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Interview Question Bank - Consulting & Strategy

The document provides guidance for interview questions in consulting and strategy roles. It outlines that strategy interviews assess analytical and problem-solving skills through diverse questions across business functions. Key frameworks to know include SWOT analysis and Porter's Five Forces. Sample questions cover defining strategy, assessing market attractiveness using frameworks, recent mergers and acquisitions, strategic alliances, industries, monetary policy effects, and guesstimates questions requiring logical approaches. Candidates are advised to listen carefully, take time to answer concisely, and follow current business events.

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Satyajit Roy
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132 views2 pages

Interview Question Bank - Consulting & Strategy

The document provides guidance for interview questions in consulting and strategy roles. It outlines that strategy interviews assess analytical and problem-solving skills through diverse questions across business functions. Key frameworks to know include SWOT analysis and Porter's Five Forces. Sample questions cover defining strategy, assessing market attractiveness using frameworks, recent mergers and acquisitions, strategic alliances, industries, monetary policy effects, and guesstimates questions requiring logical approaches. Candidates are advised to listen carefully, take time to answer concisely, and follow current business events.

Uploaded by

Satyajit Roy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Interview Question Bank

Konquest Committee
Vertical: Consulting and Strategy

Brief Guidelines about Consulting/ Strategy domain and questions which a candidate might face in
such interviews:

Consulting/ Strategy interview in a nutshell:

- Strategy is not always a specific domain in companies rather it involves high level business
decisions which are a part of various verticals in the company like Marketing, Sales, and
Finance etc. and aim towards beating the competition with profits in mind
- Unlike other domains where one might expect vertical specific questions, in a consulting
diverse questions will be asked
- Mainly the interviewer checks the overall understanding and the dynamism in the candidate
to adapt to various business functions
- Have a good understanding of whatever is mentioned in the CV. Questions may take the form
of the business implications of the prior work experience rather than sticking to the
technicality of the context
- Strategy/ Consulting involves plethora of frameworks but most of them except few basic
frameworks are not required at this point as 1st year students have not been taught any
Strategy course till now

Few Frameworks, students must be aware of:

a) SWOT analysis/ matrix (use and application)


b) Porters’ five forces framework (use and application)

Few Pointers:

- Listen to the question very carefully


- Take some time to answer the question and don’t be in a hurry
- In a consulting interview, analytical and problem solving skills are taken into consideration
- Answers should be crisp and clear and it’s not advisable to give long answers to which
interviewer lose interest

Few questions:

Q1. What according to you is Deloitte/ Mahindra/ Cognizant etc.?


Q2. How will you define Strategy?
Q3. If a company is planning to hire a CEO, will it come under a strategic decision
Q4. Our company is planning to enter retail business and wants to know the attractiveness in
retail market, which Strategy framework will be suitable in this aspect?
Q5. Tell us a problem which our firm is facing, if any and what should be your approach in
dealing with it [Note: We strongly urge to have a good understanding of the organization’s
business and current happenings related to that organization]
Q6. What is the difference between Merger and Joint venture? Any recent example of
involving merger and Joint ventures? [Note: Be thorough with the current business
happenings]
Q7. How does Strategic Alliance helps the companies involved in partnerships
Q8. Which industry you are interested in? What do you predict is going to happen in this
industry in another 5 years [Note: It is advisable to follow at least one industry of interest
to the depth]
Q9. Can you summarize the current monetary policy for India? How it will affect you as a
citizen of India.
Q10. Are you aware of the problems Volkswagen is currently facing? What should be your road
map to deal with such crisis? [Note: Any such business problem can be given and
candidate will be asked to give the solution to the problem]
Q11. One might face Guesstimates questions like:
a) Estimate the bicycle market in India
b) Estimate the number of bakeries in Kozhikode district
c) A situation: Mr. XYZ wants to open a cricket academy in a district which experiences
heavy rainfall. This cricket academy will have many practice pitches. According to you,
how many cricket balls are required in a month for this cricket academy?
d) What is the size of the market for disposable diapers in China/ India?
[Note: In guesstimates, accurate answer is never expected but interviewer is looking
for the approach followed by the candidate. It is advisable for the candidate that
he/she should ask relevant questions to arrive at the final answer and take sufficient
time to answer the questions]

ALL THE BEST!

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