How to Apply

Over 800 students apply to IBC every year. Only 1 in 5 applicants passes the rigorous screening process and is selected for the program. We accept applications throughout the year but conduct interviews only at the beginning of the Fall and Spring semesters.

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Preparing for your Interview

In order to be accepted into IBC, you must pass a resume screen and be invited to an initial behavioral interview. If you pass this interview, you will be invited to a case interview. Here are some guidelines to help you prepare.


Behavioral Interview:

The purpose of the behavioral interview is to determine your ability to communicate professionally, your cultural fit with IBC and the level of your own self-awareness relating to your strengths, weaknesses and tendencies. The following are examples of behavioral questions:

  • Tell me about how you work under pressure and give an example
  • Have you ever made a mistake? How did you handle it?
  • Give an example of how you work on a team?
  • What do you do if you disagree with someone at work?
  • What is your personal learning style?

Case Interview:

The purpose of the case interview is to assess your ability to think in a logical manner and process information. Case interview questions do not always have one right answer. More important than the answer is the logic you followed to determine the answer. Sample questions include:

Profit Improvement

  • What should Company A consider to improve revenue?
  • What should Company B consider to control costs (fixed costs and variable costs)?
  • Overall, what should Company C do about profits (profit equation)?

Industry Analysis

  • Pharmaceutical A is choosing to invest in preventative Drug 1 or treatment Drug 2. What are the potential markets and criteria the company should address?
  • Assist Industrial Supply Company B evaluate the growth of fire safety equipment. How would you approach the problem? What would you recommend for the client to improve growth?

Market Entry

  • After given information about a company‚Äôs interest in launching a new product, answer the question: should the company launch this product?

Investment

  • Advise the client: A US specialty electronics producer is considering to acquire a regional electronics producer in Korea. What factors should the company consider?
  • Advise the client: A foreign retailer is considering acquiring a US retail chain. What factors should the foreign company consider?
  • Market Sizing

    • How many windshield wipers are there in Chicago?
    • How many people ride the subway (metro) in New York on a weekday?
    • How many square feet of pizza are consumed in Champaign each year?

    IBC Case Club Framework

    Listen and Understand

    • List the facts
    • Weed out irrelevant information
    • Paraphrase the question

    Clarify

    • Summarize the question and reiterate key points
    • Verify the objective of the case
    • Ask if there are any other objectives to the case

    Structure

    • Ask the interviewer for a moment (60-90 seconds)
    • Use framework to guide you (decision tree)
    • Be creative and brainstorm

    Analyze

    • Guide the interviewer through thought process
    • Investigate risks and rewards of each option
    • Manage your time and follow interviewer hints

    Conclude

    • Summarize your findings (30 seconds)
    • Hit the key points of your solution
    • Be decisive and make a confident decision (sell it)

    The following links provide resources to prepare for a case interview:


Dates and Deadlines

General application acceptance deadline 1/13/17
First round interviews 1/17/17
Second round interviews 1/23/17
Application Opens 11/14/16

 

 For more information, contact the IBC team at (217) 244-1286 or ibcsot@gmail.com 

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