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Deloitte Risk Management Analyst Interview Questions and Answers
Deloitte Risk Management Analyst Interview Experiences
1 interview found
Anonymous
I applied via Referral and was interviewed in Oct 2023. There was 1 interview round.
(3 Questions)
- Q1. Form a regression model, describe OLS,
- Ans.
OLS is a method used to estimate the relationship between one dependent variable and one or more independent variables.
OLS stands for Ordinary Least Squares.
It is a method used in regression analysis to estimate the unknown parameters in a linear regression model.
The goal of OLS is to minimize the sum of the squared differences between the observed values and the values predicted by the model.
The OLS method calculates ...
- Q2. What are type 1 and type 2 errors, what are independent and mutually exclusive events,
- Ans.
Type 1 and type 2 errors are related to statistical hypothesis testing, while independent and mutually exclusive events are concepts in probability theory.
Type 1 error occurs when a true null hypothesis is incorrectly rejected, while type 2 error occurs when a false null hypothesis is not rejected.
Independent events are events where the occurrence of one event does not affect the probability of the other event happenin...
- Q3. Guesstimate: number of smartphones sold in india
Interview Preparation Tips
- Econometrics
- Statistics
- Python
- Guesstimates
Interview questions from similar companies
Interview Questionnaire
6 Questions
- Q1. CASE 1: A boiler manufacturer wants to go global, how should he go about doing it?
- Ans.
A boiler manufacturer can expand globally by conducting market research, forming partnerships, and ensuring compliance with regulations.
Conduct thorough market research to identify potential countries for expansion, such as emerging markets in Asia or Europe.
Analyze local competitors and market demand to tailor products to specific regional needs, like energy efficiency in Europe.
Establish partnerships with local distr...
- Q2. Tell me about yourself
- Q3. Why consulting/business?
- Ans.
Consulting/business offers diverse challenges and opportunities to solve complex problems and drive impactful change.
Opportunity to work with a variety of clients and industries
Ability to solve complex problems and drive impactful change
Continuous learning and development
Exposure to different business models and strategies
Opportunity to work with talented and diverse teams
- Q4. Why don't you want to do research?
- Ans.
I never said I don't want to do research. In fact, research is an integral part of my job as a Business Analyst.
I never said I don't want to do research, I just want to clarify any misunderstandings.
Research is an essential part of my job as a Business Analyst.
I enjoy conducting research and analyzing data to provide valuable insights.
I believe that research is crucial in making informed decisions and driving business ...
- Q5. Don't you like aerospace?
- Ans.
Yes, I do like aerospace.
I find the advancements in aerospace technology fascinating.
I enjoy learning about the different types of aircraft and their capabilities.
I appreciate the importance of the aerospace industry in our economy and national security.
For example, I recently read about the successful test flight of SpaceX's Crew Dragon spacecraft and was impressed by the level of innovation and engineering involved.
- Q6. CASE 2: Some airline flies from Mango to NY. Should it shift to some other route?
- Ans.
It depends on various factors such as demand, competition, profitability, and operational feasibility.
Analyze the demand for the current route and potential demand for other routes
Evaluate the competition on the current route and other potential routes
Assess the profitability of the current route and potential routes
Consider the operational feasibility of shifting to another route
Examples of potential routes could be M...
Interview Preparation Tips
Experience: CASE 1:
I started by trying to get the prerequisites of going global demand, type and size of market, capital, project differentiation, management, logistics. My major mistake was delving too much into depth.
CASE 2:
He asked how you increased revenues?
I said....Everything depends on the elasticity of demand. You might want to increase sales or increase prices and reduce sales. Then he said, we increase prices or demand and assume the other to be constant.
How do you increase prices?
I said you just quote a higher price. Then he said that there are different seats in an airplane. That kind of tinkering you can always do even if you want to keep the revenues same
Tips: 1.In the about yourself questions you can either give an overview of your resume or tell them something more general.
2.You will be asked about your biggest academic achievment.
3.Don't be so cool to the extent of being casual.
4.Don't prepare answers.
General Tips: 1.Attend PPTs and listen very carefully.
2.Be sure to find out what you will be doing in the company.
3.Don't try and squeeze too much in your resume.
Skill Tips: 1. For case studies thereis a lot of stuff on the LAN and on the internet.
2. It's better to do these in groups.
College Name: IIT BOMBAY
Interview Questionnaire
5 Questions
- Q1. CASE 1: Estimate the consumption of vodka in bombay
- Ans.
Estimate vodka consumption in Bombay.
Gather data on population demographics, alcohol consumption patterns, and sales data.
Use statistical analysis to estimate consumption based on available data.
