Love this! Practicing solving problems on paper, documenting steps, and most importantly putting ourselves into the shoes of the clients, this really is what the case interview portion is about. Can we logically build solutions from existing data and process.
Thank you ! It’s an interesting way of thinking not only for consulting firms, but also in our daily tasks and challenges. So useful and easy to understand! you could have been a teacher
In my earlier practices, I was suggested to discuss bucket 4 (succes measures) in the clarifying questions beforehand, and adapt your framework to what the discussed goal is (if possible). So e.g. in this case bucket 4 would either be profitability or market cap, depending on what target the interviewer discusses is most important. How do you feel about that approach?
Really nice structure. However, there’s a key part you’re missing out: How are you understanding your customer profile and shop behavior in order to structure your GTM? I’d definitely consider this on your success bracket. Have a wonderful week!
It's a bit contradicting here: 1:50 On one hand they do want us to use a framework. On the other hand they don't want you to use a pre-existing one? Well if I have the same M&A questions for the 9th time why would I use a different framework for the 10th time even though it had proven to be useful? Sure we have to customize our framework according to given questions & the deeper the case goes. But then again you will often face the exact same veriables to solve the exact same problem right? Hence, my framework will have very similiar approaches whenever I face a very similiar problem. Isn't that logical?
Let's say, for example, a general M&A framework might have 8-10 areas that you could consider, but based on the specific prompt, some areas are more important than others. Key here is to figure out the most important several areas to structure your problem solving around
Angie, for your pandemic example, did you ever consider/do pro bono work to help struggling businesses that may have not been able to hire an outside consultant? I always thought that would be a cool thing for a company like McK to do. Individually or as a team. Imagine, having a team of consultants currently on the bench going out to economically disadvantaged areas and helping individual businesses thrive and grow within a target area.
Hey I definitely agree, although I'm not involved, I did hear McKinsey were working with governments around the world on Covid strategies, and the firm also does pro bono work on a regular basis
Hi Angie! I really loved this video! I just ask you a couple of questions i'd really need the answer to: - Are McKinsey case interviews always interviewer-led? And is the structure more or less always a) general context problem solving question; b) analytical part with exhibit, c) "creative" solution and final recommendation? - Is the case interview different (i.e. level of difficulty) for a business analyst and a junior consultant / junior associate? Thank you very much in advance for your answers and for your really useful content!
Hey super sorry for the late comment. It typically is interviewer-led, but always check with recruiter. I haven't encountered junior consultant role, so cannot comment on it
Excellent video, quite useful and beneficial. I practiced the Asian food question, and there is a difference in my note from yours. Perhaps the food pricing in the issue tree might be altered to reflect the average amount paid per customer/order? Then you may further divide it into item prices and number of items ordered. As you mentioned, it's difficult to increase the price of items, but the quantity of items is something the owner may experiment with (e.g. encourage customers to order more each time).
I really enjoyed how you structured iFLY's international development utilizing a specific and unique "framework." I usually have trouble naming the various components - instead of "company," you called it advantage, and instead of "financial implications or so," you called it success. Thank you for the video again, very intersting and enlightening.
@@missangielu Thanks for asking:) I struggled with the case details and sadly didn't build a proper structure, but I was pretty fast with numbers. I think there is 1/4 chance of progressing. I'm very calm and still progressing on my career (certification) studies.
@@TheSexyEzis Yes, did not get it but I got another offer anyways. I'm kinda glad I didn't get McKinsey because I actually don't want to give up my current work-life balance situation which is enough for being happy :)
I don’t have a website yet, but I would get into the habits of creating prompts on my own. I.e. if I want to open a bubble tea shop, what areas should I consider when it comes to select a store location? Usually it s best to draw inspirations from daily life
Yes, I am just launching a course that covers case interview prep step by step, check it out here if interested www.missangielu.com/crack-the-consulting-case-interview-code, hoping you can find it helpful
@@missangielu I love that but I actually meant a course that helps me transition into the industry that covers resume preparation and landing job interviews. I hope your course covers that.. please confirm! Thanks 🙏 you’re awesome!
