Allianz Consulting Intern interview - What to expect?

Hi, and congrats on landing the interview!

Quick framing: Allianz Consulting is Allianz Group's in-house consultancy, so your "clients" are internal Allianz units, not external ones. That explains most of how the cases differ from MBB or Big 4.

The core skills are the same: structure, clean math, business sense, communication. What changes at an in-house arm is the flavour. Expect cases grounded in the company's real world: insurance economics, operations, cost, and transformation topics, rather than more general "size the market for X" prompts. Cases tend to feel closer to a real internal project, and for an intern round they're usually more conversational (especially compared to MBB late-stage rounds). Also, don't underestimate the fit assessment. Have a crisp answer for "why consulting" and especially "why in-house / why Allianz". That's where candidates are most often underprepared.

Two things that pay off: drill your structuring and mental math as you would for any case, and spend an hour or two on insurance basics (premiums, claims, combined ratio, the cost side). You don't need to be an expert, but showing you get how the business makes money signals real interest and helps you build a relevant structure on the spot.

If useful, I offer a free 15-minute intro call and am happy to pressure-test your structure and your "why Allianz" story beforehand. Either way, good luck! You've got this.

Kind regards,
Gianni

Hi there,

If they say you will have a case interview, 90% should be the same. As in, you still need to train the exact same skills.

A pretty universal rule for preparing for these interviews is to train the core consulting skills, DONT try to predict things.

If you learn structured thinking, business acumen, problem solving, clear communication, etc., you don't have to worry WHEN (not if) you get a case you didn't expect.

Again, build out your core abilities. Practice solving a wide range of cases. The only thing you can expect is that you will see the unexpected….so, become a consultant….consultants land at the client site and know nothing…they figure it out using their toolkit…you need to build out the same for the interview :)

Yes, they really do! But they'll also do implementation/operation. It's truly going to depend on Allianz….very firm/team specific.

You absolutely need to do your research on the company. You need to know what they do because you need to convince them you know why you want to work for them!

I would also recommend my Industry Deep Dives and Case Preparation Plan course to build your industry knowledge and case plan. The Consulting Offer Blueprint podcast can also help. Look for the industry deep dives that relate most closely to Allianz's focus areas.

Hi there,

When it comes to in-house consulting, the mechanics barely change from firm to firm, so the structuring, maths and synthesis you are already practising remain relevant.

What changes is the subject matter. On the one hand, an in-house team serves the group's own business units, so the problems they are tackling are internal: operations, process, transformation, cost, etc. On the other hand, industry knowledge here will help you a lot. For insurance that means being comfortable with how the money is actually made: premiums coming in against claims and operating costs going out, plus the return earned on the reserves in the meantime. You do not need depth, just enough to build your structure in their language and to know which numbers matter when they hand you a figure.

In terms of fit, it's always good to have a one minute overview of your CV, and a clear and structured answer on why internal consulting, why Allianz and why you. On top of that, prepare two or three flexible stories you can steer wherever they probe: working in a team, leading something, handling a difficulty.

Hope it helps and good luck with the prep!

Federico

hey there :)

Allianz Consulting is definitely worth preparing for like a real consulting interview, but I would not expect exactly the same format as MBB. For an internship, I’d prepare for a relatively straightforward business case, often with topics around insurance, growth, profitability, operations or digitalisation. They will likely care a lot about structured thinking, basic calculations and how clearly you communicate your approach.

I’d also prepare your motivation for Allianz Consulting specifically and have a good understanding of Allianz’s business, since the internal consulting context makes that particularly relevant.

If you want, feel free to reach out and I can also give you a few realistic case examples to practice.

best,
Alessa :)

Hi there,

First of all, congratulations on the invitation from Allianz Consulting!

I would be happy to share my thoughts on your questions:

• First of all, I would strongly advise you to stop trying to predict what type of case studies you will face, and instead focus all your energy into becoming able to solve any case study you may face.
• Moreover, you can expect a setup that is quite similar to external consulting firms (in case you have experienced these setups - otherwise, the comparison is pointless).
• Lastly, contrary to what other coaches have said, based on the experience of my coachees, interviews are by no means any less conversational, and I also do not see any reason why they should be only because you are interviewing as an intern. Also, partner interviews can indeed be rather conversational, so the comparison does not hold up either.

If you would like a more detailed discussion on how to best prepare for your upcoming Allianz Consulting interviews, please don't hesitate to contact me directly.

Best,

Hagen

Hi,

Great question and a common one asked by candidates who are trying to prepare for in-house strategy or corporate strategy teams.

I created a guide just for this: The Corporate Strategy Interview Guide

All the best!