How To Solve Guesstimates | Consulting Interview Preparation | Guesstimate Questions | Insider Gyaan

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In this video - How To Solve Guesstimates | Consulting Interview Preparation | Guesstimate Questions | Insider Gyaan - we are going to solve a real guesstimate question that I was asked in one of my Interviews. I am also going to give you some tips on how you can approach guesstimate questions in consulting interviews
Insider Gyaan was started by IIT, IIM, ISB alums, having worked in management consulting, investment banking and other corporate fields, to share their career experiences, journeys, mistakes, provide guidance on MBA preparation, job interview preparation, case frameworks, working in startups, basic work skills in corporates, such as excel, powerpoint, day in a life, etc. All of this with the hope that current students and young professionals make their career choices from a place of awareness.
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Video Title - How To Solve Guesstimates | Consulting Interview Preparation | Guesstimate Questions | Insider Gyaan
Tags: guesstimate questions, guesstimate questions for consulting interviews, guesstimate interview questions, how to solve guesstimate questions, guesstimate questions aditya agarwal, guesstimates, guesstimate, consulting interview, interview questions and answers, management consulting, insider gyaan, guesstimate questions zs associates, zs associates, guesstimate tutorial, guesstimate case interview, guesstimate interview, guesstimate chhavi gupta, guesstimate questions bain

Пікірлер: 85

  • @eshaanarora8365
    @eshaanarora8365 Жыл бұрын

    Loved the approach towards solution. Personally, I feel that since a kite is not an expensive item, income levels of households would not impact the number of kites per household. Found the age approach more appropriate. Thank you for the video!

  • @prathamsharma4416

    @prathamsharma4416

    14 күн бұрын

    exactly

  • @bubblegum9826
    @bubblegum9826 Жыл бұрын

    Hello! I am applying to a supply chain consulting firm and was freaking out a bit about the interview! Thank you for this video! You've explained it in a simple and wonderful manner! This also makes me realise that with just a little bit of practice, i too would easily be able to answer such questions! TYSM~

  • @ritikagupta3607
    @ritikagupta360710 ай бұрын

    Mam, never ever stop this series. Outstanding

  • @shivarajhalageri2513
    @shivarajhalageri25132 жыл бұрын

    Great content ma'am please do continue putting out such videos they will help a lot of people aspiring to be placed during college placement season.

  • @souhityasamanta1227
    @souhityasamanta12272 жыл бұрын

    Yes we want such guesstimates more.

  • @amritakumar89
    @amritakumar893 ай бұрын

    Best series ever, thank you so much !!

  • @arpitraj5366
    @arpitraj5366 Жыл бұрын

    What a helpful video. Brilliant approach and concepts cleared very well. Thank you for the video!

  • @hemantamahunta3713
    @hemantamahunta3713 Жыл бұрын

    Very useful ma'am.. Plz make such videos.. Nd thank you so much for sharing ur knowledge..❤️

  • @shubhamchauhan9756
    @shubhamchauhan97562 жыл бұрын

    this is fun and useful. please make a few more case videos on different topics e.g. supply chain, ops, product.

  • @kashishchauhan5641
    @kashishchauhan564110 ай бұрын

    Definitely need more such videos.

  • @soumyamukhopadhyay113
    @soumyamukhopadhyay113 Жыл бұрын

    thank you ma'am it really help in market research interview.

  • @aasthavishwakarma6800
    @aasthavishwakarma68004 ай бұрын

    Ma'am that was really well explained, need more videos of such kind!

  • @sakshamgupta951
    @sakshamgupta9512 жыл бұрын

    Really interesting, please upload more of such guestimate videos.

  • @sathviknk3188
    @sathviknk3188 Жыл бұрын

    Would be great if u can pin the calculation screen while giving the explanation makes it more inclusive rather than the camera facing you.

  • @100Shazi
    @100Shazi Жыл бұрын

    Hey! Pls continue this series of videos for Guesstimates as it's really helpful for prep

  • @rushabhjha3000
    @rushabhjha30002 жыл бұрын

    Gold content.

  • @varshavshenoy1363
    @varshavshenoy1363 Жыл бұрын

    Too good ma'am. Plz upload more guesstimates.

  • @anshitseth586
    @anshitseth586 Жыл бұрын

    Great ma’am

  • @productivityaccount8274
    @productivityaccount82742 ай бұрын

    Thanks, really got to learn about estimating numbers throught structured approach

  • @sayantanidas1206
    @sayantanidas12062 жыл бұрын

    It was explained in such a systematic manner which was immensely helpful. Thank you. Please continue posting such great videos.

