#case interview preparation

[readyforconsulting01-blog]

Single out the best material for case interview preparation

Every individual is unique in one aspect or another. The personality of each individual has been constituted by his or her upbringing, family background, qualifications, experiences, knowledge, perception etc. This makes every individual unique with his own strengths, weaknesses and requirements.

 One size does not fit all, likewise the top ranked case interview preparationmaterial may not fit for everybody. Some materials are best for those candidates that are from business background on the other hand some other materials are useful for only advanced candidates etc. Hence, while selecting the best material one needs to know the detailed comparative assessment report of all the popular materials available in the market.Each material is good in one or the other aspect. The confusion arises that which one is better for you.

 All the available materials have their own strengths and weaknesses.The independent review teams have been constituted by Ready for Consulting the differentcase interview preparationmaterials for the candidates. The review teams assess the materials based on the six different criteria’s namely basics of business concept, personal fit, case interview: theory, case interview: practise, case interview: math and path clarity.

 On the basis of each of the given criteria, the review team evaluates the criteria-wise strength, weakness and ranking of the material. The detailed assessment by Ready for Consulting, covers all the aspects of case interview material like hours of training, focus of material,format of material, inclusions of free access, tariff of premium access, volume of practise material, basic requirement/ knowledge required of the candidate etc. The comparative criteria wise ranking as well as overall ranking has been made in respect of all the materials based on which the candidates can select the most suitable material that will create value addition to them.

Everyone wants to study best consulting material while preparing for the case interviews. Visit Ready for Consulting and overcome your confusions in selection of the best material that suits you among various options available.

[vironika]

What the heck does a guide DO, specifically? - Management Consulting 101

New Post has been published on http://www.adwillz.com/blog/what-the-heck-does-a-guide-do-specifically-management-consulting-101/

What the heck does a guide DO, specifically? - Management Consulting 101

Check out my web site for far more insights into consulting: http://mconsultingprep.com People today say that I remedy #businessproblems. That is not incorrect. But it’s way …

[superawesomeqwe123]

Case interview preparation

Consulting Prep – We provide preparation for the case interview at top consulting firms - Join the elite https://www.consultingprep.com/

[caseinterviews-blog]

Pyramid Principle: MECE

Before I’ll show you the Minto Principle, I’ll look into the expression MECE (pronunciation: me see) along with you, as it’s a crucial term in the Minto Principle, case interviews and consulting in general. MECE stands for ‘Mutually Exclusive, Collectively Exhaustive’ and is the consulting way of representing complex information in an clear-cut way. Let’scheck out both constituent parts separately.

Mutually Exclusive

If you are categorizing info, the MECE-principle dictates that the groups must be mutually exclusive. This means that it must not be possible for a member of group A to be a member of class B. To make it less abstract, an illustration of categorization that is far from mutually exclusive:

- Grouping of men and women according to his or her colour of clothing worn, as men and women can wear garments with diverse colours, and the rest can put on these kinds of colours as well.

- Grouping of people in accordance to their particular pastimes, since men and women can have multiple pastimes and a pair of individuals can do the same pastime.

- Grouping companies according to their goods, as they can sell numerous products at the same period.

You get the picture, I think. So mutually exclusive categories are, for example: age, sexual category, nationality (often, at least). We all got the ME- part, how about the other 2 letters?

Collectively Exhaustive

In addition to being mutually exclusive, the classes you select should also be collectively exhaustive: all options/all information must be incorporated in the classes you select. This way you can be sure that there’s absolutely nothing you missed in your investigation. For instance, the decision of a company to acquire a rival could be based on both financial and non-financial elements. These factors should then be broken down into new elements that also are also (ME)CE. An additional example is the profitability framework: it’s collectively exhaustive, as profit can be broken down into revenues and costs. No other factors have an impact on profit.

In addition, the profitability framework is also mutually exclusive, as revenues can in no way be costs and vice versa. These factors can also be broken down into new MECE-elements. Revenues can be broken down into numbers of product sales and the price: the revenue per sale.

