Consulting Math | Secrets from Bain Consultants
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- čas přidán 23. 07. 2024
- Neel and Rohit explain why math is important for the case interview (and consultants), outline their most important math guidelines, and share their secret tips and tricks that helped them ace the math on all of their cases.
How you can help out Neel & Rohit:
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Link to casing resources: drive.google.com/drive/folder...
Video on how to estimate accurately and quickly: • Speed up Mental Math 5...
Timestamps:
Intro - 0:00
Overview of video - 0:37
Part 1: Why is math important? - 1:00
↳Reason math is important for case interviews - 1:18
↳Reason math is important on the job - 1:23
↳What kind of math you're expected to know - 2:12
↳How consultants provide value using math & data - 2:25
Part 2: Important math guidelines - 4:17
↳Overview your math - 4:27
↳Knowing the units of what you're solving - 6:01
↳If you're taking a long time, re-evaluate - 7:05
↳Speak to your numbers!!! - 7:49
↳How to estimate numbers quickly and accurately - 9:50
Part 3: Specific math tips & tricks - 10:18
↳Don't use 0's - 10:33
↳Always write your units - 10:53
↳Math the math easier on yourself - 11:27
↳Break numbers into parts - 13:02
↳Brush up on mental math skills - 13:41
↳Tricks with 25 and 5 - 14:30
General disclaimer: All views provided by Neel and Rohit are their own. Their views do not and should not be taken as those of Bain & Company.
To email us:
↳NeelandRohit@gmail.com
Sweet vid! Poker definitely helps out with mental math haha one trick that I use is using scientific notation when dividing two large numbers. For example if you were asked to divide 21 billion by 70 thousand you could just use 21 x 10^9 / 7 x 10^4. If you do 21/7 and then subtract 9-4 (from 10^9 and 10^4) your answer is 3 x 10^5(300k)!
Thanks Musa! And definitely, that's a great way to handle large numbers (and perfect examples that ties into Rohit's point on not writing out 0's)
Thank you so much for this video! I’m a humanities major about to start recruiting for consulting and my main worry has always been the maths, but seeing it broken down like this and all the shortcuts makes it seem a lot more manageable than I initially thought! Thanks a lot!
Glad it's helpful Dom! With practice, you'll be killing the math section!
The information you both put out, Neel and Rohit, is simple, yet so effective. This is the only resource I will use in the next two months (less is more). Thanks for giving back!
Great to hear Bilal! Let us know what else we can make to help (more casing videos on the way)
I wish I knew these guidelines when I was applying to the Big 3 now! I'm at Bain currently and definitely think this advice is gold
Glad to see another Bainie here Shaq! Thanks for the support
Great resource... its been very helpful in our journey of preparing for the consulting interviews
Thank you so much for this. I'm in the interview process right now and these resources will be a big help :)
Best of luck!
I am so impressed by you guys, not only because of the simplicity with which you both explain but mainly because of this whole work that you guys doing of helping out freely on this platform. Thanks alot again for sharing the resources and all the best to both of you for your respective future endeavours..
Thank you a bunch Aditi!
@@neelandrohit6490 please if u all can give an insight into how to apply for consulting roles if I am interested in working in US or UK. If its possible to apply from India and get through. Thanks
thank you for the video, it's very informative. Coordination of both of you is awesome Boss!
Fantastic to hear Sunny! Appreciate you letting us know
Good video Neel and Rohit , thank you for making it.
Of course - glad it was helpful Suliman!
Brilliant video guys, loved the math tips.
Thanks a ton Brad!
so many thanks for making this video 😭😭I am a non-target school student and it's soooooooo hard for me to even get a chance for interview😭really appreciate it !
Of course Lexie! Keep your head up - we believe in your ability to get an interview :)
Very helpful, thank you so much ❤
How can you be so good... Watched every video at least 2 times. LOVE IT!!!!
That's amazing! Thanks Ayush
They work for one of the BIG FOUR! All of the big 4, and essentially the BIG 15 accounting and consulting firms have phenomenal training... but they also recruit the best, so these guys were probably geniuses already! LOL I think Boston Consulting Group[ (BCG) has the best training, followed by Ernst & Young.
thank you, im a first year uni student, and i'm finding this advice very useful
Thanks James, glad it's helpful!
Thank you guys so much!
Of course, glad it's helpful!
As someone who isn't from a target school, I greatly appreciate your videos
Glad to hear it Col! Best of luck with your consulting application journey
Thank You. This was very helpful
That's great to know - thank you Himanshu!
