Work with classmates and friends to run through fit and case interview questions and come prepared with relevant answers to questions you’re likely to encounter. That gives you a leg up when decisions are being made.Â. Do not hold back mentioning other equivalent or more highly regarded firms that you are interviewing at, as this does make you more appealing to the interviewer. People pursuing consulting careers get very anxious about case study interviews. How did you enjoy this experience and what did you learn?â). What is the average hourly wage for a salary of $80,000? Much better would be to use an example where you were unsure at first whether X was the right course of action, but upon further contemplation, decided that it wasâand then did X to the best of your ability. Why do you want to work in this industry? The market for Californian wine in China has been growing at a rate 12% per year over the past 5 years and is now $635 million. This question very frequently has follow-ups, so be flexible. But this is an opportunity for you to highlight. Why are you interested in management consulting? What is the cost of a 21 mile trip? R – Result – What were the results of your action? However, make sure that these areas for improvement do not include core Consulting skills! For example: When it comes to determining prices, there are three basic ways to frame your approach. Every time I was rejected, Iâd ask for feedback and use it on my next application. Approximately 15% of applicants to Columbia Business School were accepted out of the 6,700 applicants for the 2011 class. Here is an example of how Davis Nguyen, our founder, answered one of his behavioral interview questions with Bain and McKinsey.Â, A – Answer – I was rejected by close to 200 scholarships but kept applying and eventually won full scholarships to Harvard and Yale.Â. 15 Toughest Interview Questions and Answers! Ideally, youâll select something that can lead to an interesting discussion about a recent experience (for example if you enjoy surfing, you might have recently been surfing for a weekend with friends, and you can provide details about the trip, what the waves were like, how the experience made you feel, why you enjoy it so much, etc.). He increases the price to $6 per dozen and sells 40 dozen. Note that this is a silly question for them to ask, since you will need to change your answer to this question for every firm you interview with, but it is part of the game, and if you want to succeed, you will have to play along convincingly. Follow-up questions are likely, so be sure to have good insights into the Company and also into the CEO that you select. Personality 2. The population of London is 7.7 million people. If possible, talk about one or two specifics of Management Consulting and how this field appeals to you in this wayâparticularly within the context of achieving your long-term goals. Try to decide, based on the follow-up questions and prompts, which of these information sources would be useful. Huy, an in-house Strategy Consultant at a major retail chain, was asked to determine what percentage of female visitors to its stores made a purchase. What to look for in an answer: Thanks for turning to My Consulting Offer for advice on case study interview prep. For this reason, we think a book on an industry that you are interested in generally prompts good discussion. For this question, in a Management Consulting interview, there is no grey area in your response to this question. 203. Interview questions and answer examples and any other content may be used else where on the site. This shows you are doing real homework about the firm and are therefore a serious job candidate. • Think about your reasons for leaving before your interview and stick to one response …don’t change answers during the interview! Coca-Cola has an estimated 42% market share while Dr Pepper Snapple has an estimated 16.7% market share in the U.S. carbonated soft drinks market. By approximately what percent did the population increase? Assuming 9 directors per company, how many female directors sit on boards of Fortune 100 companies? 75 interview questions and answers VII. This can also lead to an in-depth industry discussion, so if possible, try to be aware of the basic information about the industry: market size, growth rate, competitors, revenue and expense drivers, barriers to entry, core products, customers/clients, industry trends, regulatory issues, etc. During a case interview, an interviewer presents a situation or case and then asks the applicant to explore the If a liter of cola syrup, when mixed with water, produces 15 liters of cola, how much is the cost of producing a liter of cola? On Types of Questions Consulting Firms Ask, we defined the behavioral or fit interview. An Air France flight from Boston to Paris on a Boeing 777-200 has 262 seats. A shoe store offers a 50% discount if a customer purchases a second pair of shoes. DONâT let the question stress you out and throw off the rest of your interview. How many clients did the salon have last week? The reason is that you want to show that you are a leader and a great team player, so when answering this question be cautious to use an example that does not suggest that you failed to âstep upââi.e., failed to live up to the expectations of those around you. Approximately what is the profit margin on Ksubi jeans? Our top 10 sales interview questions along with great sample answers you can model in your next interview. Again, the interviewer is trying to get to know your interests, skills, and ability to be articulate. Leadership 3. I applied to every scholarship I could find, including once called âwomen entering technology.âÂ. Assume that gasoline costs $2.70 per gallon. Go in knowing that your interviewer wants to find new consultants to work at his or her firm. That’s how? But if youâre ready to prep for consulting behavioral interviews, youâre in exactly the right place. A building contractor purchased 3000 Silica bricks and 2000 Alumina bricks. 1) Explain what is MongoDB? As promised, you can have this list of most common interview questions and answers as a PDF so that you can use it or share it as you like. Most Popular Last Month. If you are asked which has been your favorite class at school, be decisive and pick one, not two. Hereâs a path you might take: whether you studied math or liberal arts, you can say that you learned about Consulting while at school, whatever course of study you currently taking. If 0.0146 Euros = 1 Indian Rupee, approximately how many Euros is equivalent to 14,000 rupees? Firms want to recruit future leaders, and so a small part of the interview process will be around âshows signs of leadership.â These questions appear to be becoming less common, but they still occur. It also is a way of testing whether you have done your homework, in terms of learning the type of work a Consultant does and what the firm youâre interviewing with does. DONâT be humble about achievements (though credit the team where appropriate). Tell me about yourself. The sale price per BMX is $300. Although consulting interviews often involve several different types of questions, the key to doing well is always the same: practice. Stories are great because they stick in your interviewerâs mind even after a day of meeting a dozen candidates. 42 sales consultant interview questions and answers pdf 1. $200. A non-married couple each earns $95,000 and each pay 28% in federal taxes. Behavioral interview questions sound like the questions all sorts of companies ask. The leader makes the decision, but first seeks input from others. Far less important than the subject chosen is your ability to describe it in a cogent, thoughtful, and intersting way. DONâT arrive at the interview with no idea why consulting would be a better career for you than investment banking, consumer marketing, accounting or other careers. Preferably, you should be ready to briefly talk about one or two popular business books. S – Situation – Describe the situation. Use a personal example about how you came across Management Consulting and why it specifically appeals to you and your strengths. Approximately what percent of Brazilians live in Sao Paulo? They help the interviewing Consultants assess who you are as a person, and what your current skill set is. Approximately what is the equivalent in Euros of 1.1 million British pounds? If you end up discussing a particular industry, know basic information on the industry, like market size, growth rate, competitors, revenue and expense drivers, barriers to entry, core products, customers/clients, industry trends, regulatory issues, etc. Consulting interviews are a two-way street. Explain about your SQL Server DBA Experience? (Note that Valrhonaâs revenue would be $666 million if the market didnât grow; then, add 2%, which is $13.32 million.). 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