I recently took a < 8hr case study and modelling test for a top tier PE team. Made it through almost a dozen interviews which all went really well.
I didn't have enough time to check all formulas because of the time pressure (understanding case, finding right assumptions to use, building model and writing thesis).
I made a lot of mistakes in linking debt//cash balances, adding instead of subtracting etc but thewell laid out and formatted, gave sensible outputs and was flexible enough to run multiple (complicated) cases and sensitivities.
I also made a recommendation and backed up my assumptions.
What do you think will happen? What would they usually be looking for
(Ignore the profile thing, I'm a 3yr analyst)