Bain Case Interview - Strategy consultant reacts to mock case interview

Рет қаралды 197,384

Күн бұрын

In this video, an Ex-McKinsey consultant reacts to a mock case interview. The interview is an official Bain case interview. I will review all key steps of the consulting case interview with you and help you prepare for case interviews. Case interviews are part of every MBB consulting interview process (McKinsey, BCG, Bain). How to prepare for case interviews is a question many candidates ask themselves. This official Bain case interview shows, how such an interview at Bain looks like. This case interview 101 provides an important case interview prep to anybody who currently prepares for interview. In this reaction video, I go over the Bain mock consulting interview example and react to it. Let me help you with your management consulting interview prep with this case study interview. Get ready for your management consulting interview. This interview is similar to McKinsey style case interviews as well. It will also help you to prepare for the McKinsey case interview process. Case study psychology is important to understand.
Chapters
00:00 Introduction
01:14 Channel memberships
02:00 Bain case interview
26:05 Wrap-up
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Пікірлер: 174

@FirmLearning 3 жыл бұрын

Interested to become a member of this channel and get perks? link.firmlearning.com/join Want to learn to create slide presentations like leading consulting firms? link.firmlearning.com/slides

@sitsomawugbe7604 3 жыл бұрын

Am I the only one to have noticed his calculation for determining the percentage of Y2 customers needed for revenue growth for other carriers is wrong? $18B/ $1B should give you 18% and not -5. I stand to be corrected. Can a breakdown for this be done please? @firmlearning

@timothyhanswijaya9981 3 жыл бұрын

Thank you Heinrich, your videos have been really inspiring and i have learnt so much from you! Glad to have you in KZfaq and keep up the good work!

@FirmLearning 3 жыл бұрын

Hi Timothy, super happy to hear that, thank you. Lots of success to you man! Best, Heinrich

@Euuuhhhful 2 жыл бұрын

its a good intro to get a feeling for a case but in reality they are longer, more detailed, and more intense in terms of stress. if you are well structured and share your thoughts and problem-solving approach with the interviewer then you'll be on the right path. also, personality in consulting is very important.

@harshavardhanranshevre2751 3 жыл бұрын

Of course she has data on that... Epic 😆

@FirmLearning 3 жыл бұрын

;) Thanks for watching! Best, Heinrich

@Poukadoric100 3 жыл бұрын

Really looking forward to this!!

@FirmLearning 3 жыл бұрын

Thank you Paulo, hope you found it interesting! Best, Heinrich

@flexalumnus 3 жыл бұрын

A true value-add commentary, Heinrich. Thanks!

@FirmLearning 3 жыл бұрын

Thank you! Appreciate it. Best, Heinrich

@alexh.4842 2 жыл бұрын

Consulting is really a people business. The way you talk is as much important as, if not more than, what you say

@AndreSilva-nx8np 3 жыл бұрын

Hi Heinrich! I am an aspiring consultant from Portugal and I find your videos very helpful! Hopefully one day I will become a consultant myself. Very happy that your channel is starting to take off!

@FirmLearning 3 жыл бұрын

Hi André, thank you for watching, appreciate it! Yes, the last weeks have been great for the channel, thanks for being part of it! Best, Heinrich

@ft7726 3 жыл бұрын

How about a real job that create actually Value?

@muhammadputera6593 2 жыл бұрын

@@ft7726 like what?

@Nalot56 3 жыл бұрын

Great analysis! Thank you for making this video!

@FirmLearning 3 жыл бұрын

Thanks for watching, appreciate it! Best, Heinrich

@zyu1113 3 жыл бұрын

Super helpful video! Thank you for sharing your view on it. Wishing there’s something similar available for PE/VC interviews

@FirmLearning 3 жыл бұрын

Thank you for watching Sasha! Might create more content like this in the future, stay tuned :) Best, Heinrich

@dedyompusunggu6050 3 жыл бұрын

Thanks for the video, Heinrich. Cheers!

