Pre-MBA at MBB — Have worked on a few DDs but have not touched the model workstream yet. Any advice on how I can best discuss my “deal” experience in PE interviews despite that? Thanks in advance!

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To be clear- the “model” workstream in CDD is never the “model” that PE associates hold (eg the LBO). The “model” in consulting could be a number of things- but most likely just some market model/market mapping. You aren’t expected to discuss the LBO for the CDD in an interview because that’s not what Bain gets hired to do. When you talk about the deal just talk about what you worked on, the thesis the investor had, why you liked/didn’t like the deal

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I interviewed for PE and got a role and never once touched model workstream. That being said you should still understand how a TAM model works and it’s considerations. But when I interviewed my deal discussions were more about the full deal, why it was/wasn’t attractive, our hypothesis and considerations and so on

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Ditto

What have you done on DD’s? If you know how to qualitatively size a market and know how to do an LBO / 3 statement, that’s enough

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Agreed on this ^. It obviously depends on the fund, but my experience was that most funds just needed to see me demonstrate a level of financial acumen in the form of building a three statement LBO model showing MOIC and IRR. Everything else is learned / re-learned upon arrival imo

Mention “model workstream” in the interview and they’ll be impressed

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Definitely don’t — they’ll grill you on it if you mention it

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F

helpful

Make a 1-2 page exec summary of the exec summary. Key is tying together all sections to then give a view of the achievability of Biz plan.

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F

Talk strategically about your deal experience (why you made the business better) and be able to answer questions about why you would invest in it… but moreso, be prepared to crush a 3 statement modeling test if you want to recruit anywhere that isn’t just blindly friendly to consultants

Find some articles and study up!

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