Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Case Interview 101

No description
by

Management Consulting Prep

on 14 March 2017

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Case Interview 101

I still remember...
... the first time I heard about "Case Interview" ...
... getting lost about where to start with Case Interview Prep ...
... hearing people telling about those useless advanced concepts ...
The very first Case Interview lesson
every newbie should watch

Case Interview 101
McKinsey & Company, Former Consultant
Kim Tran
Management Consulting Prep, Founder
- Years of experience in Management Consulting & Case Interview Coaching
- Coached of candidates
(Harvard, Wharton...)
hundreds
CASE
INTERVIEW
BIG
PICTURE
Beginner
concept
concept
concept
concept
concept
What is a Case Interview?
Job Interview
+
Business Context
Business Problem
Format of Case Interview?
format with no case data reveal before the actual interview.
Big 3: McKinsey, Bain, BCG
1 on 1
Example:
"Let's say we have a restaurant called In-and-out Burger with recently falling profits. How can you help?"
During the process, the candidate's skillsets will be exposed and evaluated.
FINAL RESULT
If you work through the business problem in a
NOT IF you solved it or not.
What is evaluated in Case Interviews?
PROCESS
"right" way
Good Methodology
consistently solve many other
business problems, not just one!!!
"Right" way???
No. 1:
Root-Cause
reason, NOT
symptoms
Example:
If a patient is having pain in his chest,...
Non-root-cause
Root-cause
Provide some Pain Killer medicines
Run test (Bone issues, or a lung problem, or a heart disorter, etc)
No. 2: Find
All

Root-Cause
reasons
Breaking down the problem in a MECE way!!!
Mutually Exclusive & Collectively Exhaustive
1. Can not overlap
International Students
Female
Students
Student Body if a course
2. All together has to equal the big problem
Student Body if a course
USA
China
In & Out Example
- Bad method:
Profit
Time
(a) Weak management ?
(b) Increase competition ?
(c) Increase beef cost ?
...or (d) Shift of customer taste ?
- Good method:
(a) Decrease sales revenue !
(b) Increase cost !
Then within each branch, we can further breaking it down.
Case Interview Frameworks
Pre-set template that candidates can use to breakdown frequently-seen business problems or cases.
- Profitability framework (used for profitability cases)
- McKinsey M&A framework (used for Merger & Acquisition cases)
- Porter's Five Forces (used for Market Entry cases)
- Other's like 4C, 4P, etc. frameworks (used for other general cases)
You will find more detailed information on Case Interview Frameworks in other videos and on our website: www.mconsultingprep.com
No. 3: Find
All

Root-Cause
FAST & EFFICIENT
No.3 component of a "good method" is to appropriately prioritize which small piece to go deeper into.
Hypothesis
The concept of Hypothesis:
- Hypothesis is an educated guess of where the root-cause might be and therefore going into branches that are more likely to contain the root-cause.
- Hypotheses should be based on information provided in the case.
The common flow of Case Interviews
"Candidate-drive" case
Candidate Interviewer
"Interviewer-drive" case
Candidate Interviewer
MOST COMMON
What does it take to do well in Case Interviews?
03
equally-important factors
No.1: Your Consulting Math ?
No.2: "Case Interview Tips and Techniques"
No.3: Your Business Intuition ?
Now what?
1. See/read some
sample case interviews
in action
2. Develop the habit of reading
business publications
to improve your business intuition
3. Get start with your
Math Practice
4. Learn those
Tips & Techniques
5. Do a few
mock case interviews
. Do it, reflect, study the area you don't feel comfortable with, go back and do a few more mock cases and keep the cycle goes on...

Case Interview Preparation Journey
www.mconsulting.com
fb.com/MConsultingPrep
Management Consulting Prep
"Everybody can make it to Consulting"
International Students
Female
Students
Domestic
Students
Male
Students
Full transcript