@FirmLearning 3 жыл бұрын

Thanks Dedy appreciate it! Best, Heinrich

@dunthphu 3 жыл бұрын

"Of course she has data on that, come on guys..." 😂

@FirmLearning 3 жыл бұрын

;) Thanks for watching!! Best, Heinrich

@ajb229 3 жыл бұрын

Classic

@theNotoriousBFM 3 жыл бұрын

The channel and commentary is excellent, congrats on great content! on the mock case interview itself: the conclusions are inane. And frankly you can hire a person fresh out of college full time who likely would give you the same conclusion for about an order of magnitude than one of the big three consultants cost. Lot more effective principles that are not specific to this problem to consider: channel leverage, product clutter, what leverage hardware buys in driving service revenue etc.

@FirmLearning 3 жыл бұрын

Thanks for your comment and definitely good points! Just do not underestimate the pressure and anxiety that most people are facing when sitting in these interviews. Though agree that this was not necessarily a 100% performance. Best, Heinrich

@Gorlenius 3 жыл бұрын

Great insights, thank you Heinrich!

@FirmLearning 3 жыл бұрын

Thanks!

@jlo3349 3 жыл бұрын

Super insightful! Thanks Heinrich :)

@FirmLearning 3 жыл бұрын

Thank YOU for watching, appreciate it! :) Best, Heinrich

@LLMP791 3 жыл бұрын

Hello Heinrich, my first thought on this case was to couple the device with a mobile phone that has a mobile internet connection using bluetooth or the hotspot mechanism. Nowadays everyone has a phone on them pretty much 24/7 and this would enable the firm to target potential customers from all carriers. Would such an idea be valued in such a standardized case study? Thanks a lot and keep the great content coming. Best, Luis

@FirmLearning 3 жыл бұрын

Hi Luis, this is for sure something you could mention in a side sentence, though would not base my whole answer on that as indeed this is apparently not what the client wants to do. Best! H

@marcobeltran7218 3 жыл бұрын

Hey there Heinrich! Greetings from Mexico. I’m a junior in a top college in Mexico currently interviewing for MBB and T2 here in Mexico. Your videos have been really helpful in gaining insights into the job .I’ll be sure to pay it back and support you by “jointing” your channel here. Thank you, and keep the great content coming! P.S: Great job with After Effects, it certainly looks amazing.

@FirmLearning 3 жыл бұрын

Hi Marco, Thanks for watching. Very much appreciate it, this is great to hear! :) Still learning After Effects but indeed great to see my little project to work out. All the best to you man! Best, Heinrich

@gromitnwallace5281 2 жыл бұрын

AT&T and Verizon are subsidising the cost of the device, so when calculating market penetration this subsidy wouldn't be taken into account as you would use the actual value of $500 to calculate the number of units that need to be sold for AT&T & Verizon, not $400. Otherwise it's just Next-Gen Tech reducing the price of the device.

@CJayUA 3 жыл бұрын

For me the first red flag was high tech wearable that tracks calories etc. - already high market saturation and non-differentiated product. I know it's probably outside of scope though

@FirmLearning 3 жыл бұрын

Fair enough :) Thanks for sharing! Best, Heinrich

@Tata55Cypru 3 жыл бұрын

Great analysis, Heinrich. Could you talk about the risk asessment or risks perceived that you can do on any given MBB project? I don't know how to start (not STEM) in a case like this and it would be 100% appreciated!

@FirmLearning 3 жыл бұрын

Hi Nicolas, from my experience there is no one checklist that you go over in every single project. Always depends on the topic etc. Best! Heinrich

@alessioanulli7945 3 жыл бұрын

Thank you Heinrich !!

@FirmLearning 3 жыл бұрын

Thank YOU for watching! Best, H

@isaacasomah 2 жыл бұрын

Great video. Thanks for sharing

@ravirana1411 2 жыл бұрын

Thanks for the great content

@pludgooey9331 2 жыл бұрын

Thanks Heinrich, great analysis. Wondering what happens and what should we do if the interviewer does not give you the data you asked for?

