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CrackingtheCase:AConsultingInterviewPrimerPage1of3光华人向上的精神"FirmsAreTheretoHelpYouHYPERLINK"http://www.mbajungle.com/main.cfm?inc=inc_article.cfm&chid=3&schid=7&WT=30&artid=98001"ConsultingIndustryGuideRememberyourseventh-gradealgebrateacher’sthreefavoritewords?"Showyourwork."Atthetime,itseemedsilly:Whynotjustshowtherightanswer?Nowthatyou’reolderandwiser,however,youknowthatinmanycaseshowyougettotherightanswerismoreimportantthansimplyknowingtheansweritself.Thesamegoesforthecasequestionsthatconsultingrecruiterslobatyou.Consultingisademandingjobwithfew"correct"answers;thismethodofinterviewinggaugeshowwellyoumanagetheprocessofgettingtoananswerandhowyouperformundersimulatedclient-engagementconditions.

Wetalkedtoconsultant-huntersatseveralfirmstogleantheiradviceoncrackingthecaseinterview.Here'swhattherecruitersrevealed—andhowyoucanbestprepare.ﻫ

WhytheCaseInterview?ﻫCaseinterviewshavelongbeenusedbyrecruiterstoseeacandidate'sthoughtprocessesinmotion.Canyoudeconstructandanalyzecomplex,open-endedbusinessproblems?Doyoustaycalm,orwillyousweatbulletsunderpressureataclientsite?ﻫﻫAtthemostbasiclevel,acaseinterviewisaboutaskingtherightquestions,developingalogicalwayofworkingthroughtherelevantissues,andarrivingatarecommendation.Yourstructuremaybeapackagedframeworkoritmaybevariousframeworksstrungtogether;youmayevenchoosenottouseframeworksatall.What'simportantisthatyoudemonstratesomedefinedstructure.ﻫﻫ“Casestudiesareanimperfectscience,”concedesMichaelGibney,projectmanageratPricewaterhouseCoopers,“butareeasilyimplementableinthe30to45minuteswehaveforeachinterview.”Sincetheymeasureyouranalyticalskills,they'reanimprovementoversimple"fit"or"resumé"interviews.

ﻫInmostcaseinterviews,therecruitergivesyouanexampleofareal-lifeclientproblem.Sometypicalcategoriesinclude:光华人向上的精神"BrainGames:“HowmanytennisballsareintheUnitedStates?”OperationsImprovement:“Whyismyclient’sfactoryrunningbehind?”MarketSize:“Howbigistheglobalairconditionermarket?”Althougheachrequiresaslightlydifferentapproach,allaremeantmainlytoevaluatetheprocessyouuse,nottheansweryoucomeupwith.ﻫﻫPracticeMakesPerfectﻫYouabsolutely,positivelymustprepareinadvanceforcaseinterviews.“Itbecomesprettyclearprettyfastwhohas—andwhohasnot—practiced,”saysGibney.“Iknowthereisabasicsortofbusinessacumenthatmaynotbeabletobepracticed,butcandidatesmusthaveanunderstandableapproachtosolvingproblems.That’swhatourclientsdemandofus.Ifwecan’trelatesolutionstotheclient,it’saproblem.”

ﻫDon’tassumethatattendingacase-orientedbusinessschoolwillgiveyouanupperhand.JohnFlato,CapGeminiErnst&Young’snationaldirectorofuniversityrecruiting,saysthesecandidatesdon’tseemtodoanybetterorworsethancandidatesfromnon-caseschools.

ﻫStudydifferentkindsofcasequestions.Justbecauseyourbuddyinterviewedbeforeyouandgaveyouaheads-uponthequestionsdoesn’tmeanyouhavealegup.Recruitershavetonsofcasequestionsintheirrepertoire,andthechancesoftheirusingthesamequestionmultipletimesononecampusvisitareslimtonone.

光华人向上的精神ﻫGetaclassmateorfriendtorole-playtheinterviewwithyou,anduseanyresources(suchasacasebook)thatyourschool'sconsultingclubprovides.Themoremockcasesyousinkyourteethinto,themorelikelyyouaretoberelaxedandpoisedfortherealthing.Sometimesyoulearnmorebypresentingacasequestiontosomeonethanyoudowhensolvingthecaseyourself.

