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Ernst & Young Functional Consultant Interview Questions and Answers

Updated 5 Jul 2024

Ernst & Young Functional Consultant Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. MSCRM Dynamics Case Configuration

Functional Consultant Jobs at Ernst & Young

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Interview Questionnaire 

4 Questions

  • Q1. Case: Our client is a leading cement manufacturing firm in India looking to enter the international markets. How will you formulate a plan of action to prioritize which geography should they enter?
  • Ans. 

    To prioritize international markets for a leading cement manufacturing firm in India, a plan of action can be formulated based on market research and analysis.

    • Conduct market research to identify potential markets based on factors such as demand, competition, and regulatory environment

    • Analyze the economic and political stability of each potential market

    • Consider the logistics and transportation costs of exporting cement ...

  • Answered by AI
  • Q2. My driver has been given an offer by Meru cabs to become a driver for them. What suggestion should I give him?
  • Q3. Your client is Tata Sons and their hierarchy is such that all their other businesses are present below the CEO. In 2012, Mistry was appointed as the chairman of Tata Sons. In addition, he is also chairman ...
  • Ans. 

    To manage Tata's businesses, Mistry should conduct a thorough analysis of each business unit's performance and potential, identify areas for improvement, and develop a strategic plan.

    • Conduct a SWOT analysis of each business unit

    • Identify areas for improvement and develop a strategic plan

    • Consider market trends and competition

    • Evaluate the financial performance of each business unit

    • Assess the potential for growth and expan...

  • Answered by AI
  • Q4. Our client is a gear manufacturer who has expanded his father’s business from 1000 cr to 4000 cr however his profitability has dropped from 10% to 5%. Probe why has this happened?
  • Ans. 

    The client's gear manufacturing business has expanded from 1000 cr to 4000 cr, but profitability has dropped from 10% to 5%. Find out why.

    • Possible increase in production costs

    • Increased competition leading to lower prices

    • Investment in new technology or equipment

    • Changes in market demand or consumer preferences

    • Inefficient management or operations

    • Economic factors such as inflation or recession

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: This part is frustrating; especially while getting reviews after you've made a draft. However, after heavy editing based on advice from seniors, it gave me a good head-start and confidence to move on to future preparation towards placements.
Tips: Management consulting shortlist is very strongly resume based. Hence the resume is the most crucial asset for getting a shortlist in the first place. When you know the success rate for getting shortlisted is less than 10%, you better make sure your resume makes the cut.

Detailed instructions and tips on how to make a good consulting resume can be found in many books(I referred to 'Killer Consulting Resumes' by Wetfeet which is good to get your basics); It is too extensive for me to elaborate here hence I will avoid the commonly available knowledge about peaks, focus, etc. 

Summarizing the most important aspect which according to me is - Make sure every bullet-ed point has three things - 'WHAT you did, WHY/HOW you did, and the RESULTS'. All 3 should be included in one single line of text in the most robust use of words making sure you convey these. Another extremely important step in making a resume is getting reviews from seniors and alumni in firms where you are applying. This part is irritating and frustrating at times because you will need multiple iterations till the resume is refined. The key is not to get affected while getting reviews from different people and stay as objective as possible - trust me, this is not that easy as it sounds, it gets demotivating when people are critiquing on what you did in your life and how should it be portrayed on paper. This process of getting comments will never stop even after multiple iterations because of difference in opinions among the reviewers; you need to stop when you have knowingly turned down several comments keeping your own perspective in mind till you are content with your resume.

Finally make sure you complete your resume well before deadlines to avoid blunders and dissatisfaction and make sure a printed copy looks aesthetically appealing.

