Is there any truth to this observation? Make sure you understand the general business environment that the company is operating in (competitors, risks, potential strategy moving forward, international expansion opportunities etc. I'm still processing what happened and trying to work out whether I'm shit and how to regain my confidence. tl;dr - ChatGPT gave me a practice case study. Case Interview Question #01371: The 2022 Winter Olympic Games is an international winter multi-sport event that is scheduled to take place from February 4, 2022 to February 20, 2022, in It’s both behavioral and case interview. This community was created to be a space for discussion about economic consulting roles, companies, related skills, and economic litigation cases to know about for those who are interested in pursuing a career at the intersection of economics, business, and law. NERA. 5. Watch some consulting case interview videos to get a feel of it and if you want, have someone mock interview you. A good portion of the "analysis" will be organizing data, dealing with anomalies, and running commands for basic metrics that describe the data (mean, median, count, etc). I applied to Bain for a summer internship and I got an invite for a case interview for first rounds. Yes, you are expected to both listen and write down relevant case facts live, with only minor questions if you missed something key. Additionally, in the vast majority of real world consulting projects, you could not record conversations or meetings. Step 1: Read Case In Point. About me: -MBB Sr Mgr -Have interviewed 150+ candidates - mix of first round and decision round, undergrad / MBA / PhD / Lateral, summer intern and full time. Spent ~1. The cases I have worked through are always missing a key piece of data you need to formulate the correct response. After looking at interview summaries on glassdoor. I've done case presentations in front of previous managers and a panel of judges. Zorojuro97. Familiar-Half2517. I think econ consulting firms get a wider variety of cases than management consulting, which means that there isn't really a basic case interview formula. Welcome to r/EconomicConsulting **. Somebody already said this but it's important you practice or review case studies on YouTube. Basically doing enough to know your data in and out. Case Study Interview. Rest of corporate strategy group came from top 5 consulting firms and many from Ivy league schools. SAS can also use SQL commands to some extent (google "proc sql"). seeking information, opinions, or comparisons regarding firms. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Case Bank/Free Cases. EDIT: 10 years later I found out the new consultant married one of my friends. Long story short, have a 30 minute case interview with hiring manager in two days. I interviewed at FTI Consulting (Sydney) Interview. g. This forum helped me get this job (entry level) almost 2 years ago, so happy to answer any questions people might how to break into consulting or questions about the recruitment process. Keep an eye on your email or double check. I'm gearing this towards early career consultants as well as MBA and business school students. Hey, thanks for replying anyway. Hi all, I just got a call about a case study interview in 2 days for a commercial banking program. Unstructured could be just about anything. me: yes we are good at doing this kind of work. The phone interview went pretty well and it turns out I made final rounds at their office. This is a merit based interview technique, as long as you show that you're on a correct enough track to Nov 10, 2023 · Preparing for an economic consulting case interview requires a combination of knowledge, practice, and strategic thinking. 5 years in management consulting (big 4) and have since moved to economic consulting at one of the larger firms (NERA, Analysis Group, Cornerstone Research). Obviously, I am not a business major so I lack some knowledge in that area. Darden primarily gets DC office people. Hi r/consulting ! Currently, I'm finishing up a master's degree in Healthcare Administration (with a BA in Economics). Jul 23, 2023 · 12. Step 1b: Have a Consultant-Friend Give You Pointers / Watch Case Demos Online (thanks SpicyTunaPirate) Step 2: Practice Solo for a few cases. resume or cover letter or document reviews. I am applying for Big 4 Tech Consulting Full-time this upcoming fall recruiting season and I am looking for input from those who went through the process. Revenue breakdown or 5 forces framework type of case. Wow. Just be yourself and be confident about your answers. •. Some will give 1-2. If anything, I felt over-practiced by the end. Smooth process, relatively quick response times, overall a nice experience and work culture seems good. Does anyone have a take on this? I failed my case study interview and that's okay. Surface level knowledge is probably enough. Second these are being the best MBA case books. Last revised by elementninety3 9 years ago. Candidate-led case example with feedback (by IGotAnOffer) 