case study

FDD / TAS Interview and Case Study Mini Guide FDD / TAS (Financial Due Diligence / Transaction Advisory Service) careers are not often discussed under the accounting 'umbrella' and as such it can often be difficult from the outside looking in. The below mini-guide for FDD interviews and case studies...

05 Jul 2022

Recently I was given a acquisition case study as part of a project for an internship with the following information provided: - 100 Unit class C multifamily being converted into class B - Market rents ~1600-1800 (Columbia Heights DC) - Renovation costs: 25K per unit - 5 year hold period - 6.5% going...

22 Jun 2022

Hi all, I have a case study interview coming up! - and just wanted to pick the brains of you lovely real estate people! Strategic Advice-related. The organisation in question is John Lewis Partnership (UK) - and my task is to explore opportunities in their property portfolio. From what I can see,...

28 Oct 2021

Hi, so I've recently applied to a RE investment firm and they gave me this case study. I've been trying to read through some case studies online, but I can't find anything that is similar to the one they gave me. Basically, there is a target Office Building to be acquired with 1 year of renovations...

09 May 2021

Hi guys, I saw the following case study in one old post, appreciate if anyone is willing to take a crack at it. Particularly, I'm a bit confused on how to get ending net debt at exit. THANKS!! ++++++++++++++++++++++++++++++++++++++ Sponsor acquires a US business for $300m and puts in place the...

12 Apr 2020

Have an upcoming case study with a MM this month and was wondering if anyone has any updated views on approaching the case study. Likely will be 4 hours in length and similar to ones discussed on prior topics with ~2 years of transcripts, 10-q/k's, etc. Is fine-tuning the model essential? I can...

02 Mar 2021

Recently I was invited to an interview where I was asked on the spot to build a real estate financial model with the following assumptions: NOI of 1 million Purchase at a 7% cap rate Expense margin of 45% Revenue Growth Yr 1: 7% Yr 2: 6% Yr 3+ 3% Expense Growth: Yr 1: 5% Yr 2+ 3% Acquisition closing...

03 Aug 2018

I have an upcoming FoF case study for a mid-level role (direct PE background). Are there any resources people would recommend to prepare? I found lots of old threads but no case study examples. The case study should cover investing in a fund to get a sense of the candidates thought process and oral...

27 Jul 2022

All, I work at a middle-market fund (started about 8 months ago here) and wanted to learn from someone qualified (associate level or above) who works on the buyside what the best and most efficient way to analyze a CIM is (Confidential Information Memorandum, for those who're not aware is a 40-50+...

13 Oct 2016

So I am pretty up to speed on my modeling, technical and behavioral questions but case studies are just a blind spot for me. Does anyone have any advice how to deal with case study exercises in IB assessment centres or can you recommend any good (free) online resources to help me perform well. As...

16 Aug 2020

Hi all, i've been through some case study interviews where I was given an old IM and asked to create a presentation + an LBO and forming an investment decision in the end. When I was given the IM, I was not sure how detailed the B/S needs to be cuz IM usually doesn't provide a full-blown details of...

17 Dec 2019

I'm going to have to complete a case study/modeling exam for a small repe firm. The firm invests in hospitality, office, condos, and mixed-use assets. I was told the exam isn't very complicated, that i should build a cash flow and be familiar with return multiples, and i don't need to do a...

13 Aug 2019

I had an interview for a Treasury Operations role. After two phone interviews, they assigned a case study that I worked on for 20hrs. They never responded to my case study that I submitted. two weeks later I got a phone call saying I didn't get the job but my work was great and I should standby as...

01 Jul 2020

I've got a pair of case studies coming up in the next two weeks for private credit funds. These funds are both large ($25B+) and I'm interviewing for the direct lending groups. Anyone have any insight on what a case study would entail, how to differentiate myself, etc.? I know the format of one,...

07 Feb 2018

Hello all, been prepping with the WSO course, and am working on the PaySmart case. I have two questions, one specific to this case, and one that's more general: (1) Minor point, but in the video solution, when projecting out the market share for US and Europe, Europe increases by the given 0.5%...

27 Dec 2019

Hey All, So I got selected to go in for an in person interview with a lean and quite new High Yield Credit HF. The first round consisted of a 60 min online survey that was about 25% behavioral and 75% technical. I was the only candidate selected, based on the survey, to come in or the in person. I...

