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Problem solving, gave a problem to solve in code of your choice
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There is a hardware company who is facing the issue of declining profits in the past 3 years. My role was to identify the problem and come up with the solutions.
(25 minutes)
I started by asking questions about the company, where is it based, how is the market in that geography doing, who are the competitors and how are they faring. Then I asked whether it is an industry wide problem or company specific problem. Then I reiterated the problem and asked if there is anything more expected out of me apart from finding the solution. (This is a good step. Initially, confirm all the external factors and reiterate the problem and the solution asked)- On this, I was told that it is an MNC company, headquartered out of Asia and the problem is primarily existing in the Asia region. Also, it is not an industry specific problem, on they are facing this issue.
I noted the points and started analyzing the problem from the cost and from the revenue point of view (This is the standard approach for a profit-loss case).
Then I was told that the approach is really good, and I should move forward with analyzing the problem from cost side. (They were highly impressed with my approach). Then I listed the factors like fixed cost issues, variable cost issues, misc. cost etc. And asked questions for each factor, that are they responsible for the increase in cost and in turn reduction of profit?
They told that I am moving in the right direction and gave me a sheet where there were complex calculations involved regarding the cost incurred by managers, consultants and labor to the company (They were testing my quantitative skills here). After I completed the complex calculations, they told me it is correct, and there is one major reason for the cost increase that I have already mentioned, and they want me to deep dive into it. I immediately jumped to misc. cost as I knew that’s my answer, that during servicing stint, managers and consultants might be spending more money on external factors like, travel, stay, food, etc. which is actually not required and can be avoided.
My round ended there as my solution was bang on. They told me that they are highly impressed by both my rounds in their entire interviewing history, I was the quickest to solve the problem. In the interview itself, they told me that they are going to select me, and hence last 10 minutes was just a light discussion among ourselves.
The duration of Deloitte Consultant interview process can vary, but typically it takes about less than 2 weeks to complete.
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