Consulting Math: Simple calculations with short texts.
However, consulting math is very different to academic math and you won't get far approaching problems the same way you would have done in school. In this article, we'll first look at what makes math so important for aspiring consultants and what makes consulting math different.
Feel nervous about your number-crunching math skills? Try to improve by practicing our Consulting Case Interview Fast Math Drills quiz. Note: No calculator is allowed during the quiz, and you may use a pencil and a piece of scratch paper. Try your best to answer all 10 questions in 10 minutes.
Case Interview Math is about analyzing data to help you create an informed recommendation to solve a case. You probably already know how to multiply, add, subtract, divide, and understand the concept of percentages. But, you need to understand what the math and the results mean.
Consulting companies like McKinsey sometimes demand candidates to take a multiple choice test. Usually it is not possible to complete all excercises of the test in the given time. Training your case math skills is a key factor to succeed in this kind of tests. Why are good math skills so important for your Case Interview.
The level of math required in a case interview is not computationally complicated. It consists of arithmetic that 11-year-old children typically know and often have mastered. It involves addition, subtraction, multiplication, and division. In consulting and case interviews, we do use percentages a fair amount to do comparisons and to represent.
All the Case Calculations take this into account, so Case Numbers and Case Calculations usually have certain characteristics you can use to simplify the calculations (if you are familiar with certain calculation methods). For example, Case Numbers are usually round numbers with only a few significant digits, such as 300,000 or 4,000,000.
Consulting Math Chart-based math drills. This is a sample of a practice chart-based math drills. You might want to go back to the Consulting Math overview article for more in-depth information on improving your quantitative capabilities for the McKinsey PST and Case Interviews!
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Essentially, interviewer-led case studies are large cases made up of lots of mini-cases. The method you have to follow is basically the same as in the standard (or candidate-led) cases; with the main difference simply being that, instead of solving one big case, you are solving several mini cases sequentially.
Working with your interviewer, you’ll analyze a case study and develop solutions to the client challenge it poses. The case will typically be based on a real BCG consulting project, giving you insight into what it’s like to work here. Often, there are no right or wrong answers; instead, we’re evaluating your thinking process, strategic.
Important formulas for case interview practice. Learn with flashcards, games, and more — for free.
Visit this article for a case study interview question with math consulting. This is the key element to soon become a master in math consulting!
The case-study on mathematics, as a tool, can allow students to apply the theoretical knowledge to solve practical problems, to promote their independent thinking, the ability to listen and take into account an alternative point of view, and to give their own reasons. With the help of this method, it is possible to create conditions in which.
