Financial Consultant Interview Questions – Here are 14 questions asked to answer more than 90% of the questions you may be asked. Preparing answers to each of the interview questions will give you an advantage over other unprepared candidates.
In this article, we’ll go through each of the most frequently asked questions and show you how to answer each one. Here are 14 frequently asked questions:
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This interview question is usually asked at the beginning of the interview. Therefore, it is important to answer this question correctly in order to make a good first impression.
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One, interviewers need a summary of your work experience and accomplishments. Many times, interviewers don’t have time to look at your resume first.
Two, the interviewer wants to understand why you would be good at consulting. What you’ve achieved in your work experience and the skills you’ve developed through your experience is a good sign.
I spent the last two years working at Activision Blizzard, where I managed social media marketing. I designed and implemented campaigns that generated over $1 million in sales. I also designed marketing strategies that reduced customer acquisition costs by 15%.
Before that, I spent three years at LinkedIn working on their marketing team. I used customer research and focus groups to identify key customer points for marketing buyers. Since then, I’ve launched over fifty email campaigns that had a 25% higher conversion rate than my previous campaign.
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Based on my experience in business marketing and strategy, I believe I would be a great fit for McKinsey Marketing and Sales.
Consulting is a tough job and many consultants quit before reaching their one-year goal. It is a huge waste of company resources to advise hiring and training someone to leave after six months.
This question tests whether you have basic knowledge of the job. The better you understand what consulting is, the more likely you will stay online for a long time because once you start working nothing will surprise you.
Second, this question is a test of enthusiasm, showing that the interviewer will work hard as a consultant.
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To answer this question, identify the three main reasons why you are interested in consulting and use a simple, but effective format to make your answer clear and organized.
One, I want to be more involved in working with billion dollar executives on their most complex business issues. The opportunity to make a big difference excites me and gets me out of bed.
Two, I have a passion for energy through my previous work experience at ExxonMobil. Through mentoring, I can further develop my strengths and develop soft and hard skills to become a better business leader.
Third, I really enjoy working with teams, especially those with great and unique people. I look forward to getting to know my colleagues better and developing friendships with them.
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At this time, I feel that there is no other career path that better matches my career goals and objectives than consulting.
Interviewers will ask why you are interested in working for their company. This questionnaire is used to determine if you are truly interested in the company.
Before hiring, consulting firms want to make sure that you are genuinely interested and that you have a good chance of being accepted if they hire you.
It is a huge waste of resources for an agency to interview and make recommendations to candidates who apply to the agency as a fallback with no real goal of receiving a job.
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Therefore, in answering this question, you must demonstrate why the consulting firm you are inquiring about is the right choice for you. You have to explain it to the questioner.
Identify the top three reasons why you should be interested in a consulting firm and prepare your answer using the following format:
One, I have a passion for government and education. McKinsey is the clear leader in these areas among all consulting firms. McKinsey has excellent skills and strong client relationships that I would like to learn from.
Two, McKinsey has a global workforce model, which gives me the opportunity to travel and work with people from around the world. I get satisfaction from working with smart, diverse teams, and McKinsey is a great place to be.
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Three, many of my mentors and I respect them worked at McKinsey. They all highly recommend working at McKinsey, so I know that McKinsey will be the best place to work to improve my skills and advance my career.
Based on these reasons, I feel that no other consulting company is better suited to my business needs and goals than McKinsey.
Ethical or ethical questions are often asked in questionnaires. They ask you to draw on a time or experience in the past where you demonstrated that quality or quality. These questions are much deeper than what you wrote on your list.
The type most often consulted for behavioral problems focuses on management. Examples of these types of questions include:
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To answer these questions, choose an experience where you had a meaningful and significant impact while working with or managing other people.
4. Briefly describe what the experience has taught you about leadership or what this position reveals about you as a leader
While working on a customer service improvement project at Amazon, I managed a team of four people. The objective was to analyze data from customer surveys to identify ways to improve customer service.
I hire based on each person’s interests and skills. After a few weeks, I noticed that three members were working efficiently and effectively, while one member, John, was always doing poor work and was late.
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After realizing that this was the problem with the engine, I sat down with John to understand the root cause. The problem was that the analytics team had moved to use an analytics software called Tableau.
John found Tableau difficult to set up and use, so he was reluctant to move away from using Excel, where he was an expert. As a result, Excel cannot handle millions of rows of data, which makes the work inefficient and slow.
To motivate John, I set up a three-on-one Tableau training session with him to walk us through the Tableau process. I showed how it can save him time because it does more calculations than Excel.
Later, John began to like the table. He was interested in learning more about Tableau’s features that could save him time in his other work. His performance improved significantly and he started consistently delivering good work at the right time. Our team has created over twenty different client initiatives that have increased customer satisfaction scores by 20% and generated $125M in annual revenue.
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My leadership experience has taught me the importance of understanding your peers. John did not have a motivational problem, but a conversion problem. If I hadn’t taken the time to understand John’s feelings, I would have missed the simple answer to this question.
Another type of behavioral therapy focuses on problem solving. Examples of these types of questions include:
To answer these questions, choose an experience where you faced a challenge or challenge that was difficult but still managed to have a meaningful and powerful impact.
4. Briefly describe what this experience has taught you about problem solving or how this position has shaped you as a problem solver.
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Last year, I was at Airbnb working in their Planning and Analytics team. I worked primarily with the client team.
I was tasked with determining whether the additional $10M Airbnb spent on customer improvement programs had a positive return on investment. This was important because Airbnb focused on cutting unnecessary costs in order to achieve better profits.
I used SQL and Excel to analyze over 700K customer records to create models that show how happy customers vs. unhappy customers spend per year.
I partnered with the Data Science, Customer Experience, and Finance teams to drive fundraising and acquisitions. I also created competitors and benchmarks to further validate the results.
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Ultimately, I determined that the customer satisfaction program had a 20% return on investment. I presented the findings to the CFO and my 30-person planning and analysis team, who supported my proposal. Going forward my work will save Airbnb $10M per year.
During this process, I learned how to work with multi-functional teams and how to convince stakeholders about my products. The experience further strengthened my vision of using data to make smarter business decisions.
The third type of interview questions focused on conflict resolution issues. Examples of these types of questions include:
To answer these questions, choose an experience that has had a positive and significant impact on you.
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4. Briefly describe what this experience taught you about working with other people or what this position revealed about you as a colleague.
I worked on my last project
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