Market sizing is shockingly uncomplicated

How to approach consulting market sizing / estimation interview questions.
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0:00 Intro
0:12 What is market sizing?
0:56 Why consulting firms ask market sizing questions in interviews
2:20 What even is a market?
2:54 Why it's not about the numbers, it's about the approach
3:57 Walkthrough example: How many students apply to consulting jobs in the US?
4:41 Ask clarifying Qs
6:07 Building out the "equation"
8:07 Walk interviewer through approach
9:30 Ask if there is any data available
10:07 Inputting assumptions
12:09 Doing the math
13:00 Sanity check the number
14:17 How can I make this better?
#managementconsulting #caseinterview #consulting #marketsize
Sub count: 8,921

[@anuragray2323]

I don't know what we did to deserve such high quality content at zero cost but appreciate it hugely! Thanks as always Matt!

[@matthuang21]

I appreciate that! Thanks for dropping by

[@Montanajj]

Best mentor for young finance students on TH-cam. No bs, not trying to sell anything. Just raw unfiltered advice

[@matthuang21]

Thanks for the kind comment!

[@mworraymond3119]

The greatest tutorial i hv ever seen in youtube from a young star!

[@joshyjosh711]

Thanks man! These detailed explanations are awesome. I appreciate the way you break it down to make it easily understandable.

[@matthuang21]

Hey Josh! Thanks for the kind words - I appreciate you stopping by!

[@viratvishwanadhula4010]

matt! these are amazing, please keep on making them

[@matthuang21]

Hey Virat! So glad to hear you're finding these valuable

[@mvzgg4734]

I am scheduled for a case interview shortly, I am really appreciate your reliable expertise.

[@matthuang21]

Best of luck with your interview!

[@bolawyd]

I’m a first year who plans on going into consulting and your channel is probably the best thing I’ve found for preparing and insights on what it’s like. Thank you

[@matthuang21]

So glad to hear that!

[@rangho10]

This video is so perfect Matt! I often find the biggest fear people have in case interviews is making the wrong estimate. But your walkthrough broke it down so well, where your evaluation is judged more so on the reasonable assumptions/possible past learnings through which you developed the estimates, rather than the actual value.
A piece of information is discrete (like a stat, or population number), but a problem-solving framework is re-creatable, and displays your ability of getting to that discrete information, and utilizing it correctly. So more so analysis focused than a general knowledge test.

[@matthuang21]

Couldn’t have said it better myself!

[@leongyongxuan6312]

Hey Matt! I have an upcoming case interview with one of the consulting firms, randomly stumbled upon your vids on TH-cam and was spam watching it the past few days. Love your content please keep uploading!!

[@matthuang21]

Best of luck! So glad this video helped

[@user-sl3kz2mo7l]

Great work Matt!! thank you for making this highly informative and valuable content
the effort you put into it, much much appreciated

[@matthuang21]

Thank you, I'm so glad you found this vid valuable. Appreciate you dropping by!

[@Kanishk_Upadhyay_]

You're doing really good work man, being an MBA student in India it is helping me a lot, keep up the good work brother.

[@matthuang21]

Glad to hear that!

[@valintong889]

Thank you sir. This is something I really needed as a marketing manager aspirant.

[@matthuang21]

Glad it was helpful!

[@sameer5884]

Damn mann so much quality ❤
Keep them coming
Loving the detailed videos on this channel

[@matthuang21]

Hey Sameer! So glad you are finding these helpful

[@lukemudrylee9226]

Another excellent video Matt! I've just started casing myself and this was very helpful

[@matthuang21]

Thanks Luke! Glad to hear it’s helped and hope the prep is going well

[@user-rl4tu8oj6w]

First thank you for the work you do.
Secondly i just graduated from university and i am interested in creating a business.
your videos are helping me think strategically on the overall business and its really usefull for me since i dont have a business background.

[@matthuang21]

Best of luck with your business!

[@michaellin4092]

This white board videos is very Sam’s Ovensique. Would love to chat sometime soon man! You seem like a very knowledgeable and considerate guy! Keep it up

[@matthuang21]

Thanks Michael! I'm flattered to be compared to Sam Ovens. Shoot me a note at the email in my bio and we can find a time to chat.

[@colincross4083]

Always love the videos Matt! Getting ready for FT recruitment would love to hear a video on how you got the math portion of the case down for MBB

[@matthuang21]

Hey Colin! Thanks for the rec!

[@tng2138]

Your content is top tier! You should get the same fame just as rareliquid and kenjiexplains etc.

[@matthuang21]

Thank you! I am honored

[@hridayranade8436]

Matt, your video’s are extremely helpful. Thank you!

[@matthuang21]

Glad to hear you are finding them useful!

[@rishabhmail125]

Thanks Matt, this really helps.

[@matthuang21]

Glad to hear it!

[@Floptropican-Tim]

Hey Matt, thank you again for the wonderful video.
im wondering if could do a video on cash management, i have an internship offer from a bank and i am desperately need to gain some practical insights before second interview.
Thank you in advance

[@IAmProcrastinating]

You're a legend!

[@bryanchew5909]

Thanks for showing the in-depth and walked thro step -by step on the approach. Would like to know if you can suggestion courses / ways to sharpen problem solving skill? specific on able to think from multiple angles for the approach for junior level.

[@matthuang21]

Next time you have a problem, think about it in a structured way. Try to create a framework, think through the options, consider pros and cons, and try to be MECE. Over time it will come more naturally.

[@ivansalim]

Thumbnail are amazing

[@JaviWhoChannel]

this was nice bro thank you

[@matthuang21]

Any time

[@judyvsworld]

10k soon !!

[@matthuang21]

Soon! ☺️

[@ocean7991]

Great video.

[@matthuang21]

Thanks!

[@NamPham15019]

Thanks Matt, i absolutely love this white board series. Quick question, do you have any framework for general business operation cases? And how about IT consulting cases. What do you think about it? ❤

[@matthuang21]

It’s a bit hard for me to answer without specific examples but I think many strategy frameworks can work for business ops cases

[@user-en4ek6xt6w]

Really nice video

[@matthuang21]

Glad you enjoyed it!

[@joydeepsarkar8879]

Hey, sir I am an average Indian student, not from any elite institution, having profile like 88/85/89 in 10th and 12th and graduation, preparing for the cat from last 2years ,(basically 2years of gap) and a non- tech background, sir with all these I always dreamt of getting into consulting, is it any way possible sir?

[@matthuang21]

You don't need to have a technical background for strategy consulting, but you might need to get into a top MBA program so that you can improve your recruiting chances for consulting firms.

[@thinkingcitizen]

ngl the original 'Shockingly Uncomplicated' guy should have trademarked the phrase

[@matthuang21]

Ngl that would’ve been a smart move

[@MinjuJeong-go2hv]

Hey Matt, how long is the 1 on 1 coaching call?

[@matthuang21]

60 min!