A case interview is a job interview in which the applicant is presented with a challenging business scenario that he/she must investigate and propose a solution to. Case interviews are designed to test the candidate's analytical skills and "soft" skills within a realistic business context. The case is often a business situation or a business case that the interviewer has worked on in real life.
After the applicant is given information about the case, the applicant is expected to ask the interviewer logical questions that will help the applicant understand the situation, probe deeper into relevant areas, gather pertinent information and arrive at a solution or recommendation for the question or situation at hand.
Case interviews are mostly used in hiring for management consulting jobs. Consulting firms use case interviews to evaluate candidate's analytical ability and problem-solving skills; they are looking not for a "correct" answer but for an understanding of how the applicant thinks and how the applicant approaches problems.
During case interviews, interviewers are generally looking for the following skills:
- Numerical and verbal reasoning skills
- Communication and presentation skills
- Business skills and commercial awareness
Candidates are often asked to estimate a specific number, often a commercial figure (such as market size or profitability) or determine action plans to remedy a business problem (such as low profitability or decreasing market share). Questions are generally ambiguous and require interviewees to ask questions or make assumptions to make a reasonable, supported argument to their solutions. Candidates are expected to demonstrate reasoning rather than to produce the exact answer.
A case interview can also be conducted as a group exercise. Here several candidates are given some briefing materials on a business problem and asked to discuss and agree upon a solution. The interviewers normally sit around the exterior of the room as silent observers. They assess candidates' communication and interaction as well as analytical thinking and commercial awareness. Interviewers "red flag" candidates who try to dominate the conversation; consultants work in teams so it's important to be a team player.
Video Case interview
Frameworks Used by Business Analysts
- Benchmarking: comparison of metrics to competitors
- Balanced Scorecard: tracking key objectives as a prevention method
- Porter's Five Forces: industry analysis to assess potential company profitability
- The General Electric-McKinsey Nine-Box Matrix: used to help assess opportunities
- The BCG Growth-Share Matrix: used to assess relative product line strength
- Core Competencies: define proficiencies in areas unique to the company
Maps Case interview
See also
- Case method
- Management consulting
References
Further reading
- Chapter 5, "Mastering the Case Interview", in Management Consulting: A Complete Guide to the Industry, Sugata Biswas and Daryl Twitchell, John Wiley & Sons (January 1999), ISBN 978-0-471-29352-1
- Nina Munk and Suzanne Oliver, "Think Fast", Forbes, March 24, 1997, pp. 146-51.
- Tim Darling, How to Get Into the Top Consulting Firms: A Surefire Case Interview Method - 2nd Edition, 2011, page 21, ISBN 978-0-615-27989-3
- Tom Rochtus, Case Interview Success - 2nd Edition, 2011, page 27, ISBN 978-1-4564-5018-2
- David Ohrvall, Crack the Case System: Complete Case Interview Prep, 2011, page 97, ISBN 978-0-9744428-4-6
- Mark P. Cosentino, Case in Point: Complete Case Interview Preparation, 8th Edition, 2013, page 12, ISBN 978-0971015883
External links
- "Management Consulting Case Interview Sample Questions", by Northwestern University Consulting Club
- "The Case Interview", University of Maryland Student Career Center, retrieved January 1, 2008, via archive.org
- "Case Interview Resources" (pdf), MIT Careers Office
Source of article : Wikipedia
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