Case Study Rounds
For background, I have been an analyst in a few LO equity shops (ranging from large to very small) and have been okay with getting interviews and going through the initial rounds. I can talk through my investment approach and process, and reasonably answer questions about that.
Where I am getting stuck is the case study round. It is a situation of either looking at a stock of their choosing (most common) or of my choice (much less common) and a submission deadline that is typically 1 or 2 weeks away. Models have not been required but if they are optional, I include one. Post submission is a presentation or talking through of my thesis followed by Q&A. I use the CSIMA newsletter pitch layout though opt for full paragraphs instead of dot points; I think these reports (of 5-10 pages including appendix) can be a way to assess a candidate's writing ability. A couple of analyst friends go through my drafts and provide edits and suggestions.
So my question for those on the other side of the table or anyone really: what are the key elements are you looking for in a case study to assess a candidate? What separates a good case study from an okay one?