With ISB interview calls rolling out already, it's time to get started with your prep - given that ISB gives you a notice of about 5-7 days for your interview. Here is the interview experience of one of our candidates from last year:
Qn1: Why MBA and why consulting?
A: Explained about my technical background and analytical skills and why I like solving client specific real world business problems. Also explained how I would get an understanding of different industries and markets through peers in an MBA class. Explained how ELP and case studies would give me hands on experience
Qn2: What was your role in the fast food store you ran?
A: Talked about managing finances, managing inventory, CRM, taking care of employees, interacting with franchisee officials and so on.
Qn3: Provide a competitive analysis for the fast-food store you ran?
A: Listed out some competitors. We analysed the revenue model of each franchisee based store. Also I did a detailed analysis of the revenue model of the store I ran. We discussed details regarding fixed cost and operating costs of the store.
Followup Qn: What are 3 learnings that you could provide a person starting a similar store?
A: Listed out a) Importance of location b) Importance of process c) Importance of customer engagement
Followup Qn: If you were to change the location of your store, how would the revenue of your store change?
A: Analyzed the various components of variable cost that would change on change of location such as electricity cost, gas cost, and salaries of employees and so on.
Followup Qn: How important is ‘point of sales’ machine in your operations?
A: Explained how “POS” helped in operations. I also explained the different reports it would generate and how they helped.
Qn4: We have a team of 5 working on setting up a fast-food store. We have 2 engineers, a CA, a soldier and fashion designer. If you were to lead this team, what role would you give each of them?
A: The roles would be allotted according to their strengths. CA - find the tax structure; Engineers - Market Analysis; Fashion designer - Design interiors; Soldier - Setting up of the store. I also explained my choices.
Qn 5: What are your hobbies?A: Answered
Qn 6: Tell us about your familyA: Answered
Qn 7: If not ISB this year. What would you do?
A: I talked about a certification related to Supply chain management and also told that I would try to do freelance consulting.
All the Best!