@mateobrennink5056 3 жыл бұрын

Another great video - thanks Heinrich!

@FirmLearning 3 жыл бұрын

Thank you for watching Mateo! Best, Heinrich

@asishjoshi5774 3 жыл бұрын

very knowledgable.. Thanks!

@FirmLearning 3 жыл бұрын

Thank you Asish, appreciate it! Best, Heinrich

@elvirwankuba1806 3 жыл бұрын

Hi Heinrich, thanks for your explanation. I'd like to ask for your opinion on using a hypothesis at the beginning of solving the case. Does it have high utility in your view? Or is it a non-essential? Also as far as delving into the case, do we immediately go laser-focused to the problem at hand or do we also say: let's look at the trends, and what else does the company do? My last question has to do with clarifying revenue: it wasn't clear to me that they are talking about overall revenue (1 bn) or revenue portion that the client will get - I assume the mobile carrier will take a percentage? Thank you very much.

@FirmLearning 3 жыл бұрын

Hi man, would rather start by developing and explaining a structure instead of just hypothesizing something. Regarding your revenue point, here I would always encourage you to precisely ask questions early on to nail these things down, indeed sometimes there can be ambiguities that you should avoid by clearly asking! Best, H

@moanell1 2 жыл бұрын

Hey Heinrich, very interesting video

@XavierVillafuerte 3 жыл бұрын

Great content as always, thanks. Can you create a video about dress code for consultants (men and women)?

@FirmLearning 3 жыл бұрын

Hi Xavier, thanks and good idea, maybe something for a future video! :) Best, H

@vahidjahangiri7104 2 жыл бұрын

excellent video

@sebastianknubel1989 Жыл бұрын

Hi Heinrich, Thanks for sharing firstly and secondly thanks for you valuable comments on that! :)

@FirmLearning Жыл бұрын

Thanks Sebastian, great to hear it is helpful! :) Best, Heinrich

@henrymussemann3253 3 жыл бұрын

Do you have any input on the non verbal communication of the given interview? Sometimes I felt his tone to seem a bit bored maybe or unexcited. Is that something to focus on or is the handling of the case much more important?

@FirmLearning 3 жыл бұрын

Hi Henry, yes, he has a special "treble" in his voice (if this describes it accurately). A voice coach will tell you that this is usually a sign of stress and of being uncomfortable. For sure not what will portray you as very confident in such an interview. However, it is clear that an interview is a high stress situation for the candidate and the interviewer will understand that. Therefore getting the content right should for sure be your priority. Best! Heinrich

@jomango1929 3 жыл бұрын

Very nice work !

@FirmLearning 3 жыл бұрын

Thank you! Best, Heinrich

@damienconnolly 3 жыл бұрын

Hi Heinrich great video thanks

@FirmLearning 3 жыл бұрын

Thanks for watching Damien! Best, Heinrich

@Enjoy_your_journey 3 жыл бұрын

Thank you Heinrich for creating this video, could you please tell me the main differences between a case for an interview and a real case for a client, with the client you will follow a similar structure like the one in the video or a different path?

@FirmLearning 3 жыл бұрын

Hi Alfredo, thanks for the question! In general the case interview is of course much more streamlined, it will be prepared in a way that allows for a solution to be found with the given material. On a real project, you often have lots of uncertain factors. Sometimes the client is not really sure what exactly he/she wants and you need to help the client define the goal of the object on the way. Sometimes the focus of a project shifts over time. Sometimes you will face significant political challenges in the organization that become a problem for you... Lots of craziness can happen on an actual consulting project :) Best, Heinrich

@alainakel9282 3 жыл бұрын

Hi Heinrich, many thanks for this specific review. For the step of taking a minute or two to organize our thoughts, how should we proceed for cases with partners? I heard that they expect rather top of head because taking a minute to answer does not sound natural when facing clients! Thanks again for these valuable insights that put us in recruiter's shoes. Best, Alain

