation I was supposed to get 45 minutes, but only got about 25-30 to finish (which I didnt).
I think you will be fine. I was in a similar situation where I did not finish a case, since my interviews went over the alloted time and I was running late. However, I nailed all of my face-to-face interviews, especially all of my technical interviews. I was offered a position. If you did well on the other case and the interviewers felt comfortable with your answers to technical questions, I don't think it's going to be a problem.
Since when did they started doing case interviews for IB positions? Is this a new trend?
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