Training

During your case interviews, you must make an effort to be as MECE as you can while structuring the case. Don’t get bogged down while striving for perfection though, as you’ll only have limited time. But how to make sure you get it right the very first time? As with the majority of things: practice makes perfect. Use the pyramid principle and MECE-thinking in real life: when deciding on a vacation location, while selecting between evening meal possibilities or when picking a new car.

You don't must go through the complete framework every time, as well as calculate every thing. Just create the initial structure and try to polish it once or twice in your mind. You can also sit down and write all of it down: a far better way to exercise as you can see your refinements. Since you train this during case interview training also, you might also utilize ‘standard’ case interview preparation.

Much more information on case interviews and the pyramid principle in a brand new article later this week. Also check out my e-book and the official Pyramid Principle book by Minto.

[caseinterview-blog]

MECE

Before I’ll clarify the Minto Principle, I’ll look into the expression MECE (pronunciation: me see) together with you, since it’s an essential phrase in the Minto Principle, case interviews and consulting in general. MECE is short for ‘Mutually Exclusive, Collectively Exhaustive’ and is the consulting way of representing complex details in an simple method. Let’s look at both of these parts on their own.

Mutually Exclusive

If you are categorizing information, the MECE-principle dictates that the types need to be mutually exclusive. It means that it must certainly not be possible for a member of group A to be a representative of group B. To make it less abstract, an example of classification that is not mutually exclusive:

- Grouping of individuals in accordance to their particular color of outfits worn, as men and women can wear clothing with diverse colors, and the rest can wear these colors as well.

- Grouping of individuals in accordance to their particular hobbies, since individuals can have multiple pastimes and several individuals can do the same hobby.

- Grouping businesses according to their goods, as they can sell numerous products at the same time.

You get the picture, I suppose. So mutually exclusive categories are, for example: age, sex, nationality (often, at least). We all got the ME- element, how about the additional 2 letters?

Collectively Exhaustive

In addition to being mutually exclusive, the classes you pick need to also be collectively exhaustive: all options/all information ought to be included in the classes you select. This way you can be positive that there’s absolutely nothing you have missed in your analysis. For example, the choice of a company to purchase a competitor may be based on both financial and non-financial factors. These factors should then be broken down into new aspects that also are also (ME)CE. Yet another example is the profitability framework: it’s collectively exhaustive, as profit can be broken down into revenues and costs. No other factors influence profit.

Moreover, the profitability framework is also mutually exclusive, as revenues can in no way be costs and the opposite way round. These factors can also be broken down into new MECE-factors. Revenues can be broken down into numbers of sales and the price: the revenue per sale.

Training

In the course of your case interviews, you should make an effort to be as MECE as possible while structuring the case. Don’t get bogged down while aiming for flawlessness however, as you’ll only have minimal time. But how to make sure you get it spot on the first time? As with nearly all things: practice makes perfect. Implement the pyramid principle and MECE-thinking in every day life: when selecting a vacation location, while picking between dinner possibilities or when choosing a new vehicle.

You do not need to go through the entire structure each and every time, nor calculate everything. Only build the initial framework and try to refine it once or twice in your head. You can also sit down and write all of it down: a much better way to practice as you can see the refinements. Since you train this during case interview practice also, you could also use ‘standard’ case interview training.

A lot more details on case interviews and the pyramid principle in a brand new post later on this week. Also check out my book and the official Pyramid Principle book by Minto.

[caseinterview-blog]

Want a job at McKinsey, BCG or Bain? Get ready for Case Interviews!

