It’s interesting that you segmented by year group, my brain automatically ruled out freshman to juniors, ignoring the possibility of internship jobs. Great vid to watch
I’m a first year who plans on going into consulting and your channel is probably the best thing I’ve found for preparing and insights on what it’s like. Thank you
This video is so perfect Matt! I often find the biggest fear people have in case interviews is making the wrong estimate. But your walkthrough broke it down so well, where your evaluation is judged more so on the reasonable assumptions/possible past learnings through which you developed the estimates, rather than the actual value. A piece of information is discrete (like a stat, or population number), but a problem-solving framework is re-creatable, and displays your ability of getting to that discrete information, and utilizing it correctly. So more so analysis focused than a general knowledge test.
Hey Matt! Loved this video but let me point sth: this is clearly an easy piece of mkt sizing. Estimating the number of windows in NY or how many street lights are in LA...are another level
Hey Matt! I have an upcoming case interview with one of the consulting firms, randomly stumbled upon your vids on UA-cam and was spam watching it the past few days. Love your content please keep uploading!!
First thank you for the work you do. Secondly i just graduated from university and i am interested in creating a business. your videos are helping me think strategically on the overall business and its really usefull for me since i dont have a business background.
This white board videos is very Sam’s Ovensique. Would love to chat sometime soon man! You seem like a very knowledgeable and considerate guy! Keep it up
Could the number of students also be calculated by segmentation? 1. Total population 300m 2. Division into age groups (assuming equal distribution): 1st group: 10-20 (75m) 2nd group: 20-40 (75m) 3rd group: 40-60 (75m) 4th group: 60-80 (75m) 3. The significant majority of undergraduate students should be between 20 and 30 years old. Accordingly, divide the 2nd group by 2 to obtain the number of people in the US population who are between 20 and 30 years old (37.5m). 4. Finally, we assume that 50% of the people in this age group are undergraduates and thus arrive at an undergraduate figure of approx. 18m. Do you think that is a reasonable approach?
Thanks for this video. Bit of a late comment, but do you have any tips on picking 'nice' numbers to work with whenever you have to make assumptions? I noticed that you made various assumptions particularly for the percentages, and it ended up making your calculations super easy to do in your head. Was this by chance or did you decide on them beforehand to make sure they ran smoothly (including with the 15M undergrad figure given)? Often if there are many steps to go through in a market sizing question, deciding on percentages or size assumptions can be stressful and result in unforeseen, difficult mental math that can stunt your whole interview over. Would it, for example, be preferred to just do 'estimate' calculations if you ever find yourself in one of these awkward calculations?
Thanks for showing the in-depth and walked thro step -by step on the approach. Would like to know if you can suggestion courses / ways to sharpen problem solving skill? specific on able to think from multiple angles for the approach for junior level.
Next time you have a problem, think about it in a structured way. Try to create a framework, think through the options, consider pros and cons, and try to be MECE. Over time it will come more naturally.
Hey Matt, thank you again for the wonderful video. im wondering if could do a video on cash management, i have an internship offer from a bank and i am desperately need to gain some practical insights before second interview. Thank you in advance
Hi Matt, I actually tried to work on this questions by myself before watching your analysis. And I actually had a different structure, where I go by Number of Target School for Consulting * (Number of College students * % of them who would end up apply for consulting). The percentage I assumed are based on my real world experience (i.e, how many students in one graduating class end up in consulting, # of target school hiring etc.) Overall, I think my structure does look organized but will it make sense?
That could work as well - more than 1 way to approach the problem! You should include a bucket for non-target school students though, otherwise you’ll miss out on that portion of the pie. Hope this helps!
@@matthuang21 Thank you that was helpful! Would you say the interviewer are mainly just looking at if the structure and segmentation makes sense? I feel a little less confident about my assumption since they are just personal experience and anyone could disagree about my "guess"
I love watching your videos but how did you assume that 20% of the undergraduate are interested in consulting ! I only say this because I’ve never ever heard of consulting at school or no anyone that is ! This is was 20 years ago but I’m not sure the percentage is that big . But if I guessed 5% would that be ok if I continued in ur methodical calculation ?
