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	<title>Inside HBS &#187; advice</title>
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		<title>Top 10 Case Interview Tips</title>
		<link>http://www.insidehbs.com/top-10-case-interview-tips/</link>
		<comments>http://www.insidehbs.com/top-10-case-interview-tips/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 02:08:27 +0000</pubDate>
		<dc:creator>rob</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advice]]></category>
		<category><![CDATA[case interviews]]></category>
		<category><![CDATA[consulting]]></category>
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		<category><![CDATA[top10]]></category>

		<guid isPermaLink="false">http://www.insidehbs.com/?p=308</guid>
		<description><![CDATA[After experiencing some success last week, I thought it might be nice to give back with a few bits of advice for others trying to decide how best to prepare for consulting case interviews.  I went to a bunch of &#8230; <a href="http://www.insidehbs.com/top-10-case-interview-tips/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>After experiencing <a href="http://www.insidehbs.com/internship-offers/">some success</a> last week, I thought it might be nice to give back with a few bits of advice for others trying to decide how best to prepare for <a href="http://www.insidehbs.com/consulting-case-interviews/">consulting case interviews</a>.<span>  </span>I went to a bunch of the sessions provided by the consulting club &amp; career services (including <a href="http://www.casequestions.com/">Case In Point</a> and <a href="http://www.mbacase.com/index.htm">MBACase</a>), but in the end, I think I wasted a lot of time that could’ve been far better spent. </p>
<p class="MsoNormal">If I could do it over again, I would:</p>
<ol>
<li><span><span><span> </span></span></span>Watch the first five videos on the free <a href="http://www.caseinterview.com/">CaseInterview.com</a> while folding laundry.</li>
<li>Schedule 3 mock interviews / week with former consultants in the 3 weeks prior to the actual interviews (so – 9 interviews total).</li>
<li>The weekend before, skim a few <strong>real</strong> <strong>cases</strong> from a consulting club case book (not Case in Point). </li>
</ol>
<p class="MsoNormal">That’s it!<span>  </span>You really don’t need to do much more than that.<span>  </span>Memorizing frameworks?<span>  </span>Useless.<span>  </span>Attending case prep lectures and sessions?<span>  </span>Equally wasteful.<span>  </span>If you truly feel behind, I’d say that the time would be much better spent receiving (or giving) a mock interview than learning techniques that can only be effectively applied 5% of the time. </p>
<p class="MsoNormal">That said, here are my top 10 tips for case interviews:</p>
<ol>
<li>Listen carefully.<span>  </span>Information isn’t typically given without a purpose.</li>
<li><span><span><span> </span></span></span>Start with the basic metrics: industry size, market share, growth, margins.</li>
<li>Framework #1: Revenues – Costs = Profits</li>
<li>Framework #2: Client/Product, Customers/Market, Competitors, Risks</li>
<li>Don’t try to explore a laundry list of ideas.<span>  </span>Categorize and group.</li>
<li><span><span><span> </span></span></span>In contrast, segment everything they give!<span>  </span>Averages hide the truth.</li>
<li>Drive the interview forward with probing questions.</li>
<li>Hypothesize constantly!<span>  </span>Let this drive your search and analysis.</li>
<li><span><span><span> </span></span></span>Structure your answers: “I think about this in three ways…”.</li>
<li>Conclude holistically and succinctly.<span>  Answer</span> the original question.</li>
</ol>
<p>That&#8217;s it!  Good luck&#8230;</p>
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