[Also posted on Water Cooler - sorry for the duplication, I just know that most people don’t check both forums and many people on this forum have recently inquired about buy-side job search advice.]
I was recently interviewed by Mergers & Inquisitions about hedge fund case studies. During such a case study, a potential employer will ask you to analyze a stock and get back to him/her with your recommendation, often providing strict timelines and little guidance on what you should deliver. The case study is highly representative of what you can expect to do every day as a buy-side analyst.
The interview was over two hours long, and will be rolled out in four parts. Part 1 was published today, and the remaining articles will be rolled out over the next few weeks.
I know many people here are seeking buy-side jobs, so you may find the article informative as it details what you can expect during a case study and how you can impress your buy-side interviewers. The advice is also highly transferable to sell-side recruiting processes. Both sell-side and buy-side employers want to know how you think about investing and how repeatable your research process is, and how you perform on a case study is often the most critical determinant in whether you will get a job offer.
I hope you enjoy the article, and wish you all the best of success in recruiting. If you have any questions or comments, please feel free to post here or e-mail me at firstname.lastname@example.org.