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I have an engineering background, and I know nothing about business. Do I just trust the process on Preploung or I need to do something extra ?

preparation

Most recent answer 19 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Apr 29, 2024

#1 rated MBB & McKinsey Coach

Hi there! Not sure what you mean by ‘trust the process’ :) but Preplounge is one of the best places where you could be to learn more about how to get into consulting. Adding here a couple of articles that are further t ... (read entire answer)

8
Answers

97
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41
Total Upvotes

19 hrs ago 19 hours ago
Last Activity

Relocation bonus negotiations - advice

bonus negotiation relocation

Most recent answer 20 hours ago

Hagen

Expert

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hagen

Expert

gave the best answer on Apr 25, 2024

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there, First of all, I am sorry to hear about your negative experience with the relocation bonus! I would be happy to share my thoughts on your situation: First of all, I would advise you to reconsider reaching out d ... (read entire answer)

7
Answers

84
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68
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20 hrs ago 20 hours ago
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Math formulae

Consutingmath

Most recent answer 20 hours ago

gave the best answer on May 22, 2021

Hi there, 100% Recommend Rocket Blocks. Online "Drills": Preplounge has some Math sheets (print these and do them on paper): Google "Math Drills" In addition to that, you can ask other PrepLoungers to case yo ... (read entire answer)

5
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769
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44
Total Upvotes

20 hrs ago 20 hours ago
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Looking for exciting discussions from the community?

Quantify/Calculate Synergies - Formulae

Synergies

Most recent answer 20 hours ago

gave the best answer on Oct 02, 2021

It's difficult to give a complete answer to this, so let me mention a few relevant points and maybe other coaches can complete the answer: At a high level you compare the Merged company profitability with the “As is” co ... (read entire answer)

4
Answers

851
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28
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Can someone explain why this is the formula for the number of smart-meters?

Smart Meters

Most recent answer 20 hours ago

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 Mar 22, 2021

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

Hello! Not sure that I understand what you don´t understand, could you rephrase? My understanding is that: Households property in Hamburg * Smart Meters per householdsproperty + + Commercial property ... (read entire answer)

6
Answers

905
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44
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20 hrs ago 20 hours ago
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Area formulae MBB

MBB

Most recent answer 20 hours ago

Anonymous B gave the best answer on Jul 24, 2021

Unlikley but its pretty basic... you would question the CV as you would have covered them in middle and/or high school...

7
Answers

989
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37
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Converting an internship application into a full time application - McKinsey Europe

Application associate internship McKinsey

Most recent answer 20 hours ago

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 Apr 24, 2024

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

Hi Mary, Q: I also have more than 2 years of full-time experience. Is it possible to convert my application into a Junior Associate role or even an Associate role? With 2 years of experience, you should still match the ... (read entire answer)

5
Answers

114
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63
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Basic Tips and Formulas for Financial Question

financial analysis M&A Case Net Present Value

Most recent answer 20 hours ago

Anonymous gave the best answer on Apr 30, 2020

Hi! Given your background in engineering, it is unlikely the interiewer would grill you on very techincal M&A or investment questions. That said, do prepare for basic business and finance knowlege. Read the cou ... (read entire answer)

8
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1.5 k
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6
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20 hrs ago 20 hours ago
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Common math formulas

math quantitative

Most recent answer 20 hours ago

gave the best answer on May 10, 2021

Hi there, Some key formulas/concepts: Breakeven NPV (with + without growth, perpituity + 1-2 years from now) % Change ROI Margin Markup Inventory turnover Some other helpful Q&As: https://www. ... (read entire answer)

5
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1.5 k
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50
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20 hrs ago 20 hours ago
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Formula for growth

case math

Most recent answer 20 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer 20 hours ago

#1 rated MBB & McKinsey Coach

For anyone else who is preparing for case interviews, I’ve put together this material that covers virtually all the formulas you need: Cheatsheet: The Must-Know Consulting Terms for Interviews Best, Cristian

4
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1.5 k
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5
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20 hrs ago 20 hours ago
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Price Formula Help

BCG Case Interview McKinsey

Most recent answer 20 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer 20 hours ago

#1 rated MBB & McKinsey Coach

2
Answers

1.7 k
Views

4
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Technical interview about M&A: WACC formula for a private company

M&A M&A Case Valuation

Most recent answer 20 hours ago

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 Apr 12, 2021

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

Hello! I agree that this seems more complicated than what you are going to find in such interviews. What you need to know how to do is: NPVs, knowing the: r, disccount rate C, capital n, number of yea ... (read entire answer)

3
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2.3 k
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28
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20 hrs ago 20 hours ago
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Do you have a question for our consulting experts, too?

