What kind of frameworks can I apply to solve case study for a FinTech Consultant role at Deloitte Canada?

Deloitte Consulting Digital transformation fintech
New answer on Jan 13, 2020
5 Answers
2.1 k Views
Anonymous A asked on Jan 11, 2020

I'm interviewing for a Financial transformation Consultant role at Deloitte Canada , and am quite nervous about the preparation as I do not have prior experience in either interviewing with Big 4 or case studies as such. I wish I had the privilege to receive more time for preparation but unfortunately this role is an urgent requirement and they are filling in ASAP.

(edited)

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Francesco
Expert
Content Creator
replied on Jan 12, 2020
#1 Coach for Sessions (4.000+) | 1.400+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 9Y+ Coaching

Hi Anonymous,

the initial structure you use in a case depends on the case itself – thus just knowing the position is for a FinTech Consultant role doesn’t make possible to suggest a specific one you could use. It is likely you will find operations cases given the role, but there are no guarantees.

I agree with Vlad and would try to reschedule the interview – many candidates prepare for case interviews in tens of hours and you would be at disadvantage compared to the competition if you don’t do a minimum of 25-30 cases before the first interview. If that’s impossible, I would recommend to still practice as much as possible with experiences peers or experts before the day of the interview.

In terms of specific suggestion for the prep, I would recommend the following:

  1. Define a calendar for your preparation. Identify how many hours you have before your expected interviews, then allocate a time slot for preparation in your calendar for each day, working on the following points.
  2. Read Case In Point or Case Interview Secrets for a general understanding of what a consulting interview is. Don’t focus on the structures proposed in the books though, as they are not good enough nowadays.
  3. Start reading good MBA Consulting Handbooks – you can find several for free online (Insead is a good one to start). Read the cases and try to apply your structure. Whenever you see there is something missing, upgrade your structure with the new insides. Try to read at least a new case per day – in this way you will absorb a lot better the information with constant learning. Structure your remaining daily preparation with at least 5-10 minutes per day for each of the following: market sizing, fit questions and mental math.
  4. After you have read the first 10 cases in books/handbooks and basic theory, start to practice live. There is a relevant part of the interview score that is based on your communication, which you cannot practice at all if you read cases only. Keep track of your mistakes and see if you repeat them. If so, try to identify the source of the mistake (feedback of experienced partners would be particularly useful for this). Be sure to focus on both fit and case.
  5. Once you feel you are not improving anymore, if you have a tight time constraint or if you want a realistic assessment of your level, consider using support from experts to strengthen your performance
  6. Before the interview, be sure to prepare your questions for the interviewer –great way to show you prepare in advance and to connect more with the interviewer for a good final impression.

Best,

Francesco

Was this answer helpful?
Anonymous A on Jan 12, 2020

Thanks for the advise, I'll take that into consideration.

Antonello
Expert
Content Creator
replied on Jan 12, 2020
McKinsey | MBA professor for consulting interviews

Hi,
with no chance to postpone because of this urgency, the only thing you can do is set up a structured preparation plan that quickly fixes the theory (e.g. with Cosentino's case in point and articles here in the platform https://www.preplounge.com/en/bootcamp.php ) and then makes you practice with good candidates some mock case (ideally more than 30). How much time do you have before the interview?

Best,
Antonello

Was this answer helpful?
Anonymous A on Jan 12, 2020

Thank you, I requested the HR. Meanwhile, I'll go through the link you shared and work on building strong case study interviewing skills.

Vlad
Expert
Content Creator
updated an answer on Jan 12, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

Solving cases is not about the frameworks. Please reschedule your interview if you are not prepared. Any asap role can wait for one-two weeks more. HRs will always be pushing you - that's absolutely fine. Invest your time in prep to feel confident. There is no magic pill that will help you become prepared and there is no magic answer here that can help.

Best

(edited)

Was this answer helpful?
Anonymous on Jan 12, 2020

Thank you for the response.

(edited)

Clara
Expert
Content Creator
replied on Jan 13, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

I would totally advise you to call HR and tell them to postpone your interviews. If you don´t have enaugh preparation, your don´t stand a chance, unfortunately.

Hence, better to "fight" a bit with HR -for sure they are going to pressure you, it´s their job!- than losing your one-shot.

Hope it helps!

Cheers,

Clara

Was this answer helpful?
Luca
Expert
Content Creator
replied on Jan 12, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

Hello,

How much time do you have for you preparation?
If you have never studied for cases I would say that you need at least 20 days to have a significant preparation. HR have their targets and sometimes they try to make pressure on candidates but you could try to push them back. Remember that if you fail the interview you could have a ban period before having the possibility to re-apply.

In order to prepare, if you have few time, I would suggest to read the Consentino's book (skipping the first chapters) and then to practice with other people, either candidates or coaches. Practicing with other people is the only way to quicly improve.

Feel free to contact me if you want to discuss further your possibilities.

Luca

Was this answer helpful?
Anonymous A on Jan 12, 2020

Thanks Luca. I put a request for postponement. I'm expecting other interviews coming next month, so would start with what you've suggested. Appreciate your insight.

Luca on Jan 12, 2020

Feel free to text me if you want to discuss a detailed preparation plan. Best, Luca

Francesco gave the best answer

Francesco

Content Creator
#1 Coach for Sessions (4.000+) | 1.400+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 9Y+ Coaching
4,066
Meetings
28,505
Q&A Upvotes
297
Awards
5.0
1494 Reviews