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Auctus Advisors Intern Interview Questions, Process, and Tips
Top Auctus Advisors Intern Interview Questions and Answers
- Q1. Case : Company A manufactures beer bottles and has only 1 customer B. A sells 50 lakhs bottles per annum. B might raise the demand to 1 crore “after a month” in case IPL ...read more
- Q2. I have a piece of land. Should I sell off the land or build a school on it. For this guesstimate, you need to ask a lot of questions and calculate the cost of establishin ...read more
- Q3. How is Auctus different from other consulting firms?
Auctus Advisors Intern Interview Experiences
2 interviews found
Anonymous
Interview Questionnaire
11 Questions
- Q1. Tell me about yourself
- Ans.
I am a highly motivated individual with a passion for learning and a strong work ethic.
I have a Bachelor's degree in Computer Science
I have completed several internships in software development
I am proficient in programming languages such as Java and Python
I am a quick learner and enjoy taking on new challenges
- Q2. My PORs at IIT
- Q3. Discussion about my work ex
- Q4. When in a group – are you the silent one or the one who speaks the most
- Ans.
I am neither the silent one nor the one who speaks the most. I contribute to the conversation when I have something valuable to add.
I prefer to listen and observe before speaking up
I believe in quality over quantity when it comes to contributing to a group discussion
I try to bring a unique perspective or idea to the conversation
I am comfortable with silence and don't feel the need to fill every moment with talking
- Q5. Asked to narrate a good story based on my POR
- Q6. Why consulting?
- Ans.
Consulting offers diverse challenges and opportunities to work with different clients and industries.
Consulting provides exposure to various industries and clients
Offers diverse challenges and opportunities to learn and grow
Allows for the development of problem-solving and analytical skills
Provides a chance to work with a team of experts
Offers a fast-paced and dynamic work environment
- Q7. Why consult?
- Ans.
Consulting provides expert advice and solutions to complex problems.
Consultants bring a fresh perspective and specialized knowledge to a problem.
Consulting firms have access to a wide range of resources and expertise.
Consulting can help organizations improve efficiency, reduce costs, and increase revenue.
Consulting can provide guidance on strategic planning, organizational design, and change management.
Examples include...
- Q8. Why Auctus?
- Ans.
Auctus is a leading provider of innovative retirement planning solutions.
Auctus offers personalized retirement planning services
Their platform uses advanced technology to optimize retirement savings
Auctus has a team of experienced financial advisors to guide clients
Their solutions are designed to help clients achieve their retirement goals
Auctus has a strong reputation for delivering high-quality service
- Q9. How is Auctus different from other consulting firms?
- Ans.
Auctus offers customized solutions to clients with a focus on long-term sustainability and growth.
Auctus takes a holistic approach to consulting, considering all aspects of a client's business
Auctus emphasizes long-term sustainability and growth, rather than short-term fixes
Auctus offers customized solutions tailored to each client's unique needs
Auctus has a team of experienced consultants with diverse backgrounds and ...
- Q10. Case : Company A manufactures beer bottles and has only 1 customer B. A sells 50 lakhs bottles per annum. B might raise the demand to 1 crore “after a month” in case IPL takes place this year. A has to de...
- Ans.
Company A has to decide whether to produce 1 crore beer bottles for customer B in case of increased demand due to IPL.
Consider the cost of producing extra bottles versus the cost of buying from a third party.
Evaluate the risk of buying a new machine that may be defective.
Assess the probability of increased demand from customer B due to IPL.
Analyze the potential impact on profits and market share.
Consider the long-term ...
- Q11. Case : A company is planning to construct a school in Indore. Suggest construction options for profit
Interview Preparation Tips
Experience: I was Well prepared for – why consult, why Auctus and about the company. I was confident and the discussion was very interactive.
Round: Case Study Interview
Experience: For the first case : I started the case by stating (drawing tree) that there are 2 possibilities i) go for increased production ii) not go for increased production.
In case (i) there are 2 possibilities a) purchase the new machine or b) get from 3rd party.
