Firm specific

BCG case interview: practice cases with worked examples (2026)

How the BCG case interview runs, four candidate-led practice cases worked through their first exhibit, how to evolve a hypothesis across exhibits, and where Casey and written cases fit.

Updated 20 Oct 2026By the PartnerRound team18 min read

TL;DR

  • The BCG case interview is commonly candidate-led and exhibit-heavy: you drive, ask for data and read several charts, some with more than you need.
  • Interviewers look for a hypothesis stated early, tested against each exhibit and updated out loud when the data says so.
  • Expect two or three interviews of about 45 minutes per round, with questions on your experience. Some offices add the Casey online case or a written case, so check your invitation.
  • Train by driving cases out loud, reading dense exhibits fast and setting up your own maths.
  • Start with Halcyon Mobile below, then Larkfield, Helix Diagnostics and Northstar Bank.
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BCGHalcyon Mobile grows its way to lower profitProfitability · Medium

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Hear the case, answer by voice or text and get scored on every step.

Interviewer

Halcyon Mobile is the third-largest mobile operator in its market. Over the past two years it has grown its subscriber base by 12.5% to 9 million, yet EBITDA has fallen by about a third. The CEO cannot understand how a growing business is making less money. What is going on, and what should Halcyon do?

On this page
  1. How the BCG case interview works
  2. BCG practice cases at a glance
  3. How BCG differs from McKinsey and Bain
  4. How to evolve a hypothesis across exhibits
  5. The question types in a BCG case
  6. Worked examples: Halcyon Mobile and Larkfield
  7. Worked examples: Helix Diagnostics and Northstar Bank
  8. Casey and the written case
  9. Self-check: are you ready for a BCG case?
  10. How to use these practice cases

How the BCG case interview works

A BCG case interview is commonly candidate-led: the interviewer sets out a client problem and you drive it, deciding what to analyse next, asking for data and saying why. Cases tend to be exhibit-heavy, with several charts or tables, some carrying more data than you need, and interviewers look for a hypothesis that you test and update as the evidence arrives. Candidates commonly report two or three interviews of about 45 minutes in a first round and more with senior staff in a final round, each with questions about your experience. Some offices add the Casey online case or a written case. Check your invitation.

Candidate-led changes what good looks like. Silence after an exhibit is a missed turn: the interviewer is waiting for you to say what it means and what you want next. BCG interviewers commonly probe hypothesis-driven problem solving: say what you think the answer is, how you would prove or kill it, and change your mind cleanly when the data says so.

A candidate-led BCG case, as commonly run
  1. 01ClarifyTwo or three questions that change the plan
  2. 02HypothesisYour best guess, and the tree that tests it
  3. 03DriveAsk for data, read exhibits, run the maths
  4. 04UpdateSay what changed in your view
  5. 05RecommendAnswer first, with risks and next steps
The BCG process, as commonly described
StageWhat happensWhat to prepare
Online testCasey, another test or none, depending on the officeThe Casey format and timers, if you get it
First roundCommonly two or three case interviews of about 45 minutes, with experience questionsDriving candidate-led cases with dense exhibits
Final roundMore case interviews with senior staff; some offices use a written caseSharper synthesis and judgement, and presenting a written case where used

BCG practice cases at a glance

Our library has four cases written in the BCG style: candidate-led, with exhibits you ask for and a hypothesis to keep updating. Each has a guided walkthrough and can be played live with the AI interviewer, who will wait for you to drive.

Four BCG-style cases
Case (style, industry)Questions and exhibitsWhat you calculate
Halcyon Mobile: growing into lower profit (profitability, telecom, medium)8 questions (3 calculations, 1 multiple choice, 4 open) and 3 exhibits: two tables, a line chartRevenue lost to plan mix, the extra acquisition cost churn creates, a customer's lifetime value against its acquisition cost
Larkfield: doubling online sales (growth strategy, retail, medium)9 questions (3 calculations, 2 multiple choice, 4 open) and 4 exhibits: a line chart, a table, two bar chartsMomentum and the gap to target, revenue from closing a conversion gap, the value of store customers shopping online
Helix Diagnostics: pricing a new test (pricing, healthcare, hard)8 questions (2 calculations, 2 multiple choice, 4 open) and 3 exhibits: two tables, a column chartThe value of earlier detection to a hospital, the value per test, how value varies by hospital segment
Northstar Bank: losing deposits (competitive response, financial services, hard)9 questions (3 calculations, 1 multiple choice, 5 open) and 3 exhibits: two tables, a bar chartThe cost of a rate match, the cost of replacing lost deposits, the share of balances a rate offer must save to pay

Start with Halcyon, the most familiar case type. Leave Helix and Northstar until you can drive a medium case without prompting.

