I understand Retail, CPG, Telecoms etc., but they are massive.
Is there any more info on the subsections of the industries?
Thanks!
I understand Retail, CPG, Telecoms etc., but they are massive.
Is there any more info on the subsections of the industries?
Thanks!
Hi,
It can be basically any sub-industry. 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
There are several sources of information that will help you develop the business sense:
1) Company reports, equity reports, IB roadshow docs - Probably the most useful source. They usually have a good overview of the company and industries.
2) 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
3) HBS cases - quite useful, but not sure if lot's of them available publically. Probably worth buying
4) Industry 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 drawing the typical structures for each industry - profitability, value chain, etc
Then I will switch to getting functional knowledge:
Good Luck
It really varies, and is very hard to generalise. Some thoughts below:
- The one "industry" / type of case that comes up a lot at Bain specifically is Private Equity cases.
- McKinsey is more likely than B/B to ask questions from non-profit / pro-bono sector
Other than that, I wouldn't worry too much about going deep into sectors - it's actually more important to practice types of cases (e.g. market entry, growth, profitability) than industries.
Good luck!
Best tip I'd give ya is that most interviewers use their past experience to formulate cases. In short, if you know who is going to interview you always check what vertical they are working on and prepare accordingly.
Hi,
Most case are derived from interviewer' pas exeprience. So if you want to identify which industry will more likely be submitted to you, you can look for info about what practice is the most developped at the office x firm you are applying for.
But honestly I think this will be difficult to anticipate.
Best
Benjamin
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