# JPMorganChase Fellowship: eligibility, application route and preparation

## Profit, break-even and cash are different questions

Original fictional event-finance exercise; not a JPMorganChase assessment.

### Base-case event assumptions

| Input | Value |
| --- | --- |
| Tickets | 200 at $25 |
| Fixed costs | $2,400 |
| Variable cost | $8 per attendee |
| Early venue deposit | $1,500 before ticket cash |

## Your turn

Calculate the base-case surplus, whole-ticket break-even point and the loss at 120 attendees. Explain why a profitable base case can still need cash before the event.

## Your answer

[Write your approach here.]

## For your own application

Use a real project to practice separating the decision, its assumptions and the evidence that could change it.

Return to the guide for the worked answer and source notes:
https://internshipdeadlines.com/guides/jpmorgan-chase-fellowship-program-guide