14. It is basically a cheat cheat of the information found in the book "Case in Point". But, even if it is, consulting cases are more about how you think, problem solve, and present. Saying very thing out loud instead of thinking it is very important because it forces you to express everything coherently . I also interviewed many applicants for associate and analyst roles in Canada and how to break into consulting or questions about the recruitment process seeking information, opinions, or comparisons regarding firms resume or cover letter or document reviews networking advice fit or case interview advice comparing offers tips on starting a new job Basically: client: we have hired you to do some work for us. Lawrence Wu. Coming from industry & my background is not in business, so I have no Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. S. If you don't know the answer to the case study just show them your thought process. 3 weeks in the bare minimum. Had 45 minutes and I got flustered even though I knew exactly what to do. Learn an answer method for each case component. economic consulting case interview questions are often drawn from real-world scenarios that consulting firms have faced. Some of the most prominent firms in the industry are Analysis Group, Bates White, Brattle Group, Charles River Associates, Compass Lexecon, Cornerstone Research, Economists Inc. It is used to simulate the situation on-the-job and to find out if the respective candidate meets the necessary analytical and Agency V – Help a large federal agency recover from a front-page scandal that sparked investigations and congressional hearings. I have a consulting interview for a position at one of the big 4 accounting firms. AT Kearney Case Interview Examples. Consulting case interview . Brattle and AG seemed to send a somewhat-elevated amount to Sloan, a bunch of AG analysts exited to Yale SOM, and lots of Cornerstone analysts to Wharton. Resources for prepping: McKinsey Problem Solving Games, BCG Casey Chatbot, Pymetrics Test, Bain Aptitude test, McKinsey Case Interview, BCG Case Interview, Bain Case Interview, Personal Interview, Resume & Cover Letter Templates. Good luck. Familiarize yourself with their areas of expertise Jun 15, 2023 · The case interview is a key component of the selection process, and candidates should be prepared to tackle complex business problems within a limited timeframe. For economic consulting, the sophistication of the statistical analyses depends on your title and the case you're working on. Therefore, it is important that candidates have skills that translate into strategic thinking and quality work product. Interview questions [1] Question 1. Practice your case interviews (sounds like a market sizing and something strategy/story-based), your elevator pitch (3-5 min of who are you, why consulting, why this place, setting the tone of the interview) and come with some good questions to ask your interviewers (plan 3-4 per interviewer, different ones as they may compare). Hey! I'm I passed two short friendly informal interviews and got positive vibes, but both times lack of consulting experience came up. May 23, 2021 · Analyze if the merger will lead to less innovation and delay the development of new technology. how to break into consulting or questions about the recruitment process. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms B) Not from personal experience, obviously, since I have yet to matriculate. This is very last minute, but would anyone be interested in practicing some case studies for consulting case interviews via Skype tomorrow or the next day? I have an interview, but am coming from a non-business background (genetics) so don't have a lot of contacts to help with the case preparation. where the desired answers/insights are laid out for the interviewer to compare the candidate to. However, I want to be prepared as possible for the case study interview and was wondering if anyone had any resources that I can use to become familiar with different business concepts They can train you on any technology, but it’s hard to teach critical thinking and problem solving. The case interview is on Hirevue so I was wondering if anyone has done something like this on Hirevue before. industriallove. basic questions about consulting and consulting firms how to break into consulting or questions about the recruitment process seeking information, opinions, or comparisons regarding firms resume or cover letter or document reviews networking advice fit or case interview advice comparing offers Jun 11, 2024 · Application. Before the interview, thoroughly research the consulting firm you are applying to. Interviewer-led. First case interview for one of the big firms today - and only one in the pipeline. This interview format is also used pretty much universally across other high-end consultancies; including LEK, Kearney Consulting Firm: NERA Economic Consulting first round full time job interview. Crypto I have a case study interview for an associate level position