Mini-Case - Financial Statement Insights Cover

Mini-Case: Financial Statement Insights

  • PE
  • HF
  • CR


Edition: 2022
Author: 10X EBITDA
Pages: 11
Original Firm: Billionaire-owned hedge fund
Original Firm Peers: Tiger Global, Viking, Coatue
Relevance: PE Associate, HF Investment Analyst
Content: 1 Mini Case with Exhibits and 17 Questions & Answers
File Format: PDF

This is a mini-case that evaluates candidates’ ability to dissect financial statements to extract meaningful investment insights. Whereas the case study is usually an interview round by itself, the mini-case is usually a component of a regular conversation interview, along with technicals and behavioral questions. This guide includes the full conversation between the interviewer and the candidate on the mini-case, consisting of 17 questions and answers. It’s relevant for private equity, hedge funds and credit investing.

All of our case studies are based on the REAL exercises conducted during the recruiting process.

  • Our case studies are as close as it gets to the real thing.

    The first thing we do when we develop a case study is to thoughtfully consider the different aspects of the original real case study. What was the company? What information was provided to the candidate? What questions did the interviewers ask during the debrief? What did the candidates struggle with? We then create mock practice case studies, tailored specifically to that firm. As a result, our cases are as close as it gets to the real thing and an excellent way for you to practice.

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  • We specialize in recruiting and have an unparalleled placement track record.

    Due to our industry experience, we’re intimately familiar with the logical reasoning and investment analysis thought process that the top buyside investment firms are looking for in case studies. Our coaching team has helped clients succeed at top private equity firms and hedge funds. Most recently, we’ve helped clients get offers from Apollo, Blackstone and KKR. We apply this expertise when crafting the case studies.

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    Frequently Asked Questions

  • What do I get when I purchase this guide?

    You get a PDF file that walks you through a mini-case from start to finish. It includes (i) the interviewer’s prompt, (ii) the exhibits, (iii) 17 questions the interviewer asked the candidate, (iv) the candidate’s answers and (v) our commentary on best practices.

  • Is this guide based on a real mini-case?

    Yes. The original mini-case was conducted by an east coast-based hedge fund owned by a billionaire during the final round. The hedge fund hires people who have finished investment banking analyst and private equity associate programs. Our practice mini-case changed the target company in question to teach you a broader set of concepts. While the target company is different, the concepts we’ll teach you is exactly what you need to know before you go into the real interview.

  • I’m recruiting for private equity associate role. Is this guide still relevant to me?

    Yes. Mini-cases are common in private equity interviews.

  • What happens after payment?

    After payment, you will be able to download the PDF directly from our website. The PDF is licensed exclusively to your individual use only.