10 Deloitte Interview Questions and Answers | Deloitte Analyst | Deloitte Interview

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24 Feb 202207:58

Summary

TLDRThis video script is a preparation guide for an interview at Deloitte, a global consulting and financial advisory firm. It covers a range of potential interview questions, including problem-solving scenarios, such as calculating time in a day and identifying common issues analysts face. The script emphasizes the importance of showcasing leadership, organizational, and motivational skills. It also touches on personal experiences, like traveling to Jaipur and the probability of rain, and discusses work environment preferences. The guide concludes with advice on how to stand out in an interview and a call to action to enroll in a detailed course on Deloitte Analyst positions.

Takeaways

😀 The video is aimed at preparing individuals for interviews, specifically for the role of an analyst at Deloitte.
🕒 The first question in the interview might be about time management, asking how one would manage 22 tasks in a day, given there are only 12 hours available.
🔢 A mathematical puzzle is presented: If you multiply the first 100 whole numbers, how many times does the digit '1' appear?
💼 The video emphasizes the importance of showcasing commitment and the ability to apply skills professionally and personally when joining a company like Deloitte.
🗣️ The candidate is advised to highlight their leadership and organizational skills, and the desire to reduce and manage their skills while contributing to the company's team.
🤔 The video discusses common problems an analyst might encounter, such as handling duplicates and data mining, and how to address them efficiently.
🌧️ A probability question is asked about the chances of rain in Jaipur, and the candidate is expected to convert the odds into percentages.
🏢 The candidate is asked to describe their preferred work environment, with a preference for a highly collaborative and energetic atmosphere.
📈 The video touches on the importance of goodwill as an intangible asset associated with a company's reputation and customer trust.
💼 The last question discusses the difference between profit and loss treatment and balance sheet, highlighting the significance of a company's financial health and equity.

Q & A

What is the significance of the number 22 in the context of the video?
-In the video, the number 22 is used to illustrate a mathematical problem where 11 plus 11 equals 22, highlighting the importance of basic arithmetic skills for an analyst position.
How does the speaker explain the concept of 'digital appears' in the first 100 whole numbers?
-The speaker explains that between 1 and 10, there is one digital appear (1), and between 10 and 100, there are two digital appears (11 and 21), and so on, up to 91, which is the last digital appear before 100.
What does the speaker suggest is the best approach to handling common problems encountered during analysis?
-The speaker suggests handling common problems such as folding and duplicates by focusing on the 20% of problems that cause 80% of the issues, which is a reference to the Pareto Principle.
What does the speaker emphasize about their commitment to the position at Bellow Commit?
-The speaker emphasizes their commitment to the position by expressing a desire to apply their skills professionally and personally, and to uplift their skills by joining the company.
What leadership and organizational skills does the speaker claim to possess?
-The speaker claims to have strong leadership and organizational skills, and they want to reduce their skills by working with the company's team and contributing to the community.
How does the speaker describe their work environment preference?
-The speaker prefers a highly collaborative and energetic work environment with good competition and support from peers, which they find enhances their work quality and efficiency.
What does the speaker say about their ability to manage studies and work simultaneously?
-The speaker mentions that they were not able to manage their studies and work at the same time, but they were able to control themselves and stay motivated, achieving their goals within the given time period.
What is the speaker's view on the importance of goodwill for a company like Apple?
-The speaker views goodwill as an intangible asset associated with a company's reputation and customer trust, which is valuable for a company like Apple that has earned a lot over the years in the market.
How does the speaker differentiate between profit and loss treatment on a balance sheet?
-The speaker differentiates between profit and loss treatment by explaining that a balance sheet shows a company's assets, liabilities, and equity, which reflects its financial stability and the value held by its shareholders.
What is the purpose of the special high-level detail course mentioned in the video?
-The purpose of the special high-level detail course is to provide detailed information and learning about the interview process, the analyst position, and the Deloitte company, helping viewers understand and prepare for a role as an analyst.
What action does the speaker encourage viewers to take after watching the video?
-The speaker encourages viewers to apply for the analyst position at Deloitte and download the application, suggesting that it will lead to significant change and improvement in their career.

Outlines

00:00

😀 Interview Preparation for Analyst Position

This paragraph focuses on preparing for an interview for the position of an analyst at a renowned company. It emphasizes the importance of being able to answer common interview questions effectively. The speaker introduces a series of questions that are frequently asked during interviews, such as explaining the significance of the number 22 in a day (referring to the 24-hour format), and the mathematical concept of 'times two' to demonstrate basic arithmetic skills. The paragraph also touches on the importance of showcasing one's commitment to the role, both professionally and personally, and the desire to enhance skills by joining the company. It suggests that demonstrating leadership and organizational skills can be beneficial. The speaker also encourages viewers to watch the video until the end for a comprehensive understanding of how to tackle interview questions and to crack the interview process with ease.

