Welcome! My name is Kim Tran, a former McKinsey consultant and the founder of the platform Management Consulting Prep. The insights I am about to share with you are the results of years of experience in both management consulting and in case interview coaching.
You can immediately apply to pass the deadly McKinsey PST, BCG Potential Test, all consulting case interviews and finally snatch the offer of your dream.
Could you explain what is included in your simulation package? How many practice tests for ecosystem building? Does it include both terrestrial and marine environments?
You did a great job explaining the operating structure. But still don’t understand the money side. Who gets to keep the ultimate profit? Does the project owners keep it all?
The adjusting part is the main part of this video. It is not explained clearly. You could have shown the adjustment bar on each calculation. Could not fully grasp the idea.
🎯 Key points for quick navigation: 00:00:00 *🎬 Introduction to the Session* - Overview of session structure, - Purpose and format of the mock case interview, - Introduction of participants and their backgrounds. 00:03:56 *🎓 Introduction to the Case* - Description of Russell University and its current challenges, - Explanation of the online course offerings and their lackluster performance, - Overview of the acquisition target, Eduline, and the university's goals. 00:05:52 *📊 Initial Analysis and Strategy* - Identification of factors to evaluate the acquisition, - Clarifying the client's goals and assumptions, - Discussion on market attractiveness, Eduline's value, and potential synergies. 00:14:06 *💸 Financial Assessment* - Calculation of revenues and costs associated with the acquisition, - Discussion on integration costs and expected user base growth, - Determination of the maximum value Russell University should pay for Eduline. 00:24:36 *🧮 Financial Calculation Issues* - Discussion on total revenue over three years, - Correction of calculation errors and final revenue estimate. 00:27:01 *💰 Cost Analysis and Profit Estimation* - Deduction of upfront and recurring costs, - Calculation of maximum price Russell University could pay for Eduline. 00:28:01 *📈 Market Insights from Exhibit* - Comparison of online and traditional enrollments, - Analysis of price points and market positioning. 00:36:33 *⚠️ Risks and Mitigation Strategies* - Potential risks in acquiring Eduline, - Importance of piloting the program and testing the market. 00:39:06 *🔍 Final Recommendations and Client Synthesis* - Summary of key points and final recommendation, - Consideration of UK vs. US market differences and future steps. 00:41:34 *🗣️ Candidate Self-Evaluation and Feedback* - Andrew's self-assessment and areas for improvement, - Feedback on speed vs. quality in case interviews and approach to interviewer dynamics. 00:47:34 *🧑💼 Simulating Client Interaction* - Importance of simulating client interactions, - Persuasive communication without direct confrontation, - Role of interviewer as a guide. 00:49:01 *📝 Detailed Feedback on Case Framework* - Importance of taking the lead and providing structured answers, - Validating data and synthesizing context, - Need for original structures and deeper analysis. 00:54:32 *🧮 Calculation and Computation Strategy* - Step-by-step approach for financial calculations, - Importance of taking time and presenting the logic first, - Engaging the interviewer and co-developing the approach. 01:05:00 *🔍 Data Interpretation Techniques* - Describing exhibits before interpreting, - Importance of taking time to digest data, - Presenting structured insights with supporting data points. 01:08:00 *📊 Market Opportunity and Client Potential* - Analysis of demand for online education, - Russell University’s missed opportunities in the online market, - Potential benefits of acquiring Eduline to align with competitors. 01:09:28 *🧩 Exhibit Clarification and Data Issues* - Clarifying data points and exhibit confusion, - Importance of asking questions to avoid misinterpretation, - Strategies for taking a step back when facing confusion. 01:12:01 *💡 Structuring Brainstorming Sessions* - Structuring brainstorming sessions for clarity, - Listing risks and their mitigating actions, - Importance of taking time to provide a structured answer. 01:14:33 *🧠 Frameworks and Recommendations* - Using a template for recommendations, - Stating main questions, supporting reasons, risks, and next steps, - Importance of clear and engaging delivery. 01:17:39 *📞 Q&A and Final Thoughts* - Importance of defending recommendations rather than the direction, - Engaging with the interviewer as you would with a client, - Focus on presenting skills rather than specific knowledge. Made with HARPA AI
Hi, I have a question in question 1 why do you add initiative B to the number of clients increased and not to the lead 0. I understood everything else! Great Video!
Thank you so much for doing this! As someone who hopes to become a consultant, your videos really support my dream further. Now I feel that much closer to the dream! Thank you again!
If i have an animal that eat 3 sources with different calories. I can split its needed calories by 3 and then i subtract it from each food source? Or i should start from highest first then go for the other?
This is amazing, Cristian. Love the feedback session, how deep and insightful you are on each aspect when it comes to giving feedback. I am from India, and also planning to crack consulting in top MBB. I watch your videos everyday and practice along. Keep up the great work!
The final was very long, cramming too many details in it. Jargon-filled language without a clear and concise solution. "Mr CEO" might have lost interest
Shouldn't mini case question 2 be 65%, not 55%? Since it says, the chance of finding treasure on at LEAST one island? So both islands would be ok as well?
the idea is when you just do P(A) + P(B) you are overcounting for the case where there is a treasure on both islands. So you should subtract that intersection value. This does not change the fact that both islands are okay, but you are treating the case of overcounting.
Another way to look at it is do P(X>=1) = 1 - P(X=0) and calculate P(X=0) which is just the multiplication of (1-P(A)) and (1-P(B)). In this case you do 1 - (0.45) = 0.55
I think there was a mistake in case 4. I think it asks you to calculate the average growth seen in the last 4 periods, add 5 percentage points and use this number to calculate how much gold coins are expected for the current year. This would make necessary to use all the avg gold coins from the previous years and the 5 percentage points, right?
At 12:53, why are not taking the denominator as 30 for Peasant Fortune since the total number of captures will also be increasing for the current year?
No Since the chances of capture are increasing by 15% and 5% not the number of ships captured. So we need to calculate the new chance of capture of red and black flags. Previously the chance was 9/24 and 6/24. The new chance would be (9*1.15)/24 and (6*1.05)/24. We use this new chance to calculate the number of ships captured in the coming year. Again its the chances not the number of ships
