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It also assesses tolerance for ambiguity and data overload, plus confidence and communication under pressure.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How can frameworks help during case interview preparation?",{"text":117,"@type":113},"Frameworks help structure your reasoning. Common examples include Porter’s 5 Forces, 3 C’s, 4 P’s, SWOT analysis, and profit decomposition into revenue minus costs. You should avoid forcing a framework onto the problem.",{"name":119,"@type":110,"acceptedAnswer":120},"What should you do when case questions require assumptions?",{"text":121,"@type":113},"The goal is not to have the single “right” answer but to show the reasoning process. 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Become familiar with business frameworks, which can help you structure your thought process.  \nSome commonly used frameworks include:  \n􀂃 Porter’s 5 Forces: Barriers to Entry, Bargaining Power of Buyers, Bargaining Power of Suppliers  \n􀂃 Availability of Substitute Products, and Level of Competition Among Firms  \n􀂃 3 C’s: Cost, Customers, Competitors (Capacity sometimes added as a 4th C)  \n􀂃 4 P’s: Product, Price, Place, Promotion  \n􀂃 SWOT Analysis: Strengths, Weaknesses, Opportunities, Threats  \n􀂃 Profit = Revenue ‐ Costs: revenue is a function of price and volume; costs can be divided into fixed and variable components  \nNote: Frameworks may or may not be appropriate for the case you are given. Be careful not to force a framework onto the problem. However, a general understanding of the various frameworks will help you address appropriate issues within the case.  \n2. Some questions require you to make assumptions. The idea is not that you have the right answer to a question (for example: How many romance novels are sold each year in Canada?) it is your thought process they want to see. You should also be familiar with:  \n􀂃 Population of Canada and the U.S.  \n􀂃 Men & Women represent what percentage of the population?  \n􀂃 Average life expectancy  \n􀂃 People per household  \n􀂃 Number of households  \n􀂃 % that have cable, DVD, PC, smart phones, Mac & the Internet  \n3. Research and practice case interviewing in order to become more familiar with the process. Case examples are available at various consulting firm websites:  \n􀂃 The Boston Consulting Group  \no Case Interview Prep [https://careers.bcg.com/case‐prep](https://careers.bcg.com/case‐prep)  \n􀂃 McKinsey & Co.  \no Interviewing [https://www.mckinsey.com/careers/interviewing](https://www.mckinsey.com/careers/interviewing)  \n􀂃 Oliver Wyman  \no Case interview tips & simulations  \n[https://www.oliverwyman.com/careers/entry‐level/interview‐preparation.html](https://www.oliverwyman.com/careers/entry‐level/interview‐preparation.html)  \n􀂃 Deloitte  \no Case interview tips  \n[https://www2.deloitte.com/us/en/pages/careers/articles/join‐deloitte‐careers‐case‐interview‐tips.html](https://www2.deloitte.com/us/en/pages/careers/articles/join‐deloitte‐careers‐case‐interview‐tips.html)  \no Preparing for the case interview  \n[https://www2.deloitte.com/us/en/pages/careers/articles/join‐deloitte‐case‐interview‐prep‐tool.html](https://www2.deloitte.com/us/en/pages/careers/articles/join‐deloitte‐case‐interview‐prep‐tool.html)  \n4. CaPS also has the following books and online materials:  \n􀂃 Vault Career Guides (VPN is required. [https://www.library.mcgill.ca/cdroms/Restricted/vault.html](https://www.library.mcgill.ca/cdroms/Restricted/vault.html))  \no Vault Interviewing Guides [https://careerinsider.vault.com/vault‐guides/interviewing](https://careerinsider.vault.com/vault‐guides/interviewing)  \n􀂃 Vault case Interviews  \n􀂃 Vault behavioral interviews  \n􀂃 Vault finance interviews  \n􀂃 Case Interview Books (available in the McGill Library):  \no Case in point: Complete case interview preparation  \n[https://mcgill.on.worldcat.org/oclc/852235724](https://mcgill.on.worldcat.org/oclc/852235724)  \no Case interview secrets : A former McKinsey interviewer reveals how to get multiple job offers in consulting [https://mcgill.on.worldcat.org/oclc/803397971](https://mcgill.on.worldcat.org/oclc/803397971)  \no Ace your case II: mastering the case interview  \n[https://mcgill.on.worldcat.org/oclc/48846784","cbCaiai0ykTjQFop","https://ap.wps.com/l/cbCaiai0ykTjQFop","pdf",217278,"English","# How to Prepare for a Case Interview\n## What is a case interview?\n## How should you prepare for a case interview?\n## Become familiar with business frameworks\n## Make assumptions when answering questions\n## Research and practice case interviewing\n## Use books and online materials\n## Brush up on math skills","[{\"question\":\"What does a case interview evaluate?\",\"answer\":\"A case interview tests analytical ability, logical thinking, and how you organize and communicate your thought process. It also assesses tolerance for ambiguity and data overload, plus confidence and communication under pressure.\"},{\"question\":\"How can frameworks help during case interview preparation?\",\"answer\":\"Frameworks help structure your reasoning. Common examples include Porter’s 5 Forces, 3 C’s, 4 P’s, SWOT analysis, and profit decomposition into revenue minus costs. You should avoid forcing a framework onto the problem.\"},{\"question\":\"What should you do when case questions require assumptions?\",\"answer\":\"The goal is not to have the single “right” answer but to show the reasoning process. You should be prepared with relevant background information (e.g., population and household metrics) to support your assumptions.\"}]","How to Prepare for a Case Interview | PDF",1790359983]