Dear PrepLounge community,
How would you estimate the employee number, how would you approach and structure this question?
(edited)
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How many employees does a bank have?
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Hi,
I think you should ask some clarifying questions first:
- Retail / corporate?
- Remote or branches?
- What kind of products it has?
After getting the initial asnwer you can come up with some calculations
Best
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Hi there,
Very much need to know which bank and where. Completely changes how I approach this.
However, this is a classic bottom-up approach. It's also a classic throughput set of logic (much like the common Starbucks revenue market sizing question).
You need to think through:
1) Different sets of employees (tellers, gaurds, back-office management, etc.)
2) Flow of customers. The key here is # associates/tellers required for the customers.
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Hello!
Key to ask clarifying questions at the beggining, since there are many types of banks -and of offices from each of those-.
I would then do it bottom up with the different types of employess.
Hope it helps!
Cheers,
Clara
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Hello there,
I agree with Clara - it's hard to estimate without any clarifying questions since there are many types of banks. A bottom-up approach would work better in this case anyway than a top-down.
Best
GB
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