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TCLA Vacation Scheme Applications Discussion Thread 2024-25

YS391

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Sep 1, 2023
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For people that applied to PMC but have not heard back - what is the "last update" date for your application on their website? Mine is 04/01, which is the day after the deadline, and idk if that just means they processed my app or if it means they had my answer of PFO/next stage on the 4th?? (In which case it's deffo a PFO but could've been informed ages ago)

I had their AC for their London office last Thursday and they said their last AC's are being held next week. So if you don't hear back soon it might be a PFO (although I am of course not 100% sure).
 
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Ram Sabaratnam

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Sep 7, 2024
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Hi @Ram Sabaratnam ,

Thank you for all your help so far!
Quick follow up, are there any specific resources you used to prepare for the group exercise, I’m just feeling a bit overwhelmed with all the information available online. I’ve been keeping up with the commercial world fairly ok through Watson’s daily and little law and stuff but I’m wondering if it’s worth going through FT and other sources more to help with this stage? (Sorry if that’s a bit long-winded😅) Also roughly how many people move onto the interview bit (feeling a bit nervous about this group exercise haha)

Hiya @sc13

It's great that you're keeping up with commercial news stories and trends. That can definitely be helpful in thinking through the commercial group exercise. At the same time, I'd suggest that the group exercise isn’t so much about how much you know about current commercial events. It’s more about demonstrating that you can think commercially. Instead of focusing too much on keeping up with the FT or any particular publication, I’d recommend spending some time thinking about how you would approach typical commercial matters. If you've ever done a case study with TCLA or at a firm, think about the key issues that often arise in the context of business transactions/cases. I've listed a few key areas to consider below:
  • Financial and legal factors: What are the main commercial risks and opportunities posed by the transaction/case? How might the deal/case be approached to minimise the benefits or maximise the benefits.
  • Documents and evidence: What kind of information would you need to properly assess the situation? Would you look at financial statements, contracts, regulatory filings, or due diligence reports?
  • Approvals and stakeholders: Are there regulatory bodies involved? Think, for instance, if there could there be competition and anti-trust concerns or whether shareholder approvals required?
  • Strategic fit and rationale: If it's a deal, why does this deal make sense (or not) for the business? What challenges might arise?
  • Market and industry context: How do external factors (e.g., economic conditions, supply chain issues, competitive landscape) impact the deal?
Ultimately, I think the exercise is about showing you can ask the right commercial and legal questions. If you focus on identifying key risks and opportunities, I think you'll be in a great position to contribute meaningfully to the group discussion.
 
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Amma Usman

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Sep 7, 2024
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haha why is this?
Taking a sip of water during an interview can be beneficial as it provides a natural pause, allowing you a moment to gather your thoughts before responding to a question. This brief pause can help ensure that your answers are well-structured and articulate. However, I believe that if done too frequently, it may unintentionally signal nervousness.
 


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