Consulting Math: Simple calculations with short texts.
Consulting Math Simple calculations with short texts These are examples of simple calculations with short texts within business contexts. 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!
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.
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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.
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!
Case interviews are most often used by consulting firms, as well as some financial firms. This is because there is no single profile for consultants (or bankers). The cases test basic business sense, analytical ability, and the problem-solving capabilities essential to these types of jobs.
Case interview topics Several self-proclaimed consulting gurus have made fortunes out of creating notionally comprehensive lists of a dozen or so case types and then selling a ready-made recipes for each - apparently able to solve all instance of each case type. All business problems can be reduced to one of these case types and each type of case can be solved by using generic frameworks.
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.
Consulting Case Study The case study is the key test in the recruitment process of a consultant, but it’s not the only one. A look at this page from BCG, on the case studies, provides an understanding of the scope of such an exercise, which is not limited to interviews in consulting firms, as many other companies use cases to select their candidates.
Apply these shortcuts to impress your interviewer with outstanding mental math skills. The best way to prepare for the quantitative portion of case interviews is to practice the types of calculations you will need to perform with numbers representative of actual Case Numbers and to be familiar with the types of problems you are most likely to encounter and how to solve them.
These case studies are the main and usually the longest part of consulting interviews. During the 20 to 40-minute case interview, you will be confronted with a business problem that is often drawn from one of the interviewer’s real-life engagements. Below is a schematic showing a typical process for a consulting interview after resume screening.
How to Crack the Consulting Case Interview 4.1 (422 ratings) Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
Practice the case studies. Prepare with a friend. Then take a nice long run, meditate, or do anything that helps you feel calm, confident, and collected. If you feel nervous, remember: we think you have what it takes to join McKinsey. And we’re looking forward to meeting you.