How BCG differs from McKinsey and Bain

All three firms test structure, maths, reading data and judgement. What differs is who drives, how much data you get and how fit is tested. Read this as a tendency, not a rule: interviewers vary, and every firm uses every case type.

BCG, McKinsey and Bain case interviews, as commonly described
BCGMcKinseyBain
Case formatCommonly candidate-led: you say what to look at nextInterviewer-led: one question at a timeCommonly candidate-led, often conversational
Exhibit densityOften several, some dense, some with data you don't needCommonly one to three exhibits, each with a clear pointCommonly a few simple charts or tables
Maths emphasisCalculations you choose and set up from the exhibitsPrecise paper maths, commonly without a calculatorPractical maths: profit, breakeven, payback
Business judgementWhy this analysis, and what it would changeBrainstorms and 'what would you do?', pushed for structureCommercial instinct: what you would tell the CEO
Fit and behaviouralQuestions on your experience, commonly shorter than a McKinsey PEIThe PEI: one story per interview, probed in depthFit weighted heavily: motivation and teamwork stories
Online testCasey or another test, in some officesSolve, in many officesSOVA or another test, in some offices
Typical practice-case themesPricing, growth, competitive response, profitabilityProfitability, operations, M&A, market entry, public sectorProfitability, growth, private equity due diligence

If you apply to more than one firm, practise both rhythms: our McKinsey case interview guide covers the interviewer-led format.

How to evolve a hypothesis across exhibits

A hypothesis is your current best answer, stated early so it can be tested, not a guess you defend. The loop repeats with every exhibit: say the hypothesis, ask for the data that would test it, read the exhibit for the one thing that matters, then say what changed. Here it is on a short illustration, separate from the library cases so nothing is spoiled.

Worked example

Worked illustration: a gym chain's falling profit

The prompt. A chain of 40 gyms has 100,000 members paying $50 a month, so revenue is flat at $60m. Operating profit fell from $12m to $8m in a year. Opening hypothesis: 'Revenue is flat, so the fall is in costs. I'd like to see the cost lines.'

Exhibit A: Operating costs, $m
Cost lineLast yearThis year
Staff2424
Rent1212
Energy47
Marketing45
Other44
Total4852

Update 1. 'Energy explains $3m of the $4m fall. If it's a market-wide price rise, the question is whether we can pass it on: recovering $3m on $60m of revenue needs a 5% price rise. Marketing is also up 25% with no more members. Can I see our energy costs against peers?'

Exhibit B: Energy cost per gym, $k
Last yearThis yearChange
Our gyms100175+75%
Peer average110187+70%

Update 2. 'Energy is market-wide: ours rose 75%, peers' 70%. Rivals face the same pressure, so a modest price rise may stick. That leaves marketing. Can I see how many members joined and left?'

Exhibit C: Membership, '000
Last yearThis year
Average members100100
Joined3040
Left3040
Marketing per joiner ($)133125

Update 3. 'Two problems, not one. Energy is market-wide, and pricing can address it. Churn is ours: 40% of members left this year against 30% last year, so we spent $5m on marketing just to stand still. My hypothesis now: retention is the controllable issue. Next I'd ask why members are leaving.'

'Where would you like to start?'

Weak

'I'd like to look at revenue first, then costs.'

Strong

'My hypothesis is that the fall is in costs, because revenue is flat. To test it I'd like the cost lines for both years. If one line explains most of the fall, I'll check whether it is ours or market-wide before deciding what to do.'

Why: Both start sensibly. The strong answer says why, names the data that would test the hypothesis and says in advance what would change the plan. That is what driving a case means.