Hi Angie, I am sorry for my bad English. I want to ask, is your suggestion to not memorize frameworks structure is only applicable if we have actually understood the frameworks that you mention not to memorize it self? Because I have no business background at all, and i barely knew about all of the frameworks that people usually memorize. Should I learn about types of the frameworks first or just directly use your method instead?
Would recommend you checking out this video th-cam.com/video/_ZrQB-YGFd4/w-d-xo.html to see how you can customize framework with little business background
i recently launched a course, you can check it out here www.missangielu.com/crack-the-consulting-case-interview-code. Honestly, I haven't found any useful casebooks, the other resource I'd recommend is victor Cheng caseinterview.com/victor-cheng
I love your video, Angie! I’ve got an interview in two days and this is really helpful. Do you perhaps have any insight if these will apply to a company in the energy sector please?
Is the IMP method meant to be something that you use to help with your practice and develop your skills? Or is it meant to be a problem solving technique that you should use in the actual interview? I just feel like even if I did treat those examples as if it was my problem, I still wouldn't have come up with a great/comprehensive structure like you 😥 But nice video!!!
This is a practice to help develop the habit to approach a problem with structure, which is the same skill you use for a case interview. It takes a lot of practices (2-3 months back when i was getting ready), and now years of consulting experience. So definitely take your time and be consistent, you will see an improvement
Dear Mckinsey & Company employees and alumni, I discovered something sinister has been happening at McKinsey and Company for decades and no one noticed to report it. Since McKinsey & Company likes to pitt their workers against each other. It is time to turn the tables around . Has any of the workers noticed family members passing away right around the time you started working for McKinsey and Company? I discovered a pattern that about 75% of Employees working for McKinsey & Company for 2yrs and left…etc Family, relatives, associates have passed away especially many at young age. These are the patterns my husband and I are seeing while reviewing the data.
Thank you for the video - I do love getting more into nature, be genuinely intuitive and open and honest to everyone especially me :) aand surrender as per Michael Singer.
Love this! Practicing solving problems on paper, documenting steps, and most importantly putting ourselves into the shoes of the clients, this really is what the case interview portion is about. Can we logically build solutions from existing data and process.
My interview is a couple minuted wish me luck
good luck
I hope it went well
Oh hope it went well
Did you make it?
Guess not
I’m happy that I chose not to memorise the frameworks, nor use them. Instead, I focused on understanding the principles of building a structure.
that's exactly the way to go about it
That is the best method I have ever seen, and I work in Consulting since 10 years.
Thank you so much pretty Lady.
Thank you ! It’s an interesting way of thinking not only for consulting firms, but also in our daily tasks and challenges. So useful and easy to understand! you could have been a teacher
Thank you! Memorizing structures just don't work and to be honest, not realistic and practical. Great advice!
That's a very clear and effective roadmap. Thank you Angie!
Thank you so much Angie for your work! Your methodology saved me! I nailed the business case interview!! 🙏🏾🙏🏾🙏🏾
In my earlier practices, I was suggested to discuss bucket 4 (succes measures) in the clarifying questions beforehand, and adapt your framework to what the discussed goal is (if possible). So e.g. in this case bucket 4 would either be profitability or market cap, depending on what target the interviewer discusses is most important. How do you feel about that approach?
Really nice structure. However, there’s a key part you’re missing out:
How are you understanding your customer profile and shop behavior in order to structure your GTM?
I’d definitely consider this on your success bracket. Have a wonderful week!
how would you have added this in?
It's a bit contradicting here: 1:50
On one hand they do want us to use a framework. On the other hand they don't want you to use a pre-existing one?
Well if I have the same M&A questions for the 9th time why would I use a different framework for the 10th time even though it had proven to be useful?
Sure we have to customize our framework according to given questions & the deeper the case goes. But then again you will often face the exact same veriables to solve the exact same problem right?
Hence, my framework will have very similiar approaches whenever I face a very similiar problem. Isn't that logical?
