Could anyone share their prep journey from start to offer?
Okay I'm starting to get a little desperate here and thinking consulting may not be the right place for me. It's been about 2 months since I started prepping but I still seem pretty clueless. I read 3 case books, but still cant exactly get a framework to solve some on my own. It's always either too stretched or not enough. I feel lost and just don't know how to aggregate things the right way in preparation.
Could anyone here share their journey from preparation into the offer? I could really use that to fill in the gaps in my prep...
There is no perfect framework in case prep. Think about it - once you’re in the job, no client problem is going to be the same, so there’s no way you’ll find the single holy grail framework that has every element you need to devise the solution. Instead, think of them as guides to structuring your approach to the practice cases - what are the discrete buckets you can section the problem out into? When we are interviewing you, that’s what we are evaluating you on - not, “have they picked the right framework for the exam question?” Good luck!
The link below details how I prepped after I received my interview invites. Prior to that I had read a lot about consulting and case interviews but never practiced.
Be mindful that no single "framework" can be both comprehensive and specific. You need to develop your business acumen by reading more about business issues. Also, you need to focus on what the interviewer is saying, very intently, not just while thinking how you can somehow force fit it into a given framework. Case in point, in one of my MBB R1s I had a case about emissions reductions. All you needed to do there was thinking "Where do we generate the most?", "What are our levers?", "What's our timeframe / target?". If you just barrel down with a profitability / business situation / 3 or 5 Cs canned framework, you'd just be hitting a wall pretty fast.
Link
Sounds good but really how do I get people, current consultants at the manager/PL level, to do interviews with me solely from the kindness of their hearts?
I've had a few calls over the past month, and didn't even ask for a referral. How did you do it?
Also, there was a consultant at my target MBB who told me to get a prep program called "look over my shoulder" by Victor Cheng. Do you know anything about this one?
Sorry for all the questions... :/
Hi there,
No worries, I understand this can be tough and stressful.
Some good answers here already. To offer another perspective, below is my case prep journey from start to MBB offer. I'll preface this by noting that I was a non-business major and had zero casing experience at the start of this process, so some portions of this might be overkill for a business student. This could conceivably fit any timeline longer than 3 weeks, but IMO 6-8 weeks would be ideal. By the time I hit my final rounds, I had given roughly 40 cases and received the same.
1. Read Case In Point
2. Begin Live Practice
3. Read Case Interview Secrets
4. Live Practice with Better Cases
5. LOMS (Look Over My Shoulder)
6. Case with New People
Final Notes:
Great insights! Can I ask you some more questions about making it to MBB from Tier 2?
I recruited out of undergrad so can’t speak much on the T2 -> MBB path. But, generally seems that it is possible but usually requires a lot of networking + in-demand experience/skills. Will be harder to get an offer as an experienced hire because this hiring channel has been slowed due to marco environment. Happy to try to answer any specific questions you have as well.
Wow! Thanks for the input!
Could you recommend a good source of cases? I have case books from top schools, about 15 of them but that's all. Any ideas about good case sources?
Here are two that I loved when prepping. They break cases down by firm style, difficulty (R1 vs. R2), industry, etc. and also have good answers to reference. The industry overviews in casebook 2 are helpful as well. I personally gave/received every case in both of these before finding a new casebook. These will last you a while, but NYU Stern and UMich Ross are two others I used once I burned through these. Be sure to prioritize newer casebooks over older ones because cases have gotten more standardized/lengthy recently (i.e. don't do your prepping with the HBS 2004 casebook). Hope these are helpful and happy to answer any other questions you might have.
Casebook 1
Casebook 2
Thank you for your thought-out answer. I want to start case prepping for undergrad recruiting for MBB. However, I go to a top 45 Business school and I know MBB targets top elite schools. Do you mind answering with your honest opinion on how much of a disadvantage the type of school you go to affects recruitment?
It’s a disadvantage for sure but it won’t kill you. My best advice is to keep GPA high, include test scores on your resume if they are strong, hold leadership positions in extracurriculars, and network heavily in your desired office(s). Internships with brand-name employers go a long way too.
Moreover, if you isolate a specific office for each MBB and network heavily within it, you can likely differentiate yourself enough to get through the resume screen and get an interview. From there, all that (generally) matters is interview performance.
Also, I wouldn’t treat consulting as MBB or bust. If you really want to be a consultant, you should be content with working at a T2 or Big 4 firm if things don’t work out perfectly. If this turns you off, then my advice would be to look at banking, as banks are generally more open to taking non-targets and there are comparatively more seats at “elite” firms (3 in consulting vs. probably 20 banks).
(Received offers at MBB but ended up going into IB for separate reasons) There are much better recommendations above than I could give on actually preparing for cases, but here are two other things that I think helped nonetheless:
1) Once you've gotten to a stage where you can do mental math comfortably and case well, take time to practice your public speaking beyond your ability to memorize frameworks. As in, don't sound robotic when going step by step, and don't rush talking through math even if it is simple. I found that rounds where I spoke as normally as possible, even if my thought processes wandered at times, went smoother than rounds where I was spot on with going step by step, but sounded (in hindsight) as if I was reading off a script. Maybe this was a byproduct of my interviewers but trying to talk as normally as possible also helped me calm down when in interview mode.
2) Casebooks are your friend, but so is everyday life. Take time to understand actual businesses and what makes them operate effectively. Read news articles about companies looking to start new revenue streams or that recently acquired competitors and see their reasonings for these decisions. Often these reasonings, worded particularly for business readers, are great foundations for your own practice and eventual summary of cases that you run. The opposite of these could also be "risks" that you tell your interviewer could be useful to look into going forward after the case is over.
I used leadthecase and it helped me understand better how to think of business cases. It is a platform that simulates a real interview experience - definitely better than a book with only theory and little practice...
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