Trying to crack LBO case studies but overwhelmed by the endless permutations. I keep hearing interviewers test 7 core variations, but every bank’s version feels different. For those who’ve survived Goldman/MS interviews: What specific model twists should we prioritize? Did any particular framework help you handle revenue ramp assumptions or exit multiple surprises? Bonus if you’ve seen actual interviewer scorecards!
lol @ ‘7 core variations’. They’ll hit you with whatever the VP had for breakfast. Focus on quick IRR calc muscle memory and practice explaining circular refs while sleep-deprived. Pro tip: the real test is whether you can bull**** your way through a 10yr DCF faster than they can order Starbucks
omg following! Had JPM superday last week and they asked about synergy capture in rollup lbo?? totally threw me off. anyone got templates for less common cases?
Focus on three core patterns: dividend recaps with multiple refinancings, cross-border acquisitions with FX impacts, and EBITDA adjustment heavy models. Practice explaining your working capital assumptions aloud - that’s where 80% of candidates make silent errors. Build a 5-minute sanity check routine for terminal year CF.
You’ve got this! Nail the fundamentals first - once debt schedules click, variations become manageable 
2023 interview data shows 68% of technical LBO questions involve at least one of: management rollover equity (42%), asset sale carve-outs (31%), or delayed debt repayment schedules (55%). Prioritize modeling working capital swings - 9/10 interviewers probe this within first 5 minutes.