@FirmLearning 3 жыл бұрын

Hi Alain, I do not think that your answer should depend whether or not the interviewer is a partner or more junior. In these cases, it should be expected that for questions like this the candidate can take some time to develop a structure. Sometimes the interviewer will indeed want to have a more spontaneous reaction, then he can just let the candidate know. Best, H

@alainakel9282 3 жыл бұрын

Ok thank you Heinrich. So the expected approach from all interviewers is to take some time. In case a spontaneous answer is awaited, the interviewer will signal it. On a different note, for McK interviews, what are changes between first round and final round? For instance, we move from interviewer led to candidate led right? What else please? Have a great Sunday at Alpes! Best, Alain

@dottleluce 3 жыл бұрын

@@alainakel9282 I think it always helps to ask such clarifying questions: "Can I take a minute to structure my approach?" If yes, then good! If no, then now you know. :)

@FirmLearning 3 жыл бұрын

@@alainakel9282 Second round will also depend on your performance in first round. If you showed weaknesses on a specific area (e.g., quant), the interview might test that. If you are a stellar candidate, it might be more a sales conversation where the partner tries to convince you to join :) Best! H

@alainakel9282 3 жыл бұрын

Thank you Heinrich for this insider insight. All the best, Alain

@user-ri7fs7dd5z 3 жыл бұрын

It lioks like a mini version of LOMS from Victor Cheng. I like it. Will more insights and comments be available to members?

@FirmLearning 3 жыл бұрын

Hi Wei, yes LOMS is for sure a great resource. Thank you for watching! Regarding membership, yes this indeed provides additional perks, you can see them by level if you click on the join button :) Thank you for considering to become a member! Best, Heinrich

@evzverev8478 Жыл бұрын

Great to hear your thoughts on this interview! I understand Bains shot this video to demonstrate to-dos, but would you think he performed well enough overall to pass?

@FirmLearning Жыл бұрын

Yes, this definitely looks like a solid performance to me :) Best, H

@applepeel1662 3 жыл бұрын

Hey! Loved this video. Seriously, awesome work. So I'm a business undergrad rn and I'm really interested in strategic consulting. Do you think it's better to go for a master's in business administration/ MiM or do u think I should get a master's in science in consumer psychology or something and then follow it up with MBA?

@FirmLearning 3 жыл бұрын

If you just optimize your CV for consulting, probably a slightly more quantitative topic (e.g., Finance Master) would look well. However, of course lots of MiM people join consultling at MBB firms every month, that works as well. Regarding more specialized Masters (consumer psychology) you should ask yourself whether this is really what you want to do and can also use for other jobs than consulting, as there is never a guarantee that you will land a job in a T1 / T2 consulting firm. Best, H

@giacomosimongini5452 2 жыл бұрын

Oh my god this video is as good as the accent is excruciating

@Uncrastinating 2 жыл бұрын

Great video! Just a sort of funny comment, I could be wrong but as a brazilian myself I am almost certain that the guy being interviewed is brazilian! hahaha we have such recognizable accent! I don't know if people from other nationalities notice this though! Algum brasileiro que também percebeu? :)

@tinachem2627 3 жыл бұрын

Hallo, Heinrich! Bitte machen Sie ein Video über den Austausch von Mitarbeitern zwischen Büros in verschiedenen Ländern. Sind solche Wechseln häufig und wie lang sie dauern? An welcher Stelle kann der Berater diese Gelegenheit nutzen? Was sind andere Kriterien? Vielen Dank im Voraus

@FirmLearning 3 жыл бұрын

Hallo Tanya, danke für die Anregung. Habe ich mir notiert, sicher ein spannendes Thema!! LG, Heinrich

