Get Active in Our Amazing Community of Over 452,000 Peers!

Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!

Estimation question

Bain interview
New answer on Aug 26, 2021
2 Answers
919 Views
Anonymous A asked on Aug 25, 2021

Hi Guys, 

While prepping up I came across a question on - how to figure out how many people miss credit card due dates in USA. 

Can you share what structure I can use to frame the problem?

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Agrim
Expert
Content Creator
replied on Aug 25, 2021
BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

I think the best approach will be if you can share your first attempt and then we can give you better guidance on where you went right or wrong.

Was this answer helpful?
Ian
Expert
Content Creator
replied on Aug 26, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

The best way for you to learn how to market size is to do it yourself (there are generally multiple approaches and you have to estimate based off of your knowledge).

That said, my general advice for structure would be as follow:

  1. Eligible pop of US
  2. % with credit cards (based on age or income segmentation…decide which makes more sense)
  3. % likelihood of missing payments (based on same segmentation as #2)
Was this answer helpful?
Agrim gave the best answer

Agrim

Premium + Coaching Expert
Content Creator
BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting
270
Meetings
4,325
Q&A Upvotes
68
Awards
5.0
59 Reviews