I noticed in my case interviews I sometimes struggle with identifying what equations to derive and use to the different math word problems. Ofcourse, there are the general profit and loss formulas that are easy to use/apply but I mainly struggle when there are complications to the units that are being used.
Does anyone else have this problem? Is it possible to improve on this? If so, how?
I always suggest not to try remember formulas by heart. As you were saying, during the cases you have to derive easy formulas and you have just to learn to structure your thoughts in the right way.
Is just a problem of deriving the right formulas or also to do calculations?
Hi,
I recommend practicing with Preplounge math tool (https://www.preplounge.com/de/mental-math.php) and watching the videos of this super-useful Youtube channel: https://www.youtube.com/watch?v=PYrgjMubh-c
Hope it helps,
Antonello
(editiert)
Hello!
I found very useful this anwer >> https://www.preplounge.com/en/consulting-forum/math-for-case-interviews-1078#first-answer
Hope it helps! Cheers,
Clara
Hi,
As mentioned by other experts here, I recommend that you use the mental math tool to brush up your math skills. But furthermore, when I work with my trainees, I give them some basic homework (equations with one unknown). You can create something similar on your own, and solve them every now and then.
Best,
Deniz
Hi Anonymous,
in terms of deriving the formula and the units to use, it would be useful if you could provide an example of a problem you found challenging to provide specific suggestions.
In general terms I would recommend the following for a math problem:
Hope this helps,
Francesco
Hi,
A couple of recommendations here:
Finally - the best way to practice is taking all casebooks available online and going through the math problems there. There is a limited number of math problems types in cases
Best!
(editiert)
Hi Vlad, to your first point, shouldn't you know when to calculate without the interviewer asking e.g. when you want to quantify something? To your second point, I'm unsure about what you mean by your example. Could you please clarify?
(editiert)
1) Very often candidates start doing the calculations when they see any numbers, however it's not required. 2) If the objective is the size of the queue (number of people) you should not calculate people per hour
Hi Luca, probably both to be honest!
You can improve these skills training with test like the PST. These tests require a lot of quantitative skills and you will get used to do the math part in a quick way. Contact me if you need some materials