Hi Hrag,
Thank you for the interesting question.
As a consultant you should demostrate how you can break down the problem of a client into smaller pieces. It comes with practice, just to make sure you feel confident during the interview you can deep dive into different industries beforehand.
I suggest the following tools to prepare for an industry:
NB: When you do 3 and 4 structure all your thoughts and put them on a slide. I attach the slide my mentees did as an example.
NB: There is a very cool game, which is called CONSULTING BINGO. Cross the industries, for which you already practiced cases and compete with friends (exampke attached).
I hope it was helpful.
Kind regards,
Egor Iakovlev
This is where understanding the mechanics of the case is important. In the vast majority of cases, we mostly want you to show us how you think - regardless of prior / industry knowledge.
Yes, specific industries or types of cases will more often call on specific questions (e.g., in a growth case, ask about what the consumer really wants; in a utility case, fixed costs are likely to be a topic) - but if you think in a structured / MECE / logical way, you will get there anyway.
Hi,
The approach that helped me and my candidates:
Best