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S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L"
Yale Graduate Student Consulting Club (YGCC)
Interview Bootcamp
Alice Qinhua Zhou All rights reserved.
www.yale.edu/consulting
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Thank the following YGCC sponsors
GPSS!
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You need to pass a long journey before getting the offer
Interviews
One-on-one Presentation Group
Problem Solving Test (PST)
Resume and Cover letter
Ability
Ability Attitude
Communication Collaboration
Personal Brand Personal Network
Ability Attitude
Communication Collaboration
Communication
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Resume and cover letter presents proofs of your value
Value Proof Display
Ability
Attitude
Communication
Collaboration
Personal Brand
Personal Network
GPA, Honors, Awards
Resume presentation
Leadership Teamwork
Big school, firm
Reposition past
• Result oriented • Be specific • Throw them the
bones
Professional format
• Use template • Bulleted text
Enrich experience
• 60min multiple choice written test
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McKinsey PST tests quantitative competence
Use promotional code: YGCCGURUS
30% discount on practice PST tests
Go to club website http://www.yale.edu/consulting/McKinsey_PST.html
Practice
Learn
Confidence
Realism
Doubt
Optimism
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The journey will be tough, but you will not be alone.
Time
Performance
Emotion Satisfaction
Interviews
YGCC will assist you throughout the journey
This Boot Camp brings
you here
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The funny video includes most of the basic elements of case interview, mimicking real-life associate level consulting work
Collect background info
MECE complete issue tree in the context
Identify key question
Prioritize
Hypothesize
Analyze
Right: dig deeper Wrong: navigate to paralleled items
…
Buy in / Deliver results Manage reaction
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Break down problem MECE Mutually Exclusive, Collectively Exhaustive
What we can do with the price of a sandwich if we
still want to sell it?
Increase
Remain the same
Decrease
What we can do with the price of all the goods in
stop & shop?
Increase
Remain the same
Decrease
Change the mix
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Engagement structure
Collect background info
MECE complete issue tree in the context
Identify key question
Prioritize
Hypothesize
Analyze
Right: dig deeper Wrong: navigate to paralleled items
…
Buy in / Deliver results Manage reaction
Step 2.1: Prioritize based on impact and difficulty
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Impact Financial
Difficulty
Non-financial High
Low Effort
Result
• Don’t need to draw out the matrix, keep it in the back of your mind!
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Step 2.2: Develop specific and testable hypothesis
• Good hypothesis: testable • If hypothesis is right, dig deeper; • If wrong, navigate to the parallel items in the structure; • If all parallel items are wrong, your structure is not MECE • Deeper in the tree, more info given, easier to hypothesize
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Engagement structure
Collect background info
MECE complete issue tree in the context
Identify key question
Prioritize
Hypothesize
Analyze
Right: dig deeper Wrong: navigate to paralleled items
…
Buy in / Deliver results Manage reaction
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Step 3: Analysis
Plan
Collect data
Interpret data
Present result
So what
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Engagement structure
Collect background info
MECE complete issue tree in the context
Identify key question
Prioritize
Hypothesize
Analyze
Right: dig deeper Wrong: navigate to paralleled items
…
Buy in / Deliver results Manage reaction
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Summarize
• “The engagement manager come in ask for your update.” • “You run into CEO in the elevator. “ • “CFO requests to see your team in 15min.”
Purpose Buy in client during the analysis
• Doubt on recommendation • Resistance on the change
Deliver insights after major analysis Manage reaction proactively
• Rationally address • Synthesis after every major
analysis • Keep the big picture in mind
• Emotionally support • Tailor your answer to the
audience
Format (RRRN) Recommendation
• “To achieve XXX, I recommend XXX”
Reason • Major bullet points
Risk • Assumption • Top three concerns: “I
understand that …” Next Step
• Analysis in the row • Implementation plan
Thank the following YGCC sponsors
Yale Graduate and Professional Student Senate (GPSS)!