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Ultimate Guide to CRACKING Case Interviews | Case Interview Prep 2023-24 | Consulting Interview



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The case Interview guide is often too difficult to follow. There are a lot of frameworks that no longer apply to the format of the questions asked in actual case interviews for consulting. MBB Consulting firms have changed the way they ask case interview questions. Because of this, case interview preparation also must change. In this video, I gave a guide to case interviews for beginners aiming for Mckinsey, BCG, and Bain. Case interview prep can no longer be all about frameworks. Case Interview frameworks don’t help in case interview consulting anymore.

First of all, let’s look at the format of case interviews. A typical case interview is about 20-30 minutes long. In the first 5 minutes, you may get a problem to solve. Management consultants solve different types of business cases. These include Case interview profitability, case interview investment, and so on. In the first 5 minutes, you may get a problem like this - Swiggy delivery agents are late delivering orders in a particular city. There can be many reasons for this - maybe the roads are crammed during rush hours, maybe the time calculated on the app is only up to the gate of society and not calculating the time it’d take for the delivery executive to get in, and so on. There can be many possibilities for this. But the most imp part is for you to break down this problem into small chunks.

Once broken down, you’d need data to analyze the problem. You need to ask for specific data and analyze it to get to the root of the problem. This makes this type of case a root cause problem, other cases include M&A problems, investment, market-entry, profitability, growth case, and so on. You may think of using frameworks from case books to solve this kind of problem but that is not going to work. Because most companies today come up with problems that cannot be solved with pre-existing frameworks. So, in order to solve these problems you need to be very good at solving cases.

How can you get better at solving cases? You can read articles to understand how authors break down a given problem. McKinsey Quarterly is a great resource for that. You can also work on real-life problems. Take up a real-life problem and try to break it down into as many pieces as you can. You can also go and solve cases uploaded by McKinsey, BGC, Bain, and similar consulting firms. But everything depends on how you dissect the problem in the first 5 minutes. This skill will not only help you crack a consulting interview but it will also help you make good points in front of your frim’s CEO and give good recommendations to them.

Lastly, I have shared a link to a video about how to analyze data in consulting interviews and also 5 sentences that you should say in any consulting interview to impress the panel. These should help you with the last 2 parts of the consulting case interview prep. Please go through the summary to understand all these points again and start implementing them today. Hope you find this video helpful.

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Chapters

0:00 - Intro
1:12 - Format of Case Interviews
1:53 - Types of Case Interviews
2:41 - Frameworks don’t work
3:14 - Solving Swiggy Problem
4:28 - Reading Articles
5:24 - Working on real-life problems
6”27 - Going and solving cases
7:43 - Analyzing data & Recommendations
8:27 - Summary
9:29 - Outro
Category
Management
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