@gabrieldecker7209 3 жыл бұрын

Just starting mechanical engineering here in Brazil. I have come to know that many people working at MBB are actually engineers rather than economists and etc. But I have no clue where to start studying if I want to become a consultant. I mean, I know I have to study physics and maths in engineering, but , as an engineering student, what should I study if I want to work for consulting firms ? All the best, Decker

@FirmLearning 3 жыл бұрын

Hi Decker, yes it is correct that a good portion of new joiners comes from STEM backgrounds! To tailor your CV towards consulting, I suggest you do some internships in consulting or also large business companies. You need to show that you know what it is like to work in corporations and that you know what you are getting yourself into when applying to consulting. Lots of success to you!! Heinrich

@thianpotgieter7324 3 жыл бұрын

Hi Heinrich. Nice breakdown of the interview! One question: How does the candidate in this case leap from the question of $1B revenue and carrier choice to penetration rate to succeed as the answer to drive for? This part I battle with most in my case interview practice - knowing very quickly what would qualify as an answer... It seems logical in retrospect (after watching the entire clip) but when the question is first posed by the interview in this case, I'm thinking it could be a break-even case/vendor fit (M&A type question)/not sure. Thanks, and keep it up!

@FirmLearning 3 жыл бұрын

Hi Thian, thanks for your message. I do indeed think the interview here is a bit too staged / flows a bit too perfectly. In the real interview you can expect your interviewer partner to occasionally give you some hints to steer you in the "right" direction. Best! Heinrich

@thianpotgieter7324 3 жыл бұрын

@@FirmLearning Great feedback and good steer on what to expect, thank you again!

@mcpeters515 3 жыл бұрын

Out of curiosity, do senior managers coming in from industry or another consulting company get cased as well or is it mainly for more entry levels?

@FirmLearning 3 жыл бұрын

Hi, yes as a "normal" experienced hire you will get case interviews as well in most firms. At some point this might stop, but this is rather (junior) partner level. Best! Heinrich

@solome6478 2 жыл бұрын

Holy shit your accent is amazing. Exactly what I expect from a European.

@karmakino87 3 жыл бұрын

For a second I thought she had broken the laptop to show him the data. That would have been fun.

@FirmLearning 3 жыл бұрын

Hehe good catch ;) Thanks for watching Marco! Best, Heinrich

@sufyanmaan 3 жыл бұрын

Heinrich, you nailed it, @22:00. 😆

@FirmLearning 3 жыл бұрын

Haha thanks for watching ;) Best, H

@jbakes1772 3 жыл бұрын

Heinrich, really appreciate the advice. When preparing for interviews conducted over zoom, are there any big adjustments you think are key?

@FirmLearning 3 жыл бұрын

One key error I see many people doing is using subpar equipment. Your standard internet connection might not be that great and your built-in laptop microphone will not come across great either. Make sure you have high speed connection and a good microphone, this will already distinguish you from many other candidates. Best! H

@dottleluce 3 жыл бұрын

@@FirmLearning I think another disadvantage is that you cannot present written visuals as easily you can in a face-to-face interview. So your verbal communication needs to be clearer in a virtual interview.

@yuanzhou3249 3 жыл бұрын

Thanks for your video and I've benefitted a lot from that. May I ask if the interviewer asks whether I have any questions to him/her at the end of the interview, what question does he/she want me to ask? Thanks!

@FirmLearning 3 жыл бұрын

Hi Yuan, yes he might very well aks that! Im a bit fan of asking what actually interests you (e.g., about the type of projects you will do) :) Just make sure it is not something you can google in 2 minutes. Best, Heinrich

@utkarshsaxena6333 3 жыл бұрын

Hi Heinrich, the GMAT prep link you mentioned in the other video description is not working? Could you please share the link?

