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In addition to introductory Finance and Accounting textbooks, we highly recommend that these candidates read the Street of Walls Investment Banking Technical Training guide, which addresses complex details around Financial Statements, Accounting and Valuation at a very detailed level.
However, be aware of the “famous” frameworks in case they are mentioned in an interview setting, and don’t be shy about referencing them as you dive into the specifics of the Case Study you’re evaluating.
Porter’s Five Forces has become an incredibly well known framework in the business strategy world. Porter’s Five Forces is a high-level framework that you can draw upon to perform a market landscape and competitor dynamics analysis.
The “3 Cs” approach is to address any Case situation by assessing the: involved in a case (for example: how to increase sales resulting from any profitability optimization case, deciding on an approach to enter a market, etc.).
When combined with the 3 Cs, this framework can cover many topics and as you practice more Case Study questions, you’ll develop a better sense of when and how to draw from these frameworks.
Although these concepts will not be tested and do not form a major part of general Consulting Case Study interviews, these topics can appear in a general discussion about a particular business situation and you should be able to discuss them at least on a basic level.
If you are applying for a job in Business Development, or for a Consulting position in a Corporate Finance group or at a firm that does a lot of Corporate Finance Consulting work, then you should definitely study up and be prepared for these core Finance and Accounting concepts, because they will likely be tested on in detail in your interviews.These techniques tend to be numerical, and occur frequently, although none are comprehensive or broad enough to fall into the category of a “Framework”: Unlike Investment Banking interviews, which can be detailed and highly technical in terms of Finance and Accounting, Consulting interviews and the Consulting job itself revolve much more around estimation and exercising business judgment and “what-if” analysis.Rarely would a Consultant be called upon to develop and maintain a detailed, precise financial model for Discounted Cash Flow valuation, for example.For example, a Company bringing a new product to market would require a market size analysis, competitor analysis, as well as understanding the key customer segments.The more you practice, the easier the cases will become and the more articulate and structured you’ll be in your answers.However an interviewer could potentially ask you for a SWOT analysis, and you should be prepared to apply it in that case.SWOT is effectively a quick, high-level market landscape/competitive dynamics analysis arranged using the following terminology: to other, related industries or sub-industries within the economy.Do you have an upcomming job interview with a management consulting firm such as Mc Kinsey, BCG, Bain, Strategy& (formerly Booz), Deloitte, Mercer, Monitor, PWC, Accenture, Roland Berger, L. Together we understand the recruitment process of top management consulting firms because we've worked inside them and now regularly interview candidates just like yourself. If you answered yes to either of these questions then you are about to face several rounds of challenging ' Case Interview You can access some free sample case interview questions to build your analysis skills or just go right ahead and purchase the popular Ace The Case guide (2015 edition) to truly gain the edge in your next management consulting job interview.The “4 Ps” approach is to address a marketing-oriented Case situation by assessing the: SWOT analysis is more of a mini-framework, specifically for quickly evaluating a single company in an industry.In that regard, it’s far less complete than other frameworks, and can often miss important details.