OFFICE OF CAREER SERVICES Consulting Skills Test Resources Many of the top consulting companies test potential employees’ knowledge in logic, math, and analytical skills in addition to their business sense. This comes in the form of case interviews, but also in the form of tests such as McKinsey’s Problem Solving Test (PST), Boston Consulting Group’s BCG Potential Test and others like them. The PST is a paper-based test all potential McKinsey employees must take during the interview process. It tests applicants on logic and math and is comprised of twenty six questions. Applicants have sixty minutes to complete the test and are not permitted to use calculators or scrap paper during the test. The BCG Potential Test targets similar skillsets and is conducted online, but the format of the test does not appear to be standardized. Previous test takers have reported 50 questions in 50 minutes; 23 questions in 45 minutes; 53 questions in 50 minutes etc. There are less resources available for the BCG Potential Test than the McKinsey PST, but the knowledge and skills required to succeed at one will likely lead to success with the other. Likewise, other top consulting firms such as Bain utilize similar tests to aid in the hiring process in addition to case interviews. Do not ignore the importance of these tests, as they can significantly help or hinder you depending on how you perform. We’ve tried to assist your preparation by finding some resources that may potentially help you. Some of the following resources are free; others offer a free sample, but require payment for the full program. Additionally, there are free videos at the bottom of this document. OCS isn’t endorsing any of the following programs, merely providing potential resources in order to get you on the right track to successfully take the PST, or tests like it. Lastly, previous test takers have also recommended GMAT Critical Reasoning and GMAT math in order to help practice as well as sharpen those math skills without a calculator. For Bain’s test the GMAT analytical exercises and the GMAT Integrating Reasoning may help in preparation. Free Resources Practice tests and a coaching guide from McKinsey can be found at the following link once you scroll to the bottom of the page. http://www.mckinsey.com/careers/interviewing Tips and assistance with question types designed to increase successful test taking prepared by mconsultingprep.com. http://mconsultingprep.com/problem-solving-test/how-to-prepare/ Mconsultingprep.com has plain number math drills to help speed up your math calculations through practice. http://mconsultingprep.com/plain-number-math-drills/ Additionally, mconsultingprep.com provides a chart-based math skills test to help your practice. http://mconsultingprep.com/chart-based-math-drills/ Updated 8/16 Classmill.com has a module that gives examples of the various types of math you’ll need to work on in order to prepare for a test like the PST. http://classmill.com/brendalouis/management-consulting-test-andinterview-prep/m/O5kv OFFICE OF CAREER SERVICES Academia.edu also provides a short-question test on math pertaining to consulting that will help you practice. http://www.academia.edu/15646015/Consulting_Math_Drills_Short_Questions_Practice_Package_Overview and_Instructions INTERVIEW TYPES Screening Interview: The screening interview does just that—screen out candidates whose qualifications Consultingguru.com a free sample testinterview with question types you may encounter, in order to help don’t meet the job offers specifications. The first is typically conducted by a human resources prepare and practice. http://consultingguru.com/our-services/pst-example/ professional and will probably focus more on your resume and qualifications than anything else. Screening interviews may be conducted in person, by telephone, or by video conferencing (see Telephone Igotanoffer.com has anorarticle outlines 9 strategies for improving your proficiency at taking the PST. Interview and Video Skypethat Interview sections). http://igotanoffer.com/blogs/mckinseypst/16268468-mckinsey-pst-9-top-preparation-facts-and-tips Thefollowing is a list ofskills articles provides a variety ofjob techniques to improve taking the Articulate your andfrom whatIgotanoffer.com you accomplished at each previous experience. PST. http://igotanoffer.com/blogs/mckinseypst Second Interview: Second round interviews are often more difficult to prepare for because their purpose Additionally, igotanoffer.com multiple test preparation to helpSecond test takers improve their is more subtle—to determinepossesses which candidates will best "fit" withprograms the company. interviews may abilities for case interviews and the PST. be comprised of behavioral and competency-based questions (see Behavioral Interview and Competencybased Interview sections). Free McKinsey Case Interview Prep: http://igotanoffer.com/collections/mckinsey-case-interview/products/freemckinsey-case-interview-prep Ask questions about the work environment. Free McKinsey PST: http://igotanoffer.com/products/free-mckinsey-pst This stage may also include reference checks and testing. Igotanoffer.com also provides this article which has methods one can use to help speed up mental math Case Study firmsthe and certain financial institutions may include a case study or calculations forInterview: problemsConsulting geared toward PST. http://igotanoffer.com/blogs/mckinseypst/13218041-beword problem based on a real-life or simulated consulting situation as part of their interview process. In lazy-and-increase-your-speed-at-the-mckinsey-pst this instance, the interviewer will present you with a case study and ask how you would approach and solve the dilemma at hand. interviewer is simply trying to determine your abilities through Consultingcase101.com offersThe a small paragraph with information on the PST andanalytical also provides a number of thissample interview method, so be trydownloaded not to get flustered! older tests that can and taken for free. http://www.consultingcase101.com/mckinseyproblem-solving-test/ You can usually ask relevant questions in your efforts. Consultingcase101.com alsoof provides fivehardcopy different case interviews to help improve calculation There are a number online and resources available