coming up (in a healthcare data analytics role) What should I expect? I have never had an interview like this before. In all honesty, if you're a good The site is full of free and paid resources, including several newsletters, some video tutorials on how to solve case interviews (free) and the look over my shoulder program (paid), where he records people while making case interviews and comments on the different good and bad things they do. I believe they send an interview guide full of tips for interviewees and what to expect during your interview. Jul 24, 2013 · The big, major, national firms that do very high-profile work include Analysis Group, The Brattle Group, Charles River Associates, Compass Lexecon, Cornerstone Research, and NERA. Step 3: Practice with others. It's true that most people are recruited right out of undergrad, but econ consulting is a bit more open to post-grad hires compared to MBB, so it's worth a shot, especially if you have Hi, sophomore and econ major from non-target here with a 3. Federal Benefits Provider – Help a federal agency that provides benefits to millions of U. • 9 yr. My tip: spend your time now building leadership and For some consulting firms, there is a written case component which you then present to a partner/interviewer. The best prep is to find a few different case study scenario examples and work through them out loud. PrepLounge is mainly focused on Strategy Consulting, but possibly other platforms may have now resources for that. Before my interview, I never done a case study in my life and my interview was like a month ago. Nov 17, 2023 · The case interview questions for management consulting—economic consulting’s slightly more popular cousin—are much more well documented. Going down a bit on the prestige meter you have Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. By the end of this article, you will learn four different strategies on how to create unique and tailored frameworks for any case interview. Location is San Francisco. My fiancee is currently prepping for interviews, and I'm a graphic designer so I created it to help him study. I thought I had prepared well for this and knew how to break it down logically and provide a recommendation. I had to usher them out and tell the client they had a death in the family. comparing offers. ago. This. Start date is July 15, 2024. Industry Coverage: mass media & communications; sports, leisure & recreation. If you end up doing prep for 10 months, I am almost certain you will feel the same way. Breaking down into individual firms, I looked at BW, Cornerstone, AG, and a bit at Brattle and NERA. networking advice. Nov 17, 2023 · NERA Economic Consulting Website: www. NERA Economic Consulting Employees: 515. Berkeley case book (2006) Columbia case book it's over now, I kinda bombed. **. If you’re open to industry specific consulting (like healthcare or supply chain), and you worked in that field before, you might not need as much case prep. This might be my personal experience, but I found that econ consulting firms usually preferred to do full super-days of interviews, while traditional consulting firms did Most firms use SAS exclusively, so it's really not that hard to learn, compared to say, R. Case interviews - where you are asked to solve a business case study under scrutiny - are the core of the selection process right across McKinsey, Bain and BCG (the “MBB” firms). u/bathmlaster is right; it's important to be familiar with the overall style. Case Structuring Help. I have a case As soon as the interview began, we jumped into the case. Google Wharton Case Books or Kellogg Case books. • 10 yr. Capital One case interview examples. I had never done one before, but watching youtube videos of case interviews and reading everything I could on the internet gave me a decent idea of what to expect. They just want to see your approach towards the problem. You should probably work on how to work through profitability cases and less about it's for an insurance company. The term structured interview means that they give you a packet of graphs and charts and ask you answer questions based on the data given. Assessment (30 minutes) -> phone screening (30 minutes) -> in-person interview (60 minutes) with a task component. The interview ended with 5 minutes to ask the interviewer any questions. During that time I worked on projects around the world on a wide range of innovation-related subjects. Example 1: Intellectual …. Award. r/consulting: A community for consultants across industries. You will be given around 4 questions to answer on the interview day and 30ish minutes to prepare a series of slides to explain your answers to the questions. The case is presented as an open-ended question, often a problem that a specific type of business is facing, that an interviewer asks a candidate to solve. Hello everyone, I have an interview with a IT Consulting firm next week (Protiviti). Case Examples. