How much time do you get for a paper LBO during an PE interview? Also in which scenarios would you get a paper LBO vs a traditional full model during a PE interview?

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Paper LBO is almost always informal and on the spot. For example, interviewer might describe a company, you discuss investment merits, and then he asks you for a valuation and you’ll sketch out a paper LBO on the spot. 2-5 minute exercise max.

Traditional full model is usually in middle of interview process and a more formal screening mechanism. You’ll get 1-3 hours (depending on complexity) to compete a prompt. Usually won’t discuss it but you’ll be passed/dropped to the next round depending on your model accuracy

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Bump

Paper lbos are typically in initial stages just to check u know shit - will be followed up by full blown lbos- at least in all the interviews ive had

Max 10 minutes if interactive discussion but if given all info and asked all proper questions should be <5

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