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Hello. From your experience, will the case interview sessions be any different say if one is applying for an expert consultant role in a particular industry + the candidate has no consulting experience at all prior to this. Also, any tips/guidelines for such candidates with no prior consulting background but with years of experience in particular industry/sector. Thank you
There is an error in 16:49 about supply and demand If the demand for raw materiales declines while the supply remains constant, the price of the good or service is likely to decrease. Here’s a breakdown of the economic reasoning: 1. Decrease in Demand: When fewer people want to buy the good or service at the existing price, the demand curve shifts to the left. 2. Constant Supply: Since the supply remains unchanged, suppliers will still be offering the same quantity of the good or service. 3. Excess Supply: With reduced demand, there will be a surplus of the good or service at the original price. 4. Price Adjustment: To clear this surplus, suppliers will typically lower their prices to attract more buyers, leading to a decrease in the market price. Therefore, when demand declines and supply is constant, the price generally falls.
Let me know if BOTH are valid hypothesis: 1. With a decreasing demand and a constant supply we could see a decrease in the price of raw materials. Thus, we will be DECREASING variable costs 1. With a decreasing demand we wouldn't be able to leverage economies of scale, potentially resulting in an increase in per-unit costs. Thus, we will be INCREASING variable costs
Deniz here. That’s a great point, I often follow a top down writing style, and I use plenty of abbreviations to make sure that I am caught up with the interviewer at all times.
We recorded another video where Deniz walked us through the entire game, as per Prepmatter’s simulation. But let us know if you’re looking for anything else.
Since your cursor/keyboard activities are also monitored, whenever possible, we advise to use the calculator provided in the game. Also, you can drag datapoints from the research journal to the calculator, and hence, you can avoid making mistakes by using the calculator provided.
Hope you found the insights in this video useful! To further practice the communication tips provided, check out our Get the Offer course. It offers comprehensive case studies to help you master interview skills: prepmatter.com/get-the-offer
When looking at Exhibit 2, could it not be a possibility that the client's increase in price is what was driving the decrease in sales? I know eventually we are told that the decrease in sales is more due to external factors, but why did the candidate not consider that possibility? That it was poor pricing strategy which led to decreased sales? (ie. they priced it too high)
Awesome job explaining 🤝 Thank you 🤗 I hope I can use the knowledge gained to Ace my test tomorrow PS: I am definitely sending you a connection request😄
to validate the estimations discussed in the first part, a public health based approach would be to look up the crude birth rate (cbr) and scale it to the population of london. with a cbr of 10 across the UK for 2022, assuming that the cbr of london is identical to that of the UK, this would yield a total of 80k successful pregnancies per annum. very close!!
Hi! Great Video! Just had a question in the ecosystem game when we start building the food chain, here once you add the first layer of animals and form a sustainable food chain up till that layer and then proceed to add the turtle layer on top and then you check independently just that when the turtle eats does its food source die or not. But shouldn't we check for the entire food chain starting from those species with the highest calories provided and then proceed sequentially to check the sustainability of the food chain? Edit : I know that it works out perfectly in this example, but will it always work out ?
Hi Deniz! Appreciate all the great content, it has been very helpful. I'm thinking about enrolling into the get the offer course. Any chance I could get a promo code? 😇
If there are 3 sets of temperatures and elevations, is it possible to create a sustainable ecosystem in each of these regions, because I believe that you selected the region randomly.
Great video ! My only struggle was - how did you do know the number on the top of the costs graph represent revenue, it is not mentioned in the legend anywhere.
Great content - thanks! It might be just me, but you are speaking (or reading from a script) a bit too fast. Just a recommendation: slowing down a bit on the explanations and change of topics a bit would help us catch all the great points you're sharing. Thanks for your awesome work!
