How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.
What would you do if you won the lottery?
Hello!
On top of the insights already shared in the post, the "Integrated FIT guide for MBB" has been recently published in PrepLounge´s shop (https://www.preplounge.com/en/shop/tests-2/integrated-fit-guide-for-mbb-34), adressing topics precisely as your question.
It provides an end-to-end preparation for all three MBB interviews, tackling each firms particularities and combining key concepts review and a hands-on methodology. Following the book, the candidate will prepare his/her stories by practicing with over 50 real questions and leveraging special frameworks and worksheets that guide step-by-step, developed by the author and her experience as a Master in Management professor and coach. Finally, as further guidance, the guide encompasses over 20 examples from real candidates.
Furthermore, you can find 2 free cases in the PrepL case regarding FIT preparation:
Intro and CV questions > https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/introduction-and-cv-questions-fit-interview-preparation-200
Motivational questions > https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/motivational-questions-fit-interview-preparation-201
Feel free to PM me for disccount codes for the Integrated FIT Guide, since we still have some left from the launch!
Hi there,
Actually I will say that I would live the same life that I am living with more comfort and less stress in the daily routine. For instance, I would keep the same job that I am doing (Consulting) but I will buy a more comfortable house and car in order to focus more on my actual job and perform better.
In this way you can show that you have carefully chosen your career and you are very motivated to apply for consulting or working there.
I would invest the majority of my income in a variety of assets - especially stock options, ETFs, and property. I wouldn’t buy anything of depreciating value - instead look to grow the lottery winnings as much as possible to set myself up for the future. I’d invest in ideas and businesses that are close to my heart. I’d support my family and buy myself a nice house.
I would invest the vast majority of the money in an ETF or mutual fund, given that right now I am still looking for experience. While I would love to start a business or do something to multiply this money, I haven't had the opportunity yet to see the inner mechanics of what makes a company run and what actions differentiate successful and unsuccessful ones.
I would wait. Simply sit on the money for a time and evaluate what the best plan of action might be. I would search out good investment opportunities to make that money make me more money.
I would invest most of it (stocks, etc) and some of it I'd put towards a social sailing project. I was very fortunate to participate in it and want to enable the same experience to someone else.
If I won the lottery, I would - donate to good causes; start my own sustainable clothing line business; buy a yacht
Depending on the amount of money I won, I would build a comfortable home, invest the money in different projects and donate a part of it to help build new shelters for homeless.
I would probably pay off my family debt and then think about starting a career in filmmaking.
Firstly I would by a car, then hire a financial consultant to give me instruction on how should I spend/ invest my money based on the lifestyle I have.
0. Make sure as few people know about it as possible
1. Figure out the tax implications
2. Donate/spend/structure the money to minimize taxes
3. Invest the remainder
I would invest in Real Estate, buy houses and flats where the money is safe and where I am able to make more money
At first I would invite all people that I'm sharing memorise with through the last 3 years to celebrate my win. Afterwards I would start to reflect what I really wanna do with the money. Of course I would invest some of it to also keep the long run in mind.
I would need some more time to reflect. I think in my situation right now I wouldn't change anything dramatically because I want to focus on my career. I love what I'm doing so I wouldn't choose another option I guess.
1) Save a significant amount
2) Donate a significant amount
3) Buy my parents their dream vacation
invest; its not as much as you think. But use some money to spend on something to really enjoy such as a holiday
I would take a vacation to Mexico, give money to fam, to doctors without borders and invest and life as never won.
Try to make business not spend money without benefit and this project it would be better of social impact, for example electrification in isolated places, trying to help people and world.