Transaction Services Training

Practice

8+ case studies to simulate real Transaction Services analyses

Case studies replicate the complexity of a real TS engagement in condensed form: realistic financial data, open analytical questions, written conclusions. With 8+ cases covering diverse sectors, you build the analytical resilience essential before interview day.

4.9/5 on Trustpilot
500+ candidates trained
Excellent
Trustpilot

Rated 4.9 / 5 · 500+ reviews

Verified

Julien N.· 4mo ago

Landed the job at EY Transaction Services

The case studies are clear, realistic, and built real confidence. I genuinely feel the training played a key role in helping me land the job.

Our candidates are hired at

EYDeloitteKPMGPwCEight AdvisoryForvis MazarsBDOAccuracyGrant ThorntonAlvarez & MarsalRoland BergerSquarenessEYDeloitteKPMGPwCEight AdvisoryForvis MazarsBDOAccuracyGrant ThorntonAlvarez & MarsalRoland BergerSquarenessEYDeloitteKPMGPwCEight AdvisoryForvis MazarsBDOAccuracyGrant ThorntonAlvarez & MarsalRoland BergerSquareness
Simulation before the real thing

Never having practised on a real case: the top reason for failure in a TS interview

A Big 4 Transaction Services interview rarely lasts more than 45 minutes. In 30 seconds, you must structure a response on the normalisation of a one-off or the correction of a debt covenant. Without having ever worked on full real cases, that execution speed is impossible to reach on the day.

Key figure

30s

The average time you have to articulate a first structured response in a TS interview before the recruiter follows up — without hesitation or reformulation.

What you learn

8+ case studies to simulate real Transaction Services analyses

Étape 1
modules 1

Real sectors with sector-specific financial characteristics

Each case covers a sector typically encountered in Transaction Services due diligences: SaaS (revenue recurrence, ARR, churn), distribution (high seasonal NWC,…

Étape 2
modules 2

Complete end-to-end exercise under timed conditions

From receiving the dataset to writing your analytical conclusions: identifying EBITDA add-backs, calculating normalised NWC, identifying debt-like items,…

Étape 3
modules 3

Professional marking scheme and correction commentary

A detailed rubric indicates the expected points in each section — relevance and defensibility of each EBITDA adjustment, NWC calculation rigour, completeness…

Measurable outcomes

500+ candidates prepared, 100% in internship or full-time role. Transaction Services Training is a proven method.

0+Candidates preparedsince the programme launched
0%Students in internship or full-time roleafter completing the programme
0h+Hours of contenton the Transaction Services Training platform
0+Partner companiesthat trust us for recruiting
Who we are

Our team

Learn more about us

Our team is made up of former Transaction Services analysts and managers, including Big 4 recruiters. They share directly what is evaluated in the interview — because they have been on the other side of the table.

The honest comparison

Why Transaction Services Training and not another programme?

TS TrainingRecommended
Success TS
Trainy
Training You
100% specialised in Transaction ServicesOnly one
Full case studies with detailed corrections8+1–21–2
EBITDA / Net Debt / NWC adjustments documented150+A fewRare
Reusable TS Excel models4+Limited
Mock interview with Big 4 recruiterIncluded
Team responsive within the hourIncludedLimited
Updated monthlyYesOccasional
One-time price, no subscriptionYesSubscriptionSubscriptionSubscription

Comparison based on publicly available offers as of 2025. Data subject to change.

Frequently asked questions

  • Are Transaction Services Training case studies based on real companies?
    Transaction Services Training case studies are inspired by real transactions and real companies, with data modified for confidentiality reasons. The P&L structure, NWC lines and normalisation issues replicate situations encountered in real Financial Due Diligence engagements.
  • How many case studies are included in the Transaction Services training?
    The training includes 8+ complete case studies with corrections. They cover different sectors — retail, SaaS, industry, services — and difficulty levels. Each case study includes a full dataset and a model correction written to Big 4 standards.
  • Is a TS case study done individually or in teams during an interview?
    In an individual interview, the candidate works alone then presents and defends their conclusions. In Big 4 assessment centres, some exercises are collective. Transaction Services Training prepares for both formats with individual exercises and oral presentation guidelines.
  • What is the difference between a TS case study and a strategy consulting case?
    A TS case focuses on analysing the normalised historical results of a target company — not strategy. The candidate must identify adjustments, assess earnings quality and articulate financial risks. No strategic recommendation is required.
  • What level is required to work through Transaction Services Training case studies?
    Case studies are recommended after completing the courses and practising the guided exercises. They synthesise all TS skills — adjustments, NWC, net debt — in an integrated format. Starting too early risks undermining the correction without real benefit.
  • Are Transaction Services Training case studies worked through independently or with step-by-step guidance?
    Transaction Services Training case studies are designed for independent completion — without intermediate hints — to replicate real interview conditions. The detailed correction is accessible once you have submitted your own analysis, with explanation of each adjustment decision.
  • Why are Transaction Services Training case studies more useful than cases published by advisory firms?
    Cases published by firms are simplified marketing materials, without realistic financial data or EBITDA adjustment corrections. Transaction Services Training case studies are built for interview preparation — with raw data, common traps and corrections aligned with recruiter expectations.

The next TS offer is yours.

500+ candidates prepared their interviews with this programme. Those who landed the role have one thing in common: they worked the cases before walking into the room.

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