Consulting Matters

OCTOBER 11, 2018

One of the most important questions both new and seasoned consultants MUST answer is: "How much should I charge for my consulting services?". It's where the rubber hits the road on your eventual income you earn as a consultant and how scalable that income ultimately becomes. How Do Set Fees for my Consulting Services?

Consulting 205

Consulting Methodologies Energy Video 205

Consulting Matters

OCTOBER 11, 2018

One of the most important questions both new and seasoned consultants MUST answer is: "How much should I charge for my consulting services?". It's where the rubber hits the road on your eventual income you earn as a consultant and how scalable that income ultimately becomes. How Do Set Fees for my Consulting Services?

Consulting 202

Consulting Methodologies Energy Video 202

CaseInterview.com

JULY 29, 2020

The math still applies. The math still applies. The math still applies. Fear is about psychology (and how you perceptually estimate the risk) and emotions (how you feel ) about the risk. What I do have a problem with is when such an attitude ignores actual statistical risk. The math is still the math.

Case Interview 85

Case Interview Interviews Guidelines Comparison 85

CaseInterview.com

JUNE 15, 2021

They will tell you how the test is scored (some questions have higher value) but not the pass grade. They will tell you how the test is scored (some questions have higher value) but not the pass grade. It is VERY IMPORTANT you practice your math computations. Your math computation skills are a muscle.

Case Interview 52

Case Interview Boston Consulting Group Interviews Resources 52

Seth Godin Blog

FEBRUARY 27, 2024

How big a swing do we need to make it feel like it matters? Do the high rollers have more fun? Winning the regional Math Olympiad can feel just as important as winning the Super Bowl, and entire countries will be unaware of both events. At the casino, some folks play with $5 chips, some with $100 chips.

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Tom Spencer

MARCH 9, 2019

They want to see if you can structure your thoughts, and articulate how you’d approach a solution. They want to see if you can structure your thoughts, and articulate how you’d approach a solution. Fourth, and perhaps the easiest way in which points might get docked, can you do mental math – accurately and fast?

Interviews 110

Interviews Case Interview Consulting ROI 110

CaseInterview.com

MAY 12, 2022

When I was in school, my strongest subjects were in STEM — science and math specifically. How can that possibly be relevant to modern-day living?” Rather, they provide prescriptions for how to deal with the timeless problems human beings have dealt with for thousands of years. Everything we do. Everything we are.

Study 104

Study Data Policies Resources 104

Management Consulted

NOVEMBER 20, 2013

First, you have to show you have the skills to do the job. . Case Interviews give the interviewer an in-depth view of how you think/function under pressure , problem solve, and understand both the large picture and the smallest aspects of a problem. How many miles of road are there in the United States? Brainteasers.

Case Interview 236

Case Interview Interviews Study Cover Letters 236

CaseInterview.com

JUNE 3, 2022

It is something I will repeatedly do, even if once in a while, I get a bad outcome. From a probabilities and statistics standpoint, the math is overwhelmingly in my favor. From a probabilities and statistics standpoint, the math is overwhelmingly in my favor. I worked really hard and got promoted. They are not the same thing.

Examples 120

Examples Policies Resources Data 120

Tom Spencer

DECEMBER 5, 2020

When a consultant meets with the CEO of a major airline to discuss growth strategy, for example, they may need to do a market sizing to get a grasp of how big the broader market is. How big is the market? How quickly is it growing? How to do it? There are two ways of doing a market sizing.

Case Interview 88

Case Interview Interviews Marketing Examples 88

CaseInterview.com

JANUARY 31, 2022

You know how Harvard accepts only 5% of applicants? Well at MBB, we accept only 5% of Harvard students… we’re the elite of the elite… just do the math. When my oldest daughter was four years old, I attended open houses for private elementary schools. I was curious to see what education options would be available for her.

Culture 121

Culture McKinsey Finance Engineering 121

Management Consulted

OCTOBER 30, 2016

With an Engineering degree, more than anything else, you are proving that you have a “math mind” The amount of math and science problem solving required of you is good training for the problem solving you’ll have to do in consulting, where every one of your findings has to be broken down for the client and backed by empirical data.

Consulting 100

Consulting Engineering Finance Case Interview 100

CaseInterview.com

SEPTEMBER 12, 2019

Case Interview Math is about analyzing data to help you create an informed recommendation to solve a case. You probably already know how to multiply, add, subtract, divide, and understand the concept of percentages. But, you need to understand what the math and the results mean. Tips for Success. Tips for Success.

