Acing a consulting case live so you can just copy me (Bain R1)
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- Опубліковано 3 сер 2024
- Link to the case in this video (page 48): economics.virginia.edu/sites/...
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#consulting #managementconsulting #caseinterview
TIMESTAMPS
0:00 Intro
0:27 Important note
0:40 Case intro
1:15 Take notes on prompt
2:27 Restate problem to interviewer
3:08 Ask clarifying Qs
6:16 Develop a framework
6:44 Walkthrough your framework
10:58 Get interviewer feedback on framework
12:45 Exhibit with data
14:21 Analyzing the data
19:40 Explain your observations
20:57 Should you invest in hybrid trucks?
23:10 Pro tip for casing - think about both sides of the coin
25:01 What happens if we double cost per gallon?
28:23 Explain our thinking!
29:58 Brainstorm section
32:12 Synthesis
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Awesome one Matt! Love your enthusiasm here which kept me engaged compared to numerous monotonous engagement I've seen in other videos. Love to get your thoughts on some of my additional considerations
Clarifying Qs: To add a question on understanding their business model. Logistic is a broad term that can be used in so many settings. Are they in the cold supply chain, do they deliver primarily commercial goods or Amazon like packages.
Structure: Would actually break them down into Total contribution margins + Fixed cost. Where CMs are main shipping routes * contribution margin of each route (Price - variable cost: labor, fuel, etc.) Reckon this keeps a clean distinction between fixed expenses and the costs to serve.
Brainstorming: If we were to add structure here, we could put (i) Attract more workers (ii) Reduce turnover in existing workers (iii) Bonus: Reduce reliance on workers such as partnering with local distribution co., pick up options
Structural thinking really significantly contribute to consulting work 😂 i love how u structured the idea by peeling off the layers with quantitative and qualitative method approach
Hey Yong! Glad you liked the analysis!
You are just amazing Matt. Your videos have been helping me alot on understanding more the world of consulting, and on how to prepare myself. Love from Brazil
Hey Alexandre! I really appreciate the support
omggg so glad discovered your channel before my interview :)
Hey Jenny! So glad you found it helpful!
Matt this is fantastic! This has been an invaluable resource for me! Many thanks
Thanks for the kind works, Harvey!
Genuinely appreciate your content! Thank you!
I appreciate that! Glad you found it helpful
Hey Matt I really found this video helpful and how you showed us your notes and explained every step thoroughly! Kindly consider these two requests: 1- Can you make this a series in which you also solve difficult cases? 2- I would love to see your thought process before looking at the answers, so can you solve a case you've never read? Again thanks Matt and keep going!!!
Thanks! Will keep this in mind for a future video
Thanks for posting these really helpful and insightful videos!
Glad you like them!
Great video!!! As someone who is looking for a job in consulting, these videos are a massive help. I would love to see another case breakdown in the future!
Hey Joey! So glad you liked the video - will definitely do more breakdowns in the future
LOVE YOU MAN!!! KEEP UP
Thanks Petro!
Such a pleasant personality... I feel less intimidated by my upcoming case interviews now
I have a question concerning depreciation. In the example it said its straighline depreciation, bit theyre used untill both have a value of 0, so why does depreciation matter in the vehicle cost table since both are used untill theyre worth nothing?
The GOAT 🐐
Hey Marko! Really appreciate you stopping by!
Such an amazing video and very simple to understand. i am engineering professional and trying to switch to consulting. Any suggestions for that? Also can you make a video on how to switch to consulting from some other career.
Hey Harsh! I’ll add this video idea to my list. Main thing for switching into consulting from a different field is you need to either (1) do a top MBA or (2) network and apply on your own when the hiring market is hot.
@@matthuang21 how to build a resume for consulting if someone works in different field?
yo Matt, drop the skin care routine
Hahahah I’ll save the skincare routine for a future video!
can you do a BCG one? if not, how would it differ from this one? thanks!
Already put out a video for a BCG case, hope it helps! ua-cam.com/video/57xcFQ3mPj0/v-deo.html
@@matthuang21 oops, thanks!
Hello, so for me interview i was told that they will give me 45 minutes to read then there will be a group case discussion, do i still need to ask clarifying questions ? what should I expect ?
It definitely can't hurt to ask clarifying questions even if it is a group interview. That said, I'm not sure why you would be having a group interview for a consulting role - is this for Bain?
@@matthuang21 I am applying for masters in international management
I’ve paused it at 1:12… Reduce operational costs? There is only one answer.
Every firm: begin the RIF. 😂
Hahaha you know the drill. Jokes aside agreed that reducing the workforce is one of the easiest ways to cut costs.
@@matthuang21 it sure is - the easiest, quickest, and biggest expense to cut. My entire career (almost) has been running org restructures, and usually the strategy is from MBB and ALWAYS involves job cuts. “When McKinsey comes to town” is a recommended read if you haven’t yet 👍🏼
👍
Hey Victoria! Thanks for stopping by 🙏
How do we contact you for guidance?
shoot me an email
Whens the next post ⏳
tomorrow!