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Absolutely! Thank you :)

  • @iansaviodsouza6092
    @iansaviodsouza6092Ай бұрын

    Very useful strategy ... tnx

  • @deepakramalingam4760
    @deepakramalingam476010 ай бұрын

    Great Video please do more videos like this!

  • @prakharsinha5397
    @prakharsinha53974 күн бұрын

    Thank you for this video, this was a very good one explaining the approach.

  • @Umjetnost_dusk
    @Umjetnost_dusk Жыл бұрын

    This video is really helpful, please make more such videos

  • @piyushraj7487
    @piyushraj74872 жыл бұрын

    Beautifully explained and got to learn new thing "guesstimate"👍

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Thats awesome :)

  • @anuradhagupta6658
    @anuradhagupta665821 күн бұрын

    Hare Krishna didi❤ Thank you so much 😊

  • @himanshuchaukade463
    @himanshuchaukade463 Жыл бұрын

    Much helpful.

  • @rampalgrihdhwajsingh7235
    @rampalgrihdhwajsingh7235 Жыл бұрын

    well explained

  • @rupamrajak3910
    @rupamrajak39102 жыл бұрын

    Ma'am You explain so well .. I am currently pursuing MBA and in my 2nd year ... and follow you every videos and advice like a mantra ...please continue with this series of solving quesstimate with different kind of problem it will be of great help for students like us as placement season is knocking the door. And I will suggest if in the end of your video you give 1 or two question guestimates which will be topic of your nxt video so that we can solve during the period and then match with your one and we get a rough idea of our way of solving Thanks you ❤️

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Good idea, next time i do one of these videos, i will give a set of questions :)

  • @rupamrajak3910

    @rupamrajak3910

    2 жыл бұрын

    @@InsiderGyaan yess ma'am... Thank you for considering 😍

  • @shreeniketfatangare668
    @shreeniketfatangare6682 жыл бұрын

    I did the household thing by dividing households on basis of religion. Non Hindu household percentage buying kites, I assumed will be less. And estimated accordingly.....

  • @shreeniketfatangare668

    @shreeniketfatangare668

    2 жыл бұрын

    How will the interviewer perceive this approach?

  • @salonigupta8252

    @salonigupta8252

    Жыл бұрын

    even i think thats a better approach than income

  • @incrediblemotivation2644

    @incrediblemotivation2644

    9 ай бұрын

    ​😂🎉😂😂😂😂😂😢😢😢🎉😢😢😢😂🎉😂🎉😢🎉🎉😂🎉😂🎉😢😂

  • @incrediblemotivation2644

    @incrediblemotivation2644

    9 ай бұрын

    ​😂😂😢😢🎉

  • @incrediblemotivation2644

    @incrediblemotivation2644

    9 ай бұрын

  • @mohitsabat2423
    @mohitsabat24232 жыл бұрын

    I have done it (solved) effortlessly Ma'am I am too much grateful to you Keep giving us more questions to solve it will help me a lot Thanks 🙌🤞

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    That’s awesome!! Will keep doing :))

  • @mohitsabat2423

    @mohitsabat2423

    2 жыл бұрын

    @@InsiderGyaan mam pls mam video on BAF Undergrad who can go for consulting what skillset's do they need and also make one more video on How to get Internship in Consulting firms and how to apply their. thanks

  • @shikshasingh8746
    @shikshasingh8746 Жыл бұрын

    please make more on gussitimates

  • @puneetgupta6856
    @puneetgupta6856 Жыл бұрын

    Hey someone can please explain to me what was the need of First part of the solution because we assumed 2,4 and 8 kites in the second part and there was no use of the first part

  • @vedantkasat5790
    @vedantkasat57902 жыл бұрын

    Are there some more videos on guesstimate?

  • @gudipatiraghavendra7424
    @gudipatiraghavendra7424 Жыл бұрын

    The 1st Approach was great, but I felt that you should have excluded the female population from all age groups or included a minimal percentage of the female audience as it makes a massive difference in the overall results.

  • @shyamlalpapadwala8024
    @shyamlalpapadwala80249 ай бұрын

    How do we solve this - Estimate the total number of employees working in your previous organization?