@FirmLearning 3 жыл бұрын

Hi, yes unfortunately the Economist GMAT Tutor is offline at the moment, apparently they are rebuilding the program at the moment.. sorry but will share the link once it hopefully is back online soon. Best! H

@utkarshsaxena6333 3 жыл бұрын

Thanks, looking forward to learning a lot from you! :)

@rushabhjamdade81 3 жыл бұрын

Thank You Sir

@FirmLearning 3 жыл бұрын

Thank YOU for watching! Best, Heinrich

@rushabhjamdade81 3 жыл бұрын

@@FirmLearning Can you please make a video on following topic? Who are the most preferred candidates for consulting? Like engineering, chartered professionals etc. Because I am pursuing CA Course in India, and here most of the companies hires MBAs from top B schools. I just wanted to clarify whether this consulting firms prefers students from particular stream or there is nothing like that. Thank You Sir

@efara 3 жыл бұрын

What about online cases? But those without interviewer. Last week I had one, and I feel like it was much harder because there is no help, no chat at all, and you can't use/demonstrate your interpersonal habilities to differentiate yourself from other candidates...

@FirmLearning 3 жыл бұрын

Fully agree, online cases for sure do not help you to portray yourself in the best way.. Best! H

@gsocha97 3 жыл бұрын

Thank you Heinrich for this valuable content! I indeed have a question: What is your opinion about the T2 and T3 consulting firms? Do you think they might be a reasonable alternative, e.g. if a candidate is interested in a special competence center for which the consultancy is renowned? Thanks again, G.

@FirmLearning 3 жыл бұрын

Hi Günther, trust that T2 can for sure be a great learning experience for the candidate. Regarding even smaller firms, it is important to do a good due diligence of the work done and the quality of colleagues. Best! Heinrich

@ko-tk4il 3 жыл бұрын

I don't think the customer base implication is correct because the proportion of early adopters would be larger in others, whose customers are relatively younger and have more literacy in tech and networking services, that's why they switched to others from AT＆T/Verizon what do you think?

@FirmLearning 3 жыл бұрын

Fair point, thanks for sharing! Best, Heinrich

@marcwun6347 3 жыл бұрын

Is there a reason why both are using "understand" instead of "know"? Are interviewers looking at these minor communication facettes?

@FirmLearning 3 жыл бұрын

"Understand" is just super commonly used as a word in consulting. Stresses more that this is what you currently "understand" but that this might also be fallible to invite clients to correct you ;) Best, H

@gabrieldecker7209 3 жыл бұрын

what does she mean by "the customers would have to pay walking out the door..."? at 11:35

@FirmLearning 3 жыл бұрын

Not sure, also not 100% clear what exactly she is saying acoustically..

@ajb229 3 жыл бұрын

Walking out the door with Theo (the name of the device). Sounds like a fitbit to me :-)

@Stuffmusic1 3 жыл бұрын

Heinrich you should look at the Cases of Casecoach on KZfaq and react! :)

@FirmLearning 3 жыл бұрын

Hi Sebastian, thanks for the idea :) Might do that in the future. Best, Heinrich

@ismaylhuseynov8705 3 жыл бұрын

Case interview?Awasome...

@FirmLearning 3 жыл бұрын

Looking forward to this as well! :) Best, H

@adithyabontha4396 3 жыл бұрын

Hello sir , I am aspiring to become a consultant , and I was hoping if you could suggest some resources from where I can prepare for Case Interviews.

@FirmLearning 3 жыл бұрын

Hi Adithya, check out the content from Victor Cheng (caseinterview.com) - found that quite helpful! Best, Heinrich

@AmanSingh-le7jc 3 жыл бұрын

Great tips 👍. If someone is having years of experience (8-10 years) then do you think he/she should try to be part of these kinda management consulting and work as an employee or take a chance to build own personal brand? Thoughts will be appreciated. :-) Keep Rocking 😎

@FirmLearning 3 жыл бұрын

Hi Aman, thanks for watching! Depends on your goal. If you want to become an entrepreneur, then I would probably do that right away with the experience you already collected. Lots of success to you! Best, Heinrich

@AmanSingh-le7jc 3 жыл бұрын

@@FirmLearning Thanks for your thoughts. 👍

@arslanalimov 3 жыл бұрын

Hi Heinrich, may I ask you a question? Is the case interview also applicable for undergrads applying for an internship at MBB? Thank you for the amazing videos, they are very helpful.

