I completely messed up a case study! I was given a take-home LBO case study for an FT position with a MM bank I am applying for. Is there a chance I can still move further or should I throw in the towel? The next step is going into the office to meet MD and VP's.
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Did they tell you that you messed up or do you just know?
Just know.
They really might not care at all. When groups are busy, they don't care too much about them.
Just keep moving through the process until you hear otherwise...why would you voluntarily throw in the towel unless someone actually tells you that you bombed the case study?
How common is this — that prospective employer gives interviewer take home assignment?
only seen it once - small PE firm
Common for PE firms, not common for IB. It's just not that realistic to expect an incoming IB analyst to perfectly execute on a take-home LBO case study, unless it's super basic.
I think it's done more at the MM level--shops where there's no formal training program and you're expected to be more entrepreneurial, hit the ground running, or operate with less direction at the junior levels. The lean team and resource size at those places do not allow for someone to come in and move slowly through the learning process.
I appreciate the encouragement everyone. I received word back that somehow I passed the case study. I'm very excited but surprised knowing I did make a few mistakes and I'm sure the competition is tough.
Congrats! What did you actually mess up?
I can DM if you want.
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