Thank you Neel and Rohit for another great effort with another video! Raza =)
Thank you!
@@neelandrohit6490 =)
Thank you so much!
Thanks Alex!
loved this video guys, as always :) scientific notation, in addition to writing say 10k. then also, writing explanations next to numbers if it's a numeric heavy case so you remember what values you had found for what later on! ps. please do a video with a math heavy case so you can show these tips in practice!
That's a great point! We'll add that to the list - I think a couple of people have asked for that now!
Amazing work you guys keep it up!
We'll try out best! Thanks Rania
And always welcome feedback on how we can improve the channel for you, so feel free to let us know!
Thank you!
Would be better if you added some visual captions when you talk about the math tricks and processes. Since Neel talks pretty fast, having something to look at while hearing about the same thing, really helps visual learners.
Wowww! Thanks for this,
Our pleasure!
The video I needed!
Thank you!
Really great and helpful vid! Thanks a ton for providing these insights. One thing tho- the link to the casing resources is not working, have they been deleted?
Fixed! It should work now
@@neelandrohit6490 yes, thanks :)
how to cruse cosulting frame work/big 3 consultant
Where is the link of the video you guys mentioned?
Don't confuse calculations with math, this is mostly knowing how to calculate things and being trained on doing the calculations without a calculator. This is not the same as Math in general.
thanks
Hey, I am planning to get into consulting. My background is in Loans and operations and I am a Bcom from Mumbai so please recommend a courses or specialization's that will help me land in one of the MBB?
Hey guys! Love your videos. Can you guys do a video on estimation?
Agreed! Would love to see a video on how to estimate populations for different countries, states, or regions. Honestly, would just love a general market sizing + estimation video (where you 2 go over some sample questions & your thought process in answering them)
Yeah, that would be helpful indeed
We can definitely do a video where we go over market sizings and how to make estimations for those! Good recommendation
I actually do the same trick as Neel with the 25 (multiply by 100 and divide by 4), but would you personally recommend walking your interviewer through this thought process? Or else just saying "18 times 25 is.... 450"
Haha that's awesome to hear! I (Neel here) would recommend walking through interviewer through the math, but framing it more as you showing them the way you're doing the math rather than showing them as if they wouldn't know how to do it themselves. It's just about striking a balance between explaining and over-explaining (because your interviewer will likely be good at math too)
Waiting for your next case video... It's been a month since you posted your last video... Come on guys!!
Haha you're totally right Naveen - we're trying our best. We'll make another casing video quick soon!
Nice video
Thank you Payal!
Hey! Just wanted to ask if you can use a calculator on the job?
Of course! We use excel all the time
Hey guys, hope you're well. Awesome video!! It sounds super interesting :)
I'm considering switching from my Accounting Major at McGill into one of the following.. I'm the first out of my family to go to college, didn't grow up in much wealth, I'd like to change that for myself.
Which career, do you guys believe, provides me the best opportunity of a high earning potential (given I'd stay in MTL/Canada)
1. Civil engineer
2. Accountant/CPA
3. Finance (IB/Consulting/etc.)
4. Premed track
What did you major in? Did you find your major helped you out in your current job? What do you recommend!
Thanks guys! I know it's a little bit of an unconventional question, and hoping to hear your responses.
Matan
Hey Matan, apologies for the late reply!
Awesome story man, and best of luck changing your family's financial situation around. As for the career with the highest earning potential, my personal opinion (Neel here) is that finance will provide that. Specifically if you go the investment banking (or maybe even consulting) route into private equity. That's a sure-fire way, although quite stressful and demanding and selective, to get a ~$250K yearly salary just 3 - 4 years out of uni
Have you made any headway on this decision since making your comment?
Which system is used mostly the Indian system of Lakhs and Crores or Millions and Billions in Big3
Thanks, guys. the video linked for estimating the math fast is a scam - the guys does not explain the adjustent to the numbers rounded at all
Glad to hear you found our video useful. And sorry to hear the linked video didn't provide the value you were looking for. Were there any other videos that you thought explained it well?
czcams.com/video/7qsA0t_kFCQ/video.html any other way to solve this guesstimate?
run away from consulting as fast as you can, now, go! Find something you're good at and sell that skill
U both from India?
Rohit has lived in India for several years in his life, and my parents are both from India (but I was born in the US).
In life , when you are good at math , you'll soon be a giver !