The question types in a BCG case

In a candidate-led case you create many of the questions yourself, but the same types recur. Know which one you are in, and what the interviewer is marking.

Question types and how to train each
Question typeWhat is assessedWhere to practise
Opening structure with a hypothesisA structure built to prove or kill a stated hypothesis, with a place to startProfitability drills
'What would you like to look at next?'Choosing the analysis that tests the hypothesis fastest, and saying whyThe case interview method
Several exhibits at onceFinding the insight, ignoring the noise, linking to earlier exhibitsTables and exhibits drills
Calculations you set up yourselfChoosing the calculation that answers the question, then doing it cleanlyRevenue and growth drills
Pricing and valueFloor, reference and value ceiling, and how much value to capturePricing cases
Ideas and leversBreadth in buckets, then a view on which levers matter mostGrowth ideas drills
SynthesisAnswer first, three reasons with numbers, risks and next stepsSynthesis

Tables & exhibits drill

Choose

A dense-exhibit question in the BCG mould: segment margins held, yet the blend fell.

Blended margin fell from 16% to 14.5% while revenue grew 10%. What explains it?

Revenue and margin by channel
ChannelRevenue 2023, $mMargin 2023, %Revenue 2024, $mMargin 2024, %
Direct6002050020
Distributors4001060010
Total1,000161,10014.5

Client data. Margin is operating margin.

Press A to D, then Enter

Worked examples: Halcyon Mobile and Larkfield

Each example stops at the end of the first exhibit, with the hypothesis you would say out loud. The rest is yours to play.

Halcyon Mobile: growing into lower profit

The prompt. Halcyon is the third-largest mobile operator in its market. In two years it has grown subscribers 12.5% to 9 million, yet EBITDA has fallen by about a third. The CEO can't see how a growing business makes less money.

A structure that fits. Write profit as an equation and give the cost of acquiring growth its own branch; it is the one candidates forget. Open with a hypothesis: the growth may be coming from less valuable customers, or costing more to win.

Halcyon issue tree
EBITDA down about a third
  • Service revenue
    • Subscribers
    • ARPU: plan mix vs price
  • Running costs
    • Cost of service: variable
    • Network and overheads: largely fixed
  • Acquisition costs
    • Gross additions: churn replaced + growth
    • Cost per addition: subsidy + commission
  • Customer value by plan
    • Contribution × lifetime vs acquisition cost
Exhibit 1: Halcyon Mobile P&L and key metrics, 2023 vs 2025
$m unless stated20232025
Average subscribers (m)8.09.0
ARPU ($ a month)3027
Service revenue2,8802,916
Cost of service-720-729
Network and overheads-840-860
Handset subsidies-255-532
Commissions-85-133
EBITDA980662
Monthly churn1.25%2.0%
Gross additions (m)1.72.66
Subsidy per handset ($)300400

The exhibit notes that net additions were 0.5m in both years. First calculations. Service revenue rose just $36m (1.25%) on 12.5% more subscribers, because ARPU fell 10%. Cost of service rose $9m and network costs $20m. The big move is acquisition: subsidies plus commissions went from $340m to $665m, up $325m, more than the whole $318m EBITDA fall. Check: +36 - 9 - 20 - 277 - 48 = -318. And gross additions rose 56%, from 1.7m to 2.66m, to deliver the same 0.5m of net growth.

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BCGHalcyon Mobile grows its way to lower profitProfitability · Medium

Halcyon Mobile grows its way to lower profit

The best first BCG-style case: a profitability puzzle you drive from the P&L.

Interviewer

Halcyon Mobile is the third-largest mobile operator in its market. Over the past two years it has grown its subscriber base by 12.5% to 9 million, yet EBITDA has fallen by about a third. The CEO cannot understand how a growing business is making less money. What is going on, and what should Halcyon do?

Larkfield: doubling online sales

The prompt. Larkfield is a mid-market fashion retailer with 220 stores. Store sales have been flat at about $1.2bn for four years, while online has grown to $300m. The new CEO has promised to double online revenue within three years. How would you help her get there?

Larkfield's online engine
Online revenue=Visits×Conversion×Average order value

Benchmark each driver against peers before choosing a lever; the board won't take growth that costs company profit.