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms My background is environmental economics and healthcare. Understand the Consulting Firm. They said that they will send the question 4 days before the actual interview. If you go into your interview and layout: Product, Company, Competition, Customers (Victor's "business situation" framework), with no creativity on your part, you are going to look like a "framework robot". , credit cards, attire, navigating the bench) Most IT Consulting interviews I have had are simply just to get to know me. We wanted to share it incase it would help any of Not sure how it works in tech consulting but case interviews are pretty representative of the kind of skills you deploy in management consulting: structuring a problem, using high-level math to get to an 80/20 solution, and delivering a clear and concise recommendation. Some firms will give you 5 cases throughout the entire interview process. Mar 18, 2024 · Here's an overview of your seven preparation steps: Learn what to expect in a consulting case interview. Booth and Ross are solid too. The case part is really easy. Tip #4 - Talk through your calculations out loud: This decreases the likelihood of making a mistake and helps the interviewer follow what you are doing. Welcome to r/Big4, a View community ranking In the Top 5% of largest communities on Reddit Case study for consulting - looking for partner Anyone going through consulting interviews wanting to partner and study together? 1. I was a consultant and interviewer at McKinsey, AMA. I spent 5 years working as an innovation strategy consultant at McKinsey in the Montreal office. Background: Don't have an interview yet, but applying in the next month & hoping for one. The key to landing your consulting job. Many people also suggest to get the book Case in Point. Also check online if EY they have mock cases. I do case interviews and case prep - the candidates I meet with are VERY well prepared and know how to analyze a case. I've posted in the recruiting thread but it seems to get lost in the sea of replies. NERA Economic Consulting Engagement Cost: ~$350K. Mar 28, 2016 · Case Studies & Economic Issues. rkd90. Definitely prep. "We might ask you to evaluate damages from a cartel, and ask you a series of questions designed to give you the opportunity to demonstrate your thought process and help you grasp the economic issues. ). I have used hirevue previously but that was just for behavioral interviews. The economic case interview has similarities to the management consulting case interview, but also some ChatGPT Case Interview. fit or case interview advice. My GPA is only a 3. Have fun! With the right mindset, case studies are like puzzles that you are trying to solve. Sounds like a fairly typical management consulting interview. Not only will the case interview provide you with awareness of our work, it is another tool that provides us with insight into Apr 23, 2021 · A Case Study Interview is a real-time problem-solving test used to screen candidates for their ability to succeed in consulting. Strategy #2: Memorizing 8 – 10 Broad Business Areas. Any help or insight is appreciated thanks! Hey r/consulting, if anyone has case interviews coming up, you might find this infographic useful. Good luck! 1. Read that book that everyone recommends. A little back story: I just got my MA in econ, and I am looking to go into economic consulting. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms I started case prep a month prior to my first interview, and did maybe 2-3 a week for about 6 weeks using case in point and some online cases from b-schools. I had a case study interview and I messed it up. 2. Share. TC is $90K + $20 signing. But there is a relative scarcity of resources to help with the economic consulting case interview. You could google info on written cases - Victor Cheng has a brief chapter on it on his book, Bain and Huron should have resources on their sites. Since interview season is starting I thought this would be helpful. " 3. You may be given URLs to data to use for your analysis. You do need to ask clarifying questions. Typically EY has a "case review" session like 2-3 days before the super day comes around for campus hire consulting. I compiled some of my pros and cons for each: Deloitte - Pros: much better brand recognition and may give me a wider breadth of experiences. I have a tech consulting case interview in the morning. I don't think having an econ consulting background necessarily pigeon-holes us. This is a new community and guidelines will Apr 23, 2012 · Sometimes knowing a bit of accounting info makes the cases easier, but you'll be fine without this and they assume that you don't have accounting knowledge. Reply. FTI Consulting Interview Process. Free Games, Free Case content! Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. Also nothing relevant comes up search. Jan 6, 2021 · As with management consulting. A case interview is a type of job interview in which the candidate must analyze and solve a problematic business scenario (“ case study ”). Given the limited time for a case interview (20–50 minutes), most of time the interviewer will ask you to focus on one or two areas and supplement it with data and charts. Ideally, you do that with another person, but in a pinch you can video yourself to watch and critique. I know it is too late to make any difference now, but I guess it is still good for future reference. Strategy #1: Creating Frameworks from Scratch. Reply reply. "What factors can you think of that would determine the price of soda pop?" 2. Case interview example video walkthrough (Capital One website) Capital One case interview guide (by IGotAnOffer) 12. new kid: <begins openly weeping>. Apr 3, 2021 · Unfortunately, Econ Consulting is a lot more niche than Strategy Consulting so there is not that much material. In any case, top consulting firms have hundreds of employers focused solely on improving their assessment processes, and case interviews have proven to Once you have a few practice cases under your belt, be prepared to branch out and make your own frameworks, customized to the actual case. Apr 26, 2024 · Case Interview 2024 – Guide for Your Consulting Case Interview. Strategy #4: Breaking Down Processes. In a candidate-led case, the interviewer prompts the candidate with a case question and leaves the answer—framework, data collection and analysis, synthesis and recommendation, along with time management—entirely to the candidate. NERA Economic Consulting Revenue: ~$200M. Case interviews can be either candidate-led or interviewer-led . Does anybody work in/know anybody that works in the economic consulting industry that can give me some insight into what I may be asked? Will there be a formal case study? One of my friends is a senior in college and moved on to the final round for a consulting company. Hi all, I have a case interview coming up that’s one hour long. Strategy #3: Breaking Down Stakeholders. 7. Take a quick spin through Case in Point or Case Interview secrets (my preference) to familiarize yourself with some frameworks and the idea of an issue tree. A community for consultants across industries. The case study is not hard at all ironically. If you get far enough into the recruiting process (such as getting an offer), ask to speak with folks at your peer level AND reach out to alumni (via LinkedIn) for their perspectives. citizens prepare for a major expansion of its mandate. EY Parthenon case interview examples. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms I just had two case interviews over the phone with them last week for their Management Consulting side. I am a consultant in the US and have also helped out with interviews recently. I am super nervous and Bain is one of my top choices. Join a case study club at your school or practice with your friends, and it should make preparing much easier and more enjoyable. 7 GPA. 1. • 2 yr. Would be happy to answer any questions. tips on starting a new job (e. Was curious how to prep and what type of style the case will be in? 81K subscribers in the Big4 community. I would assume structured is the standard Cost vs. But I overlooked some key data and could sense the interviewers The case is for the supply chain and operations practice in Canada! All I know is that it’s one hour long and there’s two managers conducting it. Business, Economics, and Finance Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. ADMIN MOD. So my question to you is, does anyone Economy of Scale, perfect competitive vs monopolistic market, and marginal analysis etc. 45, but my upper division economics courses is a 3. Prepare answers to fit and PEI questions. I'm asked to identify the problems and consider solutions. Instead, case interviews have defined sections with math problems, chart interpretation, etc. The FTI Consulting interview process typically consists of multiple rounds, starting with a phone or video interview followed by in-person interviews. , FTI Consulting, LECG, National Economic Research Associates (NERA), and Navigant Consulting. You might get a mix of traditional business case (stuffs like revenue maximizing, turnover…) and the more technical case which is just accounting information systems. com. Berkeley Research Group, which mostly consists of people who worked at the now-defunct LECG, is another big firm. Here are some essential steps to help you prepare: 1. My case study was about EY trying to help a company who is trying Offer 2: Research Associate at NERA Economic Consulting. I recently accepted the tech consultant position at EY so I can speak on this. With Wharton, I barely saw anyone from Brattle, or Basically what is going to happen is you will sit in a room with a panel (generally) and will be presented with a problem. FOCUS: Candidate-led vs. Step 4: Analyze data. are among the very common topics an economic consulting company would cover. After all the pleasantries, i'm given the study, full side of A4 including 3 years accounts. Consulting clubs case interview examples. Not all firms interview the same. Currently preparing for case-interviews, as that is (by far) my biggest