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Case in Point: Complete Case Interview Preparation (10th Anniversary Edition), by Marc P. Cosentino
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Cosentino demystifies the consulting case interview. He takes you inside a typical interview by exploring the various types of case questions and he shares with you a system that will help you answer today's most sophisticated case questions. This new edition includes new case material plus 10 Partner cases to make it easy to give cases to your classmates.
- Sales Rank: #255203 in Books
- Brand: Brand: Burgee Press
- Published on: 2009-11-04
- Original language: English
- Number of items: 1
- Binding: Paperback
- 228 pages
- Used Book in Good Condition
Review
Cosentino is the Dean of case interviewing prep. Case in Point is lucid, down-to-earth, demystifying and surprisingly entertaining. -- --Hillary Harrow Senior Recruiter, McKinsey & Company
With humor and insight, Marc gets students thinking about how to use the case interview as a showcase of their talents rather than an obstacle to their employment. --Nancy Saunders Associate Director, Office of Career Services, Harvard University
With humor and insight, Marc gets students thinking about how to use the case interview as a showcase of their talents rather than an obstacle to their employment. --Nancy Saunders Associate Director, Office of Career Services, Harvard University
With humor and insight, Marc gets students thinking about how to use the case interview as a showcase of their talents rather than an obstacle to their employment. --Nancy Saunders Associate Director, Office of Career Services, Harvard University
About the Author
Marc Cosentino is president of CaseQuestions.com. He spent 18 years with Harvard Career Services training students in case interviews. He has written 3 books on consulting case interviews. He travels around the country giving case interview workshops at the top MBA programs. Cosentino also developed CQI the most sophisicated interactive case interview on-line training tool.
Most helpful customer reviews
138 of 152 people found the following review helpful.
Very helpful in landing a consulting job
By Adam Smith
Case in Point is a must read for people who are serious about getting a consulting job.
Having said that, this book will not help you get a consulting job unless:
(a) You are already interested in business; and
(b) Have good common sense; and
(c) Are comfortable with quantitative questioning; and
(d) Have good interviewing skills; and
(e) have an impressive enough CV to get an interview.
The above does not apply if you are one of those exceptional people who will probably receive offers everywhere you go (in which case the book may still be useful nonetheless).
After reading this book I interviewed with both Bain and McKinsey (for AC and BA positions) as well as with a number of investment banks. Ultimately I received a couple of offers at investment banks, was knocked out in the second round at Bain and received an offer from McKinsey.
Surprisingly the concepts I learnt in the book helped me with my IB interviews (at places such as Merrill Lynch and Morgan Stanley) as once they establish the basics (ie you can do DCF and understand undergraduate finance 101) they quickly move to strategy-type questioning where people familiar with consulting frameworks have a massive advantage.
Advantages of the Book
The advantage of this book is that it gives you a number of frameworks which can be adapted to answer pure strategy questions. I am aware of no other books that give you such detailed frameworks. The book then gives you a large number of practice questions (most of them are `allegedly' based on real interviews), shows the implementation of those frameworks in candidate answers and then critiques those answers.
To give you an example of how the book worked well for me - take my Bain interview Rnd 1 - the question was Toys R Us is thinking of putting in Vet surgeries in its stores - is it a good idea or not? What should they be thinking about? I was able to draw on the Case in Point problem of a retail store looking at putting a banking outlet in its store to guide my answer. If you immediately know that the things you should be looking at are entering a new market frameworks as well as synergy analysis and the potential for cannibalisation of store space you can arrive at an answer quickly that makes you look more insightful than the average.
In one of my McK round 1 interviews I was actually told that I had hit every single point on the answer guide. Not bad considering that I hadn't thought of anything original.
Disadvantages
One disadvantage of this book are that you can become so proficient with the frameworks that you can start using a framework that the interviewer wasn't wanting. Perhaps this was my overconfidence!
To give you an example in Bain Rnd 2 I was asked about a private equity company that had bought a company and wanted to "grow the business". I immediately started using a "grow the business" framework - ie revenue enhancement model, when it actually turned out that the interviewer wanted a cut cost to boost profitability model that focussed on holding period and exit strategy.
Another disadvantage is that you never are allowed enough time to write down your proposed framework to the answer before you are required to start answering the case so you better have it all worked out in your head. A follow on problem of this is that your answer can seem "creative but unstructured". I personally found that Bain obsessed about structure but McK cared more about creativity.
Some of the frameworks also need improving as they are too esoteric (especially at an entry level). The profit equation for example that Cosentino uses in the 5th edition is (I believe) so esoteric that if I had written it down I would have been laughed at. The one he advocates in the 4th edition is superior.
The pricing section is very insightful (and interesting) but did not help me much with questions about corporate valuation (ie "we have an exploding offer in 20 minutes and need to decide whether we sell the factory for $5 million or not") where I had to fall back on what I had learned about accounting and finance in my undergraduate degree. This question arose in both Bain and McKinsey cases.
Another thing that puzzled me is whether this book is targeted at MBA level entrants or undergraduates.
Conclusion
Overall the book is excellent and if married with the online questions (which you have to buy separately) can enhance case-interviewing immeasurably. I know friends of mine who I would consider smarter than me that bombed out spectacularly because they hadn't prepared.
If you want to prepare then this is the gold standard. Successful preparation with this book will take at least 20+ hours.
It won't however get you a job unless you bring the qualities to the table that the firms are after - eg leadership, presence, good grades and business acumen.
35 of 35 people found the following review helpful.
Success story - 2 MBB offers
By daniel donhauser
"Case In Point" gave me a lot of theoretical knowledge about case interviews and especially about what interviewers expect from their candidates. Having had two interviews at leading management consulting firms after reading that book, I got offers from both firms. However, I have to say that I also used preplounge.com to practise case interviews online with other peers. Something must have worked out - probably both. Of course, I can recommend the book but don't miss the chance to practise real case interviews online.
47 of 50 people found the following review helpful.
Got me a job I don't deserve
By Babylon
I'm a pre-med student who had little intention of going into consulting. By mostly happenchance, I landed myself into the interview room with McKinsey. The majority of my preparation was simply reading (at times re-reading) this book. It worked.
This book is a fine introduction to case studies for students relatively unfamiliar with their structure. I would be more hesitant in recommending this book for the better informed, though there is still a trove of useful information for those types as well.
The major strength of this book is not the Ivy System (or whatever fanciful name it touts). The system(s) the book presents are of secondary importance to its actual strength: the numerous simulated case interviews. The interviews are actual conversations -- and this lets you see certain strong and weak moves an interviewee makes, the types of questions and responses the interviewer with which the interviewer prods, and so on. It is tremendously more effective that simply having a case prompt -- and then a series of bullets that you should hit on.
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