In case (i)(a) again there are 2 possibilities (1) machine is defective (2) it is not
Followed by stating: to deduce the most appropriate option we need to calculate expected value of profit for each case for which I asked following questions: Current capacity of production (75 lakhs), probability of occurrence of event (IPL), current cost, cost of buying new machine, probability of it being defective and consequences, cost of getting from 3rd party, profit per bottle. (Asked other questions as and when required).
Then computed expected value of profit for each of the 3 possible options and suggested to go for one with maximum expected value of profit.
Discussed the case for about 45 mins
For the Second case : I started with questions Does the company has prior experience in this sector? How many schools are there in surrounding area and type? Which part of the city are we aiming at (outskirts)? Since it was on outskirts I suggested that it could go for full + day boarding and continued further on that: type of school (medium, standards, registration fee).
He stated that the land was quite big and cheaper (as it is located on outskirts). I suggested that company could invest in other options like sports (swimming pool, TT etc.) for which it could charge. Could lend a portion for cafeteria etc.
Didn’t discuss much on this case due to lack of time
General Tips: Ask clarification questions. Think loud. Have a good discussion.
Stay calm, confident and happy. Enjoy the process.
Skills:
College Name: IIM Lucknow
Interview Questionnaire
9 Questions
- Q1. About me
- Q2. Why consulting and why are you a right fit
- Ans.
Consulting is a perfect blend of my analytical skills and passion for problem-solving. My experience in diverse industries makes me a right fit for consulting.
I enjoy analyzing complex problems and providing solutions
I have experience in diverse industries such as finance, healthcare, and technology
I possess strong communication and interpersonal skills
I am a quick learner and adapt well to new environments
I am passion...
- Q3. CV related questions
- Q4. Consulting is very challenging. Do you think it is in line with what you want to do in life
- Ans.
Yes, I believe consulting is in line with my career aspirations.
I enjoy problem-solving and working with clients to find solutions
I have experience in consulting through internships and coursework
I am excited about the opportunity to work with a variety of industries and projects
I am willing to put in the effort and dedication required to succeed in a challenging field
- Q5. Are you fine with travelling for work
- Ans.
Yes, I am comfortable with travelling for work.
I have previous experience travelling for work and enjoy it
I am flexible and adaptable to new environments
I understand the importance of meeting clients face-to-face
I am willing to travel both domestically and internationally
- Q6. What qualities does a consultant need
- Ans.
A consultant needs strong communication skills, analytical thinking, adaptability, and industry knowledge.
Strong communication skills to effectively communicate with clients and team members
Analytical thinking to identify problems and provide solutions
Adaptability to work in different environments and handle unexpected situations
Industry knowledge to provide valuable insights and recommendations
Ability to work under pr...
- Q7. What is the difference between solving a case in an interview and solving a case practically for a client
- Q8. There is a beer company. Its current sales is X. It manufactures the beer bottles in-house at present. Since the World Cup is approaching, it is expected that the sales will become 2X. The beer company has...
- Q9. I have a piece of land. Should I sell off the land or build a school on it. For this guesstimate, you need to ask a lot of questions and calculate the cost of establishing a school on the land and calculat...
- Ans.
Calculate cost of building a school on land vs selling the land by estimating cash flows in 10 years.
Calculate cost of land, construction, staffing, and maintenance for school
Estimate revenue from tuition fees and other sources for 10 years
Compare cash flows with future worth of selling price of land
Consider long-term benefits of building a school for community development
Evaluate risks and uncertainties in both option
Interview Preparation Tips
Experience: I could come up with all the possible scenarios quickly. I calculated the expected profits for each of the scenarios and came up with the best one. This case could have been solved using opportunity cost of each scenario as well.
General Tips: Be confident. They are looking for enthusiastic people, good communication skills and presence of mind.
Skills:
College Name: IIM Lucknow
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- Q1. What is strength
- Ans.
Strength is the ability to overcome challenges and obstacles, both physically and mentally.
