63 interview cases, filed and ready to work
Interview cases with full PDF materials — structured questions, exhibits, and model answers.
- File001Medium4Q · 3 exh.
NorthBridge Bank
A mid-size U.S. retail bank ($45B in assets) has seen net profit drop 28% over two years as NIM compresses and neobanks steal depositors. Diagnose the profitability decline and recommend a turnaround plan.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File002Medium4Q · 3 exh.
RapidHaul
A last-mile delivery company ($680M revenue) has seen EBITDA margins collapse from 11% to 4%. Fuel costs, driver wages, and a 14% failed delivery rate are the culprits. Fix the profitability problem before losing a major client.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File003Hard5Q · 3 exh.
ChargeNet
An infrastructure fund is evaluating a $500M investment to build a fast-charging network for EVs across European highway corridors. Determine if this is an attractive investment and which corridors to prioritize.
~25 min est.Hard · 5Q · 3 exh. · ~25 min est.View case - File004Medium4Q · 3 exh.
ScreenStream
A PE firm is evaluating acquiring a mid-tier streaming platform (14M subscribers, $900M revenue) that has strong drama IP but is burning $200M/year. Assess the acquisition and synergy potential.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File005Medium4Q · 3 exh.
GrainTech
A $2.1B agricultural inputs company wants to enter the precision farming software market ($4.4B, growing 13% annually). Decide between build, buy, or partner strategies for 85,000 farmer customers.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File006Hard5Q · 3 exh.
ConnectCo
A national telecom operator spent $4.2B on 5G but ARPU only rose 4%. With 18% annual churn costing $540M/year in replacement, the CFO questions the ROI. Analyze the situation and chart a path forward.
~25 min est.Hard · 5Q · 3 exh. · ~25 min est.View case - File007Medium4Q · 3 exh.
LoyaltyEdge
A credit card co-brand loyalty platform ($480M revenue, 22% EBITDA) faces stalled growth, dangerous client concentration (top 2 = 61% of revenue), and rising redemption costs. Develop a growth and risk mitigation strategy.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File008Easy4Q · 3 exh.
BrewCraft
A premium UK craft beer company (£45M revenue) is considering launching a non-alcoholic craft beer line. Estimate the market size, identify target segments, and recommend a pricing strategy.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File009Medium4Q · 3 exh.
MediCore
A regional hospital network (8 hospitals, $2.4B revenue) faces declining patient satisfaction and shrinking margins. Evaluate whether a $200M digital transformation investment is justified and prioritize initiatives.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File010Hard4Q · 3 exh.
SteelForge
A specialty steel manufacturer ($1.8B revenue, 4 plants) has lost 8 percentage points of gross margin over 3 years. Find $140M in annual cost savings — the answer is hidden in one plant's energy inefficiency.
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File011Hard4Q · 3 exh.
GreenGrid Energy
A European utility ($3.2B revenue, 70% fossil) must transition to 60% renewable by 2032. Evaluate a €2B investment across solar, wind, and carbon credits while managing stranded asset risk.
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File012Medium4Q · 3 exh.
ShieldInsure
A traditional P&C insurer ($1.4B premiums) with a combined ratio above 100% is losing share to insurtechs. Choose between building, buying, or partnering for digital capabilities.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File013Hard4Q · 3 exh.
GeneCure Therapeutics
A biotech has developed a one-time gene therapy for a rare disease (12,000 US patients, 89% efficacy). Set the launch price between $500K and $2.1M while navigating payer pushback and political risk.
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File014Medium4Q · 3 exh.
UrbanNest
A co-living developer (12 London properties, 94% occupancy) is expanding to 3 European cities with £150M. Choose cities, format (premium vs. student), and entry model (build vs. convert vs. manage).
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File015Medium4Q · 3 exh.
CyberVault
A cybersecurity MDR startup ($45M ARR, 60% growth) must choose between expanding upmarket to enterprise, downmarket to SMBs, or geographically to Europe to reach $200M ARR in 3 years.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File016Medium4Q · 3 exh.
ProLeague
A European basketball league (€320M revenue) must renegotiate expiring media rights while addressing declining attendance and an aging fan base. Choose between broadcast, streaming, or hybrid.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File017Medium4Q · 3 exh.
FreshDirect
An online grocery service ($520M revenue) that boomed during COVID is now burning $8M/month with 14 months of runway. Fix unit economics, reverse declining retention, or find a buyer.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File018Easy4Q · 3 exh.
