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Bain & Company Summer Intern Interview Questions and Answers for Freshers
Bain & Company Summer Intern Interview Experiences for Freshers
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Anonymous
I applied via Company Website and was interviewed in Sep 2023. There were 3 interview rounds.
One is about the profit improvement and the other one is about market entry
(2 Questions)
- Q1. Behavior and case
- Q2. Working experience
Be thorough
(2 Questions)
- Q1. Why bain and not any other consulting?
- Q2. Why consulting career?
Interview Preparation Tips
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I applied via Walk-in
Interview Preparation Tips
Experience: Case analysis:
This was a very complex case with multiple problems and solutions with each having a different set of pros and cons. He wanted me to see the case from a simple demand and supply point of view.
Structure:
The supply was overshooting demand in the market as a result of the actions of competitors. So the issue was also to do with the distributors in the middle and how brand consciousness would come into the scene. The structure could be simplified to a 2*2 matrix with price elasticity of demand and brand consciousness on the axes. The issue could be then simplified on the basis of the quadrant in focus.
Summary:
Overall, the issue was embedded in being able to use game theory with the distributor and play prices up and down at regular intervals. Another strategy was to enter into forward contracts.
Round: Case Study Interview
Experience: The case was a test of structure to see if you could create one with all the levers enlisted.
Structure:
The market share could be seen as a function of number of policies sold and the revenue per policy. The discussion would then carry on the aspect of number of policies. The number of policies itself would be a function of a number of factors, out of which one of them was creating an issue.
Summary:
The toxic area was something to do with the insurance policy salesman and the entire structure had to be panned out so as to get to that
Tips: Be calm, logical and energetic. That is all you need to impress the interviewer.
Round: Case Study Interview
Experience: Case analysis:
This was a case that really tested your ability to think far and wide because the math was simple but the underlying logic could have been missed very easily.
Structure:
Used a simple revenue-cost structure for the pre and post radio taxi phase. Then tried to see if any of the key variables could be modified to come up with a different result.
Summary:
The case had two parts-one was the initial decision and the decision after changing a key variable.
Skills:
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
3 Questions
- Q1. Tell me something about yourself?
- Ans.
I am a hardworking and enthusiastic individual with a passion for learning and growth.
I have completed various internships in the past, including one at XYZ company where I gained experience in project management.
I am currently pursuing a degree in Computer Science and have a strong interest in software development.
In my free time, I enjoy playing sports and volunteering at local non-profit organizations.
I am a quick l...
- Q2. Why consulting
- Ans.
Consulting offers a dynamic and challenging work environment that allows me to apply my analytical and problem-solving skills to help clients achieve their goals.
I enjoy working with clients to identify their needs and develop solutions
Consulting provides exposure to a variety of industries and business challenges
I am excited about the opportunity to work with a team of talented professionals
Consulting offers a fast-pa...
- Q3. About a project on wireless communications
Interview Preparation Tips
Experience: Nokia is currently the leader in the market for mobile phones in India. Motorola is far behind it and wants to increase its market share by around 10%. Give three suggestions for doing the same.
I started off by asking about the price segments in which the mobile phones are sold. These were sold in all categories from low price to the very expensive ones. Then I inquired if the features available in similarly priced models of other cos differed but the answer was no.
So basically price was not the issue.
Then i inquired if the expenditure on advertising was comparable to the other cos to which the answer was yes..
I suggested that probably the people were skeptical about certain features of the mobile sets, like their durability wtc. upon which the company never focused in advertisements. So probably a survey could be conducted to find if there is anything particular that the people are skeptical about.
Also the company could have a tie-up with CDMA vendors like reliance or TATA Indicom, where the mobile sets are provided along with the connection.
Tips: You should be thorough with your resume and study the sectors related to your past projects pretty well.
Skills:
Duration: 2
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
2 Questions
- Q1. How is life at IIM ?
- Q2. About job profile and work experience
Interview Preparation Tips
Experience: Sabre has to invest in a logistics company in India. Tell the approach which it would take before making the decision whether to invest in it or not, from a PE perspective.
Tips: Change your perspective according to the purpose for which the analysis is to be carried out. For example: PE firm looks at growth potential with long term perspective. Communicate to them that you have understood this, and then proceed further.
Skills:
Duration: 3
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
5 Questions
- Q1. Tell me something about yourself
- Ans.