Physical strength is the ability to exert force and lift heavy objects.
Mental strength is the ability to stay resilient in the face of adversity.
Strength can also refer to emotional resilience and the ability to cope with difficult situations.
Strength can be developed through consistent practice and perseverance.
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- Q1. Details of various audit and accounting aspects
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- Q1. Why chosen the firm
- Q2. Personal details
Interview Preparation Tips
I applied via LinkedIn and was interviewed before Oct 2023. There were 2 interview rounds.
30 min. Aptitude logical reasoning
Commercial topics it may be any thing
I applied via Naukri.com and was interviewed in Mar 2021. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. What are intangible Asset ?
- Ans.
Intangible assets are non-physical assets that have no intrinsic value but can generate revenue for a company.
Examples include patents, trademarks, copyrights, and goodwill.
They are not physical in nature and cannot be touched or seen.
They are recorded on a company's balance sheet and can be bought, sold, or licensed.
Their value is determined by their ability to generate future economic benefits.
They are important for ...
- Q2. Accounting standard that deal with Asset, and depreciation
- Ans.
The accounting standard that deals with asset and depreciation is IAS 16.
IAS 16 stands for International Accounting Standard 16.
It provides guidance on how to account for property, plant, and equipment.
It also covers the recognition, measurement, and depreciation of assets.
Depreciation is the systematic allocation of the cost of an asset over its useful life.
Examples of assets covered by IAS 16 include buildings, machi
- Q3. Salaries outstanding journal entry ?
Interview Preparation Tips
I applied via Company Website and was interviewed before Sep 2021. There were 2 interview rounds.
Standard aptitude test, go through your quant and some reasoning as well.
(1 Question)
- Q1. Where do you see yourself in 5 years?
Interview Preparation Tips
Interview Questionnaire
6 Questions
- Q1. Introduction
- Q2. General HR
- Q3. Case
- Q4. Extensive HR
- Q5. Small case
- Q6. A tractor manufacturing company’s share is declining. Company Description, Manufacturing Operations, and Revenue Split – by product and geography. The company had 4 tractor models (different hp powers)
- Ans.
The tractor manufacturing company's declining share is due to lack of product diversification and limited market reach.
The company needs to expand its product line to cater to different customer needs.
The company should explore new markets and increase its presence in existing ones.
The company can consider partnerships or collaborations to enhance its manufacturing capabilities.
The company should focus on improving its...
Interview Preparation Tips
Experience: Discussed about the various possibilities of the revenues decline –any particular geography, product or channel. There was a particular region where the sales were declining. The sales in the region primarily consisted of 2 tractor models – 35 and 45 hp.
Tried to approach the problem by dividing the issue areas between Internal and External.
Internal – Company related issues related to 4Ps. External – Competition, Consumer Behaving Pattern or External Environment overall (PESTLE).
The prices of the product w.r.t to competitors was at par. However, the maintenance costs was higher as compared to competitors and hence the sales were going down.
Solution:
Proposed a solution of providing extended warranty. Also the excess costs incurred by the company could be recovered by increasing costs of the other 2 tractors (as its market price was slightly lower than its competitors) compromise on the profits.
General Tips: Just be comprehensive. It does no matter if reach the solution or not. Just be exhaustive and have a structured approach.
Skills:
College Name: IIM Lucknow
Interview Questionnaire
9 Questions
- Q1. What were your biggest learnings from the work experiences in all companies/ profiles you worked for/ in
- Ans.
My biggest learnings from work experiences
Importance of effective communication in a team setting
Adaptability and flexibility in handling different tasks and challenges
Time management and prioritization of tasks
Building strong professional relationships and networking
Continuous learning and skill development
- Q2. Need to reduce the waiting time in the OPD of a hospital. How would you do it
- Q3. Why MBA after such work experience?
- Ans.
An MBA will enhance my skills and knowledge to advance my career and achieve my long-term goals.
