Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Based on the most helpful WSO content, in-person cases for Growth Equity interviews can vary, but they often involve discussing a potential investment opportunity or analyzing a business scenario. They might not be exactly like consulting-style cases, but they do test your ability to think critically, analyze business models, and understand market dynamics.
Here are some tips to prep for them:
Understand the Industry: If you know the industry you'll be interviewing for (like HCIT and B2B SaaS as mentioned in the context), do a deep dive into it. Understand the key players, market trends, and growth drivers.
Practice Business Analysis: Be comfortable with analyzing business models, financials, and market positions. This is often a key part of the case.
Think Like an Investor: Remember, Growth Equity firms are investors. They care about things like scalability, market size, competitive advantage, and exit strategies.
Brush Up on Your Finance: While it might not be as intensive as PE, having a solid understanding of finance principles is important. Be comfortable with concepts like valuation, financial modeling, and return on investment.
Be Ready to Discuss Your Thought Process: Often, these cases are as much about how you think as they are about getting the 'right' answer. Be ready to walk the interviewers through your thought process.
Remember, every firm is different, so these cases can vary. But hopefully, these tips give you a good starting point! Good luck with your prep.
Sources: Case study interview for MBB consulting - 24 of my best tips on how to get in, How to prep for Growth Equity recruiting?, Advice Please! Growth Equity Interview Questions?
Growth equity cases are very consulting style. Def going to have a market sizing aspect, unit economics analysis, analyzing potential revenue and costs and potentially running it through a P&L on paper no guide. Best way to prepare is to do traditional MBB consulting case prep wile understanding a P&L and line items, margins, and a recommendation. Best of luck!
I understand what unit economics is, but could you give me an example so that I'm able to understand a bit better?
Having interviewed with both growth stage and early stage funds I have felt that the cases are quite similar:
1. It usually starts with a sector you like for eg consumer -I was asked whether I will invest in a company which makes new ceiling fans and the floor is yours. It turns into a consulting interview - you got to ask the right questions and drive it to a conclusion
2. I usually follow 4 T's to start with - Team, TAM, Traction and Tech and then deep dive in each one of them.
3. Growth stage funds will expect you to deep dive in terms of financials - like what is the CM1, CM2 and why is it good or bad. Mostly P&L and a bit B/S
4. Also try to see in terms if the deal makes sense - discussing on the likely valuation, the stake you can get in and possible exit scenarios
Thank you, this is super helpful. Would you have any insights in terms of full case studies? (i.e., have to look at the CIM and build a model)
Quia molestiae aliquid quas eveniet enim quia aspernatur. Fugit totam tenetur omnis adipisci molestiae sequi. Id aut animi illum ea occaecati aspernatur mollitia exercitationem. Assumenda exercitationem eaque fuga et ut. Id molestias quis consequuntur est atque occaecati culpa.
Aut quas magnam voluptas eius accusamus. Et inventore praesentium repudiandae eligendi. Facere suscipit autem dicta. Dolores fugit corrupti voluptatem quibusdam aspernatur quis non autem. Doloremque eos qui et exercitationem. Quaerat dolorum itaque voluptatum vero. Et ratione ut eveniet incidunt qui dolores aperiam eligendi.
Dolore velit ullam commodi consectetur cupiditate fugit fugit voluptas. Similique sed tenetur non blanditiis est magni. Fuga iste quaerat beatae voluptatem mollitia aut incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...