Consider factors such as income levels, cultural attitudes towards alcohol, and availability of vodka.
Compare estimates to similar cities or regions for context.
Adjust estimates based on any unique factors specific to Bombay.
Co...
- Q2. Q1: Why consultancy?
- Q3. Q2: What will you do if all consultants die one fine morning?
- Ans.
I would assess the impact on the project and identify alternative solutions.
Assess the impact of the loss of consultants on the project timeline and deliverables
Identify alternative solutions such as hiring new consultants, redistributing work among existing team members, or outsourcing work
Communicate with stakeholders and project sponsors to keep them informed of the situation and proposed solutions
- Q4. CASE 2: How to go about starting an airline
- Ans.
Starting an airline requires extensive planning, research, and investment.
Conduct market research to identify demand and competition
Develop a business plan including financial projections
Obtain necessary licenses and permits
Acquire or lease aircrafts and hire staff
Establish partnerships with suppliers and vendors
Implement marketing and advertising strategies
Ensure compliance with safety regulations and industry standar...
- Q5. Why not research?
- Ans.
Research is important, but I am more interested in analyzing and solving business problems.
I enjoy working with data and finding insights to improve business processes
I am skilled in identifying patterns and trends in data
I prefer to focus on practical solutions rather than theoretical research
I believe my strengths lie in problem-solving and decision-making
For example, in my previous role as a business analyst, I anal...
Interview Preparation Tips
Experience: CASE 1:
I took a long time to do this one. The interviewer was not helpful and that slowed down my response. I had only discussed the consumption of vodka by women when she asked me to stop.
CASE 2:
There was no real case here. The interviewer wanted me to discuss how to go about starting an airline.He asked me to estimate the no. of passengers.
Round: HR Interview
Experience: 1. Questions regarding my projects and internships were asked.
2. A large part of the interview was devoted to "McKinsey vs its competition.
Skill Tips: 1.Attend PPTs of all the companies that you are interested in.
2.Don't exaggerate in your resume.
3.Case studies is a must for consultancies.
College Name: IIT BOMBAY
Interview Preparation Tips
Experience: McKinsey looks for a spike in your resume, people who have commendable achievements is their field of choice, academics, extra curriculars or sports. So be sure to make your resume accordingly. McKinsey adds a lot of weight-age to formal awards, scholarships, achievements (like inter-IIT) etc. But if you don't have them (like me) you just have to make extra effort to show that you have equivalent achievements.
Round: Interview
Experience: First, I was asked about myself and mostly my connection to dance and the dance club. (Some interviewers do this to make you comfortable at the same time analyzing your personality). In the first interview I was given an estimation case about the dish TV industry. Here the interviewer was mostly interested in my approach to solving the problem and if applicable my numerical skills.
The second interview was a pure business case about the printing business. Here my creativity and business sense (read common sense as applicable to a business situation) was put to test.
Tips: McKinsey interviews are mostly case study based. So prepare accordingly. Once you get shortlisted they send you a ton of material, search for a “Vault” case book amongst this pile. Reading that should be enough ;). First read the basic material by you and once you are confident enough make a group of around 3 people and practice case studies.
I guess this job opportunity meant a lot to all of us and it did to me too. I became nervous and that severely affected my performance and moreover I looked under confident. Take on every interview as if that job doesn't mean anything to you.
General Tips: Internship: (attention third year people!)
When it comes to the placement interview, internships play pivotal role. There are rarely any interviews where the interviewee isn't drilled on their internships. So, please don‟t treat an internship as a paid vacation. Good work done during the internship gives one the confidence that can very well bowl the interviewer over (as it did in my case :D). Believe me confidence does much more than get you a job; it determines success and failure in most
undertakings. Internship gives you the first chance to build that up … use it!
Pre Placement Talks:
Please attend the ppts of at least those companies which fall into your sector of interest. At ppts you get to see a lot more things than the boring presentations and the pay package. Most companies bring along with them alumni who have spent a few years in the company. Observing or interacting with them will give you a good assessment of what you are going to be a few years from now if you join that company. For example I observed that alumni of XYZ Company were not as upbeat and confident as alumni of ABC Company (names have
been hidden on request ;) ) even if XYZ was paying plenty more than ABC. I knew then and there that I would want to join ABC and never applied to XYZ. Be sure to utilize them and be sure to clear all your doubts and conceptions. Once you start attending presentations you will observe junta asking questions just to score brownie points with the speaker. Believe me it won't help one bit in landing them a job!
