Your Quants should always have a Purpose and Conclusion

If you’re not already in the habit of doing this, make sure that your quants always have a Purpose statement at the top and then a conclusion at the bottom.

This serves two purposes:

1. It forces you to understand why you are doing this quant. 

I know, it might sound silly, why would you do a quant when you don’t know the point of it? For some reason, in the rush and adrenaline of writing a UFE response exactly that happens sometimes. I can’t tell you the number of times having the purpose right there, in front of me, has saved me from wasting a lot of time and going off track in my quant.

2. It tells the marker what they are looking at.

As you’re sitting there and writing the case, you know, in your head, why you’re doing this particular quant. For someone sitting down and looking at it for the first time it’s not always that obvious. We see a lot of numbers and words, and we see how they roughly relate to the case but nothing is more powerful than having the purpose of this one quant right there in front of you. It makes it a lot easier to follow.

Finally, at the end, conclude!

You’ve told us why you are doing the quant (Purpose) and now tell us your result. The conclusion should relate back to the purpose in some way. Otherwise, why do it? So make sure to make it real straight forward and simple at the end and conclude both quantitively and qualitatively if necessary.

Last thing, it should almost go without saying that each quant should have a title label like “Appendix 1”.


  1. Great reminder! I was wondering about the reference of the quant in the word doc itself.. how do you suggest we talk about it? Most of the time, I am just repeating the conclusion already in the quant within the report, and am not sure how I’m adding value. Eeek!

    • If you’re in a position where you are summarizing and putting a thought together (i.e. in a recommendation/conclusion) you can just say something like

      “Based on the above qualitative analysis and the quantitative analysis in Annex 1, XYZ Corp. should pursue this course of action.”

      If you’re writing analysis in your case and you’re doing the qualitative side but did the quant in Excel you can just say something like

      Issue Title

      Qualitative Analysis
      – Point 1
      – Point 2, etc.

      Quantiative Analysis
      – See Annex 1


      (As Above)

      This is easy to follow. The key is that you’re pointing the marker to your analysis and then writing anything else you have to with the understanding that they’ve followed your pointing and see your conclusion in the quant. While repeating stuff won’t hurt you (no negative marking) it does waste time which could hurt, especially if you’re repeating a lot of what you’ve said already.

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