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When I do market sizing, I sometimes spend a long time listing every assumption before calculating anything. Other people seem to introduce assumptions step by step. Which approach is clearer in an interview?
Sometimes a market sizing case asks me to estimate something like population or household size, but I actually know the real number. Should I use it, or is the interviewer expecting me to make an assumption and show the logic?
Mayank G.CoachIf you genuinely know a reasonable real-world number, you can use it. The goal is not to pretend you know less than you do.
In a market-sizing case, the interviewer gave me a population figure that did not match what I thought was correct. I froze because I did not know whether it was a test or just a simplified assumption. Should you challenge a number the interviewer gives you if you think it is wrong?
Mayank G.CoachUse the number provided for the case unless there is a clear reason to clarify what it represents.
I sometimes get stuck at the first step because I cannot tell whether to size from total population, households, or some other unit. Is there a general rule for choosing the base, or does it depend entirely on what is being bought?
Mayank G.CoachUse the unit that best matches how the product is purchased or consumed.