• What is a case interview? The Case Interview • What specific skills does it assess? • How to prepare for a case interview? • An interactive example.
What is a “Case Interview” anyway?
The Case Interview Simulation of a business problem. Similar to what our associates encounter every day. Series of open-ended questions. They’re designed to stimulate your conceptual, quantitative, analytical and – most importantly – creative abilities.
The Case Interview
There are several types of cases. Each is designed to assess different skills.
Classic Case The Case Interview
• Should an organization add capacity? • How should an organization react to a new competitor? • Should an organization enter/exit a new/old market?
Measures
• Your broad functional skills • Your big-picture perspective • Your comfort with detail and analysis
Special Case The Case Interview
• Why are manhole covers round? • What’s the estimated weight of a Boeing 747? • What will interest rates do next?
Measures
• Your comfort with ambiguous challenges • Your level of creativity
The Case Interview
What are we looking for?
• Logical skills • Analytical/reasoning skills • Conceptual problem-solving abilities • Critical path thinking • Flexibility
What do we mean by………..
The Case Interview
Problem-solving ability? Can you identify the key issues of the case while accurately and methodically reaching the solution? Critical path thinking? Can you use the clues that build on each other while staying on track and focusing on what’s relevant? Flexibility? . Can you adapt your answers to a changing situation?
The Case Interview
What do you need to bring?
Your logical business sense The Case Interview
• How do decreasing marginal costs affect profitability? • What effect will fixed costs have on the result?
Your mathematical aptitude
From basic mathematics to…. • Algebra • Probability • Weighted averages • Unit conversion
Your