EduSpark
A corporate training company ($95M revenue) launches an AI-powered online platform targeting mid-market companies. Design the product, set the pricing model, and plan to reach $30M ARR in 2 years.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File019Medium4Q · 3 exh.
AeroLink
A mid-size European airline (42 aircraft, €1.8B revenue) expanded post-COVID but 40% of new routes underperform. Cut costs, optimize routes, and restore EBIT margin from 3% to 8%.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File020Medium4Q · 3 exh.
VelvetLux
A 90-year-old French luxury house (€620M revenue) wants to triple DTC e-commerce to 25% without damaging brand equity or alienating wholesale partners who threaten to cut orders.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File021Hard4Q · 3 exh.
CloudPeak
A B2B SaaS company ($85M ARR) is transitioning from per-seat to usage-based pricing. Model the revenue impact when 30% of customers pay more but 45% pay less.
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File022Easy4Q · 3 exh.
CivicBridge
A U.S. city's public transit faces a crisis: 35% ridership decline, $28M annual deficit, reserves exhausted in 18 months. Cut routes, raise fares, or redesign the system — with re-election in 14 months.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File023Medium4Q · 3 exh.
NovaPay
A consumer BNPL fintech ($320M revenue, 8M users) with slowing growth wants to enter B2B trade credit — a $3.2T market with very different unit economics and cash flow dynamics.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File024Hard4Q · 3 exh.
TitanMine
A copper and lithium miner ($2.8B revenue) must satisfy ESG investors demanding decarbonization while positioning for lithium demand growth. Invest, acquire, or divest?
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File025Easy4Q · 3 exh.
GameForge
A mobile gaming studio ($65M revenue) with one aging hit game must choose: expand the existing title, build new, acquire, or pivot to publishing. $40M cash, 2-year growth deadline.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File026Medium4Q · 3 exh.
PharmaChain
A pharma distributor ($4.2B revenue, 2.1% margin) must cut $60M in costs while reducing temperature excursions from 6.2% to under 2%. The catch: the lowest-cost DC also has the worst cold chain compliance.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File027Medium4Q · 3 exh.
AquaPure
A municipal water utility (1.2M households, $620M revenue) must choose between PE acquisition ($2.8B), self-funded modernization ($1.5B bonds), or public-private partnership. Hidden rate escalation clause changes the math.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File028Hard4Q · 3 exh.
OrbitCargo
A reusable rocket startup ($400M Series C) must choose its go-to-market in a $12B launch market dominated by SpaceX at 65% share. Compete on price, target resupply niches, or pioneer scheduled cargo routes?
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File029Easy4Q · 3 exh.
PawsCare
A premium pet health company ($120M revenue) wants to double revenue in 3 years. Pet insurance is only 4.5% penetrated in the U.S. vs. 30% in UK. The cheapest growth path is counterintuitive.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File030Medium4Q · 3 exh.
CircleWaste
A waste management company ($480M revenue) must hit 65% recycling by 2030 (currently 42%) as landfill revenue declines. Invest in recycling tech, acquire a plastics-to-fuel startup, or pivot to platform?
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File031Medium4Q · 3 exh.
TalentForge
An AI recruitment platform ($38M ARR) with slowing growth must reach $100M in 3 years. Expand into internal mobility, move downmarket to SMBs, or go international? The bigger market has worse unit economics.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File032Medium4Q · 3 exh.
FusionKitchen
A ghost kitchen operator (45 locations, 12 virtual brands, $185M revenue) is losing $22M/year. Fix unit economics: 35% kitchen utilization, 18% food waste, 28% delivery fees. The highest-rated brand has the worst margin.
~20 min est.Medium · 4Q · 3 exh. · ~20 min est.View case - File033Hard4Q · 3 exh.
SafeHarbor Re
A reinsurer ($1.6B premiums) faces 3x predicted catastrophe losses as climate models fail. Raise premiums 40-60%, launch parametric products, or exit Florida? The obvious exit destroys cross-sell profitability.
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File034Hard4Q · 3 exh.
ChainGuard
A crypto exchange ($420M revenue, 3.2M users) must comply with new regulations in 18 months ($85M cost). 40% of volume comes from soon-restricted jurisdictions. Comply, relocate, or pivot to institutional services?
~20 min est.Hard · 4Q · 3 exh. · ~20 min est.View case - File035Easy4Q · 3 exh.