Let's say, for example, a general M&A framework might have 8-10 areas that you could consider, but based on the specific prompt, some areas are more important than others. Key here is to figure out the most important several areas to structure your problem solving around
Do More videos like this which helps to adopt a MBB consultant's thought process about solving /approaching a problem. Thanks for this video!
Hi Angie, could you please do a video with the basic excel tasks/ or tips, an entry level business analyst works with at consulting projects?
will add that to my list!
This was extremely helpful! Thank you for sharing your amazing tips, it's totally changed my way of approaching problem-solving
Thanks for the pearls of advices sharing. Rock solid frameworks explanation.
Really insightful video. Thanks for the tip. I'll start doing these for fun and for interview prep.
Angie, for your pandemic example, did you ever consider/do pro bono work to help struggling businesses that may have not been able to hire an outside consultant? I always thought that would be a cool thing for a company like McK to do. Individually or as a team. Imagine, having a team of consultants currently on the bench going out to economically disadvantaged areas and helping individual businesses thrive and grow within a target area.
Hey I definitely agree, although I'm not involved, I did hear McKinsey were working with governments around the world on Covid strategies, and the firm also does pro bono work on a regular basis
Going for mine later today! Thanks for the tips 🎉
good luck!
how did it go?🤩
Thank you! This is amazing.
Love it! Very good case solving skills and I am sure the method will be super helpful to prepare :) Starting today
Thank you Angie. Its really really helpful.
This is a eye opener! Thanks.
Hi Angie! I really loved this video! I just ask you a couple of questions i'd really need the answer to:
- Are McKinsey case interviews always interviewer-led? And is the structure more or less always a) general context problem solving question; b) analytical part with exhibit, c) "creative" solution and final recommendation?
- Is the case interview different (i.e. level of difficulty) for a business analyst and a junior consultant / junior associate?
Thank you very much in advance for your answers and for your really useful content!
Hey super sorry for the late comment. It typically is interviewer-led, but always check with recruiter. I haven't encountered junior consultant role, so cannot comment on it
Excellent video, quite useful and beneficial. I practiced the Asian food question, and there is a difference in my note from yours. Perhaps the food pricing in the issue tree might be altered to reflect the average amount paid per customer/order? Then you may further divide it into item prices and number of items ordered. As you mentioned, it's difficult to increase the price of items, but the quantity of items is something the owner may experiment with (e.g. encourage customers to order more each time).
I really enjoyed how you structured iFLY's international development utilizing a specific and unique "framework." I usually have trouble naming the various components - instead of "company," you called it advantage, and instead of "financial implications or so," you called it success. Thank you for the video again, very intersting and enlightening.
Glad you found it helpful and good luck to your recruiting process!
This is very helpful. Thank you, AngieLu
good luck !
Hello, where do the customers fit? Within the 5 dimensions to consider?
Do you have any video tutorial or online source for "Associate" interview in McKinsey ? Kind regards,
Tomorrow is my first case interview :) Been watching your videos.
13 mins to go
@@dieglhix good luck! let me know how it went
@@missangielu Thanks for asking:) I struggled with the case details and sadly didn't build a proper structure, but I was pretty fast with numbers. I think there is 1/4 chance of progressing. I'm very calm and still progressing on my career (certification) studies.
@@dieglhix any follow up? 👉🏻👈🏻
@@TheSexyEzis Yes, did not get it but I got another offer anyways. I'm kinda glad I didn't get McKinsey because I actually don't want to give up my current work-life balance situation which is enough for being happy :)
So whats the framework tho?external vs internal then expand?
Hi Angie! I love your video, just wonder if there’s a place that offer short prompts to practice these exercise on, much appreciated, thank you
I don’t have a website yet, but I would get into the habits of creating prompts on my own. I.e. if I want to open a bubble tea shop, what areas should I consider when it comes to select a store location?
Usually it s best to draw inspirations from daily life
When are you opening a course or a coaching program?