21 Dec 2018

Hey guys, In terms of background, I'm at a BB seeking to go to PE. I'm seeking resources to prepare for PE case studies. In London, do you usually get a case study to do on the spot (you're placed in a room where you have x hours to do a model / presentation and present your thesis) or do they...

02 Jul 2017

Hi all, Posting in this forum for obvious reasons and hoping this isn't too stupid a question. I'm currently working my way through a real estate case study and I have been tasked with modelling a multi-family apartment asset. Amongst the criteria for the asset is the following statements: *...

10 Aug 2017

Just a bit of background...Currently in an investment sales role at a big brokerage house (think CBRE, JLL, Cushman) primarily focused on private capital (we sell assets between $2-$25 million). Looking to make a big transition in the next few years to a team or shop with institutional deal...

24 Jan 2016

When working on a case study with very little information given, the following questions occured. 1) When calculating the interest coverage ratio, how do I treat amortising loans? If they yield 0.75% should I treat 0.75% of the notional value as interest expense although that is technically wrong?...

17 May 2020

good evening monkeys, I had an interview a few days ago for an IB internship position, and the first step was a case study. I've been on the hunt to land IB for a while now (like a lot of you guys) and worked on the modeling/valuation aspects a bunch of times over the past few months. The case study...

09 May 2017

Morning Monkeys, Many seasoned veterans of WSO will recognize a common thread posted by many prospective monkeys, "Help Me Solve This Case Study," where a prospective candidate will outline a given case study and their attempts for a solution. As many of us know, these case studies can give a...

30 Jan 2013

Hi - as most of us go through case studies (both equity and credit) I wanted to discuss how you approach estimates in in-house case studies. Usually, candidates have between 3 to 6 hours depending on the shop to set-up model / thesis / recommendation. One can develop a view on the asset and come up...

09 Apr 2015

I have been in the work force for about a year (2015 grad) and am seeking to move laterally into an analyst position within the restructuring group at a well respected boutique. I participated in a phone screen and was asked to complete a take home case study a few weeks later. A few days after...

04 Feb 2017

I have a case study/modeling exam coming up with a REPE firm. Does anyone have any that they would like to share? Is there a property type that they typically use? I was told it's a pretty simple "exam" and I should know how to build a cash flow and calculate return metrics, etc. If you are open to...

12 Aug 2019

Hello all - I have a final round coming up for an infrastructure fund focused on telecom, airports, roads. I have read a lot of posts on modeling type of case studies and am comfortable with those, but can someone provide tips or general idea of how more on-the-spot type of case questions would...

06 Apr 2020

I've been asked to develop a case study / pitch for an activist group of a hedge fund whose diligence style is more similar to that of a private equity firm. That is to say, they have longer hold periods and do deeper diligence on their investments, but their investing takes place in both private...

06 Nov 2019

I've been asked to develop a case study / pitch for an activist group of a hedge fund whose diligence style is more similar to that of an private equity firm. That is to say, they have longer hold periods and do deeper diligence on their investments, but their investing takes place in both private...

06 Nov 2019

I'm through to the final round for a trading company/liquidity provider which is going to be a case study, I was wondering if anyone had any advice or could point me to resources to help prepare. They've given me a list of things to look into, which I have been, and I've found a few posts on here...

19 Sep 2020

Hey all. I have passed interview number 1/3 for an exciting analyst role in PE. The next round is a case study with an IM of 50-70 pages and we have to build a 'very basic LBO model' as well as a 5 slide summary of important points and places of concern etc etc. As I really want the job I am...

07 Jan 2022

I've got a case study interview coming up in 1-2 wks. It's 3 hours to read the case, do financial analysis, and prepare a presentation/report. I haven't gotten much clarity from the firm on the amount of financial analysis that needs to be done (re: build a simple lbo model, or do some easier...

13 Jan 2011

Hi all, have an upcoming modelling test with IFM Investors - Infrastructure Have been told the test will be 2.5hrs in length, so am expecting a pretty standard infra modelling test fare. I have heard it may be a toll road or another core infrastructure asset Was wondering if anybody has taken it...

17 Jul 2021

For a PE case study, if you are asked to provide a memo with several points and one is the following: "financial Model with Returns and Sensitivities," could someone provide insight into what to include here? I am not submitting my actual Excel model as part of the study, so I want to ensure I am...

