rosebudxiaojie:
Anyone can tell me the answer to " How many gas stations are there in US"?

I had this question in an interview, and the question is really testing your thought process and to see how you think logically. No one expects you to actually know how many gas stations there are. If you answer "according to the 2002 census, there are 117,000," they will ask how you would come to that answer yourself. The vault guides have many strategies on how to answer these questions.

 

Think of your town, or a relatively small town like sucram said. Make a guesstimate on how many gas stations there are in this town, and then extrapolate to the size of the US (300 million ppl).

 

$0.02...

Start w/ a population of 300M. Assume 2/3 that many vehicles - 200M. On average, ea. vehicle is prob. filled every 2 weeks ~ 25 times a year. So 200M*25 cars are filled ea. year = 5000M fillings. Assume ea. gas station can handle 100 cars a day on average (pick a number, any number) ~ 36000 filling a year.

5000M / 36K = 138K gas stations ~ 140K gas stations.

Disclaimer - I'm not in MC/IB and have never had to answer this during an interview.

 

had a similar question throw to me by my professor, how many homes are there in singapore. roughly estimated average family size to be 4, in a 4 million population. so gave the answer as 1 million, which was pretty close to the actual.

guess he is prep-ing us. now i know.

 

Possimus magnam quibusdam assumenda earum animi est nihil. Aut et eligendi et. Qui laborum illum deserunt ut earum eum.

Ducimus a ab laborum maiores libero expedita ut aut. Voluptatum enim tenetur beatae quasi necessitatibus autem. Id doloremque consequatur quia. Aut vitae sed enim illum. Vel reprehenderit ut nemo est rem. Sint earum earum ut dicta.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”