After you submit your application online for the IESE MBA and if you are shortlisted, the next steps involve an Assessment Day and a 1-hour interview. In this write-up, we will cover the formats and some key tips on how you can best prepare for the Assessment Day and interview.
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hereIESE MBA Assessment Day: Format & Duration If you are located near an IESE campus, you may be invited to attend the Assessment Day in-person, otherwise it will be held online. The Assessment Day lasts for 2.5 – 3 hours, while the in-person event may be scheduled for longer.
There are two formats which are typically followed for the Assessment Day.
First, there’s the case method. Here, it is all about teamwork and lively discussions. You will be given a case to study in advance (usually a week before), and you should really dig into it, thinking of yourself as the central character in the story.
The event begins with an introductory discussion facilitated by an IESE Admissions Committee member or alumni. Applicants are then sent to smaller groups (of 5-6 members each) to discuss the case and make a decision as a team. Following this, applicants return to the bigger group for the final case discussion and to present their recommendations.
The second format skips the case study altogether. Here, you don’t need to do any prep work beforehand. Just show up on time, and you’ll be given all the instructions you need right there. It should still involve teamwork, but IESE likes to keep things fresh and innovative, so this part can be a bit less predictable and more spontaneous.
It’s important to note that not all applicants will be invited to the Assessment Day. However, this invitation (or lack thereof) is not a judgment of your overall suitability. It simply means the Admissions Committee wants to learn more about certain candidates.
Tips for IESE MBA Assessment Day1. Analyze the case inside outThe case study typically consists of a 12-15 page document with details about a company, the market they operate in, the challenge(s) they are facing and a bunch of supporting data e.g. charts, graphs, tables, survey results etc.
Firstly, understand who the key stakeholders and decision-maker(s) are, their challenges, and key questions to consider. When analyzing data, following a hypothesis-based approach can help. For example, if your hypothesis is “Company X’s profits are low because their marketing costs are high”, look for supporting data to ascertain (or dispute) this hypothesis. And balance both quantitative and qualitative data.
Remember to make notes of your key insights, and the rationale behind them.
2. Structure, structure, structure!Case studies are all about structure. Condensing large information into a digestible format, while filtering unnecessary noise, is critical to ensure that your analysis is efficient. Remember the Pareto Principle (“80% of outcomes result from 20% of causes”) i.e. prioritize the most impactful areas.
Familiarize yourself with commonly used business frameworks e.g. Porter’s 5 forces, BCG matrix, 4Ps of marketing, Value Chain Analysis, SWOT, etc. Make sure to combine and adapt these to your case.
3. Link back to “So-What”The “So-What” is key to crafting actionable recommendations e.g. for a profitability case, what are the actionable steps to increase revenue and/ or reduce costs.
Prioritizing the most critical steps, and highlighting the benefits/ risks of each can help present a balanced perspective that’s beyond the numbers.
4. Speak less, say moreWhen discussing your insights in your group or presenting your recommendations, aim to strike a balance between being a good speaker and a great listener. While some candidates mistakenly think speaking more indicates you know more, that’s rarely true.
Building up on points from other participants is great. Similarly, if someone in your group isn’t speaking up, encourage them to share their views – this is another great way to demonstrate your empathy and collaborative skills.
5. Be prepared for curveballsYou could be asked to share something unique about yourself in the introductory discussion. Or asked to justify your case study recommendations. Or? Ofcourse, there’s no way to predict a curveball, but there are ways to prepare. Firstly, be calm. Ask for a moment if needed. Then structure your thoughts as best as you can.
Know that the evaluator isn’t expecting a masterpiece within a minute. It’s more about your resilience and how you didn’t mess it up.
IESE MBA Interview: Format & DurationFollowing the Assessment Day, the one-hour 1:1 interview is typically conducted by an IESE MBA alumni, covering an in-depth discussion of your application. Alumni are mapped based on factors such as your location, career path and availability. The interview is typically held online.
The key factors that IESE looks for in interviews are:
- Authenticity
- Personal drive
- Communication skills
- Confidence
- Team player mentality
- Leadership potential
- International outlook
- Career goals
- Values
- Knowledge of IESE and their offerings
Tips for IESE MBA Interview1. Have your Narrative IntactYour story is your anchor. Be prepared to talk about your career, what led you to pursue an MBA and what your short-term and long-term career goals are.
Highlight the turning points, challenges you’ve overcome, and skills you’ve developed. The more authentically and confidently you shape your narrative, the more memorable you’ll be.
2. Research the School ThoroughlyFamiliarize yourself with the IESE MBA curriculum, professors, treks, unique opportunities, and even the school’s culture. Align your goals with what IESE offers, and weave these connections organically into your answers.
Diving deep into the specifics of the IESE MBA shows genuine interest, and this is a great way to stand out.
3. Be Ready for Behavioral QuestionsExpect questions that assess your skills, leadership, teamwork, and adaptability.
Use the STAR method (Situation, Task, Action, Result) to structure your responses. Provide specific examples from your experiences to illustrate your abilities, and try to align them to the key factors IESE looks for (listed above). Having a repository of anecdotes helps, so you can tailor your responses.
4. Practice, but not too muchThe more you practice interviewing, either by yourself or with a seasoned mentor/ coach, the better you’ll be able to rectify your mistakes, and fine-tune your content and delivery. Practice will also help you feel more confident to face questions, including those curveballs.
Don’t over-practice either, to the extent that you sound overly scripted and robotic.
5. Engage in a Two-Way ConversationRemember, your interviewer (Alumni) has been in your shoes and is happy to share their insights. Prepare questions for the interviewer that go beyond basic information found on the school’s website.
Ask about opportunities, experiences, or aspects of the program that genuinely interest you. This demonstrates your curiosity and engagement. A clearly bad answer to “Do you have any questions for me?” is “No”.
Final ThoughtsHope this article provides you with some insights on the IESE MBA Assessment Day and Interview.
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Regards,
Arvind
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