I am a motivated and enthusiastic individual with a strong passion for learning and gaining practical experience.
I am currently pursuing a degree in Computer Science at XYZ University.
I have completed several programming projects, including a web application for a local business.
I am proficient in programming languages such as Java, Python, and JavaScript.
I have excellent problem-solving and analytical skills.
I am a qu...
- Q2. Which city do you belong to?
- Ans.
I belong to the city of New York, known for its vibrant culture, iconic landmarks, and diverse population.
New York City is home to famous landmarks such as the Statue of Liberty, Times Square, and Central Park.
The city is known for its thriving arts and entertainment scene, with Broadway theaters and world-class museums.
New York City is a melting pot of cultures, with residents from all over the world, resulting in a r
- Q3. Is it the first time I am staying away from home?
- Q4. Interests?
- Q5. Explain in brief about your job profile
- Ans.
As a summer intern, my job profile involves assisting the team in various tasks and projects, learning new skills, and gaining practical experience.
Assisting the team in day-to-day tasks
Working on assigned projects and delivering them within the given deadline
Learning new skills and technologies related to the field
Participating in team meetings and brainstorming sessions
Gaining practical experience by working on real-...
Interview Preparation Tips
Experience: There is a shoemaking company in France. Involved in making casual shoes and safety shoes for industries. It wants to expand its market in terms of geography. The durability, costs, profits, demand of both the product segments is different. Estimate the market demand for its products in the new geography and avise in which segment it should enter.
Tips: Seek as much clarifications during the initial phase of the interview. Keep a time check.
Round: Case Study Interview
Experience: Case1: A manufacturing co. produces 3 products: A, B and C. Cost of production of each is Rs.20. The SP of A-Rs60 B=Rs80 and C- Rs 100. The company produces same amount of all the three products. In order to earn more profits, the CEO of the company feels that the company should concentrate on producing c while CA says that they should go for A. Can you help the CEO?
Tips: Write whatever data is given properly and examine whether it is required for the case or not.
Round: Case Study Interview
Experience: A car service company is planning to open a huge service station which will service cars from all the brands?
Discuss the aspects that he should consider before opening such a station.
I explored all issues like classification of cars into sedan, hatchback and heavy vehicles. Considered aspects of frequency of servicing based on usage, service requirement, maintenance, price per serving, location etc.
Skills:
Duration: 3
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
2 Questions
- Q1. Why consultant?
- Q2. Why MBA?
Interview Preparation Tips
Experience: The case was about declining profitability of an Italian restaurant in New Delhi. Looked like a plain vanilla profitability case to me. I did the clarification part and gave him the standard cost vs revenue profit model as my structure. He said the structure was ok and asked me to continue, I launched into the analysis only to be stumped just 2 minutes later.
The restaurant was not losing revenue and costs were the same. I asked him three times to confirm this. I took time out and decided this structure would get me nowhere. Flipped a page and started on 4Ps ... Product being first. Asked him about the items sold and then the price of these items. He went one step ahead and gave me profitability figures. Apparently alcohol had more profitability than pasta and meats.
I asked if the product mix had changed over the last 2 years when profits had declined. The look on his face told me the case was over. However, he followed it up with an interesting question about why this may have happened/ I gave him two good reasons that were to do with outside environment, regulation of alcohol and some such thing.
He asked me to take some time to think that the owner of the restaurant may have done which made this happen. I took the customary one-minute and came up with the idea that probably the owner had tried to increase turnover, By improving service time and that the consumers all consumed alcohol while they waited for the main course.
Tips: practise hard. Also make sure you are thinking about the case in the interview and are not thinking about how the interview is proceeding.
Round: Case Study Interview
Experience: Investment decision with limited budget about the creche business in chennai. Guesstimate about numbers of creches that can be opened in Chennai.
Tips: When faced with friendly interviewer you can afford to relax a bit but do not let your guard down quickly.
Round: Case Study Interview
Experience: Case was about a bank.. big bank in India. Wanted to tap rural market. After initial clarification and structure building I identified correctly the areas where the bankk had to apply effort to gain market share. Was stopped before getting in depth.
General Tips: Structure your cases properly.
Skills:
Duration: 3
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
4 Questions
- Q1. How are finding college after 4 years of job?
- Ans.
College feels different after 4 years of job, but I'm excited to be back!
