Laundry list of considerations by industry or case type

Case Interview case types industry specific laundry list memory
New answer on Nov 13, 2023
3 Answers
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Phil asked on Apr 27, 2019

Hi,

I always have trouble forgetting things which are or could be key to the case (e.g., time value of money in break-even cases, patent life in pharma cases, or long-term price fluctuations in commodity cases). Where can I find a "laundry list" of considerations to keep in mind for different industries and/or case types? I'm not looking for a framework to memorize and apply blindly; I am just looking for a laundry list to aid my memory when I'm under pressure.

Thanks a lot!

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Clara
Expert
Content Creator
replied on Nov 13, 2023
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Precisely for the high amount of questions (1) asked by my coachees and students and (2) present in this Q&A, I created the “Math & Formulas - Economic and Financial concepts for MBB interviews”, recently published in PrepLounge’s shop (https://www.preplounge.com/en/shop/prep-guide/economic_and_financial_concepts_for_mbb_interviews).

After +5 years of candidate coaching and university teaching, and after having seen hundreds of cases, I realized that the economic-related knowledge needed to master case interviews is not much, and not complex. However, you need to know where to focus! Hence, I created the guide that I wish I could have had, summarizing the most important economic and financial concepts needed to solve consulting cases, combining key concepts theorical reviews and a hands-on methodology with examples and ad-hoc practice cases.

It focuses on 4 core topics, divided in chapters (each of them ranked in scale of importance, to help you maximize your time in short preparations):

  • Economic concepts: Profitability equation, Break even, Valuation methods (economic, market and asset), Payback period, NPV and IRR, + 3 practice cases to put it all together in a practical way. 
  • Financial concepts: Balance sheet, Income statement/P&L and Performance ratios (based on sales and based on investment), +1 practice case
  • Market structure & pricing: Market types, Perfect competition markets (demand and supply), Willingness to pay, Pricing approaches, Market segmentation and Price elasticity of demand, +1 practice case
  • Marketing and Customer Acquisition: Sales funnel, Key marketing metrics (CAC and CLV) and Churn, +1 practice case

Feel free to PM me for disccount codes for the guide, and I hope it helps you rock your interviews! 

 

 

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Serhat
Expert
replied on Apr 27, 2019
BCG | Kellogg MBA |82% Success rate| 450+ case interview| 5+ year consulting | 30+ projects in ~10 countries

Hi there,


Unfortunately, I never have seen such a list but I think it is wonderful that you are aware of what you are forgetting. My suggestion would be creating your own case log book and recording feedbacks and key learnings from your cases.

Cheers
Serhat

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Astrid
Admin
replied on Apr 29, 2019
PrepLounge Head of Product & Marketing
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Phil on Apr 29, 2019

Hi Astrid, this is great! Thank you!

Astrid on Apr 29, 2019

You're welcome :)

(edited)

Clara gave the best answer

Clara

Content Creator
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
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