Decoding the Consulting 'Problem Solving Test' (PST): Your Key to Consulting Success

Are you aspiring to step into the world of consulting? If so, you might have heard about the infamous Consulting Problem Solving Test (PST). This assessment is a crucial step in the recruitment process for many prestigious consulting firms. While it may seem daunting at first, understanding its purpose, format, and how to prepare can significantly increase your chances of success.

What is the Problem Solving Test(PST)?

The Consulting Problem Solving Test is designed to evaluate your ability to tackle real-world business problems under pressure, a skill highly valued in the consulting industry. Typically, the test consists of a series of business cases derived from actual consulting engagements. These cases cover a wide range of industries and functional areas, including finance, marketing, operations, and strategy.

The Format:

The format of the PST can vary slightly among different consulting firms, but it usually follows a standardised structure. You are given a set amount of time, often around one hour, to solve several cases. Each case is presented in written format, accompanied by exhibits such as charts, graphs, and tables. Your task is to analyse the information provided, identify key issues, develop a structured approach to solving the problem, and present your recommendations concisely.

Key Skills Tested:

1. Analytical Thinking: The PST assesses your ability to break down complex problems into manageable components and analyse data effectively.
2. Quantitative Aptitude: You will need strong quantitative skills to interpret numerical data and perform calculations accurately.
3. Logical Reasoning: Logical reasoning is crucial for developing a coherent and structured approach to problem-solving.
4. Communication Skills: Clear and concise communication is essential for conveying your ideas and recommendations effectively.

Strategies for Success:

1. Practice, Practice, Practice: Familiarise yourself with the format and types of cases you might encounter by practicing with sample PSTs. Many consulting firms offer practice tests on their websites or through third-party resources.
2. Develop a Framework: Create a structured framework for approaching case problems. This could include steps such as problem identification, analysis, solution development, and implementation.
3. Time Management: Practice time management techniques to ensure you can complete each case within the allocated time. Remember, it's better to answer fewer questions thoroughly than to rush through and make careless mistakes.
4. Focus on Accuracy: While speed is important, accuracy should not be compromised. Take the time to double-check your calculations and ensure your recommendations are well-founded.
5. Stay Calm and Confident: The PST is designed to be challenging, but don't let it overwhelm you. Stay calm, trust in your abilities, and approach each case methodically.

Summing Up:

The Consulting Problem Solving Test can be a daunting hurdle on the path to a consulting career, but with the right preparation and mindset, it can also be a rewarding opportunity to showcase your problem-solving skills. By understanding the purpose of the test, familiarising yourself with its format, and employing effective strategies, you can position yourself for success and take the first step towards a fulfilling career in consulting. So, embrace the challenge, and let your problem-solving prowess shine!

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