Case Interview 49

Case Interview Interviews Analysis Recruiting 49

Management Consulted

FEBRUARY 21, 2016

The main point of the case interview is to provide you with an opportunity to show the interviewer the great job you’d do if they hired you today and set you straight to work. 1 – Mental Math. If you don’t like mental math, especially mental math with large numbers, then PRACTICE! Not tens, or hundreds, but thousands.

Case Interview 100

Case Interview Interviews Case Study Case Studies 100

Tom Spencer

OCTOBER 31, 2020

According to 80,000 HOURS , there are more highly qualified people than there are jobs at top strategy consulting firms, and it is implausible to be more than 50% confident that you can get an offer regardless of how qualified you are. In order to do this, you can follow what I call the R.I.R Was mental math your Achilles’ heel?

Case Interview 88

Case Interview Consulting Interviews How To 88

CaseInterview.com

APRIL 18, 2019

They will tell you how the test is scored (some questions have higher value) but not the pass grade. They will tell you how the test is scored (some questions have higher value) but not the pass grade. Straight math questions. It is VERY IMPORTANT you practice your math computations. What is the format of this Test?

Case Interview 56

Case Interview Boston Consulting Group Interviews Data 56

Tom Spencer

DECEMBER 6, 2020

No specific call to action – Do you want to get on a call or just say hi? Before you write the message, ask yourself: How do I know this person, and why am I reaching out to him or her? Reading Time: 4 minutes. Due to COVID-19 and the lack of physical interaction the “virtual coffee chat” has become a thing.

Recruiting 139

Recruiting Recruitment Resumes Conference 139

Seth Godin Blog

OCTOBER 7, 2023

It’s a waste of time, the math makes no sense and it leads people to create worse passwords, not better ones. If a company can’t get this simple system right, how can we trust them to make a refrigerator? [Of course, it’s not stupidity. It’s fear and superstition, which often go together. First, the rant.]

Course 40

Course System Culture Company 40

CaseInterview.com

JUNE 6, 2019

I was asked the following management consulting estimation question by a McKinsey interviewer many years ago: "Estimate how long it would take to move or relocate an average size mountain 10 miles using an average size truck". This question was how much time it takes to move an average mountain 1 mile (or something along those lines).

Case Interview 66

Case Interview Interviews Travel Examples 66

Seth Godin Blog

AUGUST 29, 2023

And when experts in any field fight against research that might undermine their status, they’re doing their belief and those who trust them a disservice. We have statistical proof of what people click on and how humans respond in a double-blind test. Belief makes us human. For millennia, belief thrived in most parts of our lives.

Research 44

Research Tools Data 44

Management Consulted

JULY 10, 2016

So how do you set yourself apart, especially as a PhD/Advanced Professional Degree (APD) holder? This is mostly a math test, and doesn’t have much to do with the case interview at all. Make sure you brush up on your math problem solving skills before going in for the test! Non-MBA Master’s.

McKinsey 100

McKinsey Case Interview Interviews Resumes 100

Successful Independent Consulting

MAY 31, 2018

How did I do this? How can other self-employed consultants become wealthy too? Granted, the math is more complicated but the principle remains. For more information on charging what you’re worth, see my article, “ How to Figure Out Your Billing Rate.” to see that I had crossed the million-dollar mark.

Consulting 150

Consulting Cash Flow Banking Knowledge Base 150

Markovitz Consulting

OCTOBER 3, 2017

I don’t think the companies are doing much deep analysis of operations work using standard combination worksheets; I’m not sure if anyone reorganized their company along value streams; and I didn’t see any of the heavy math supporting kanban levels, etc. How do they sustain that commitment?

Company 113

Company Conference Analysis Operations 113

CaseInterview.com

SEPTEMBER 5, 2021

The clients who have the most success working with me are the ones who will do what I tell them to do… and do it incredibly quickly. When I buy a new product, the first thing I do is throw out the product manual. I like to figure out how to make things better. I like to figure out how to make things better.

Case Interview 93

Case Interview Fashion Comparison Analysis 93

CaseInterview.com

MARCH 20, 2019

Estimate how long it would take to move or relocate an average size mountain 10 miles using an average size truck". This question was how much time does it take to move an average mountain 1 mile (or something along those lines). Once you do and once you make a specific assumption, explain your rationale behind that assumption.

