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What method do you prefer to use for your Project? Choose the one,Either Agile or Waterfall Method? which one is better?

business concepts Business consultant business knowledge Business Process Optimization (BPO) consulting project international projects project management projectleader projects

Most recent answer on Oct 13, 2023

Benjamin

Expert

Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Benjamin

Expert

gave the best answer on Oct 13, 2023

Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hi, Agile has been the preferred way of software development in recent years. The iterative and short ‘sprint’ focused approach helps to reduce rework and get to an MVP in a much faster time. FYI - strategy consulting f ... (read entire answer)

2
Answers

1.5 k
Views

5
Total Upvotes

on Oct 13, 2023 on Oct 13, 2023
Last Activity

Resources to brush up accounting/finance concepts

accounting business concepts case interview preparation Finance Good resources

Most recent answer on Sep 01, 2023

Sidi

Expert

McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers

Sidi

Expert

gave the best answer on Jul 22, 2018

McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers

Hi Giorgia, two books which I find extremely helpful to get a fundamental understanding of how to practically think in terms of business economics, financial management and value creation are: Finance for non-fina ... (read entire answer)

3
Answers

6.1 k
Views

6
Total Upvotes

on Sep 01, 2023 on Sep 01, 2023
Last Activity

breakeven for a year

business concepts

Most recent answer on Sep 01, 2023

gave the best answer on Nov 10, 2021

Yes, you have the math right. And yes, you may be asked to calculate breakeven for specific years. These are what-if scenarios, i.e., if I wanted to break even in only two years, how much would I have to sell. In realit ... (read entire answer)

4
Answers

1.1 k
Views

31
Total Upvotes

on Sep 01, 2023 on Sep 01, 2023
Last Activity

Looking for exciting discussions from the community?

Breakeven calcukation

business concepts

Most recent answer on Sep 01, 2023

gave the best answer on Nov 09, 2021

Hi there, I try to avoid blanket statements, but yes, if they want you to figure out how many x you need for y, that's pretty much always a breakeven. Sometimes you'll have to calculate based on margins. Other times on ... (read entire answer)

5
Answers

2.1 k
Views

33
Total Upvotes

on Sep 01, 2023 on Sep 01, 2023
Last Activity

New on PrepLounge: Two new expert guides

business concepts Guides PEI

Most recent answer on Jul 24, 2023

Charlotte

Premium

Skilled

asked on Jul 24, 2023

Coaching Program Manager at PrepLounge

Dear Community, we are thrilled to introduce you to the latest products on PrepLounge: The Economic and Financial concepts for MBB interviews by our awesome expert Clara. You can use this guide to master the must-know economic, financial, markets and pricing concepts for consulting interviews. In addition, you will be able to complement your prep with 6 detailed case interviews. Best-in-Class PEI Stories by our fantastic expert Frederic. With this guide you can uncover secrets to crafting distinctive PEI stories. You will learn how to impress with a storyline rather than standard STAR framewo ... (read entire question)

1
Answer

451
Views

11
Total Upvotes

on Jul 24, 2023 on Jul 24, 2023
Last Activity

Streaming service cost

business concepts

Most recent answer on Jun 07, 2023

Ken

Expert

Ex-McKinsey final round interviewer | Executive Coach

Ken

Expert

gave the best answer on Aug 22, 2021

Ex-McKinsey final round interviewer | Executive Coach

Are you referring to a service like Netflix? Personally, the question I would ask is “how significant is the incremental cost of each additional customer?”. In a case interview, even showing that thoughtfulness, gives t ... (read entire answer)

3
Answers

1.8 k
Views

29
Total Upvotes

on Jun 07, 2023 on Jun 07, 2023
Last Activity

How to improve "commercial insight / business intuition" on the job?

business concepts

Most recent answer on Oct 31, 2022

Maikol

Expert

BCG Project Leader | Former Bain, AlixPartner, and PE | INSEAD MBA | GMAT 780

Maikol

Expert

gave the best answer on Oct 30, 2022

BCG Project Leader | Former Bain, AlixPartner, and PE | INSEAD MBA | GMAT 780

Consulting is quite brutal at the beginning.My experience is that many young or newly hired professionals do not have the top-down mindset activated. To be more top-down, is necessary to be able to think backward. You a ... (read entire answer)

6
Answers

569
Views

41
Total Upvotes

on Oct 31, 2022 on Oct 31, 2022
Last Activity

Common consulting/business lingo

business concepts MBB

Most recent answer on Jun 27, 2022

Clara

Expert

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

Clara

Expert

gave the best answer on Jun 27, 2022

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

Hello! I find that feedback really surprising (and very stupid!). Given that you are already in the middle of the process, the only thing you can do is do as many cases as possible and try to absorb all that lingo. He ... (read entire answer)

6
Answers

811
Views

52
Total Upvotes

on Jun 27, 2022 on Jun 27, 2022
Last Activity

Buyer power vs economies of scale

business concepts

Most recent answer on Feb 14, 2022

gave the best answer on Feb 13, 2022

Hi there, They are different :) Economies of scale Economies of scale is an overarching concept. It means “as I get bigger, my unit costs get smaller” You can see this when making gadgets (Henry Ford and the Model T) or ... (read entire answer)