Resumes:
Making an appealing resume is the single most important step in the placement process and IITK is notorious for its bad resumes, so attend workshops. Like most IITK junta I sucked at making a resume (and still do), but whatever little skill I have, I got through workshops. One workshop I would advise everyone to attend is the resume making workshop of McKinsey. Get your resumes checked and edited by those who have been through placement especially by those from other IITs (I know this will hurt a lot of egos, but IITB's resumes are some of the best. Those dudes have mastered the art of making an impact with whatever little they've got, while we excel at doing exactly the opposite :P). Prepare an impactful resume and don't submit the same resume to every company, make changes based on the profile.
College Name: IIT KANPUR
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Interview Preparation Tips
Experience: Since, first short listing was done on the basis of resumes, so again it’s very important to highlight some spike in your career in the best possible way.
Round: HR Interview
Experience: The interview had 2 rounds initially after which one shortlist was given. In the first one, after asking some questions from my resume, like why consulting, about internship,etc..I was asked a case to estimate the washing machine market of India..I was asked to think and come up with some answer and take as much time as I want. I just focused domestic market but was then asked to look for industries also L...I lost some track here and was not able to clearly see what is the market to washing machines as far as industries are concerned apart from textiles...then I was asked to list out the factors of buying a new washing machine, I said the obvious ones and then was asked to come up with a number depicting the number of machines which will be sold next year..I was not at my best but somehow got some answer which the interviewer said is ok and the interview ended up in 30 minutes.
Round: HR Interview
Experience: Later on, for the second interview, a partner called me in. He asked me about my pre IIT experiences and about my family background. Then he gave me simple case to calculate the number of cricket bats sold per year in India and then the market of this commodity. I did the case quickly and told him the steps and final answer which he said that that looked somewhat on the lower side and then asked me to leave. I asked me some questions and the interview was over in 15 minutes!!! L...shortlist came and I was not there.
College Name: IIT KANPUR
Interview Questionnaire
3 Questions
- Q1. “Estimate the consumption of vodka in Bombay”
- Q2. There was no real case here. The interviewer was a cheerful man who just wanted me to discuss how to go about starting an airline. He asked me to estimate no. of passengers.
- Ans.
Estimating number of passengers for starting an airline
Research the market demand and competition
Analyze the target audience and their travel patterns
Consider the route network and frequency of flights
Factor in the aircraft capacity and load factor
Forecast the seasonality and economic conditions
Collaborate with industry experts and stakeholders
Use data analytics and modeling tools for accurate estimation
- Q3. Why consultancy? What will you do if all consultants die one fine morning?
Interview Preparation Tips
Experience: Answer 1) I took a really long time to do this one, and I had only got as far as the consumption of vodka by women when the interviewer asked me to stop. She was not exactly encouraging/helpful and I guess that slowed down my responses. When I asked her if I could wrap up the guesstimate, she told me it would not be necessary
Answer 2) There was no real case here. The interviewer was a cheerful man who just wanted me to discuss how to go about starting an airline. He asked me to estimate no. of passengers. I divided the population into urbanrural, business travellers-tourists, etc (in steps of course, but nothing extraordinary). He seemed to be pretty impressed and was generally chatting with me for almost 15 mins about his experiences in McKinsey.
Round: Interview
Experience: I was asked to walk through my resume. Apart from the regular questions about my projects and internships, I was asked the one question which I was expecting since morning: “Why not research?” I was also asked about my Yantriki victory and my tenure as Speakers’ club convener. A large part of the interview was also devoted to “McKinsey vs. its competition”
General Tips: Sleep well, wear comfortable footwear (Girls, please stash away those high heels for post-job treats and NOT interviews, they almost killed me), don’t starve yourself. If you have back-to-back interviews, sit down for a minute between interviews and take deep breaths, it really helps. Now let’s cut the chase and get to preparation
PPT : Attend PPTs of all the companies that you are interested in. It will give you a good idea of the kind of people you’ll work with, apart from the work itself. Stick around after the PPT and talk to your seniors who are working with the company. Wait for the pizza, there’s always enough for everyone.
Resume : Don’t try and squeeze in too much into your resume. Going by the experiences of my batch, I think companies looked for well-rounded individuals and not necessarily DR1’s or managers and CGs. Needless to say, do not lie or exaggerate. It is disgusting, and in most cases, it will be obvious too.
Interviews: Please don’t prepare answers to the last word, but think about some common questions: strengths/weaknesses (a little introspection never does any harm) and of course, “Why consulting?” (or analytics, etc). Go through your resume and think about what you have learnt from each experience.
College Name: IIT BOMBAY
Deloitte HR Interview Questions
Interview Preparation Tips
Experience: McKinsey has an aptitude test, but the test results don't have a significant weight in final decision.