Lumo Lamps
A DTC smart-lighting brand ($18M revenue, website-only) has stalled at 8% growth as paid-social costs climb. Choose between Amazon, big-box retail, B2B and international to reach $40M in three years.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File036Easy4Q · 3 exh.
Ridgeport Bikes
A city bike-share scheme (2,000 bikes, 1.5M trips) has kept flat fares since 2019 while e-bikes took over. Design a fare structure that meets a $3M subsidy cap without pricing out low-income riders.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File037Easy4Q · 3 exh.
HelioRidge Solar
An Arizona rooftop-solar installer ($61M revenue) lost 30% of bookings when the federal homeowner tax credit expired. Choose between Illinois, Pennsylvania and North Carolina, and test the breakeven.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File038Easy4Q · 4 exh.
PageTurn Books
An 18-store independent bookstore chain ($20.7M revenue) saw operating profit fall from $1.3M to $0.2M while indie bookselling boomed. Diagnose the decline and pick the initiatives that restore a 6% margin.
~20 min est.Easy · 4Q · 4 exh. · ~20 min est.View case - File039Easy4Q · 3 exh.
QuickWash
A 22-site express car-wash chain ($38M revenue) has $20M to add $5M of EBITDA in three years. Build new tunnels in a saturating market, or grow its unlimited-wash membership base?
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File040Easy4Q · 3 exh.
ClinicLine
A 12-clinic urgent-care network has 95-minute visits (national average ~56) and 9% of patients walking out. Find out whether it is short of providers or scheduling them at the wrong times, and fix it cheaply.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File041Easy4Q · 3 exh.
Meadowvale Dairy
A 150-farm UK dairy co-operative is told by its supermarket customer to cut its aligned milk price from 45p to 40p per litre after farmgate prices slump. Work out what the cut costs members and build a counter-offer the Retailer can accept.
~20 min est.Easy · 4Q · 3 exh. · ~20 min est.View case - File042Medium5Q · 3 exh.
Nordwind Logistics
A Hamburg parcel carrier delivering 175M parcels a year earns a 3.4% margin while minimum wages rise and its largest client demands an 8% price cut. Find €74M of savings by rethinking where and how parcels are delivered.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File043Medium5Q · 3 exh.
Altura Telecom
A regional Spanish mobile operator has seen EBITDA margin fall from 22% to 14% as low-cost rivals push monthly churn to 2%. Size the true cost of churn by segment and decide which retention moves actually pay for themselves.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File044Medium5Q · 2 exh.
Lumen Hotels
A U.S. boutique hotel group (11 hotels, ~$140M revenue) has $100M to open two hotels and a shortlist of Nashville, San Diego, Austin and Savannah. The strongest market today is the worst investment, and the city with the toughest rules may be the safest bet.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File045Medium5Q · 2 exh.
Norvale Pharma
A $1.9B generic-drug maker has FDA approval for its first biosimilar, a Stelara (ustekinumab) copy, but would be the ninth entrant into a market that lost two-thirds of its value. Decide whether to launch, and whether to sell under its own brand or supply a PBM private label.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File046Medium5Q · 2 exh.
Cairnfield Cement
A Midwest cement producer (5 plants, 5.0M tons shipped) runs at 67% of capacity as U.S. demand stays flat and imports supply a fifth of the market. Decide which plant to close, when every ton moved travels further to the customer.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File047Medium5Q · 4 exh.
Brightpath Tutoring
A U.S. online tutoring company ($85M revenue) wants to launch in Mexico, where families pay a fraction of U.S. prices. Size the target segment, set a peso price and work out how many students it needs to break even.
~25 min est.Medium · 5Q · 4 exh. · ~25 min est.View case - File048Medium5Q · 5 exh.
Harbor Wind
An infrastructure fund is offered a 50% stake in a 1 GW UK offshore wind farm backed by a 20-year CfD at about £91/MWh. Value the stake, test the £250M asking price and design an offer that shares wind and construction risk.
~25 min est.Medium · 5Q · 5 exh. · ~25 min est.View case - File049Medium5Q · 5 exh.
Skylark Air
A Spanish low-cost airline earns €17 of ancillary revenue per passenger versus €24 at Ryanair. Redesign bag, seat and bundle pricing to close the gap as new EU passenger-rights rules remove part of its fee income.
~25 min est.Medium · 5Q · 5 exh. · ~25 min est.View case - File050Medium5Q · 3 exh.