05:03

😀 Overcoming Challenges and Time Management

The second paragraph delves into the speaker's personal experience of managing a pension without being overwhelmed and maintaining self-motivation. It discusses the importance of time management and staying organized, especially when preparing for exams. The speaker shares a personal anecdote about how they were able to give exams on a single day, showcasing their organizational skills. The paragraph also addresses the question of what constitutes 'goodwill' in a company, using Apple as an example to explain how a company's reputation and customer trust can be seen as intangible assets. The discussion concludes with a question about the difference between profit and loss treatment and balance sheets, emphasizing the significance of understanding a company's financial health and the equity of its shareholders. The speaker invites viewers to enroll in a detailed course on interview preparation and to download an application for further guidance, promising significant improvements in their interview skills.

Mindmap

Keywords

💡Deloitte

Deloitte is a global provider of consulting and financial advisory services. In the video, it is mentioned as the company for which the interview is being prepared. The company's prominence in the field of consulting is emphasized, making it a key target for those applying for analyst positions.

💡Interview Preparation

The video focuses on preparing candidates for an interview, particularly for the role of an analyst at Deloitte. It provides a set of common questions that might be asked, along with suggested answers. This theme underscores the importance of being well-prepared for such high-stakes interviews.

💡Analyst

An analyst is the role for which candidates are preparing in the video. Analysts are responsible for collecting, analyzing, and interpreting data to help organizations make informed decisions. The video discusses the skills and questions relevant to this role, making it a central focus of the content.

💡Common Problems

The video mentions common problems that analysts may encounter during their work, such as handling duplicate data and collecting meaningful insights. These issues are important as they highlight the challenges in data analysis and how overcoming them can lead to more efficient work.

💡Probability

Probability is discussed in the context of a question about the likelihood of rain. The example involves calculating the chances of rain based on information from multiple friends. This concept is relevant to the analytical mindset required for the role, where candidates need to deal with uncertainties and make data-driven decisions.

💡Work Environment

The video discusses the importance of a positive work environment, particularly one that is collaborative and energetic. Candidates are encouraged to express their preference for such environments, emphasizing teamwork, competition, and support within the team, which are important for job satisfaction and productivity.

💡Goodwill

Goodwill is defined as an intangible asset associated with a company’s reputation. In the video, Apple is used as an example of a company with strong goodwill, showing how consumer trust in its products contributes to the company's success. This concept is important for understanding business valuation.

💡Balance Sheet

A balance sheet is a financial statement that outlines a company’s assets, liabilities, and equity. In the video, it is mentioned in the context of understanding the difference between profit and loss treatments. The balance sheet is crucial for analysts, as it helps assess the financial health of a company.

💡Leadership Skills

Leadership skills are highlighted as an area the candidate wishes to improve upon by joining Deloitte. This aligns with the broader theme of personal and professional development, which is essential for advancing in the role of an analyst.

💡Time Management

Time management is mentioned in the context of handling exams and work under pressure. The candidate shares an example of taking multiple exams in a day, illustrating their ability to organize and prioritize tasks, which is a key skill for any analyst handling tight deadlines.

Highlights

Deloiite is a global provider for consulting and financial advisory services.

The session aims to prepare for interviews by discussing 10 important questions that could be asked in an interview for the position of Analyst at Deloitte.

The first question is about how to calculate 22 times if you only talk about 12 hours in a day, emphasizing the importance of time management.

The answer to the question about 22 times involves understanding the concept of 24-hour days and the mathematical operation of addition.

The discussion about digital appearances in the first 100 whole numbers explains the concept of counting from 1 to 10 and the occurrence of the digit 1.

The importance of being committed to the best possible candidate for the position is highlighted, emphasizing professional and personal growth.

The candidate expresses a desire to apply and improve their skills by joining the company and contributing to the team.

The interviewee talks about handling common problems encountered during analysis, such as data duplication and the 80/20 rule.

The discussion about traveling to Jaipur and the probability of rain is used as an example to demonstrate problem-solving skills.

The interviewee is asked about their preferred work environment, highlighting the importance of collaboration, energy, and support.

The candidate shares their experience of managing studies and work, emphasizing time management and self-motivation.

The discussion about goodwill as an intangible asset and its association with a company's brand value and market presence is explored.

The last question asks for a difference between profit and loss treatment and balance sheet, explaining the financial health and shareholder equity of a company.

The session concludes with an invitation to enroll in a detailed course about the interview process, the Analyst position, and Deloitte as a company.

The importance of applying for the Analyst position at Deloitte and downloading the application is emphasized for significant career advancement.