weakness in the interview process. Mbb is pretty similar but after that it varies a lot. Consulting Case Interview . I solved the case within a reasonable time, but instead of being asked behavior or any questions about my past, I was asked the bonus questions of the case. Is the interview virtual or in-person? I think the firm is doing all virtual interviews going forward. This sounds like something similar. The idea behind a case interview is seeing how you approach and solve a problem. Business, Economics, and Finance. Case Type: improve profitability; finance and economics. com, I found that all economic consulting firms give a few case studies during their interview (yes, I am just in the preliminary stages). The traditional case interviews you find in strategy/management don't exist in econ, as econ case interviews really revolve around quick mathematical or technical analyses. It's doable, but you really need to get some live practice cases ASAP (Minimum 10). I know I can do well in economics/ business cases based on my course work, presentation experience, and internships. Tip #5 - Structure your answer to qualitative questions: Use a simple two-part framework such as internal/external, short-term/long-term, or economic/non-economic. I would typically say to use the SWOT analysis as a framework but in recent months, I have heard of people getting offers who didnt even use a framework in their cases. Analysts at Cornerstone Research start contributing to casework upon their arrival. It's feasible, but you need to be doing practice cases every day at this point. It'll be tailored to the industry, so a bit of research about the basics will help. Current Oliver Wyman consultant and interviewer, AMA! Hi all, Bit bored today, figured I'd give back a bit since I think information on OW is lacking. No, you can't use a recorder in an interview. In preparation, I read hacking the case. 6. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms Advice for Case Interview for Undergrad Summer Intern at Bain & Co Hello Everyone, I'm an undergraduate rising junior at a non-target school (but one that some ppl consider a "public ivy"). Greater opportunity for movement across functions within the firm. This ensures that the questions test the actual skills applicants will use upon being hired. Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. NERA Economic Consulting Headquarters: New York, NY. Mar 15, 2011 · With economic consulting interviews, if I wanted to work in a practice area such as antitrust, or competition, or auctions, would I need to know a lot of the finance questions? It seems as if everywhere I look, the sample interview questions indicate that finance knowledge is just as necessary as economics. I have an upcoming interview at an Economic consulting firm for an internship, however I am struggling to find any resources on how to prepare for the case study interview given its different from management consulting. Remember the interviewer will most likely be someone senior level or above, so they know their shit. Tons of fun can be had. You also can't use a calculator or a computer. NERA Economic Consulting Chief Executive: Dr. To prepare for interviews you will mainly need to brush up: Microeconomics; Competition Law; Econometrics Business, Economics, and Finance Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. But looking at the people that have gone through an MBA from my firm, they've done pretty much all of the typical jobs that are in each of the school's employment reports. I recently became interested in economic consulting and was wondering if people could help me with information on -recruitment timeline (for summer 2022 and 2023) -resources, (books I can use for prep other than case examples from company websites) Any help would be appreciated!! I have worked for two of the 10 or so major economic consulting firms. All I know is that it will be based on the financial statements of a fictional client and that I'll be expected to answer a few questions with 80 minute prep time (and The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: basic questions about consulting and consulting firms. You will be required to *demonstrate* how you solve a problem. Experienced MBB interviewer - AMA about interviewing. Does anyone have anyone know of any resources or has any tips on how to approach preparation? . Solve practice cases (33 free example cases) Improve your case interview technique. NERA Economic Consulting Locations: 27 offices. Hello, r/consulting! I'm about a month into a project called A Case A Day which aims to provide daily case interviews based on current business news for prospective consulting hires and current consultants looking to continue to sharpen their skillset. Don't immediately jump into trying to find a solution--think, ask clarifying questions, think some more, and walk your interviewer through your thought process as clearly as you can. As an upcoming graduate, I have no idea what to expect or how to prepare. lx xw sd ao rl lr ta eu ic mx