Hi,
I have some time to prepare for my interviews coming up.
What resources do you suggest reading before? Annual reports etc?
Thanks
Hi,
I have some time to prepare for my interviews coming up.
What resources do you suggest reading before? Annual reports etc?
Thanks
I believe the answers to this question will address yours:
Andrea
Hi,
I strongly recommend learning more about different industries. It will help you to:
Focus on the most common industries in the following priority (sorted by probability of getting a case): 1-retail and CPG; 2-airlines; 3-Telecom; 4-banking; 5-natural resources; 6-tech and work on building analytical thinking in each of these industries.
There are several sources of info to develop analytical thinking:
1) Cases - you simply solve 50-70 cases and get a broad knowledge of different industries, common pitfalls and questions. The key here - find good partners who already had case interviews with MBB companies
2) Company reports, equity reports, IB roadshow docs - usually have a good overview of company and industries. The most useful sources to understand what's going on with the companies
3) HBS cases - quite useful, but not sure if lot's of them available publically. Probably worth buying
4) Books - one good book about airlines with numbers and industry analysis can give you all needed industry knowledge
5) News, Industry blogs
For each industry, you should understand:
I strongly recommend practice drawing structures for each industry - profitability, value chain, etc
Also some comments about particular industries:
1) Retail - make sure you understand key retail metrics (P&L lines, same store sales, revenue per square meter and per person, etc) and how distribution works as well as its metrics (share on shelf, etc)
2) Airlines - read about profitability issues, different routing models, cost structure, industry metric s like load factor and make sure you know all possible additional revenue streams
3) Telecom - I would read industry reports and try to understanf how telecom is transforming with internet penetration and tech innovations
4) Banking - you should know the key products in corporate and retail banking and how they earn money (Interest, commision, transactional)
5) PE / M&A - go through available case examples and read about different PE strategies
Then I will switch to getting the functional knowledge and key concepts in:
Good Luck
The Influence Model by McKinsey emerged in the early 2000s and is the result of practical experience of the consultants at McKinsey & Company.
Structured framework for sustainable corporate development, including market penetration, product development, market development and diversification.
Discover what McKinsey's 7S framework is and how it helps companies maximize their strengths and identify weaknesses while focusing on 7 internal elements.
Find out what the McKinsey Imbellus Game is all about. Get specific insights on how to ace your case interview at McKinsey.
Get to know the BCG Online Case and learn how to approach this specific Boston Consulting Group Test when you want to start your careere in Consulting.