  • @user-xr9ik4nj6r
    @user-xr9ik4nj6r10 ай бұрын

    How can we guesstimate this using supply side approach?

  • @bhavyasharma3351
    @bhavyasharma33516 ай бұрын

    Can't we do by this approach? Like dividing 8 Million by 3? For 3 equal groups? And then will do the rest of the process same?

  • @Officialyasirbadawi
    @Officialyasirbadawi5 ай бұрын

    You def do make me want to learn Hindi 😂 thanks for the vid ❤

  • @salonigupta8252
    @salonigupta8252 Жыл бұрын

    Hi! for the household approach, how about dividing the chunks into ethnic groups and non ethnic groups? income seems a little redundant factor cause kites are mostly 2 3 rs. worth and in realty, its usually the mid and low income segments enjoying such fervors with more enthusiasm. any input would be appreciated on this.

  • @InsiderGyaan

    @InsiderGyaan

    Жыл бұрын

    yes totally doable, as long as you have some nos. handy for those. It is ok to follow any logical approach - and good to highlight your reasoning, like kites are cheap so income might not matter much

  • @SS5Suny
    @SS5Suny8 ай бұрын

    Basically she use the tree structure or decision tree approach!

  • @user-ie9ws6cu5i
    @user-ie9ws6cu5i10 ай бұрын

    What are your thoughts on taking households and breaking them as per religion?

  • @ankitasingla1123
    @ankitasingla1123 Жыл бұрын

    how to remember all the figures will they give pen or paper to solve the problem

  • @AkshaySowdari
    @AkshaySowdari9 ай бұрын

    Can I ask for a rough paper while solving, is it appropriate or fault, could someone please respond I've interview in few days!!!!!!

  • @challengex8401
    @challengex84016 ай бұрын

    Sonu was here.

  • @meltedice-cream6499
    @meltedice-cream649910 ай бұрын

    cant we just say id rather use backward linkages

  • @badrinathillur6037
    @badrinathillur6037 Жыл бұрын

    how can income matter for 20 rs kite? little low on logic

  • @ajent7
    @ajent711 ай бұрын

    how about we consider the fact tht rich people wont fly kited , and low income people will be more interested in fflying kites and it is not that costly

  • @dinuthomas277
    @dinuthomas2772 жыл бұрын

    How to get job in banking abroad with an MBA degree and 7years of experience

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    By applying / netwokring on linkedin

  • @sankuM
    @sankuM2 жыл бұрын

    Well, we didn't consider people who use 'rods' or 'roads' to get kites and then fly...!! 🤪🤣 (those are dangerous btw!) BUT, really informative and got good idea ki how to approach such questions..! thanks!😁 @Insider Gyaan

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Lol they do that!?

  • @sankuM

    @sankuM

    2 жыл бұрын

    @@InsiderGyaan yepp.... please visit Ahmedabad around 14/15th Jan sometimes!! You'll witness everything people do! 😅😅

  • @RohitPatel-kp2ut
    @RohitPatel-kp2ut2 жыл бұрын

    Hello mam, I am senior Auditor in up goverment,that is govermet job.I want to settled in uk or canada .Is my job helpful to get job in those countries. Saath me mai Gmat ka exam ke bhi preparation kar rha hu .Gmat ke through Mba karne ke baad kya mai wha job mujhe mil jayegi.My age is now 30. Pls give me sum suggestions.

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Yes MBA Bahar se karo to mil jayegi job waha

  • @RohitPatel-kp2ut

    @RohitPatel-kp2ut

    2 жыл бұрын

    @@InsiderGyaan thanku mam

  • @Panditponga53
    @Panditponga532 жыл бұрын

    Respected Mam I am in class 12 currently from commerce background i like to solve case studiess progblems.. And I successful able to solve this guesstimate ... ! I also want to be a successful management consultant..!

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    Great. You can start applying after ur college :)

  • @vinayakrokade9237
    @vinayakrokade92372 жыл бұрын

    How much time is given by interviewer to solve this guestimate ?

  • @InsiderGyaan

    @InsiderGyaan

    2 жыл бұрын

    About 20 -25 I would say

  • @gadgetsfever4901
    @gadgetsfever4901Ай бұрын

    Don't speak in Hindi

  • @siddharth132456
    @siddharth132456 Жыл бұрын

    You forgot to differentiate with gender 95% males only flies the kites. You need to get a % of males in ahmedabad then it must be a good estimate

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