Consulting Case 101 Pdf To Word

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Consulting Math

Whether you are preparing for a case interview or boosting your chance at entrance exams (e.i: McKinsey PST, BCG Potential Test), a highly significant factor determining your success is your ability to do math accurately and quickly.
This is the resource to help you improving math skills needed for consulting recruiting process.

Why math is so important in the consulting recruiting process?
Because Math is so important in Consulting! Management Consulting is a very fact-based industry. All diagnoses and recommendations must be based on facts. And most facts are presented in numbers.
As the result, consultants spend a lot of their time working with numbers. This shows in many aspects of consultants' day-to-day work: the data analyses they run, the charts they make, the back-of-envelop calculations (i.e: estimations) in problem solving sessions (i.e: team meetings), the in-head calculations in client interviews, etc.

How this 'consulting math' is different from high school / college math
Level of Difficulty
This 'consulting math' is more like .. elementary math. Most of time, you will only need to perform addition, subtraction, multiply, and division. In some occasions, there are percentages or factions. But that's about it. No need to worry about all complicated compound interest, logarithm, derivatives, etc. that once hunted you in high school and college.
Topics
The ultimate aim of most consulting projects is to improve businesses. Therefore math in consulting and in consulting recruiting process will mostly be on business topics.
Format
In most high school and college math, you are allowed to leverage your best friend: the calculator. However, in consulting case interviews and entrance exams (i.e: McKinsey PST, BCG Potential Test), no calculation is allowed. Only pencil, scratch paper, and your smart brain are allowed.
Level of Precision
Unlike science math, consulting math often requires only close-to-correct answers. This comes from the real life difference of the two fields. In science or technology, a tiny margin of error broken can lead to tragic accidents. But in business, decisions can be effectively and efficiently made based on only near-perfect data/ calculations.

How to improve your 'consulting math'?

Have the calculation-aggressive habit:

  • Always have a pocket calculator, practice whenever possible. When I was on your shoes, I carried with me a calculator all the time. Whenever I had just a small window on my schedule (e.g: waiting for the bus, professors coming to class late, etc.), I pulled my calculator out and entered any random calculation I could think of. I tried it on my head and compared the result with what shows on the calculator screen. You will be amazed by how much practice you can get just by utilizing these small windows.
  • Always challenge yourselves with computations of random problems cross over you in life. E.g: When I was shopping for furniture, the store has various type of discounts: students off 10%, buy full set off 25% .. I challenged myself to finish calculating the final cost in my head faster than the staff with the calculator. This is important because self-made problems like this are quite similar to those in case interview and entrance exams.

Tailor your study to common calculations in consulting prep:

  • Calculations often involve big money value. So make yourselves comfortable working with and converting trillions, billion $USD.
  • Currency exchanging is popular in case interviews, depending on your targeted office location. For example, if you want to join the Seoul office, there is a high chance that your case interviewer will ask you to perform conversions between $US dollars and Korean Won.


Practice Practice Practice!

There are four main types of resources, with increasing level of similarity to real problems in consulting case interviews and entrance tests (McKinsey PST, BCG Potential Test).

1 - Pure numerical calculation:

The core of every math question is number. There are certain resources online to help you on purely numbers. There is no context, no word problems asked.

1. http://www.doitinyourhead.com/

2.https://www.caseinterview.com/math/


2 - Simple word problem with irrelevant contexts:

The next level involves some word contexts. You are asked not only to perform pure calculations but also some reading and calculation set-up. Not all questions have the context that is similar to those in consulting recruiting process. These types of questions can typically be found in various quantitative of tests, e.g: GMAT, Apptitute Test, etc.

1. http://www.majortests.com/gmat/quantitative_skills.php

2.http://www.readyforgmat.com/math/documents/AdvancedGMATMathQuestions-version2.pdf


3 - Simple word problem with business context:

Resources in this group level are similar to Group 2 above, but the contexts are much more similar to that in real case interviews and entrance exams.

1. MConsultingPrep 300 short business questions

2.http://www.consultingcase101.com/consulting-case-interview-fast-math-drills-1/


4 - Full case context questions:

This is the highest level of consulting math practice. In these questions, you will be given full contexts in either text, table, or chart format and will be asked to perform multiple calculations and answer multiple quantitative questions. These questions are the most realistic examples of those from case interview and entrance exams (e.g: McKinsey PST).

1. MConsultingPrep 30 case context questions

2. MConsultingPrep 1 Day 1 Questions program on Facebook (with a large portion for quantitative questions)




Subpages (2):Consulting Math - Full Practice CasesConsulting Math - Short Practice Questions

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Related:

Consulting 101 Pdf

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Board Resolution Approving Job Description & Code Of Conduct Template

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Consulting 101 Book

Board Resolution Sample Word

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Consulting Case 101 Pdf To Word

This is a specified document and needs to follow some particular format. This is when a board resolution sample becomes relevant, as you can just download them from the internet, fill in the blanks with relevant information like company’s name etc, and get the document signed by people, and your resolution document is ready.You may also see classroom jeopardy templates

Board Free Sample

This sample starts with the name of the company whose meeting was conducted. Thereafter the names of the directors who attended the meeting and then the main parts of the meeting as well as the resolution is mentioned as minutes.You may also see disagreement letters

Free Board Resolution Sample

Example Board Resolution Sample

How To Make A Board Resolution?

Making a board resolution is quite easy with a number of formats available freely over the internet. The first thing you need is to decide the format most suitable for you. There can be many types of board resolutions, one written like a notice or a letter. Once you have made the choice you can download the format accordingly.You may also see research agenda

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Who Can Use A Board Resolution Template?

Consulting Case 101 Pdf To Word

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