CASE INTERVIEW WORKSHOP The Boston Consulting Group AGENDA Some questions you might have: • What are case interviews? • Why are they given? • What.
Download ReportTranscript CASE INTERVIEW WORKSHOP The Boston Consulting Group AGENDA Some questions you might have: • What are case interviews? • Why are they given? • What.
CASE INTERVIEW WORKSHOP The Boston Consulting Group AGENDA Some questions you might have: • What are case interviews? • Why are they given? • What do companies look for? How do I prepare for these things? Examples: Real case interviews Case Interview Workshop2005 (3).ppt WHAT ARE CASE INTERVIEWS? Two Main Types Brain teaser (unusual at BCG) • • • How many pencils are sold annually in the United States? How many dogs are there in California? What are the chances of rolling double sixes three times in a row? Business problem (BCG norm) • • Case Interview Workshop2005 (3).ppt A pharmaceutical company is trying to decide whether to manufacture its drugs in house or outsource; how would you help? The company that owns Vail mountain has seen a decline in revenues over the past five years; what should it think about? WHY ARE CASE INTERVIEWS GIVEN? To Test Two Things How much will you like consulting? Expose candidates to case situations and the kind of work consultants do How much will consulting like you? Give firm a sense of how you might approach a case situation Firms generally do not expect an extensive business background • Most companies try to give cases that do not require business experience or knowledge of business jargon Case Interview Workshop2005 (3).ppt WHAT DO COMPANIES LOOK FOR? Not “The Answer” Creativity Poise Analytics Apply a unique perspective to business situations Appear excited by the kinds of issues consultants face Provide structure to unstructured problems See the big picture Are not intimidated by process or problems Break problems into components Assimilate information quickly and effectively Apply transparent, logical thinking to each component Draw conclusions from partial information • Make assumptions, see patterns, and generate hypotheses Case Interview Workshop2005 (3).ppt Ask insightful questions Synthesize discussion into solution HOW DO I PREPARE? No Magical Formula Prepare mentally • • View the interview as an opportunity, not a hurdle Remember, most questions have no “right answer” Practice • • With classmates, friends who interviewed last year, and people at your school’s career services Look on the web for firm-provided practice questions (bcg.com) Read, read, read… and think • • Case Interview Workshop2005 (3).ppt Wall Street Journal New York Times business section A FEW SUGGESTIONS Bring notebook and pen • Jot down high level thoughts • Ensure you remember good ideas Feel free to state what seems obvious to you • Explain why a question is important to the argument • Take interviewer along for the ride Get comfortable not relying on a calculator for basic arithmetic Treat it as a two-way learning opportunity Case Interview Workshop2005 (3).ppt