5
Answers

787
Views

45
Total Upvotes

on Feb 14, 2022 on Feb 14, 2022
Last Activity

Business Expereince

business concepts

Most recent answer on Jan 10, 2022

gave the best answer on Jan 08, 2022

Joining consulting will give you options. You will gain a broader perspective on how corporates work, what good business thinking is, gain contact with business tools, that you are unlikely to get to know if you join yo ... (read entire answer)

8
Answers

956
Views

79
Total Upvotes

on Jan 10, 2022 on Jan 10, 2022
Last Activity

Plug and play type McK math question

business concepts

Most recent answer on Nov 30, 2021

gave the best answer on Oct 07, 2021

You don't have to try every possible combination. You have to order the options from most effective to least effective from a cost per unit perspective and then do as much of the best as you can, then of the 2nd one, an ... (read entire answer)

3
Answers

1.0 k
Views

36
Total Upvotes

on Nov 30, 2021 on Nov 30, 2021
Last Activity

5 yr compound annual growth rate

business concepts

Most recent answer on Nov 30, 2021

Agrim

Expert

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

Agrim

Expert

gave the best answer on Oct 06, 2021

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

CAGR is Compounded Annual Growth Rate. It means: “what was the equivalent rate of growth G across X years, if the value grew by G% consistently across all X years” Hence - CAGR only depends on the start and end points. ... (read entire answer)

6
Answers

1.1 k
Views

82
Total Upvotes

on Nov 30, 2021 on Nov 30, 2021
Last Activity

Do you have a question for our consulting experts, too?

sales increase

business concepts

Most recent answer on Nov 30, 2021

gave the best answer on Oct 06, 2021

Hi there, I love Agrim's answer as it shows you how you have to setup this problem yourself! For most problems in cases, a table is a fantastic way to organize things. Just so you're able to do this next time, take the ... (read entire answer)

6
Answers

677
Views

52
Total Upvotes

on Nov 30, 2021 on Nov 30, 2021
Last Activity

revenue synergy - same or different?

business concepts

Most recent answer on Nov 10, 2021

Adi

Expert

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Adi

Expert

gave the best answer on Nov 09, 2021

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hi, Are you looking at cost savings/revenue synergies once the two firms have merged? or is your question about evaluating synergies to make a decision on go/no-go for M&A or for integration once the M&A is done ... (read entire answer)

5
Answers

766
Views

18
Total Upvotes

on Nov 10, 2021 on Nov 10, 2021
Last Activity

Contribution margin and profit margin

business concepts

Most recent answer on Nov 09, 2021

gave the best answer on Nov 09, 2021

Hi there, If that is indeed what cases are doing, that is totally wrong. Your contribution margin or product profit margin is indeed the price minus the attributable costs (VC). Then the total contribution margin is thi ... (read entire answer)

2
Answers

737
Views

5
Total Upvotes

on Nov 09, 2021 on Nov 09, 2021
Last Activity

Synergies when introducing a new business line

business concepts

Most recent answer on Nov 09, 2021

gave the best answer on Nov 08, 2021

This is great! you've done a nice job here. I'm sure there's more (there always are), but your structure is correct AND your list of options directly tie to the situation + industry. Nice work!

4
Answers

546
Views

18
Total Upvotes

on Nov 09, 2021 on Nov 09, 2021
Last Activity

Profit margin contextualizing

business concepts

Most recent answer on Nov 09, 2021

Francesco

Expert

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Francesco

Expert

gave the best answer on Nov 08, 2021

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there, 1) If profit margin is high, it means we have high revenues and low costs, right? It depends on what exactly the profit margin is referring to (eg net or gross). Plus, you don’t necessarily need to have both ... (read entire answer)

5
Answers

649
Views

30
Total Upvotes

on Nov 09, 2021 on Nov 09, 2021
Last Activity

structuring - how to improve valuation

business concepts

Most recent answer on Nov 02, 2021

gave the best answer on Nov 02, 2021

You are not approaching this correctly. Think about the value of the company, not on the value per share.The value of the company depends on 1. Profitability Levels (volumes and margins) 2. Growth perspectives 3. Risk ... (read entire answer)

2
Answers

504
Views

13
Total Upvotes

on Nov 02, 2021 on Nov 02, 2021
Last Activity

loyalty card

business concepts

Most recent answer on Oct 28, 2021

gave the best answer on Oct 25, 2021

Instead of think about Store B as a different store, think about it as “Store A Profit & Loss Statement before the loyalty card”.You need that data to isolate the specific impact of the loyalty card. Therefore: Loya ... (read entire answer)

3
Answers

646
Views

12
Total Upvotes

on Oct 28, 2021 on Oct 28, 2021
Last Activity

battery costs electric cars

business concepts

Most recent answer on Oct 21, 2021

Agrim

Expert

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

Agrim

Expert

gave the best answer on Oct 21, 2021

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

Are battery costs a major component of electric vehicle costs? Yes. Because its a lot of expensive chemicals and lot of R&D to amortize. It is because of how much it costs to replace them? No, the replacement ‘price ... (read entire answer)

4
Answers

831
Views

25
Total Upvotes

on Oct 21, 2021 on Oct 21, 2021
Last Activity

1 - 20 of 41 results

Consulting Q&A – Ask Questions about Your Career

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top. Here you can also find our guidelines and FAQs for the Consulting Q&A.