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Pass the Interview Video Training Series

Learn what it takes
to Pass the Case interview

3

Lessons

All

Skill Level

4:45m

Duration

English

Language

Overview

We have compiled all of the exclusive insights from our team of McKinsey, Bain, and BCG consulting interview experts to provide you with this free, 3-part training series, in which we will help you understand how to ace the case interview and get your management consulting offer.

What you will learn

Who is this for?

This video training series is for anyone who wants to land an offer in management consulting – whether you are an undergrad, Master’s student, MBA, PhD, or Experienced Hire. We will show you how you can pass the case interview even if you have no business background, zero casing experience, or only have a week to prepare.

If you have any questions or comments, we take the time to respond to every one, so feel free to use the comment box below.

Learning Path

Taught by Davis Nguyen, Former Bain Consultant and CEO of My Consulting Offer Learn case methods used by clients with less than a week to prepare and who landed offers at McKinsey, Bain, BCG, and other firms. You’ll learn:
  • How to practice, what to practice & who to practice with;
  • The 5-step process on how to structure a case; and
  • What the “5Rs Framework” is & how to effectively use it.

Taught by Dan Debicella, Former McKinsey Engagement Manager, Head Case Interview Coach at My Consulting Offer

Distinguish yourself from other case interview candidates with Bain, BCG, McKinsey and other top consulting firms this year.

You’ll learn:

  • How a former McKinsey interviewer and Chief Strategy Officer approaches the case interview;
  • How to enter a case interview without feeling nervous and what to do when you feel “stuck”; and
  • The difference between an “average”, a “good candidate”, and an “exceptional” candidate.

Taught by Dan Debicella, Former McKinsey Engagement Manager, Head Case Interview Coach at My Consulting Offer

Build rapport with your interviewer quickly and help them see you as a good cultural fit with the firm.

You’ll learn:

  • How important is the fit interview in deciding if you get an offer and how you are evaluated on the fit;
  • What is the difference between an “average”, “good”, and “exceptional” answer;
  • How to turn your fit stories into unforgettable conversations with your interviewer.

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6 thoughts on “Free Training Series: Pass The Interview”

  1. Hi,

    In Lesson 1, where we are trying to decide whether or not the CEO must dive into developing BUD-19 vaccine, the approach to calculate profit seems inappropriate. The way it should be;

    Expected profit = (200B-400MM)*P(successfully develop vaccine) + (-400MM)*[1-P(successfully develop vaccine)]
    =200B*P(successfully develop vaccine) – 400MM
    =200B*0.005 – 400MM
    =600MM

    How about this?

    Basically what I think is using the probability to clear each phase of FDA should not be considered in calculating expected cost.

    Let me know if I’m thinking correctly.

    Reply
    • Hi Atul,

      Davis jumping in here.

      Great question and a common one for this case.

      The short answer is that in most cases you will be able to do the calculation you proposed so it is great you already see this pattern; for this particular case, it is testing conditional probability since it is like flipping 3 coins (with different probabilities of say getting heads and each time you play you have to bet a fee but if you lose you don’t need to continue) so you aren’t guaranteed to “always” take on the cost of all three phases so you have to add the probability into place for each coin flip.

      Let me know if that clears it up for you for this particular case which involved 3 stages of costs vs a single pay once and you know what the result is which is the tricky part of this case)

      Reply
  2. I have to prepare for Deloitte online assessment for the job role of Assistant Manager Audit Assurance. On the first level they have situational judgement test and personality test. Situational judgement test comes out of Deloitte ethics norms. They are giving different case studies and asking for best and worst answer.
    I need to prepare and practice for it.
    Kindly guide me on this. Waiting for your prompt reply.

    Warm Regards,
    Ali Chaudhry, ACCA

    Reply
  3. Hi,

    As applied to your Bud-19 case study: Isn’t it a little over-simplistic to take variable probabilities for revenue only in your recommendation? For example, the prompt said that if they are not successful, the company will go under. As demonstrated by the FDA approval data example, they only have a 5% chance of success. Furthermore, for the 200B payout they only have a 10% chance of being first. Therefore, you are recommending they proceed on something that is only 0.5% likely to occur, and is 99.5% likely to sink the company. I see variable chance as a downplay to this recommendation more likely than not ruining the company.

    Shouldn’t we be factoring in other data? What are revenues if the vaccine gets to market second, could they have a market share there?

    Thanks

    Mark

    Reply
    • Hey, Mark, great question!

      This is how I’d think about that. Most pharma companies are in the process of developing a lot of drugs as well as selling the drugs they have already developed and that have been approved. So, you could think about this vaccine as being one of a hundred that are currently under development. Of course, the company wants all their drugs to be successful, but they know that’s not going to be the case. But they do the work anyway because if 5% of their drugs are successful, they are so profitable that they will pay for the costs of the failed drugs and still leave them quite profitable.

      Now, say that the drug company is a small entrepreneurial company. In this case, they would develop the vaccine and take it through the first stage of approval. Then, they might sell their intellectual property to a major pharma company who would fund the next 2 stages of research and own the final drug. The reason that the expected profitability calculations are still important, is because these are the same calculations that the pharma company will do when they are considering buying the company (though at this point the phase 1 costs will be sunk and they will be focused on the cost of buying the entrepreneurial company and the expected revenue and costs through stage 2 and 3 trials). But the approach to the problem would be the same: expected revenue – expected cost.

      Another consideration is that in a case, you have 15-20 minutes to understand the problem, structure your approach, do the analysis, and make your recommendation. So looking at this from the perspective of expected value is the most straightforward way of showing that you know how to do the calculations in this case. Of course you can say, “Of course, this assumes the company has the financial strength to take this risk. If not, they’ll need to team up with a major pharma company.”

      On your point about being second to market, sure there is value in that. If you complete the first set of calculations and have time remaining, go for it! But the point is that your interviewer already knows what happened in the real-world version of this case. What they are looking for is your ability to structure your thinking, do the calculations, and pull together your answer. The expected value of being first to market will show you can handle case study analysis.

      Hope this helps!

      Best of luck with your case interview prep!

      Reply

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