Kinfield Robotics
A fruit-picking robot start-up with an $18M Series A can fund only one commercial launch. Choose between Washington apples, UK tabletop strawberries and Spanish strawberries using addressable picking spend, per-robot payback and labour-market pressure.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File051Medium5Q · 3 exh.
Kestrel Bank
An $8.5B regional bank takes 21 days to decide on small-business loans and is losing borrowers to online lenders. Decide whether a $9M digital lending platform pays off and how to roll it out without taking on too much credit risk.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File052Medium5Q · 2 exh.
Keelstone Fitness
A 64-club mid-price UK gym chain has lost a fifth of its members to budget gyms while the market hits record highs, and EBITDA has fallen from £31.5M to £13.9M. Diagnose the decline and build a plan to get back to £25M.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File053Medium5Q · 2 exh.
StreamWave
A US music-streaming challenger (8M paying accounts, $1.1B revenue) priced below Spotify and Apple Music has a 24% gross margin. Redesign price tiers: raise prices, add a $20 Pro plan, or add a $7 Lite plan with a royalty-floor trap.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File054Medium5Q · 2 exh.
Keyline Properties
A diversified REIT ($4.8B assets) is offered 48 Sunbelt self-storage facilities for $560M at a quoted 5.8% cap rate. Rebuild the buyer's NOI, find the cluster to carve out, and set a walk-away price.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File055Medium5Q · 2 exh.
Helix Assurance
A regional US motor insurer ($1.6B premium, 104.7% combined ratio) takes 26 days to fix cars and its fraud rules lose money. Use a claims-scoring model to fast-track honest claims, pick a fraud threshold, and size the impact.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File056Medium5Q · 3 exh.
GreenLoop Packaging
A EUR 420M food-packaging converter faces the EU's new packaging regulation: recycled-content minimums and a 2030 ban on its multilayer trays put about a third of EBITDA at risk. Cost the impact, secure recycled PET and turn compliance into share gains.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File057Medium5Q · 3 exh.
Savoro Foods
A German frozen ready-meals maker (EUR 380M revenue) is offered a shrinking plant-based meat brand for EUR 110M, about 37x EBITDA. Assess the category, value the target and its synergies, and set a walk-away price.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File058Medium5Q · 1 exh.
Pedalia
A German e-bike subscription start-up (24,000 subscribers, EUR 40M Series B) must reach 75,000 subscribers in three years. New cities, deeper local growth or employer subscriptions? One path grows the count but loses money on every rider.
~25 min est.Medium · 5Q · 1 exh. · ~25 min est.View case - File059Medium5Q · 2 exh.
CityWater
A U.S. city's water utility (1,600 miles of main, $110M a year for capital) must fund a federal mandate to replace 24,000 lead service lines by 2037 while its main-break rate runs 60% above the national average. Prioritise the pipes and set a bill the council can pass.
~25 min est.Medium · 5Q · 2 exh. · ~25 min est.View case - File060Medium5Q · 3 exh.
Ledgerly
A U.S. small-business accounting SaaS ($120M ARR, growth down to 9%) has $40M to spend: build a $400/month product for larger firms, or enter the UK as Making Tax Digital forces about 1.8M sole traders and landlords onto software.
~25 min est.Medium · 5Q · 3 exh. · ~25 min est.View case - File061Hard6Q · 3 exh.
Atlas Rail
A western freight railroad ($9B revenue) wants to buy an eastern peer to form a coast-to-coast network. Size cost and revenue synergies, test them against a $7B premium, and set a walk-away price under STB merger review.
~30 min est.Hard · 6Q · 3 exh. · ~30 min est.View case - File062Hard6Q · 2 exh.
Meridian Payments
A U.S. accounts-payable fintech ($210M revenue, 48,000 SMB customers) wants to enter cross-border B2B payments, where banks still lead but Wise and Airwallex are surging. Size the prize, pick launch corridors and choose between build, partner or buy.
~30 min est.Hard · 6Q · 2 exh. · ~30 min est.View case - File063Hard6Q · 3 exh.
Northstar Retail Group
A U.S. department-store group ($6.8B revenue, 142 stores) doubled online to 34% of sales, yet operating margin fell from 6.1% to 2.4%. Find why ship-to-home lost money and build the path back to a 5% margin.
~30 min est.Hard · 6Q · 3 exh. · ~30 min est.View case