When to formulate an hypothesis?

Case Interview hypothesis

Most recent answer 20 hours ago

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 Jan 16, 2019

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

Hi Hubert! My general recommendation is: delay the explicit statement of a hypothesis until you have something to ground your hypothesis on! Just stating a hypothesis for the sake of it serves absolutely no purpose! M ... (read entire answer)

4
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2.8 k
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14
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Business math cases

balance sheet income statement Math problem Valuation

Most recent answer 20 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Apr 23, 2024

#1 rated MBB & McKinsey Coach

Aviv, Great to see that you're targeted in terms of practicing your business maths. Honestly, you don't need ‘Income Statement, Balance sheet, Valuation (Both Comparables and DCF).’ for consulting interviews. Unless yo ... (read entire answer)

4
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81
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47
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

What formulas to use during the BCG Online Case?

BCG formula Math problem

Most recent answer 20 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer 20 hours ago

#1 rated MBB & McKinsey Coach

If you know the ones from this link you're covered. It would be an absolute exception for a different one to show up. Cheatsheet: The Must-Know Consulting Terms for Interviews Best, Cristian

4
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2.9 k
Views

4
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Discount rate & NPV formulas

BearingPoint Case: Digital Business Model of a Parking App

Most recent answer 20 hours ago

Anonymous gave the best answer on Oct 16, 2020

In nutshell: Would you prefer to receive 1000 USD now or in one year? I guess now. So basically the 1000 USD in one year have a "smaller" value than 1000 USD now. Let's build on that. If I give you 1000 USD now ... (read entire answer)

4
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3.7 k
Views

29
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

I want to start practicing with people online but the past 3 days, all meetings I had to attend, no one showed up. I'm not sure if something is wrong with my setup..

Practice cases

Most recent answer 20 hours ago

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Apr 24, 2024

#1 rated MBB & McKinsey Coach

This is quite a common problem as I understand from my own candidates. Unless it's a technical issue involved, then it has to do with the reliability of some practice partners. Some people just don't show up for peer ... (read entire answer)

5
Answers

82
Views

20
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Formula Sheet for Oliver Wyman's Numerical Reasoning Test

formula numerical reasoning test Oliver Wyman Oliver Wyman numerical reasoning test

Most recent answer 20 hours ago

Vlad

Expert

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Vlad

Expert

gave the best answer on Jun 21, 2018

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi, Basically, any entry-level GMAT book will contain all the formulas. Since for you it's more about the theory rather than questions, you don't even need to buy anything. You can just download any outdated GMAT book ... (read entire answer)

5
Answers

4.9 k
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30
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Prepare for the job

Bain

Most recent answer 20 hours ago

Oliver

Expert

Former BCG interviewer (75+ interviews for associates, consultants and MBA hires) | I will make your practice perfect

Oliver

Expert

gave the best answer on Apr 24, 2024

Former BCG interviewer (75+ interviews for associates, consultants and MBA hires) | I will make your practice perfect

Hi there, First of all, I advise you not to worry too much about your business background knowledge before starting your internship. Many hires, the majority in some regions, do not come from an economic or business bac ... (read entire answer)

8
Answers

110
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91
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

Bcg finance formulas

BCG Case Interview case math Case structure and frameworks Finance formula Framework Market sizing math McKinsey quants

Most recent answer 20 hours ago

Vlad

Expert

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Vlad

Expert

gave the best answer on Mar 18, 2018

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi, Here is a set of things you need to know: 1) Math and formulas: Interest rates calculations Compound margin NPV using the Rule of 72, Perpetuity CAGR using the Rule of 72 Currencies exchange calculat ... (read entire answer)

10
Answers

34.8 k
Views

66
Total Upvotes

20 hrs ago 20 hours ago
Last Activity

21 - 40 of 15241 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.