Round: Case Study Interview
Experience: General format for all the case study rounds was: (1) Tell me about yourself : I had prepared a list of what I wanted to speak about and memorized the key points to present a 2 minute monologue. However, I very keenly made sure to strike a conversation on any part where the interviewer interrupted me out of interest to ensure it sounded more like a conversation between two colleagues rather than a speech by a candidate to an interviewer. (2) Case: Coming back to the case mentioned in the question above:I considered 3 factors:(1) Market size for each geography and their growth rates(2) Market capture from competition(3) Profit per unitInterviewer: Using 1 graph each and nothing else, represent all of the 3 factors mentionedI drew the 3 most relevant graphs that came to my mind for each of the 3 factors mentioned. (3) Questions for the interviewer: I used to generally ask the guys outside the interview room to give me a brief introduction of the interviewer before the interview started. I used to use that information to ask a question to the interviewer in this part of the interview hoping to strike a chord with him before leaving.

Round: Case Study Interview
Experience: Ask objective of driver? – Higher returns

·        
Calc returns (profits) for each case as your driver and as a Meru cabs driverSalary 15000 per month + bonus of 1 month salary annually.

·        
Meru cabs: Aggregator (no cabs of their own)
Driver need to get his own car and register on Meru cabs.

·        
Cost on EMI: new car – 30000 p.m. Old car –
15000 p.m.

·        
Cost of maintainence of old car: Rs 1.5/km

·        
Meru promises 15 pickups of 20 km each day at Rs
30/km. There is an additional 50% driving distance which is not paid by client

·        
Cost of fuel = Rs 72/L. Mileage 12 kmpl

Round: Case Study Interview
Experience: I typically had never expected a case of this sort as it was too broad and undefined to give in an interview. However, it clearly looked like a case of organisational reconstruction and portfolio management. In the little time I had, I decided to give an idea of how I would proceed to solve such a case rather than really solve the case by using the BCG matrix. I clearly explained the matrix making sure I had conveyed that I knew what is actually was rather than just throwing jargon around.

I don't really know how the interviewer took my approach(as it was too text-bookish);he could neither object since it was an established case solving technique nor appreciate it as there was nothing creative in it.

Round: Case Study Interview
Experience: Use costs and discuss – final problem was increased R&D costs for customization of various gears while adding new clients

Skills: Problem Solving, Pressure Handling, Communication , Logical Thinking, Hardwork, Presentation skills
College Name: IIT BOMBAY

Interview Preparation Tips

Round: Case Study Interview
Experience: Interview 1: This was a good case study and it did take me some time and help to get to the answer. The client was in the air conditioning business. It was barely break even while the competitors were making profits. Why and what could be done about the situation? Initial discussions revealed that the client had 2 products ; room air conditioners & central air conditioning systems. The central air conditioning systems were profitable but the room air conditioners were making losses. We went into a lot of details but whatever cost cutting we did, could also be achieved by the competitors in course of time. So there was no core differentiation that would give our client the edge. The competitors were multinationals like LG, Samsung etc. but the reason they were making profits were not because of economies of scale but because these companies have much lower marketing costs as they normally market a brand (eg LG) and not a product alone. This edge could never be achieved by our client as he was only in the air conditioning business. So it was a good idea to exit the room air conditioning market and focus on our strength in the central air conditioning market. Interview 2: The second interview had a case on valves. But we never got to the end because of shortage of time. Interview 3: This was a very interesting case study. The client is a cement manufacturing company which has to choose the best sales person of the year. There were four candidates A, B, C & D. Now what criteria should we use to choose the best sales person? The interviewer explained me how the sales business works in the cement industry. You have dealers who do the selling. The sales people negotiate deals with the dealers who have a commission on every sale. This gave us multiple criteria for judging a sales person ; total sales, best deals, maximum % of sales in the city, incremental sales since last year, presence at best dealers, good margins etc. The interviewer made sure that every criterion gave a different answer. So in the end there was no clear answer to the question. So we decided it would be a better idea to state the criterion in the beginning of the year and choose the best sales person accordingly.