Deliberatelypickindustriesyou'renotfamiliarwithsoastotestyouranalyticalskills,notmemorizedfacts;forinstance,ifyourpre-B-schoolexperienceismostlyinmediaandentertainment,askyourcasebuddytoaskyouaboutsteelproductionormedicaldevicemarketing.Thatsaid,doconsiderbrushinguponthebasicsinseveralindustries—forinstance,knowtheproductdevelopmentcycleinpharmaceuticalresearch,andunderstandcurrenttrendsintechnology.(Formoreinformationonvariousfields,checkoutourHYPERLINK"http://www.mbajungle.com/main.cfm?inc=INC_TOCGeneric.cfm&listid=3&chid=3&schid=7&WT=37"industryguides.)Althougheachcaseisdifferent,withpracticeyouwillimproveyouranalyticalreasoningskillsandsolutionmethod.

ThinkThroughtheProcessﻫWhenitcomestostrategyorproductmarketingquestions,theinterviewerwilloftengiveyouonlythebarebonesofacaseandwillwaitforyoutorequestfurtherdetails:Howmanycompetitorsdoespanyhave?Whatarethemajorcostandrevenuedrivers?Whoarethemajorclients?Anddon'tforgettoaskforthefirm'smission—ifyoudon'tknowwhatacompany'sgoalsare,youmightcomeupwithavalid—butmisguided—solution.Usesomebasicframeworkstodriveyourquestions—thefourP'sandthethreeC's,forinstance.ﻫ

AsamplequestionGibneyusedrecentlyinvolvedamanufacturer/distributor/retailerofcomputerproducts.Thisclienthastraditionallygonedirectlytotheconsumerandhasdevelopedasolidbrandimage.Theclientnowwantsanassessmentastotheissuesrelatingtothecorebusiness,aswellastheopportunitiesforthecompanytogetintotheservicesside,whichitviewsasahigh-margin/high-growth-ratebusiness.Thecandidatenowneedstoprovideanapproachorevaluativeframeworkforanalyzingeachofthetwodifferentproblems.

ﻫAslongasit'spermitted,workyouranswersoutonpaper.Pencilsandpens,plusanotebookorlegalpadshouldbestandardequipmentinanyinterview.“It’samazinghowmanypeopleshowupwithoutapenandpaper,”marvelsKamennaRindova,aseniorassociateatMercerManagementConsulting.Thinkingthroughallthefactsisamust,and光华人向上的精神光华人向上的精神Page2of3[WebExclusive]Youdon'thavetobeSherlockHolmestoacethecasesinaconsulting-firminterview.Infact,alittlepreparationcanmakesolvingthemseem,well,elementary.HYPERLINK"javascript:openWindow('sidebars/sbpopup.cfm?artID=1691','yes',365,500,'no');"FirmsAreTheretoHelpYouHYPERLINK"http://www.mbajungle.com/main.cfm?inc=inc_article.cfm&chid=3&schid=7&WT=30&artid=98001"ConsultingIndustryGuideMaytheFiveForces(Not)BewithYouSomerecruitersareturnedoffwhenpotentialhiresdrawonapackagedanalyticalframework(suchasthefiveforces)tosolveaproblem.Others,however,areimpressed.Tobeonthesafeside,ifyouuseaframework,don’tstraytoofarfromtheissue.

ﻫEileenCoveney,vicepresidentatL.E.K.Consulting,warnscandidatesabouttheperilsofframeworks:“Whenpeopledependtoomuchonapre-establishedframework,theymaynotbethinkingdeeplyenoughabouttheproblemathand.Thismayindicatethatwhenpresentedwithanactualclientissue,theyarenotgoingtofocusonthedetailsandspecificsoftheclient’sproblem.Rather,theymaybeinclinedtojumpintoeasyandobvioussolutions.”ﻫ

Ifyoudouseone,choosewisely.Ifthecaseisaboutabusinessthat'sconsideringentryintoanindustry,Porter'sfiveforcesmayindeedbeyourbestbet.Ifyou'retalkingabouthowproductsgetfromsupplierstoendconsumers,considerthevaluechain.Companiesthatarefallingshortonsalescoulduseaprofitabilityorcostvs.revenueanalysis.Ifyou'remarketinganewpharmaceuticalproduct,thinkaboutthe4P'sandthe3C's.ﻫﻫ光华人向上的精神光华人向上的精神光华人向上的精神光华人向上的精神Page3of3[WebExclusive]Youdon'thavetobeSherlockHolmestoacethecasesinaconsulting-firminterview.Infact,alittlepreparationcanmakesolvingthemseem,well,elementary.HYPERLINK"javascript:openWindow('sidebars/sbpopup.cfm?artID=1691','yes',365,500,'no');"FirmsAreTheretoHelpYouHYPERLINK"http://www.mbaju/main.cfm?inc=inc_article.cfm&chid=3&schid=7&WT=30&artid=98001"ConsultingIndustryGuideReadyforsomecompany-specificadvice?Here'swhatfiverecruiterstoldusaboutinterviewingattheirfirms.

