logo
episode-header-image
Jul 2023
5m 35s

598: Mathematical precision hurts (Case ...

StrategyTraining.com & FirmsConsulting.com
About this episode

For this episode, let's revisit a Case Interview & Management Consulting classic where we speak about mathematical precision.

As counter-intuitive as this sounds, mathematical precision in cases hurts most candidates. Many candidates focus heavily on being mathematically correct because it is far easier to see if your answer of $230MM is the same as the prescribed answer of $250MM. It is human nature to focus on what can be easily measured versus focusing on what should be measured. Candidates tend to confuse mathematical precision with being analytic. They are not the same and candidates should focus on being analytic, as explained in this podcast.

Here are some free gifts for you:

Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach

McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf

Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

Up next
Oct 15
822: The importance of communication (Case Interview & Management Consulting classics)
For this episode, let's revisit a Case Interview & Management Consulting classic where we discussed why communication is the most critical skill that a consultant must possess and how to effectively communicate in a logical and structured way. Here are some free gifts for you: Ov ... Show More
18m 6s
Oct 13
821: If you speak english (Case Interview & Management Consulting classics)
For this episode, let's revisit a Case Interview & Management Consulting classic where we covered a topic about different offices and locations to work if you are an English speaker and its upside and downside you may consider. Here are some free gifts for you: Overall Approach U ... Show More
15m 21s
Oct 8
820: The candidate that we took (Case Interview & Management Consulting classics)
For this episode, let's revisit a Case Interview & Management Consulting classic where we spoke about a candidate that we took that did not go well and the important lessons we learned from it. Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studi ... Show More
20m 31s
Recommended Episodes
Jul 2023
366: What if the client demands more analyses? (Strategy Skills classics)
<p>For this episode, let's revisit one of the classics by Strategy Skills, where we cover a topic about what to do if the client demands more analyses.</p> <p dir="ltr"><strong>Here are some free gifts for you:</strong></p> <p dir="ltr">Overall Approach Used in Well-Managed Strat ... Show More
23m 36s
Apr 2024
440: What is the big picture thinking? (Strategy Skills classics)
<p>For this episode, let's revisit a Strategy Skills classic where we discuss what big picture thinking is.</p> <p> </p> <p>At least once in your life, you would have received feedback to be a more big picture thinker. The problem is that everyone will have a different definition ... Show More
11m 58s
Apr 2024
438: Scenario planning's common problems (Strategy Skills classics)
<p>For this episode, let's revisit a Strategy Skills classic where we discuss scenario planning's common problems.</p> <p> </p> <p>Scenario planning / Scenario Analysis is a powerful tool in consulting. This is how to move from being a consultant to thinking and presenting like a ... Show More
9m 21s
Jul 2022
257: Professional values on studies (Strategy Skills classics)
<p>For this episode, let's revisit a Strategy Skills classic where we will talk about general professional values or etiquette that consultants should apply during an engagement. We specifically discuss things that consultants sometimes do on studies that may alienate the client. ... Show More
16m 2s
Sep 2023
384: Great Management Consultants are Artists (Strategy Skills classics)
<p>How do you become an outstanding management consultant? Should you excel at analysis? Should you master problem-solving? Should you become the world's most gifted communicator?</p> <p>You could master all of the aforementioned items and still be an average management consultan ... Show More
24m 11s
Oct 2022
288: Benchmarking analysis (Strategy Skills classics)
For this episode, let's revisit a Strategy Skills classic from the Corporate Strategy & Transformation study, where we explain how benchmarking analysis, or what is also called best practice analysis, should be used for the top-down analysis and why they are so difficult to manag ... Show More
16m 27s
Jan 2024
416: Consulting workshop best practices (Strategy Skills classics)
<p>For this episode, let's revisit a Strategy Skills classic where we discuss consulting workshop best practices.</p> <p>Subscribe to FIRMSconsulting's YouTube channel: <em><a href= "http://bit.ly/Firmsconsultingsubscribe" target="_blank" rel= "noopener">http://bit.ly/Firmsconsul ... Show More
9m 59s
Oct 2023
385: When should you not brand yourself ex McKinsey (Strategy Skills classics)
<p>For this episode, let's revisit one of the classics by Strategy Skills where we talk about one of the issues that we deal with at Firmsconsulting and which many ex employees of major consulting firms (e.g. ex McKinsey and ex BCG consultants) encounter as they embark on buildin ... Show More
11m 33s
Feb 2024
At the Money: Why Self-Insight Is So Important
How well do you understand yourself? For investors, it is an important question. We're co-conspirators in self-deception and this prevents us from having accurate self-knowledge. This does not lead to good results in the markets.  To explain, Barry Ritholtz welcomes David Dunning ... Show More
14m 9s
Feb 2024
The Investment Bank Interview Playbook: Mastering Behaviour & Technical Questions
<p>In this podcast episode, the team delves into the techniques and best practices for excelling in an investment bank interview.</p><br><p>Topics covered include:</p><p><br></p><ul><li>**Crafting Compelling Responses:** Learn the art of structuring your answers for maximum impac ... Show More
43m 8s