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Home Financial Literacy Career tips

Help! I have an interview

Chukwuma Aguma by Chukwuma Aguma
October 8, 2022
in Career tips, Financial Literacy, Spotlight
Help! I have an interview
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 An interview process is a dialogue aimed at getting to know you personally, learning more about your analytical capabilities, and also introducing you to the company, the people, and the work. You are assessed on your ability to listen, communicate effectively and present yourself with tact, energy, and persuasiveness. The interviewer looks for intellectual curiosity and creative thinking. And sometimes, they just want to find out what it would be like to spend a week on the road with you, working together on a client project. Interviewers value a sense of humour and a bit of ‘sparkle’ in your personality. 

Consider these tips if you want to have a successful interview 

Personal background 

During the interview, the interviewer wants to find out more about you and how you would fit in the company. For example, you might be asked to describe ways you have been able to make an impact in a team environment. You could be asked to describe a time when you were able to overcome obstacles, persuading others to go along with a decision that they had initially resisted. The interviewer may simply be curious to hear your motivation for choosing to pursue a career with the company. 

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 Case study 

The case study gives you an opportunity to demonstrate your problem-solving skills. Because the case is likely based on a real client project your interviewer has worked on, you will gain a unique insight into what consulting is like. The case study will feature a business problem that you will seek to solve during the interview. It will not require extensive knowledge of specific industries or processes and some cases have no right or wrong answers. Your questions and thought processes are more important than coming up with an actual solution.  

On the day of the interview, relax and be yourself. While there are no set rules on how to solve a case study, you will find below some advice that can help you succeed: 

 LISTEN TO THE INTERVIEWER & ASK QUESTIONS 

The interviewer will begin by laying out the problem. You should take time to align your thinking, ask clarifying questions and communicate your line of reasoning to your interviewer. The interviewer will also give you hints and help along the way, so don’t be afraid to take notes. 

 STRUCTURE THE PROBLEM & FORM A FRAMEWORK 

Take a moment to think about the case to gain perspective. Putting together a structure and a framework will help you clarify each step and enable you to identify the analysis you may want to perform to reach a solution. 

 THINK BEFORE SPEAKING 

Take some time to organize your ideas; don’t jump too fast to conclusions. 

 FOCUS ON HIGH-IMPACT ISSUES 

Concentrate on the issues that will really make a difference and create value for your ‘client’, but make sure that you explain the reasons behind your choices. 

 GENERATE A HYPOTHESIS & EXPLORE OPTIONS CREATIVELY 

Make suggestions on how to solve the key issues you have identified. The interviewer would expect when working with a consulting firm – innovative approaches that can change the rules of the game and creation of lasting competitive advantage. 

 DEMONSTRATE BUSINESS JUDGMENT 

Given that there is limited information available, the interviewer will ask you probing questions about your comments, hypotheses, or conclusions to test your capability to use your judgment. 

 MAKE QUICK & ACCURATE CALCULATIONS 

At some point, the interviewer may ask you to make some simple calculations. Rather than testing computational skills, this is meant to see if you can use numbers to quickly form opinions and guide decisions. Your calculations should be accurate and integrated into what you have discovered so far. 

SYNTHESISE YOUR THOUGHTS & DRAW CONCLUSIONS FROM YOUR ANALYSIS 

At the end of the interview, you should summarise the key hypotheses and options you have developed. Then, conclude with your recommended solution to the client’s problem. 

 DON’T RUSH INTO THE ANALYSIS WITHOUT DEVELOPING AN UNDERSTANDING OF THE PROBLEM 

During the discussion, the interviewer will work with you to organize your thoughts and steer you toward a solution. Don’t be afraid to ask questions that check your understanding. 

 DON’T PANIC IF THE ANSWER IS NOT APPARENT 

There is no right or wrong answer in our interviews and you are not expected to know everything about the business. The objective of the interview is for the interviewer to learn about your approach to solving business problems, so remember to discuss your line of thought with them. 

 DON’T DEFEND YOUR SOLUTION AT ALL COSTS 

If the interviewer challenges the solution you propose, don’t go on the defensive. Acknowledge the possibility that the interviewer has brought up a relevant perspective that you had not considered and re-examine your thinking accordingly. 

 DON’T INTERNALISE YOUR THOUGHT PROCESS 

The interview should be a dialogue between you and the interviewer, so make sure you communicate your logic and underlying assumptions. 

One last piece of advice: be yourself and have fun discussing the case. If you find this conversation exciting and entertaining, you’ll likely enjoy being a consultant. 


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Tags: Career tips for job seekersjob interview
Chukwuma Aguma

Chukwuma Aguma

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Comments 1

  1. ALLI OLALEKAN RAUF says:
    October 9, 2022 at 4:13 pm

    Good and wonderful piece of information

    Reply

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