College Name: IIT BOMBAY

Interview Questionnaire 

2 Questions

  • Q1. CASE: Making recomendations to a telecommunication firm based on the efficiency of it's distribution network
  • Ans. 

    Recommendations for improving distribution network efficiency of a telecommunication firm

    • Analyze current distribution network and identify inefficiencies

    • Consider alternative distribution models such as direct-to-consumer or third-party logistics

    • Implement technology solutions such as route optimization software or real-time tracking

    • Evaluate cost-benefit of proposed changes and prioritize implementation

    • Continuously monit...

  • Answered by AI
  • Q2. CASE: The case was about a cement company setting off to buy another firm

Interview Preparation Tips

Round: Case Study Interview
Experience: The trick here was to recognize that even though the firm had several hundred clients in each city, it was a few big clients that contributed to most of it's revenue and a distribution network targeting these few clients was the expected recommendation.
Some standard HR questions were asked, about what I would consider my most significant achievement, why consultancy etc.

Round: Case Study Interview
Experience: The task was to explore possibility of synergy in this acquisition. The case was based entirely on common sense and elementary mathematics. The interviewer wanted me to write an equation showing how costs would reduce if two companies merge.
HR questions were about my strengths, weaknesses etc.

General Tips: 1.Work on your communication skills.
2.Consultancies look for "spikes" in your career. spikes are the areas in your resume where you have shown outstanding performance.
3.Practice the case studies in groups. Avoid technical jargon and frameworks.
College Name: IIT BOMBAY

Interview Preparation Tips

Round: Resume Shortlist
Experience: My resume was shortlisted only twice but thankfully that was all I needed. First for Deutsche Bank (Corporate Finance summer internship, August 2013) and second for Boston Consulting Group (October 2014). I was confident about my academic interns, projects and position of responsibility. However, I was little bit unsure about my CPI which doesn't stand well among my peers. Overall, my experience for resume shortlisting has been plain and uneventful.
Tips: In order to overcome this section, one can find the following advice useful:Your resume should convey a story about you. At least, you should be able to narrate a story about yourself during HR interviews. When I say 'story', it means that your resume points shouldn't contradict each other. For example, if you are/(show in your CV) a research oriented student, then every POR you took should be justified and shouldn't reflect that you were simultaneously interested in pursuing corporate career. There should be at least one pillar in the resume which can catch the interest of the interviewer (obviously during the short listing because I believe resume isn't of much use during the personal interview).Stringent Editing ( CV 101) - Minimize the blank spaces and resume should look ordered; Things important to you (Foreign internship/positions of responsibility/summer internship/publications) should be mentioned in the 1st half of the page. You can change the order of the heading (Scholastic Achievements/Position of responsibility/Summer Internships/Publications).If you have more than 2 points under a sections then it's better to use tabular presentation format i.e. use tables Usually, I have noticed in many shortlisted CVs that it would be beneficial to show your interest in particular subject either via 'Courses undertaken/Area of interest/Academic projects'.
Get your resume reviewed by at least 3-5 distinguished seniors excluding Placement cell guides etc. It is of utmost importance.

Skill Tips: Case in point is best for Case study. Guesstimate problems can be easily found on internet. However, I learnt guesstimates from my wing mates and it was the shortest way to gain the knowledge
Skills: Case study Solving, Leadership, HR skills, Finance Current affairs, Guesstimation, Macroeconomics
College Name: IIT KANPUR

I applied via Approached by Company and was interviewed in Jan 2018. There were 5 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Tell me about your work profile. How does a payment infrastructure works ? Why you want to join Consulting.
  • Ans. 

    I have experience in designing and implementing payment infrastructures, and I am interested in joining Consulting to leverage my skills in helping clients optimize their operations.

    • Designed and implemented payment infrastructures for various clients

    • Understand the flow of transactions from initiation to settlement

    • Knowledge of different payment methods and technologies

    • Experience in ensuring security and compliance in pa...