Resume shortlist for consulting companies is perhaps the most competitive among all firms and therefore,
in the interest of meaningful utilization of time, it's best to start case study preparation only after the shortlist is out. There's typically little more than a month between then and placement day, which is more than enough to prepare for any interview.
General Tips: Application process to all companies starts typically with a resume shortlist and therefore it is of utmost importance to write a good, impressive resume. A lot of people with great credentials fail to make this initial mark because their resume is poorly organized. It's good to have resume points, but it's equally important, if not more, to write them properly. Writing a perfect resume is an art that needs to be learnt
and God bless McKinsey for conducting an amazingly helpful workshop on resume writing.
It's a great idea to attend the workshop even if you are completely sure of never joining McKinsey.
Resume-writing is an iterative and time consuming process. So, best start a fortnight before deadline. Remember that it's a one-time effort. Once a good resume is ready, it can be used throughout the placement season with minor modifications. Do it once and do it correct. It took me about four or five iterations to end up with my final resume. It's a good idea to show the resume to lots of colleagues and seniors and challenge them to tear it down word-by-word.
College Name: IIT MADRAS
Interview Questionnaire
34 Questions
- Q1. Current demand for (artificial) knee implants in India
- Q2. Asked questions to see if age, economic status was an issue. Key issue : Person had to have knee problems (age based segmentation) and had to be able to afford a surgery (income based segmentation)
- Q3. Split by age : 0-15, 15-35, 35-60, 60+ : 30%,30%,30%,10%. Estimated % in each category with knee problems
- Q4. Split by economic status : Low, Low and Upper Middle and Upper Class : 30-40-20-10
- Ans.
The population is split into four economic classes: Low, Low and Upper Middle, and Upper Class.
30% of the population belongs to the Low economic class.
40% of the population belongs to the Low and Upper Middle economic class.
20% of the population belongs to the Upper Middle economic class.
10% of the population belongs to the Upper Class.
- Q5. Upper - almost certainly go for replacement - 90% of the 10%
- Q6. Upper middle - can afford it but significant cost so 50% of the 20%
- Ans.
The customer can afford 50% of the cost, which is significant for them.
The customer is in the upper middle class.
The cost is significant for them, so they can only afford 50% of it.
The remaining 50% may still be too expensive for them.
Consider offering financing options or alternative solutions.
Example: A family can afford to pay $5000 for a new car, which is only 50% of the total cost.
Example: A company can only affor...
- Q7. Ignore lower middle, lower
- Q8. Distribution of the 9 million people : Rural Urban I suggested 70-30, he said take 50-50, forgot why
- Q9. Asked what factors will determine acceptability of product?
- Q10. Gender : women tend to have arthritis more than men
- Q11. Asked me to give a recap of what I did in the case till then
- Q12. What questions do you have?
- Q13. About you. (interrupted me when I mentioned the ‘Best Senator Award’)
- Q14. About Students Senate
- Q15. Who decides the best senator award?
- Q16. Why do you think you got the award? (talked of an initiative)
- Q17. Situation where you led a group of students on an initiative or project? What did you learn? (talked about Placement Automation)
- Ans.
Led a group of students on a Placement Automation project
Organized weekly meetings to discuss progress and assign tasks
Delegated responsibilities based on each student's strengths and skills
Implemented a feedback system to address any issues and make improvements
Collaborated with the team to troubleshoot technical challenges
Presented the final project to stakeholders and received positive feedback
- Q18. What would the Automation Coordinators would say about me?
- Ans.
Automation Coordinators would describe me as detail-oriented, collaborative, and proactive in driving process improvements.
I consistently communicate effectively with Automation Coordinators, ensuring alignment on project goals.
I proactively identify areas for automation, leading to a 20% increase in efficiency in past projects.
I am open to feedback and adapt quickly, which fosters a positive working relationship with ...
- Q19. What are your career plans? What if not McKinsey?
- Q20. Opinion/view on the nuclear deal that is in the papers?
- Ans.
As a business analyst, I do not have a direct opinion on the nuclear deal, but I can analyze its potential impact on the market.
The nuclear deal may affect the prices of oil and gas, which can impact various industries.
It may also lead to changes in international trade and political relationships.
As a business analyst, it is important to stay updated on such developments and analyze their potential impact on the market...
- Q21. Growth of cars vs growth of motorbikes - which would grow faster in % terms? A: Economic factor the main reason to go for bikes. Shift from lower middle to upper middle, increasing growth rate for cars mo...
- Q22. Questions you have?
- Q23. Asked about background (schooling)
- Q24. After JEE, why IITK?