24 Mar 2018

Hi, I have been given a take home case study to prepare. The case study asks us to recommend different types of debt products - loans, bonds and private placement. I have been given very basic company financials (EBITDA, and peers financials. Could anyone give me some advice on how to approach this?...

02 Dec 2016

Hi, I'm currently interviewing at a venture financing firm focused on venture debt, and was wondering if you guys have some advice on loan origination & servicing. For instance, what should I look at specifically in terms of: * cash balance * financial projections * burn * break even/profitability *...

27 Mar 2019

Let me shed a bit of light on my question with two examples below: A year ago I interviewed at one of the big boutiques and was handed a BS, the IS and CFS with a basic case study. If I recall correctly, I should evaluate if the company could do an acquisition and how it should be financed - I...

10 Dec 2018

Hey guys, For those of you that have had the pleasure of working on a HF case study , is it worth building a full 3 statement model? The particular company i got is not a balance sheet driven business and I can complete a valuation with an earnings model (Revenue down to EBITDA and FCF) and a debt...

10 Jul 2015

Hi, I am about to do a case study interview for a PE FoF's for a junior analyst position. I've been told that I do not need to prepare anything and will be given an hour to read the materials and prepare before presenting my views followed by a 30 mins Q&A session. I have one year's IB experience...

13 Feb 2011

I have an interview with a REPE company that mainly develops large scale hospitality, office, residential, and mixed use projects. they also acquire them. it's a modeling exam/case study but was told its more of a case study than a modeling exam and I should plan to be there for 3 hours. any idea...

19 Aug 2019

I have an upcoming case with the FIG arm of a PE firm and had some quick Qs on modelling / PE in the FIG space. I work as a generalist in IBD and do not have any direct FIG experience. Normally, LBOs are done on a EBITDA multiple basis. I know FIG companies are more commonly valuated on P/E or P/B -...

16 Sep 2014

Hi All! Have gotten to the case study round for a PE Credit & Special Sits team First time doing a case study in awhile. Any feedback on what to expect / prep material would be appreciated!! Thank ya

21 Mar 2020

I have been reading Buffett's newsletters as well as Pershing Square's presentations whenever I can get my hands on them. (I have linked to them below for your perusal as well). I also try to read Greenlight's quarterly investor letter as well. Who else do y'all follow and are there any other...

22 Aug 2012

I'm a consulting noob whose just starting to get serious about studying for case interviews. In order to get a good foundation, I've memorized pretty much all of the CIP frameworks along with Victor Cheng's Business Situation framework. I figured I would use Cheng's Business Situation framework as a...

15 Sep 2012

I'm talking about these two: http://www.streetofwalls.com/guides/hedge-fund-case-study-healthcare/?g… http://www.streetofwalls.com/guides/1130/?guide_id=1130 Each costs $67, which is a crap ton for ~15 pages of material that I could potentially get for free by asking people for their old case...

10 Jan 2013

Hey guys, So I have an MBB first round interview coming up in the next two weeks. I scoured the forums and came to find that the two most often cited resources to use were Case In Point and caseinterview.com I personally started with the latter and found it quite useful. I know that many people have...

30 Apr 2012

Hi guys, I have an EY corporate finance (Energy sector) financial modelling case study for an experienced hire position in the UK in a few days and apparently the modelling case will be on a renewable energy asset. Does anyone have any suggestions on how to prepare? Anyone know of any good sources...

10 Nov 2018

So I've got a friend who's willing to spend some time to conduct practice case study interviews for me. He has no consulting background so where I can find case studies formatted to allow a person with no consulting background to accurately conduct a case study that is closest to an actual setting....

29 Dec 2010

I have an interview coming up an IBD analyst position which will involve an M&A case study. Typical situation - company X wants you to advise on which company it should acquire of 3 options. Other than the financial aspects - value and profitability. What key elements should I consider? Specificity,...

07 May 2009

I have been pleasantly surprised with the responses I have seen to people asking for help on the forum, hoping you can assist me in my decisions here... I would like to get into management consulting, specifically MBB, but am wondering if I stand a chance, given the background of everyone in the...

27 Oct 2010

Hi All, I have a 1 1/2 hour case interview with a mega fund based in Asia next week, I was wondering if guys with such experiences could please give me some backgrounds on this. Some backgrounds: I was told that the case study would take 1 hr, then I would meet with a banker for another 30 mins. I'm...

03 Aug 2010