An introduction to case interviews: the selection method of strategy consultants. If you need to join McKinsey or any other management consulting firm, you will face very challenging selection criteria. Indeed, your resume will certainly be put through investigation, but you should have to do case interviews. The specifics of the best consulting resume are too much for this article, in which we focus on case interviews. However, we will summarize what key areas are important for the better consulting resume. Within your resume, you should display expertise in a few key areas: leadership, analytical and intellectual skills and teamwork. In addition to that, need to achieved some interesting things which set you apart from the rest of the candidates. So much for your resume, now on to the interview itself. An introduction to Case Interviews Many individuals who aspire to be strategy consultants don't know what case interviews are. They may be actually very surprised once they encounter them throughout the selection process. Why are these (often) excellent applicants so badly readied for case interviews? Because case interviews are way more difficult than you may think. Should you have never done a case interview, you ll certainly underestimate the issue. Case interviews are there to test your capabilities, and they'll push everyone to the limit. People who work at a IT consultancy are usually very bright males and females. They expect anyone to function as the same, and the case interview is there to assess it. You could be wondering, what exactly is it for a interview method? What you can expect Once you pass the CV selection, you will end up invited into a one on one conversation which has a consultant of the firm. They will ask some questions of your background and quickly check your resume. Then, it’s onto the case itself. You can be asked anything, as the interviewer will ask something from his own experience. Because consultants perform large amount of different things, the questions you can receive vary from the amount of caravans sold in Los Angeles every day to the number of security camera’s bought each year by the airports of China. Expect questions like these get ready for them! There exist more types however. The preceding questions concentrate on numbers and estimation, other varieties could focus on business situations. For example: Firm B likes to ally with Business Z. What are the synergies and what would you advice the Central Executive Officer of the Business? You could possibly expect any situation, from mergers to product launches. Just like the above questions, they're challenging. Case Interview Preparation Now you really know what to anticipate, but how do you prepare? The ideal preparation is starting early and practice partner. But if you really need to shine, you would like professional guidance. We can help you obtain the job you’ve always wanted, so visit our web shop! Good luck with your case interviews!

[caseinterview-blog]

Want a job at a high end consulting firm? This is the best resource for case interview information!

[caseinterviews-blog]

Why you need to dust off some calculus skills for case interviews!

What is the last time you have calculated anything more difficult than 2 + 2 = 4 without using a calculator, a spreadsheet or your mobile phone? Yes, only pen and paper allowed, but without using any 'tools' is even better. Probably the last time was elementary school. So now, while at the end or having completed your formal education, I urge you to retrain this long-lost skill. Why? If you are looking for a job in consulting, you will face case interviews: multiple rounds of job interviews with senior consultants or partners of the firm you’re applying to. But not just the normal type of job interview, where they ask you to list your best talents and worst failures. Case interviews are more than that. Yes, they’ll quickly run through your resume and ask about your leadership experience. But then it’s on to the important part: the business case. You can expect anything to be the subject of a business case and questions vary from the amount of replacement car tires sold yearly in the state of New York to the evaluation of a merger between two large pharmaceutical conglomerates. They are just as varied as the day-to-day work of a consultant. But just as real consultant work, they all require thorough analysis to solve. You need to ask the interviewer questions or make assumptions to gather data and then use that data to draw conclusions and give recommendations. All this data comes in two variations: qualitative and quantitative data. Examples of qualitative data are the reasons for Company XYZ to enter the Brazilian market, or the risk associated with the merger between Company A and Company B. But you will not get a case interview without quantitative data as well. You might need to calculate the total revenues of Company X, which sells two different products at different prices and volumes.  Or you have to estimate the total yearly market for garden hoses in the state of Florida: there is no avoiding calculation. And no, you will not have access to a computer with spreadsheet software, your mobile phone or even a pocket calculator during your case interview to calculate the answer to those questions. Why? The consultant wants you to do the calculations in your head or on paper. But then again, why? It’s a way to assess your quantitative skills: as a consultant, you will face so much data that it’s impossible to crank out the good old Casio every time. Also, you need a good grasp of whether numbers seem out of place: a gut feeling where the answers to the question are located in the heaps of data thrown at you daily. The case interview is a simulation of daily consulting practice, and thus you will get loads of data to sort through. Data that will often require calculation: in your head. So if you would like to apply to a job in consulting, you should start practicing your math right away. Good luck!