What is a case interview?
A case interview is an interview format where you are given a question/situation/problem and asked to resolve it. The case interview question/situation is usually a business situation or a business case that the interviewer has worked on in real life.
The case interviewee then proceeds to ask the case interviewer logical and sequential questions that will enable him/her to understand the situation, probe deeper into relevant areas, gather pertinent information and arrive at a solution or recommendation for the question or situation at hand. ( Learn more about case interviews here )
Why are case interviews used in the management consulting and investment banking industries?
Most of the time in management consulting and investment banking jobs is spent understanding and analyzing businesses, problems, situations or solutions and communicating with clients, team members or management. Case interviews present a great setting to test whether a candidate for a job has the required structured, logical and analytical thinking and communication skills. Case interviews have the unique ability to place people in a real live situation/case. Case interviews allow the case interviewer to get a first hand glimpse of how the candidate will tackle a case/situation in real life. ( Learn more about case interviews here )
What is the best way to prepare for case interviews?
Practice, practice and more practice! A good understanding of the various frameworks, general knowledge and business awareness will certainly help you in a case interview. However, practice with experienced partners and industry professionals/management consultants is a critical ingredient for success in the highly competitive world of investment banking, management consulting or private equity. ( Read our top 10 tips for management consulting case interviews here )
Here is where Graduate Tutor fits can help you. GraduateTutor.com’s expert case interview coaches can help you build your knowledge in the various frameworks that often appear in case interviews. Our case interview coaches can then assist you in practising for the case interview by conducting case interviews for you, recording your interviews and giving you instant feedback that enables you to improve your performance. ( Read our top 10 tips for management consulting case interviews here )