  • Answered by AI
  • Q2. Run through your profile.
  • Ans. 

    Experienced Senior Consultant with a background in project management, strategic planning, and client relations.

    • Over 8 years of experience in consulting roles

    • Strong track record of successfully leading projects from inception to completion

    • Skilled in developing and implementing strategic plans to drive business growth

    • Excellent communication and relationship-building skills

    • Proficient in data analysis and problem-solving

  • Answered by AI

Interview Preparation Tips

General Tips: Just be yourself. They mostly see in a candidate behavioural instincts required for consulting. How much pressure and travel you can do ?
Skills: Communication, Body Language, Problem Solving, Leadership, Decision Making Skills
Duration: >3 Months

I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. What are your domain skillsets and how did you apply technical expertise on them?
  • Ans. 

    I have domain skillsets in project management, data analysis, and software development. I have applied technical expertise in these areas to deliver successful projects.

    • Proficient in project management methodologies such as Agile and Waterfall

    • Skilled in data analysis tools such as Excel, SQL, and Tableau

    • Experienced in software development languages such as Java and Python

    • Applied technical expertise to successfully deli...

  • Answered by AI
  • Q2. What are some of the challenging situations handled at work?
  • Q3. Which technology are you strong in and how do you adapt for a switch in technologies between careers
  • Ans. 

    I am strong in multiple technologies and adapt quickly to new ones.

    • I have experience in various technologies such as Java, Python, and SQL.

    • I stay up to date with the latest trends and advancements in technology.

    • I am a quick learner and can adapt to new technologies easily.

    • I have successfully switched between technologies in my previous careers, such as moving from Java development to data analysis using Python.

    • I am ope...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Deloitte expects candidates to be more professional and have a solid vocabulary to ensure we present our brand to clients.
Also the candidate should be strong in techno-functional skills

I applied via Recruitment Consultant and was interviewed before Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Tests your Tech skills and People Management

Interview Preparation Tips

Interview preparation tips for other job seekers - Beprepared, Be Yourself.

I applied via Campus Placement and was interviewed before Apr 2021. There were 3 interview rounds.

Round 1 - Aptitude Test 
Round 2 - Case Study 
Round 3 - One-on-one 

(1 Question)

  • Q1. Was asked to explain about myself

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare on business case studies

Interview Preparation Tips

Round: HR Interview
Experience: The first interviewer asked me some standard stuff about Mood Indigo and my internship at ITC. He also later asked me about a course project I had mentioned in my resume and what impact it had. The case he asked me was one where there were different markets for a certain product, each with its own prices and size. I was asked to explain which market should the firm invest in and why. The second interviewer had a case about a tractor company in Maharashtra whose profitability was going down. He gave some data as I asked and one had to work his way to the fact that of lately the tractors being produced were not up to the mark. He had modified the case data differently for different candidates, so for someone else the case involved figuring out that the soil in Maharashtra was of a certain kind where a better tractor was required which a competitor was able to launch, etc.
Tips: I think at times I wasn't being myself, I normally solve cases aggressively and quickly come to a certain conclusion. But I was trying to be over careful and hesitating to state the obvious without thrashing out the case in full detail. I felt maybe the interviewer would have preferred me to stick to the former method. However, in the other company I felt exactly the opposite. Hence I think it really depends on the interviewer and the case in consideration, but my advice would be to try and be more & yourself than adopt some method suggested by seniors which you are not really comfortable with

College Name: IIT BOMBAY

Ernst & Young Interview FAQs

How many rounds are there in Ernst & Young Functional Consultant interview?
Ernst & Young interview process usually has 1 rounds. The most common rounds in the Ernst & Young interview process are One-on-one Round.
How to prepare for Ernst & Young Functional Consultant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Ernst & Young. The most common topics and skills that interviewers at Ernst & Young expect are Consulting, Analytical Chemistry, Troubleshooting, Functional Consultancy and Risk Management.

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