Lateral Case Studies

How important are the case studies? I keep hearing about MM banks sending these out.

Would minor details kill you if you say missed one or two cells in a model or accidentally put a semi colon instead of a period in a writeup under a time constraint?

Obviously it depends on the resume/person, but curious as to how much emphasis is placed on the case studies. Is it more of a check the box ordeal?

 

Define make or break. Does even 90% correct make the cut?

 
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I would disagree. The ones I have gotten for lateral analysts (both BB and MM) I’ve moved on past the case study with errors in it. They seemed to understand the time constraint and weren’t looking for something perfect in 2 hours or whatever the time constraint is. They seemed to be more focused on if you understood the concepts and had excel competency

I had one for a BB where they wanted to do a 10-15 minute debrief on a 5-Yr DCF and EV calyx stuff (like factoring in RSUs, converts, etc). The analyst I did it with ended up grilling me for like 50 minutes and I think a third of them I answered wrong or couldn’t even answer and I moved past the case study and got an offer in that one somehow. Anyways maybe I got lucky but I felt like when I did them they were looking for more an understanding that you know how to do this and not that the model was perfect or had perfect assumptions, etc

 
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You can find Evercore's case study online.

Search this exactly (with the quotes included) on Google: "evercore 2021 lateral case study"

 

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