- Q25. Are you applying (I said that I’d given GRE, indicated that whether or not I would app would depend on how my McK interview went. Just for the record I eventually applied only to MIT and Stanford)?
- Q26. Asked about cases in previous rounds
- Q27. Estimate the number of people who watched the India-Australia 20-20 semifinal in South Africa (on TV/stadium)
- Ans.
Estimating viewership for the India-Australia T20 semifinal in South Africa involves demographics, TV ratings, and stadium capacity.
Consider South Africa's population: approximately 60 million.
Estimate cricket's popularity: cricket is a major sport in South Africa, likely attracting millions.
Stadium capacity: if the match was held in a major stadium, it could hold 30,000-50,000 spectators.
TV viewership: major events ca...
- Q28. Divided into Indians, Australians, Rest of theWorld. Divided rest of the world into cricketing and non cricketing nations. Divided cricketing nations into the nations whose teams were there in the other s...
- Q29. Ended up focusing on Residential Indians - rural vs urban. Assume DD is broadcasting
- Q30. Two drivers : have access to a TV showing the match and also have free time
- Q31. Urban : people wouldn’t watch if they aren’t free
- Q32. Rural : people wouldn’t watch if there was no electricity. Assume 50% electrification
- Q33. Age factor : Very old and very young (< 5) wouldn’t watch
- Q34. Women wouldn’t be as enthusiastic. 90% men and 50% women
Interview Preparation Tips
Experience: Was asked to stop, look back and formalize everything done and summarize what was done. I related TV advertising rates to a online revenue for ads model I developed in my internship on which a worldwide patent was filed. Any questions? Asked about how an EM chooses whether to become a partner vs becoming a CEO/senior manager at a corporation. Asked if McKinsey had a standard way of solving business problems in engagements and if so how one retained one’s creativity
College Name: IIT KANPUR
Interview Preparation Tips
Experience: Build the best resume, for getting shortlisted.
Tips: Your resume is the first impression you make for yourself on the company or the interviewing panel. Most companies have a resume shortlist for their interviews where they reduce the field from roughly 600 applicants to 20-30. So, your resume is of utmost importance.
Different companies look for different things in the resumes of their applicants.
For example, the consulting firms look for people who are all-rounders and have spikes or achievements across the board. Other firms like people who are strong in the Positions of Responsibility department specially.
Round: Case Study Interview
Experience: Mckinsey & Company had 3 rounds of interviews in total.
Each interview consisted of a small case followed by a personal interview section.
The cases that were asked were across the board.
They varied from pricing new products to helping automobile companies improve their bottom line.
Round: HR Interview
Experience: The personal interview section in Mckinsey I felt was quite important.
They really wanted to know what my long term and short term plans in life were and how Mckinsey figured in them.
College Name: IIT MADRAS
Interview Questionnaire
5 Questions
- Q1. Help a Vancouver based company's innovotion cell to enter India's rural market
- Ans.
To enter India's rural market, the Vancouver based company's innovation cell needs to focus on understanding the local culture, building relationships with local stakeholders, and creating affordable and accessible products.
Conduct market research to understand the needs and preferences of the rural population
Build relationships with local stakeholders such as government officials, NGOs, and community leaders
Create aff...
- Q2. Decide whether a copper processing unit should be near the mine or market
- Q3. Whether banks should roll out ATM's or outsource them
- Ans.
Banks should roll out ATM's instead of outsourcing them.
Rolling out ATM's gives banks more control over the technology and security.
Outsourcing can lead to higher costs and potential security risks.
Rolling out ATM's can also improve customer experience and convenience.
Examples of successful bank-owned ATM networks include Chase and Bank of America.
- Q4. How to invest Rs.500 crore in the power sector
- Ans.
Investing Rs.500 crore in power sector
Conduct a feasibility study to identify potential areas for investment
Determine the type of power generation to invest in (renewable or non-renewable)
Consider the regulatory environment and government policies
Assess the financial viability of the investment
Develop a comprehensive business plan
Collaborate with industry experts and stakeholders
Allocate funds strategically to maximize...
- Q5. Why do you think you fit into the scheme of things?
- Ans.
I have the necessary skills, experience and mindset to contribute effectively to the organization's goals.
I have a strong background in data analysis and problem-solving
I have experience working with cross-functional teams and stakeholders
I am adaptable and able to work in fast-paced environments
I have a passion for continuous learning and improvement
I am committed to delivering high-quality work that meets business ob...
Interview Preparation Tips
Experience: The process was mainly a selection process.
Round: HR Interview
Experience: The personal interviews mainly consisted of HR questions.
Skill Tips: ""
College Name: IIT Madras
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