through the your Office of Career speed with fastServices math drills. http://www.consultingcase101.com/?s=fast+math+drills to help you prepare for these types of interviews. It is also imperative to be part of a student study group and practice together since these interviews Caseinterview.com has a math problem practice program that allows you to choose between precise math or are very demanding. estimation math, in addition to problem types that range from addition and subtraction to multiplication and percentages. can also difficultythe level. In order to thetotest need to situation make an account. Behavioral You Interview: Inselect these the interviews, interviewer willutilize ask you talkyou’ll about a real you’ve https://www.caseinterview.com/math/home.php encountered and your response to that situation. A sample question could include, “Tell me of an incident when you failed,” instead of a hypothetical question such as “How you would handle a mistake or Caseinterview.com also has a guide for the PST. http://www.caseinterview.com/mckinsey-problem-solvingfailure?” The employer assumes this will be a good indicator of how you would handle situations in the test future. In addition to their PST guides, igotanoffer.com also provides a short guide for the BCG Potential Test. http://igotanoffer.com/blogs/bcg-potential-test/16842880-bcg-potential-test-how-to-prepare Stay calm and answer the question as completely as you can, using the SAR formula as your guide: o S – What was the situation or problem that you were presented with? Likewise mconsultingprep.com sample Potentialhighlight Test. http://mconsultingprep.com/bcg-potentialo A – What actionhas did ayou take?BCG (Specifically the skills used.) test/ o R – What were the results of your actions? (Be specific and quantify results when possible.) Caseinterview.com provides a small guide on the BCG Potential Test. http://www.caseinterview.com/bcgpotential-test Lastly, there are two books in the Columbia University library system that may assist you with the skills needed to successfully take the PST or similar tests. The book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean, by Karen Berman and Joe Knight can be purchased on Amazon, or checked out from the Business and Economics Library. Guesstimation: Solving the World's Problems on the Back of a Cocktail Napkin, by Lawrence Weinstein and John A. Adam can be obtained from Milstein (Butler) for a hard copy version, or if using a search on CLIO you may find an electronic version. OFFICE OF CAREER SERVICES INTERVIEW TYPES Screening Interview: The screening interview does just that—screen out candidates whose qualifications The first interview is typically conducted by a human resources professional and will probably focus more on your resume and qualifications than anything else. MyConsultingCoach.com offers a free sample PST, but provides preparation programs at Screening interviews may be conducted in person, byalso telephone, ormultiple by videoPST conferencing (see Telephone varied costs. http://www.myconsultingcoach.com/problem-solving-test/ Interview and Video or Skype Interview sections). Paid don’tResources meet the job specifications. McKinsey Case Interview Training Programme: http://igotanoffer.com/collections/products-landing Articulate your skills and what you accomplished at each previous job experience. page/products/mckinsey-case-interview-training-programme SecondPST Interview: round http://igotanoffer.com/products/mckinsey-pst-training-programme interviews are often more difficult to prepare for because their purpose McKinsey TrainingSecond Programme: is more subtle—to determine which candidates will best "fit" with the company. Second interviews may be comprised of behavioral and competency-based questions (see Behavioral Interview and CompetencyMConsultingprep.com also has a paid PST training program. http://mconsultingprep.com/problem-solvingtest-product/ based Interview sections). Ask questions about the work environment. Videos This stage may also include reference checks and testing. McKinsey PSTInterview: Prep: Reading Facts Questions Mconsultingprep.com. Case Study Consulting firms andGuide certainfrom financial institutions may include a case study or https://www.youtube.com/watch?v=9LLULjlTeKQ word problem based on a real-life or simulated consulting situation as part of their interview process. In this instance, the interviewer will present you with a case study and ask how you would approach and McKinsey Prep: Fact-Based Conclusion Questions MConsultingprep.com. solve thePST dilemma at hand. The interviewer is simplyGuide tryingfrom to determine your analytical abilities through https://www.youtube.com/watch?v=JR46Q_gk90E this interview method, so try not to get flustered! McKinsey PST Prep: Root-Cause Questions Guide from MConsultingroup.com. You can usually ask relevant questions in your efforts. https://www.youtube.com/watch?v=3udUGaVw3vg There are a number of online and hardcopy resources available through the Office of Career Services to help you prepare for thesefrom typesigotanoffer.com. of interviews. McKinsey PST Essential Business Knowledge It is also imperative to be part of a student study group and practice together since these interviews https://www.youtube.com/watch?v=wkEVfsk9NVk are very demanding. Behavioral Interview: In these interviews, the interviewer will ask you to talk about a real situation you’ve encountered and your response to that situation. A sample question could include, “Tell me of an incident when you failed,” instead of a hypothetical question such as “How you would handle a mistake or failure?” The employer assumes this will be a good indicator of how you would handle situations in the future. Stay calm and answer the question as completely as you can, using the SAR formula as your guide: o S – What was the situation or problem that you were presented with? o A – What action did you take? (Specifically highlight the skills used.) o R – What were the results of your actions? (Be specific and quantify results when Office of Career Services | 420 West 118 Street, Room 420, New York, NY 10027 possible.) 212-854-4613 | Fax 212-854-6190 | [email protected] | sipa.columbia.edu/ocs
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