@FirmLearning 3 жыл бұрын

Hi Eddard, yes the interview format is very similar for internship and for graduate level positions. Best! Heinrich

@zubinwilson9989 3 жыл бұрын

why didn't he talk about potential risks even though he was asked about it?

@FirmLearning 3 жыл бұрын

Thanks for pointing out! Best, Heinrich

@CS-si8kl 3 жыл бұрын

1) I would have tend to ask about current and any known potential future market competition. 2) Secondly, I felt the conversation was mostly around At&t and Verizon's vs others. In reality the company could potentially drive the sales too if it's a well established and trusted brand in consumer electronics. And this will be even more crucial if there is competition.

@FirmLearning 3 жыл бұрын

Interesting observations, thanks for sharing Chandrava! Appreciate it! Best, Heinrich

@CS-si8kl 3 жыл бұрын

@@FirmLearning Thanks for your response and thanks for making great videos.

@dhanush-karnagandvi2994 3 жыл бұрын

Could you plz help me to suggest which all certification is The Best for MBB? I am gonna pursue MBA soon.

@FirmLearning 3 жыл бұрын

Hi Dhanush, certifications are not really important for MBB, this is not what recruiters look for (especially client-facing roles). The quality of your academic degrees, the quality of your work experience and leadership, this is what matters. Lots of success to you! Best, H

@dhanush-karnagandvi2994 3 жыл бұрын

@@FirmLearning thank you so much. Secondly I am gonna pursue my MBA from top 10 institutions of india. But I am very avg marks during my school and colg. But have experience in different different domains. Marks will really impact of my selection?

@FirmLearning 3 жыл бұрын

@@dhanush-karnagandvi2994 Hi, yes grades will for sure be important, though it can be compensated if the rest of your profile is stellar. Best! H

@workwithme5076 2 жыл бұрын

Im curious, how would you guys calculate 1/18 exactly?

@piranha_finance Жыл бұрын

Do 100/18

@jaykukreja6706 Жыл бұрын

Is it Consiiiitinngg or consulting?

@agarwalvishal00 2 жыл бұрын

There was no question regarding the competitor or substitute of the product.

@alappatel2164 Жыл бұрын

What about comparing the product to other competitive products in the market? That could affect the market share.

@FirmLearning Жыл бұрын

Yes, sounds like a fair line of thought to follow as well! Best, H

@wucool33 2 жыл бұрын

I know this is an old video, but shouldn’t we focus on the current smart watch market for those companies and their potential growth rate? Why is he focused on the total customer base?

@FirmLearning 2 жыл бұрын

Hi, definitely always makes sense to segment the market. Thanks for sharing! Best, H

@ijsbert6174 2 жыл бұрын

Early adopters... for a smartwatch in 2020. And not a single question about the competition. Has Bain ever heard of the Apple Watch?

@FirmLearning 2 жыл бұрын

;) Thanks for watching! Best, H

@aaryayadav1646 3 жыл бұрын

This is so amazing! I'm starting to learn Germany , your mother tounge! Any tips?

@FirmLearning 3 жыл бұрын

Hey Arya, great stuff :) Probably best to get yourself a learning partner and then have conversations with the person in German. Once you achieved a certain proficiency level, try to engange with some German organizations, maybe get a role at a German charity, and thereby your language skills will naturally increase :) Best, H

@aaryayadav1646 3 жыл бұрын

@@FirmLearning always helping! Thanks

@chrisjohnson769 3 жыл бұрын

It's easy to comment after the fact versus being in the current situation, but the numbers he should have been asking for are the current subscriber without already having a wearable. Basing projections only on subscriber totals for a carrier without taking into account those already with a wearable device (usually brand loyal) while trying to introduce a new product is not an accurate projection. I would have suggested not going with at&t and verizon due to that. Going to the other carriers with a larger subscriber base (with the same unknowns of who has a wearable) and already demonstrated mentality of thinking outside of the box and greater opportunity to try something new. Let the down votes begin...