Some interviewers may give you that 15m, but as a rule of thumb they typically won't give you too much info if it's a market sizing Q. Either way you should be prepared to make an estimate.
Hey, sir I am an average Indian student, not from any elite institution, having profile like 88/85/89 in 10th and 12th and graduation, preparing for the cat from last 2years ,(basically 2years of gap) and a non- tech background, sir with all these I always dreamt of getting into consulting, is it any way possible sir?
You don't need to have a technical background for strategy consulting, but you might need to get into a top MBA program so that you can improve your recruiting chances for consulting firms.
Thanks Matt, i absolutely love this white board series. Quick question, do you have any framework for general business operation cases? And how about IT consulting cases. What do you think about it? ❤
I don't know what we did to deserve such high quality content at zero cost but appreciate it hugely! Thanks as always Matt!
I appreciate that! Thanks for dropping by
Best mentor for young finance students on UA-cam. No bs, not trying to sell anything. Just raw unfiltered advice
Thanks for the kind comment!
It’s interesting that you segmented by year group, my brain automatically ruled out freshman to juniors, ignoring the possibility of internship jobs. Great vid to watch
Glad you found it valuable!
Thanks man! These detailed explanations are awesome. I appreciate the way you break it down to make it easily understandable.
Hey Josh! Thanks for the kind words - I appreciate you stopping by!
matt! these are amazing, please keep on making them
Hey Virat! So glad to hear you're finding these valuable
I’m a first year who plans on going into consulting and your channel is probably the best thing I’ve found for preparing and insights on what it’s like. Thank you
So glad to hear that!
This video is so perfect Matt! I often find the biggest fear people have in case interviews is making the wrong estimate. But your walkthrough broke it down so well, where your evaluation is judged more so on the reasonable assumptions/possible past learnings through which you developed the estimates, rather than the actual value.
A piece of information is discrete (like a stat, or population number), but a problem-solving framework is re-creatable, and displays your ability of getting to that discrete information, and utilizing it correctly. So more so analysis focused than a general knowledge test.
Couldn’t have said it better myself!
The greatest tutorial i hv ever seen in youtube from a young star!
Hey Matt! Loved this video but let me point sth: this is clearly an easy piece of mkt sizing. Estimating the number of windows in NY or how many street lights are in LA...are another level
Great work Matt!! thank you for making this highly informative and valuable content
the effort you put into it, much much appreciated
Thank you, I'm so glad you found this vid valuable. Appreciate you dropping by!
Thank you sir. This is something I really needed as a marketing manager aspirant.
Glad it was helpful!
Hey Matt! I have an upcoming case interview with one of the consulting firms, randomly stumbled upon your vids on UA-cam and was spam watching it the past few days. Love your content please keep uploading!!
Best of luck! So glad this video helped
I am scheduled for a case interview shortly, I am really appreciate your reliable expertise.
Best of luck with your interview!
Another excellent video Matt! I've just started casing myself and this was very helpful
Thanks Luke! Glad to hear it’s helped and hope the prep is going well
Damn mann so much quality ❤
Keep them coming
Loving the detailed videos on this channel
Hey Sameer! So glad you are finding these helpful
This was easy to understand, Thanks Matt!
You’re very welcome!
You're doing really good work man, being an MBA student in India it is helping me a lot, keep up the good work brother.
Glad to hear that!
Matt, your video’s are extremely helpful. Thank you!
Glad to hear you are finding them useful!
First thank you for the work you do.
Secondly i just graduated from university and i am interested in creating a business.
your videos are helping me think strategically on the overall business and its really usefull for me since i dont have a business background.
Best of luck with your business!
Always love the videos Matt! Getting ready for FT recruitment would love to hear a video on how you got the math portion of the case down for MBB
Hey Colin! Thanks for the rec!
Thanks Matt, this really helps.
Glad to hear it!
You're a legend!
Your content is top tier! You should get the same fame just as rareliquid and kenjiexplains etc.
Thank you! I am honored
This white board videos is very Sam’s Ovensique. Would love to chat sometime soon man! You seem like a very knowledgeable and considerate guy! Keep it up
Thanks Michael! I'm flattered to be compared to Sam Ovens. Shoot me a note at the email in my bio and we can find a time to chat.
