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Ibrahim
on Jun 03, 2024
Global
Question about
Case Interview Basics Article
I want to receive updates regarding this question via email.

hello

The methods of approaching figures are very helpful and time saving… however, I believe that the units related to GDP in this article should be in trillion and not in billion for the 

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Top answer
Cristian
Coach
on Jun 03, 2024
#1 Rated McKinsey Coach | Top MBB Coach | Verifiable success rates

Ibrahim, 

you might be right and this is just a typo. 

If you're practicing for cases now, I'm sharing with you a cheatsheet with all the common formulas:

Cheatsheet: The Must-Know Consulting Terms for Interviews

Best,
Cristian

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Hagen
Coach
on Jun 03, 2024
#1 recommended coach | >95% success rate | 9+ years consulting, interviewing and coaching experience

Hi Ibrahim,

Good catch. This could also be due to the fact that in Germany, where PrepLounge comes from, they don't count “millions/ billions/ trillions ...” but “Millionen/ Milliarden/ Billionen ...”. I am sure that the friendly colleagues at PrepLounge will correct this soon.

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

Best,

Hagen

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Business Sense
Business sense refers to the ability to quickly grasp economic dynamics and make decisions that are both strategically and commercially sound. In consulting, it’s not enough to repeat theories from your business degree. What matters is a deep understanding of how companies operate, what drives markets, and what different stakeholders are aiming to achieve.Consultants with strong business acumen can quickly adapt to new industries, understand client needs, and set priorities that make economic sense. They don’t just ask, “What is analytically correct?” – they also ask, “What truly benefits the company?” This mindset often makes the difference in a case interview. Why Your Business Sense Matters in ConsultingAs a consultant, you’re expected not only to analyze complex problems but also to think in a solution-oriented and entrepreneurial way. A strong business mindset helps you put analyses into context, assess actions realistically, and focus on generating maximum client value.In day-to-day consulting, you're working under pressure, collaborating with decision-makers, and constantly weighing trade-offs. Those who think commercially and can strategically prioritize have a clear edge.In a case interview, showing that you understand markets and business models is key – it sets you apart and proves your readiness for the job.👉 In our Case Library, you can prepare effectively with curated practice cases and put your business sense to the test.
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