Hi there,

Please be careful with lists.

So, your answer is kind of “classic” for what you see online, but it's insuficient for truly passing an MBB interview.

Why?

Because you don't have the why. I don't know how this is going to help us answer the question.

Remember, you're saying this to the client. As such, I need to know how every single bucket/item fits together to help us figure out which country is best.

Here's a framework example from my course/coaching that should help:

Hi there,

I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it:

• First of all, I think that your initial structure covers most aspects of a market in a good way, yet it does not fully take into account that the client is a private equity company.
• For instance, given that there is limited information about the client, I would advise you to first clarify what types of investment the client normally makes (e.g., buy & build, turnaround). Depending on the outcome, you should only focus on the relevant aspects for the specific type of investment, instead of working through every single aspect of the market, whether relevant or not.
• Lastly, please keep in mind to provide a rationale for every aspect of your initial structure when presenting it (even if it is absolutely fine not to write it down in here).

If you would like a more detailed discussion on how to best structure any case study, please don't hesitate to contact me directly.

Best,

Hagen

(edited)

This is a great example of a bakery chain and I know you will find great answers because I can so well describe this:

- structure the solution into different parts, presenting the answers first and detail each one, this way you can already discuss the answers and determine the discussion

Best regards, 

You have to start with WHY. 

WHY you want to look at something is as (or even more) important as where you want to look at.

Not only you are not explaining the factors - you are also not considering what would be attractive for a PE firm. You are only looking at market attractiveness in general. In other words, you have to consider what would be a good investment (and what would be a good investment for that PE firm).

You have many investment possibilities. Do a buy & build (then you want many players), do a turnaround (then you are looking for distressed companies), focus on growth (then you want a growing market, and companies with high growth rates). So you have to go deeper on the availability of the potential targets and tie that to the potential investment thesis.

You are also not considering exit options. It's not just about how to buy, but also how to leave. I know, we're not analyzing a specific target, but you want to explore a few options: IPO, selling to a MNC, etc. So, for example, is the capitals market developed?

In short, your framework is in general ok, but the way it is deployed means that 90% of it could be used for other 100 cases. So this is what you really must do:

• You need to explain why and how the things you mentioned are relevant to this case
• You need to consider what are the specificities of the case being presented - and make sure they are considered in your answer. This is where  you get the OFFER.

(edited)