@FirmLearning 3 жыл бұрын

Interesting thoughts, thanks for sharing. Best! Heinrich

@OmkarPattanshetti 3 жыл бұрын

@22:07 the screen is not visible because Heinrich's display is covering it

@FirmLearning 3 жыл бұрын

You are right, thanks for the feedback Omkar! Best, Heinrich

@ffjr01 3 жыл бұрын

Strange, no questions on competitors

@FirmLearning 3 жыл бұрын

Good point! Thanks for watching Frank! Best, Heinrich

@abhijeet.singh19 Жыл бұрын

Why is the interviewer so stressed ?

@philw7835 2 жыл бұрын

20% growth for large telecom carriers…

@megnelli 3 жыл бұрын

Why is that lady so defensive " Why do you want to understand that?... Why do you want to know that 😠?"

@FirmLearning 3 жыл бұрын

Agree, these questions do not come across great. Best, Heinrich

@nunyabeezwax6758 2 жыл бұрын

Oh this is totally a staged mock interview. That would have thrown that interviewer a loop.

@FirmLearning 2 жыл бұрын

Hi Nunya, yes no doubt that this is staged! Best, Heinrich

@brett6314 3 жыл бұрын

I know this is a mock situation but I really don't like plowing forward with a solution without more analysis or at least giving it as a hypothesis. Stated in the beginning was that att Verizon wanted exclusivity. They are competitors and I'm not following giving it to both as exclusive. Im also wondering about the penetration rate. If that includes phone service I don't necessarily see the correlation to device sales. Details on a hypothetical. Just my thoughts.

@FirmLearning 3 жыл бұрын

You need to respect the boundary conditions / scope that the client gives you ;) Of course, in an actual project you can always challenge the client on that. Best! H

@ajb229 3 жыл бұрын

Ooh that’s a good-looking interviewer 😜

@FirmLearning 3 жыл бұрын

;)

@wjcurious 3 жыл бұрын

I didn't like the lady.

@FirmLearning 3 жыл бұрын

Thanks for watching!

@damienturner6368 3 жыл бұрын

lol like that matters when you're the one being interviewed

@blackratpenat 3 жыл бұрын

This is absolutely ridiculous, who on earth would pay these Bain, McKinsey etc. guys for their services? They look like robots, 0 value added.

@FirmLearning 3 жыл бұрын

Sorry to hear the video does not appeal to you. Still thanks for watching. Best, H

@blackratpenat 3 жыл бұрын

@@FirmLearning Sorry I didn't make myself clear. Your content is great, but I personally believe consultancy firms provide little value added for their clients and their services are overpriced. It's just an opinion. Better to do your own homework rather than ask a third party to tell you how to do things. I worked in M&A at an investment bank for many years and have the exact same opinion on i-banking.

@plz515 3 жыл бұрын

@@blackratpenat guess they do add something, otherwise firms wouldn’t pay the horrific prices

@asdasdd320 3 жыл бұрын

Never over-estimate the cognitive capabilities of C-level executives :D Often they need someone to tell them the obvious :D

@emie3403 2 жыл бұрын

Thats why consulting only works in areas where anglo-american business culture has a huge impact. In future top markets like China f.E. consulting is frawned upon. Only foreign companies doing business in those markets hire consultants. Domestic companies wont ever hire the guys in blue and co because they realise its mostly western bullshit. But in the first world and Middle East, where most of the dumb money resides, consulting is still a big business - Until the economy eventually collapses and people have to start earning money the hard way again and not by bullshitting and wasting what generations before them build/invented. You can see the first signs here in Germany already.