Yes, I am just launching a course that covers case interview prep step by step, check it out here if interested www.missangielu.com/crack-the-consulting-case-interview-code, hoping you can find it helpful
@@missangielu I love that but I actually meant a course that helps me transition into the industry that covers resume preparation and landing job interviews. I hope your course covers that.. please confirm! Thanks 🙏 you’re awesome!
Thank you for sharing your experience
Hi Angie, I am sorry for my bad English. I want to ask, is your suggestion to not memorize frameworks structure is only applicable if we have actually understood the frameworks that you mention not to memorize it self? Because I have no business background at all, and i barely knew about all of the frameworks that people usually memorize. Should I learn about types of the frameworks first or just directly use your method instead?
Would recommend you checking out this video th-cam.com/video/_ZrQB-YGFd4/w-d-xo.html to see how you can customize framework with little business background
Thank you. This is an amazing insight.
Angie, do you have a book that you recommend in order to practise these case studies?
i recently launched a course, you can check it out here www.missangielu.com/crack-the-consulting-case-interview-code. Honestly, I haven't found any useful casebooks, the other resource I'd recommend is victor Cheng caseinterview.com/victor-cheng
Offering cooking classes during the corona pandemic does not seem like a thought through idea to me... (maybe via zoom)
I love your video, Angie!
I’ve got an interview in two days and this is really helpful. Do you perhaps have any insight if these will apply to a company in the energy sector please?
if they do case interviews, the general principle of framework would apply
@@mollydadzie7489 how it went?
My interview is tomorrow. Wish me well everyone😅
How was it? Were you able to make a nice structure and conclude?
Good one..Any business case ideas for key account manager role in e-commerce industry would be helpful:-)
But all this in a pandemic? how is it possible?
great video! Thank you!
I love this woman aspiring to be like her
Very useful insight
My interview tomorrow😀
good luck!
How is it going, still in the process?
Did you make it?
Cost of food is what you missed.
Thank you so much
Ibam strugling witg PSG I have been invited for Digital assesment Solve Game
Thank you for this ❤
Is the IMP method meant to be something that you use to help with your practice and develop your skills? Or is it meant to be a problem solving technique that you should use in the actual interview? I just feel like even if I did treat those examples as if it was my problem, I still wouldn't have come up with a great/comprehensive structure like you 😥
But nice video!!!
This is a practice to help develop the habit to approach a problem with structure, which is the same skill you use for a case interview. It takes a lot of practices (2-3 months back when i was getting ready), and now years of consulting experience. So definitely take your time and be consistent, you will see an improvement
"4. Drop jargon" Elon musk letter to employees. Its bullshit - not a solving technique. But the Case study and the solutions are great.
Awesome 👌
thank for sharing
Dear Mckinsey & Company employees and alumni,
I discovered something sinister has been happening at McKinsey and Company for decades and no one noticed to report it.
Since McKinsey & Company likes to pitt their workers against each other. It is time to turn the tables around .
Has any of the workers noticed family members passing away right around the time you started working for McKinsey and Company?
I discovered a pattern that about 75% of Employees working for McKinsey & Company for 2yrs and left…etc
Family, relatives, associates have passed away especially many at young age.
These are the patterns my husband and I are seeing while reviewing the data.
I am Sorry....what?
Thank you for the video - I do love getting more into nature, be genuinely intuitive and open and honest to everyone especially me :) aand surrender as per Michael Singer.
so good !
th-cam.com/video/7qsA0t_kFCQ/w-d-xo.html any other way to solve this guesstimate?
姐姐没有开小红书账号吗，应该是中国人哈哈哈，能听出来一点点！！！！！！
哈哈开了的，同名！
I'm enchanted by this content. I recently read a similar book, and I was truly enchanted. "Mastering Money Mindfulness" by Benjamin Hawk
the hand waving was so distracting:( but thank you for the content.
Nice dress
repackaging old truths that everyone with half a degree already knows.
Thank u for useful video, I will also have 2 interview in recent days, wish me good luck🥲
Good luck!
How can I get in touch with you? If possible please provide me with your email.
Thank you for this!