First, McKinsey gives all the info in the prompt, their prompts are giant … the only representative cases of the real interview are the cases on their website… he asked a lot of “clarifying” questions in the beginning that are not for clarification… clarifying questions should be brief to clarify a term, capture a missed number etc… not to uncover hidden information or start solving the case in the clarifying questions! The interviewer won’t let you go that far with the clarification questions! Second, this is definitely a vague structure and not tailored to the case… you cannot call hospital patients , customers! They are patients… competition is comparable hospitals and labs… I would Substitute risks with benefits to the patients and to the hospital and should add cost comparisons for in house vs out of house (using third party!) under financials …
Question, at first you said since Blue Jellyfish eats Red Moss and Sea lettuce, we have to assume it eats equally from both, so 1500 each. Why when you are analyzing what Sea urchin will eat, which eats Sea Fan and Sea lettuce, you just take all the calories it needs from one source (Sea Fan) and not considering it taking the 775 calories left from the Sea Lettuce also? Why it is eating the 3000 straight from the Sea Fan? Thanks @prepmatter
Can I not move yellow to the Middle (Step 1), move green to the far right (Step 2), move pink to the middle (Step 3), move green back to the far left (Step 4), move blue to the middle (Step 5), move green back to the far right (Step 6), move red to the middle (Step 7) and then move green to the middle (Step 8) ?
Just complete my PSG and wanna say thank you for having this walkthrough video, I went through my ecosystem game with no stress and completed within 15 minute. It just that I overspent too much time on using the on screen calculator and understanding the journals for Redrock part, despite the question and the long paragaph is easy. Will update here again if I pass the game and able to proceed to next round. Bless me ✨✨
Hi, I have had test yesterday and got invitation to PEI. I made ecosystem task in 18 minutes. I had to change some initially chosen participants, which made me feel nervous. But I managed to change them fastly. Thank you so much for your tutorial.
Thank you for the content! By following your tips, I was able to finish ecosystem task with enough time to triple check calculations. For Redrock, I definitely needed to do more practice questions. Hopefully in less then two weeks I will get a response from the firm.
Great video! Quick question... On a case like this, would it not have been beneficial asking a clarifying question regarding whether or not we are the only firm in the industry experiencing declining profits? I feel like that would have saved some time that would be better spent during the case. Then for example if the answer was "no, all other cement firms within the area are experiencing declining profits", how would the root cause analysis bucket change? Would you still communicate the quantitative causes with more of an emphasis on the qualitative causes? Thanks so much!
Thank you for your question! We recommend not asking this question at the beginning of the interview. Most interviewers prefer that candidates delve deeper into the financials later in the discussion. It is generally good practice to start by internally understanding the root cause of the problem before inquiring whether it is specific to our client or a market-wide issue.
why would sea urchin consume sea fan entirely, when it derives some of its caloric needs from sea lettuce? you should've clarified this part in the video
the species are typically organized across three key depth ranges. So starting with this indicator will help eliminate two-thirds of the potential species.
10:08 Thanks alot!!! I don't understand why Spade Fish was removed. Isn't it true that the ecosystem would survive even if Sea Urchin, instead of Spade Fish, was removed? If that's the case, the remaining calories for the Sea Fan would be 3,500 - 2,400 = 1,100, right?😮
Hi, I just took the PSG and it was terrifying. I also had the third task about categorizing microbes according to the attributes. It was mentioned nowhere on the web, and had a hard time getting through it. It might have been a new part of the game they're testing. My ecosystem creation game was somehow different(It had 4 levels and spent a lot of time working it out) too. I'm wondering if anyone had the same experience with me. Seriously, these guys are evolving so fast... anyway, your video was great! I did great on the first two tasks except the third one i screwed up thx to you. I appreciate it.
Could you let us know which office you applied to? We only heard about this game a couple of weeks ago, and it is being piloted in only a few locations.
Had three as well. The ecosystem was Tropical forest, where the first scenario in the middle height did not add up, so had to restart. at another location. The calculations in Redrock where though and did not manage last mini-case. I would consider the last one the easiest one, but maybe I did not get it..ha ha It took 2h in total - pure adrenaline.
In the Redrock Study, Question 4 of the Analysis, why is the percentage difference calculated the way you did? I would think it is more ((summit-base)/summit)*100%
the profit calculation assumes that profit factor remain the same over 5 years period.. what will be a good multiplier factor? Profit margin expected to increase or decrease YoY?
In a real-life scenario, the revenue and costs would increase at around the same rate, and margins would likely stay the same. In the actual case interview, it might be a good idea to check with the interviewer if we should keep price, quantity, and costs constant over the next 5 years. In most cases, for simplicity, you can keep them constant. However, if the interviewer pushes you to consider a different solution, you could run an NPV analysis for 5 years with a discount rate of 10% (which is the most common WACC rate).
