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Mental Math Practice: Round to the Nearest Dollar: Getting the Most “Bang for your Buck”

Mental Math Practice: Getting the Most "Bang for your Buck" In case interviews, you may be asked to undergo mental math gyrations from Minute 1. Consider the following excerpt from this sample case. https://youtu.be/pF1HTYg8Vhg This deluge of information might come as a series of facts, sprinkled throughout the case – or it might arrive after a two-sentence prompt citing a client’s desire to reduce their R&D costs. “[…] All of the R&D facilities and staff are concentrated in the Boston area. There are approximately 2,300 R&D employees and the total R&D costs are approximately $12B per annum. The client has traditionally received 80% of its total revenue ($24B) from drugs to treat heart disease, blood pressure, and liver disease; 80% of the patents on these [three] drugs will expire by 2015, and the company therefore expanded research into adjacent areas in 2010. Not getting satisfactory results, the company expanded the research portfolio in 2012 [emphasis mine].” If you’re given all this information as a trainee, candidate, or interviewee, you’re likely to be experiencing hand cramps in the near future. Yet the interviewer will also expect that the cogs in your mind are turning, too – that is, that they are…

Mental Math Practice: Getting the Most "Bang for your Buck" In case interviews, you may be asked to undergo mental math gyrations from Minute 1. Consider the following excerpt from this sample case. https://youtu.be/pF1HTYg8Vhg This deluge of information might come as a series of facts, sprinkled throughout the case – or it might arrive after a two-sentence prompt citing a client’s desire to reduce their R&D costs. “[…] All of the R&D facilities and staff are concentrated in the Boston area. There are approximately 2,300 R&D employees and the total R&D costs are approximately $12B per annum. The client has…

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Consulting case interview

Case interview math (mental math) tools, formulas and tips

Case Interview Math (Mental Math) Tools, Formulas and Tips Consulting case interview mental math practice is a must as part of one's overall consulting case interview preparation. All management consulting firms, and certainly McKinsey, BCG and Bain, expect candidates to be very comfortable with quantitative data, statistics, and the ability to make decisions and client recommendations based on data. Management consultants at firms like McKinsey, BCG, Bain, Deloitte spend a lot of time working with numbers, charts, calculations, financial models in excel and other math work, often mental math work. So any consulting case interview mental math test, and there are really multiple mental math tests scattered throughout the consulting case interview process is something you have to be well prepared for. This does not mean that you need to have a math degree to have the right level of consulting case interview mental math skills. But you do need to know what is expected of you and you do need to practice mental math a lot. FREE GIFT #1 BONUS TUTORIAL DOWNLOAD 20 Brain Teasers With Answers And Explanations How is consulting case interview mental math different from academic math? Because management consulting is all about solving difficult problems,…

Consulting case interview

Case Interview Math (Mental Math) Tools, Formulas and Tips Consulting case interview mental math practice is a must as part of one's overall consulting case interview preparation. All management consulting firms, and certainly McKinsey, BCG and Bain, expect candidates to be very comfortable with quantitative data, statistics, and the ability to make decisions and client recommendations based on data. Management consultants at firms like McKinsey, BCG, Bain, Deloitte spend a lot of time working with numbers, charts, calculations, financial models in excel and other math work, often mental math work. So any consulting case interview mental math test, and there…

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