Case Interview 64

Case Interview Examples Interviews Travel 64

CaseInterview.com

FEBRUARY 25, 2021

The math is massively in your favor on this. Do this over an entire career, and you’ll be amazed at what you can achieve and where you end up. Check out our Privacy Policy below for details on how we protect and manage your submitted data. I do not want free resources. You know that memo you wrote to your boss’s boss?

Case Interview 71

Case Interview Interviews McKinsey Policies 71

CaseInterview.com

JUNE 11, 2019

This caseinterview.com student sent me an email recently asking my advice on how they could practice and improve their performance in the problem-solving part of a case interview. Below is there question to me and my response and advice on how to best practice this skill. Reader’s Email. My Response. the candidate is not speaking fast.

Case Interview 49

Case Interview Interviews How To McKinsey 49

Tom Spencer

APRIL 29, 2018

Do not expect to solve every detail of the case during this short time, rather focus on the most critical parts. The important points of the case interview are: how you structure the problem, how you analyse the most important parts to find the main source of the problem and ways to address it, and. There isn’t one!

Case Interview 68

Case Interview Interviews Sales Examples 68

CaseInterview.com

MARCH 30, 2020

PhDs in mathematics, physics, and astrophysics were being poached out of engineering fields to instead do financial engineering. So, what did they end up doing next? Epidemiologists urge physical distancing as the best way to avoid catastrophic loss of lives. So, who is right? I’m going to give you two answers to that question.

Financial 145

Financial Energy Real Estate Government 145

CaseInterview.com

JUNE 25, 2019

Below are two emails I received from students who were successful in obtaining BCG internships as well as some advice from me on how to succeed as a BCG intern. I wonder if this had something to do with the 8:30am start. Math error (wrong answer the first time) in an interview with a table of numbers. problems with math.

Interviews 45

Interviews Case Interview McKinsey Resources 45

CaseInterview.com

APRIL 15, 2020

What you absolutely do not want to do is to use emotion to solve logical problems or use logic to solve emotional problems. Yet this is exactly what the vast majority of people are doing right now. That’s because math problems require logic to solve. Do you feel scared? I go back to my original question.

Emotional Intelligence 85

Emotional Intelligence Management How To Resumes 85

Tom Spencer

JANUARY 20, 2018

Do not just repeat what the interviewer said. Once you have a general sense of how you want to drive the case forward turn the paper around to show the structure to the interviewer and walk them through it as if you were speaking to a client. Structuring the Problem. customers, competition, company) and sub buckets. Develop Hypothesis.

Case Interview 79

Case Interview Interviews Analysis Data 79

Tom Spencer

FEBRUARY 16, 2024

In this 2-part article, I will outline the 5 key skills of an effective consultant, then discuss how to hone and highlight these skills. The role of a consultant is dynamic and complex, requiring a unique blend of skills that go beyond pure technical proficiency.

Consulting 78

Consulting Leadership Financial Data 78

On the Brink Podcast

SEPTEMBER 30, 2019

Learn what the incredible power of listening can do ! I received a copy of Benjamin Mathes’ book, “ Short Paragraphs on Listening ,” as a gift after a speech I gave recently in Los Angeles. In our podcast, we dig deep into Ben’s own life experiences and the need to listen to others if we are going to find ourselves.

How To 59

How To Emotional Intelligence 59

CaseInterview.com

JULY 17, 2019

I read all your daily emails, used the LOMS program (listened to it seven times driving every day to my work) and used these math tips. I read all your daily emails, used the LOMS program (listened to it seven times driving every day to my work) and used these math tips. First of all, thank you for all your great materials.

Case Interview 49

Case Interview Interviews McKinsey Bain 49

CaseInterview.com

JULY 15, 2019

In the story the student shares her tips for becoming more confident, practicing case interview math and practicing cases. 2) Practicing mental math. The feedback from Bain interviewers was along the lines: "You are such a wonderful, nice person, you've got so much to give - just be more relaxed and confident in how you perform.

Oliver Wyman 40

Oliver Wyman Case Interview Interviews Bain 40

CaseInterview.com

MARCH 12, 2020

Background: By day, I write and teach my students on CaseInterview.com about how to have a successful career. Under normal circumstances, medical care in the United States is based on the principle of “do what’s best for the patient.” During an MCI, the guideline changes to “do the most good for the most people.”

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Guidelines Resources Transportation Training 93