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At PwC, the case study consisted of 1) Few pages of Target Company background and financials (provided 24 hours in advance). One hour before the interview, I received 2) 10 short blurbs and I had to say if it would be an EBITDA adjustment or not and why.
I then walked the interviewer through my thoughts and also had to prepare a few slides on metrics. So I did DSO, DIO, DPO, etc. using the financials, and also made some graphs
Not at A&M or have done this but I would expect be able to make P&L schedules/pivots and then be able to identify high level adjustments.
It’s strictly conceptual. You’re not building anything. You get a few pages of information, tell me the QE, NWC & DDL items. If you nail it, you can come in at Senior. Otherwise, associate or no offer at all.
Hmmm interesting. I was told by my recruiter that I would specifically be examining data points, making suggestions, and building the databook based on client provided data. Maybe the process at A&M is a bit more stringent?.
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Are you currently in fdd somewhere else?
Can I ask how did this go? Can I message you