Your interviewer will begin by explaining the client’s situation. Listen carefully and take time to fully grasp the initial situation. Also consider whether you have all the necessary information that you need to solve the case. Don’t be afraid to ask questions – often the available information does not fully describe the situation.
Derive the problem from the initial situation. Hypothesise the cause of the problem and think about possible analyses you wish to undertake in order to answer the key questions.
On your path to pinpoint the solution, first focus on the issues with the biggest impact. Be pragmatic and do not get distracted or bogged down with the details.
With the limited information available, your interviewer will act as a ‘sparring partner’ by asking you questions about your comments, hypotheses and conclusions. They will then take on the role of the client. Demonstrate business judgement through your comments and explain your approach in detail!
The interview is a dialogue between you and your interviewer. Often there are no specific right or wrong answers in our interviews, and you are not expected to know everything. The goal of the interview is to learn about your approach to solving business problems in a structured way. Remember to be precise and transparent in communicating your approach.
At some point, the interviewer will ask you to do some simple calculations. The purpose of this is not to test your computational skills but to see if you have a feeling for numbers and for orders of magnitude. You should be able to form opinions quickly and make fact-based decisions.
Summarise your thoughts and draw conclusions from your analysis.
At the end of the interview, you should summarise the main hypotheses and options that you have developed. Then close the case with your recommended solution to the client’s problem.
The most important point is to be yourself and enjoy the interview. Our cases are not theoretical problems but actual problems from our consulting practice. We really want you to enjoy the interviews. If that is the case, you will probably also enjoy working at CODEX Partners!