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My experience was I was given a packet of information, a calculator, and a flip chart. Told I had 1 hour to read and prepare my recommendation. Then the interviewer left. An hour later they came in pretending to be the client CEO. I presented and defended my recommendation. The packet was a mix of data/charts and a page or two on the client situation/background.
Chief
What was described is EI, yes. TRS likely has more of a balance sheet / cash flow focus
The AP case was the hardest case I’ve ever done compared to other firms including MBB. However, I will say the case is probably less weighted than at other firms. If your case performance isn’t great, your experience and other interviews can make up for it.
Welp
Interviewer lead. Can and should use calculator. Should have decent understanding of P&L and Balance sheet (I.e. know how to reduce working capital). No curveballs or trying to put unnecessary pressure on from my experience
In my experience (6 years ago though, EI interview) the case required specific industry specific knowledge. I was interviewing as experienced hire in an industry, and to solve the case you had to know how a specific KPI is broken down in its components, and how that breakdown changed during the financial crisis 5-7 years earlier.
The approach has been updated a bit since 6 years ago :) I know the Recruiting team have updated our process for speed to decision, and adjusted somewhat for the virtual delivery method.
The official case interview will be industry-agnostic - we are testing for business fundamentals rather than industry knowledge.
We also have technical interviews where we will test for specific skills. Depending on the interviewer and the information we have gathered so far from the candidate, we might do informal case scenarios during these interviews too.