Subscribed. Thank you.
10k soon !!
Soon! ☺️
this was nice bro thank you
Any time
Could the number of students also be calculated by segmentation?
1. Total population 300m
2. Division into age groups (assuming equal distribution):
1st group: 10-20 (75m)
2nd group: 20-40 (75m)
3rd group: 40-60 (75m)
4th group: 60-80 (75m)
3. The significant majority of undergraduate students should be between 20 and 30 years old. Accordingly, divide the 2nd group by 2 to obtain the number of people in the US population who are between 20 and 30 years old (37.5m).
4. Finally, we assume that 50% of the people in this age group are undergraduates and thus arrive at an undergraduate figure of approx. 18m.
Do you think that is a reasonable approach?
Thanks for this video. Bit of a late comment, but do you have any tips on picking 'nice' numbers to work with whenever you have to make assumptions? I noticed that you made various assumptions particularly for the percentages, and it ended up making your calculations super easy to do in your head. Was this by chance or did you decide on them beforehand to make sure they ran smoothly (including with the 15M undergrad figure given)?
Often if there are many steps to go through in a market sizing question, deciding on percentages or size assumptions can be stressful and result in unforeseen, difficult mental math that can stunt your whole interview over. Would it, for example, be preferred to just do 'estimate' calculations if you ever find yourself in one of these awkward calculations?
Great video.
Thanks!
Thanks for showing the in-depth and walked thro step -by step on the approach. Would like to know if you can suggestion courses / ways to sharpen problem solving skill? specific on able to think from multiple angles for the approach for junior level.
Next time you have a problem, think about it in a structured way. Try to create a framework, think through the options, consider pros and cons, and try to be MECE. Over time it will come more naturally.
Hey Matt, thank you again for the wonderful video.
im wondering if could do a video on cash management, i have an internship offer from a bank and i am desperately need to gain some practical insights before second interview.
Thank you in advance
Really nice video
Glad you enjoyed it!
Hi Matt, I actually tried to work on this questions by myself before watching your analysis. And I actually had a different structure, where I go by Number of Target School for Consulting * (Number of College students * % of them who would end up apply for consulting). The percentage I assumed are based on my real world experience (i.e, how many students in one graduating class end up in consulting, # of target school hiring etc.) Overall, I think my structure does look organized but will it make sense?
That could work as well - more than 1 way to approach the problem! You should include a bucket for non-target school students though, otherwise you’ll miss out on that portion of the pie. Hope this helps!
@@matthuang21 Thank you that was helpful! Would you say the interviewer are mainly just looking at if the structure and segmentation makes sense? I feel a little less confident about my assumption since they are just personal experience and anyone could disagree about my "guess"
I love watching your videos but how did you assume that 20% of the undergraduate are interested in consulting ! I only say this because I’ve never ever heard of consulting at school or no anyone that is ! This is was 20 years ago but I’m not sure the percentage is that big . But if I guessed 5% would that be ok if I continued in ur methodical calculation ?
I assume 66% metric can be also a market benchmark??
Thumbnail are amazing
Hey Matt, how long is the 1 on 1 coaching call?
60 min!
ngl the original 'Shockingly Uncomplicated' guy should have trademarked the phrase
Ngl that would’ve been a smart move
Would the interviewer really give you the 15m value or would they expect us to make an estimate?
Some interviewers may give you that 15m, but as a rule of thumb they typically won't give you too much info if it's a market sizing Q. Either way you should be prepared to make an estimate.
I am shocked at how uncomplicated this was.
Hey, sir I am an average Indian student, not from any elite institution, having profile like 88/85/89 in 10th and 12th and graduation, preparing for the cat from last 2years ,(basically 2years of gap) and a non- tech background, sir with all these I always dreamt of getting into consulting, is it any way possible sir?
You don't need to have a technical background for strategy consulting, but you might need to get into a top MBA program so that you can improve your recruiting chances for consulting firms.
Thanks Matt, i absolutely love this white board series. Quick question, do you have any framework for general business operation cases? And how about IT consulting cases. What do you think about it? ❤
It’s a bit hard for me to answer without specific examples but I think many strategy frameworks can work for business ops cases