I have gained practical experience that I can apply to my studies
I have a clearer idea of what I want to achieve from my education
I have to balance work and school, which can be challenging
I'm excited to be back in a learning environment and expand my knowledge
- Q2. Are you satisfied with your decision of joining IIML?
- Ans.
Yes, I am extremely satisfied with my decision of joining IIML.
IIML has provided me with excellent opportunities to learn and grow.
The faculty is highly experienced and knowledgeable.
The campus is well-equipped with modern facilities.
I have had the chance to interact with some of the brightest minds in the country.
The placement opportunities are also top-notch.
Overall, I feel that joining IIML was one of the best decis
- Q3. What makes you to shift from Ashok Leyland to infosys and then coming back to college in a span of just 4 years?
- Ans.
I wanted to explore different career paths and gain diverse experiences before deciding on my long-term goals.
I joined Ashok Leyland as a mechanical engineer to gain industry experience.
I then decided to explore the IT industry and joined Infosys as a software developer.
After gaining experience in both industries, I realized my passion for mechanical engineering and decided to pursue higher education.
Returning to colle...
- Q4. Tell me something about your role in Infosys at client location?
Interview Preparation Tips
Experience: There is a tractor manufacturer. He is leader in market share across the country but in one state he is not able to capture the market? He is finding it difficult to even find good dealers for selling his tractors. What seems to be the problem?
The approach which i took was revenue and profit margin. But forgot to consider the volume part in revenue and that was where I got stuck. The problem was related to the volume not getting generated in the state because of the requirement of high power tractors which the company was not capable of producing.
Tips: Cases are normally simple and based on common sense only. I tried to make it a big thing during my first case and messed up in the beginning itself. Try to be cool-headed and think logically and structurally. Start from the very basics if yo can.
Skills:
Duration: 3
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Questionnaire
4 Questions
- Q1. Most significant acheivement in life
- Q2. Why consulting?
- Q3. One point that I would want to point out as my biggest highlight from my CV
- Q4. Couple of other CV related questions
Interview Preparation Tips
Experience: A successful man wants to open a restaurant in a downtown of a metro. What should be his strategy and how should he estimate his resources?
I started by clarifying the successful part and what does the interviewer mean by resources, I was told that the successful part was to block my analysis along cost part and the resources was limited to number of chairs and tables. After I told about how he might choose the demographics of the downtown area and how he should choose the type of restaurant, the interviewer said to take the restaurant to cater lunch to office goers and is of Italian type.
My numeric analyses started with a clarified assumption that Italian restaurants are expensive and are visited by rich executives on an occasional lunch basis. Then came the assumption to numbers and division to to age group., income group, gender etc and arrived at a decent number which was ok to the interviewer.
Tips: The interviewer wants to look at how we were choosing each step. So think aloud and take it slow because they never urge you to take it fast and you don't have to either.
Round: Case Study Interview
Experience: Estimate the number of treadmills in Delhi.
I started along the traditional path of diving the population into families and families into rich and poor. And then rich families with health conscious people.
2nd part was about number of gyms and other health centres where treadmill might be there. Here the analysis was in terms of number of gyms and avg number of treadmills in each gym.
An analytical question: A person loses his purse with 1000 bucks in it and there is a second person who also loses his purse with unknown amount in it. A third person finds the purses and asks both of them to bid alternately and whoever bids the highest wins both the purses. If you are that first person who lost purse with 1000 bucks in it, how much would be your highest bid?
I was confused with the question because I thought it was a onetime bid and told him that we cannot find the answer. He found out why I was saying that and told that the bid continues till one of them stops. From here on I took some time to arrive at the solution but it needed decent bit of help. The answer is 2000 because that will take the first person to at least the same state as he was without his pursei.e 1000
Tips: There is nothing wrong in asking for help and in fact it is very well appreciated in most of the cases. But avoid overdoing it.
Skills:
Duration: 3
College Name: IIM Lucknow
I applied via campus placement at Indian Institute of Management (IIM), Lucknow
Interview Preparation Tips
Experience: Estimate the sales of old television sets after 5 years. Nothing else was given. However relevant data was being provided when I asked for it.
A company wants to enter into the business of buying and selling old cars. Estimate the market potential in terms of the total sales of old cars in India.
A company produces 3 products. The cost and the profits per unit were given for individual products. The accountant offers a proposal to produce only the product that gives the highest profile per unit. Evaluate the proposal.
Skills:
Duration: 3
College Name: IIM Lucknow
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