ﻫRecruiterNo.1:EileenCoveney,vicepresident,L.E.K.Consulting

TheQuestions:ﻫTestingacandidate'sskillacrossarangeofareasistheprimaryreasonL.E.K.useserviews.Coveneyindicatesthatthecaseinterviewsaremeantto(1)assessacandidate’sanalyticalability,(2)evaluateacandidate'scommunicationskillsandlogicflow,(3)understandhowacandidaterespondstoredirection,and(4)testhis/heroverallfitwiththefirm.MostquestionsL.E.K.recruitersaskcenteraroundstrategicgrowthopportunitiesforpotentialclients.

WordsofWisdom:ﻫCoveneypointsoutthatshedoesn’thaveapreferenceregardinghowacandidateinitiallyreactstothecaseinterviewquestion.“Somepeopletakesometimetoformulatetheirthoughts,otherpeopleaskafewquestions,andotherpeoplejumprightin,”Coveneysays.“Relaxandtakeyourtime,focusonthespecificissuesofthecase,rememberthereisnoonerightanswertothecase,anddon’tusetoomanyframeworks.Don’tthrowinthekitchensink,likePorter’sfiveforces,etc.Justbeconfident,andrelax—itwillreallyhelpwiththeinterview.”

ﻫRecruiterNo.2:KamennaRindova,seniorassociate,MercerManagementConsultingﻫﻫTheQuestions:

MMCasksmostcandidatesone-on-onequestionsanddoesn’toftendogroupexercises.Reflectingthefirm’sfocus,mostquestionsdealwithstrategyissues,withoccasionalmarketsizingquestionsthrownin.ThepurposeoftheinterviewforMMCistoseethecandidate'sabilitytostructureandthinkthroughaproblemastheywouldonthejob.

WordsofWisdom:ﻫRindovasayspracticeandfamiliaritywithcasesisessential,andstressesthataninterviewcangosouthifthecandidatelosessightofthestructureheorsheisbuilding.Lastly,beatingaclearpathtoanyresponseismoreimportantthangettingitright.“Youcangive(arecruiter)awronganswer,butifyouthoughtoutloudthroughtheprocess,youcouldstillhaveastellarinterview,”Rindovaconcludes.

RecruiterNo.3:ScottBerney,headofU.S.recruitingoperations,MonitorGroup

ﻫTheQuestions:ﻫDeterminingaperson’sanalyticalskills,comfortwithmanipulatingnumbers,andabilitytointegratedifferentpiecesofdataisthepurposeofthecaseinterviewforMonitorGroup.Forthefirstroundofinterviews,casequestionsareusuallywrittenandaretwotothreepagesinlength.Inthefinalround,agroupeventisused.

WordsofWisdom:ﻫ“Mytakeonmostotherfirmsisthattheyputapremiumon[thecandidate’s]abilitytoaskquestionsintheinterview.Monitorcasesputapremiumonyourabilitytoanalyzedata,manipulatenumbers,integrate,eupwithananswerbasedonthedatayou’vebeengiven,”saysBerney.LikeL.E.K.’sCoveney,hedoesn’tliketoseecandidatesusetoomanyframeworkstosolveaproblem.

ﻫRecruiterNo.4:SeanHuurman,nationalrecruitingdirector,KPMGConsulting

ﻫTheQuestions:

“Thecasequestionhelpsgettoathinkingprocessandvariouscharacteristicsofacandidateyoudon’tnecessarilygetinanordinaryinterview,”saysHuurman.“Whenweusecases,wearereallyfocusingonthingsthattieintotheclient.”ThetypicalKPMGconsultanthunterwantstoknowhowacandidatecancommunicatewiththeteam,theirleadership,andtheclient.

Huurmanfavorsgroupinterviews,andknowsalotofcandidatescanbepreppedinadvance,buthenotesthatthere’s"noamountofcoaching"thatcanprepareyouforagroupproject.

光华人向上的精神

WordsofWisdom:ﻫ“Toomanypeoplejumprightintothecasestudyanddon’tputanythoughtintoit,”saysHuurman.“Iwanttheintervieweestothinkthingsthrough.”KPMGrecruitersarealwaystoldtoletthecandidatehavesometimetothinkthroughthecase,butHuurmanindicatesthatveryfewcandidatestakeadvantageofit.

Huurmanadmitsthatfewrecruiterswouldaskint

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