To gain a deeper understanding of business operations and strategy
To develop leadership and management skills
To expand my professional network and gain exposure to diverse industries
To pivot my career towards a new industry or function
To achieve my long-term career goals
Example: I have worked in marketing for several years a...
- Q4. Short quantitative problem on variable/ fixed expenses of a hotel
- Ans.
Variable expenses of a hotel are costs that change with occupancy levels, while fixed expenses remain constant.
Variable expenses include housekeeping, laundry, and guest amenities.
Fixed expenses include rent, property taxes, and insurance.
As occupancy levels increase, variable expenses will also increase.
Fixed expenses can be spread out over a larger number of guests, reducing the cost per guest.
Understanding the diffe...
- Q5. Qualitative case: How would you reduce the setup cost of a hotel company?
- Ans.
To reduce setup cost of a hotel company, focus on optimizing procurement, outsourcing non-core activities, and utilizing technology.
Optimize procurement by negotiating better deals with suppliers and using bulk purchasing
Outsource non-core activities such as laundry, landscaping, and maintenance to reduce staffing costs
Utilize technology to automate processes and reduce manual labor, such as implementing self-check-in ...
- Q6. Tell me about yourself
- Ans.
I am a highly motivated individual with a passion for learning and a strong work ethic.
I have a Bachelor's degree in Computer Science
I have completed several internships in software development
I am proficient in programming languages such as Java and Python
I am a quick learner and enjoy taking on new challenges
- Q7. Biggest failure in life (from the McKinsey test)
- Ans.
My biggest failure was not standing up for myself in a toxic work environment.
I allowed my boss to belittle and undermine me in front of colleagues.
I didn't speak up when I was given unfair workloads and deadlines.
I didn't seek help or support from HR or colleagues.
I eventually became burnt out and had to leave the job.
I learned the importance of setting boundaries and advocating for myself in the workplace.
- Q8. What would your suggestions be to the PM Narendra Modi on making the recently launched MadeInIndia Campaign successful
- Ans.
To make MadeInIndia campaign successful, PM Modi should focus on improving infrastructure, promoting innovation, and encouraging exports.
Invest in building world-class infrastructure to support manufacturing and exports
Promote innovation and R&D to improve product quality and competitiveness
Encourage exports by providing incentives and reducing trade barriers
Collaborate with industry leaders to identify and address cha...
- Q9. Guesstimate the no. of iPhone 6 that would be sold in India post the upcoming launch
- Ans.
Around 1 million iPhone 6 units may be sold in India post launch.
Sales will depend on pricing and marketing strategies
Apple has a loyal customer base in India
Competition from other smartphone brands may affect sales
Previous iPhone models have seen good sales in India
Demand may be higher in urban areas compared to rural areas
Interview Preparation Tips
Experience: 1) Suggested things around SEZs, substituting imports (focus on specific sectors), etc
2) Reached a very large no of 30MM over the quarter. Hence was not good overall.
Round: Case Study Interview
Experience: Very specific case, data specific. Recently executed by the partner. Discussed the current work schedule of the doctors and suggested ways around reducing waiting time: incentives for taking appointments, etc.
General Tips: 1) HR answers are important. Take time to prepare well.
2) Some interviewers tend to get very friendly, to make you comfortable and talk about things you shouldn’t, don’t lower your guard/ be too friendly.
Skills:
College Name: IIM Lucknow
I applied via Walk-in and was interviewed in Sep 2023. There were 4 interview rounds.
ATTENTION TO DETAILS NUMBER SERIES ETC.
(1 Question)
- Q1. DERRIVATIVES MUTUAL FUNDS
- Ans.
Derivatives mutual funds are investment funds that invest in a variety of derivative securities.
Derivatives mutual funds use derivatives such as options, futures, and swaps to achieve their investment objectives.
These funds can provide investors with exposure to a wide range of asset classes and strategies.
Investors should be aware of the risks associated with derivatives, including leverage and potential for loss.
Exam...
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- Q1. WHY DO YOU WANT TO JOIN BLACKROCK
Interview Preparation Tips
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