Exhibit 1: Larkfield revenue by channel, $m (from a line chart)
Channel2022202320242025
Stores1,2101,2001,1951,200
Online238257278300

The exhibit's note: online fashion in Larkfield's market grows about 8% a year. First calculations. Online grew from $238m to $300m in three years: 300 ÷ 238 = 1.26, or 8% a year, exactly the market's rate. Online's share of sales rose from 16% to 20% only because stores stood still. Doubling in three years needs the cube root of 2, about 1.26, so 26% a year: more than three times today's pace.

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BCGLarkfield sets out to double online salesGrowth Strategy · Medium

Larkfield sets out to double online sales

A growth case built as a bridge from $300m to $600m. Test every lever against margin.

Interviewer

Larkfield is a mid-market fashion retailer with 220 stores and a growing online business. Store sales have been flat at about $1.2bn for four years, while online has grown to $300m. The new CEO has promised the board she will double online revenue within three years. How would you help her get there?

Worked examples: Helix Diagnostics and Northstar Bank

Helix Diagnostics: pricing a new test

The prompt. Helix has a blood test that detects a post-surgical infection 40 hours earlier than the current standard of care. It is about to launch in US hospitals. What should it charge?

A structure that fits. Bracket the price before choosing it, then decide where to land:

  • Floor: Helix's marginal cost per test.
  • Reference: the price of the test it would replace.
  • Ceiling: what earlier detection is worth to the hospital, per test.
  • Price: the share of that value Helix captures, by hospital segment, given a likely competitor.
Exhibit 1: Target procedures at a typical US hospital, per year
Value
Patients undergoing target procedures1,200
Post-surgical infection rate6%
Current test: price to the hospital$45
Current test: time to resultAbout 48 hours
Helix test: time to resultAbout 8 hours
Helix test: marginal cost to Helix$62

The exhibit's note: both tests are run on every patient after a target procedure, and hospitals are paid a fixed bundle per procedure, so complications come out of their own margin. First calculations. A typical hospital sees 1,200 × 6% = 72 infections a year, each caught 48 - 8 = 40 hours earlier with Helix. And the obvious anchors don't work: Helix's $62 cost is above the $45 incumbent price, so matching the current test would lose $17 on every test.

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BCGHelix Diagnostics prices a new testPricing · Hard

Helix Diagnostics prices a new test

A hard pricing case. Be careful what you divide the value by.

Interviewer

Helix Diagnostics has developed a blood test that detects a particular post-surgical infection 40 hours earlier than the current standard of care. They are about to launch in US hospitals and need to set a price. What should they charge?

Northstar Bank: losing deposits to a challenger

The prompt. Northstar is a mid-size UK retail bank. Over 18 months a digital-only challenger has taken £1.66bn of its retail deposits, about 9% of the £18.4bn it holds today. The CEO asks whether to match the challenger's savings rate.

A structure that fits. Weigh what defending costs against what losing costs, then segment: the answer is rarely the same for every customer.

Northstar issue tree
Match the challenger's rate?
  • Cost of defending
    • Rate gap × every balance repriced
  • Cost of losing
    • Lost balances × extra funding cost
  • Who is leaving
    • Balance, products held, channel
  • Responses
    • Price: blanket, targeted, conditional
    • Non-price: bundles, service, friction
Exhibit 1: Northstar's retail deposit book today
ProductBalances (£bn)Northstar rateChallenger rate
Instant-access savings11.42.2%4.1%
Fixed-term and notice accounts7.0Fixed to maturityn/a
Total retail deposits18.4

The exhibit notes that almost all of the £1.66bn left from instant access, and that wholesale funding at 4.6% is the alternative. First calculations. Instant access is 62% of the book (11.4 ÷ 18.4), and it is where the money is leaving. Matching means a 1.9-point rise (4.1% - 2.2%), and a rate change reprices every pound in the product, not just the pounds at risk: 1.9% × £11.4bn = about £217m a year.

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BCGNorthstar Bank loses its depositsCompetitive Response · Hard

Northstar Bank loses its deposits

A hard competitive-response case. Weigh the cost of defending against the cost of losing.

Interviewer

Northstar is a mid-size retail bank. Over eighteen months a digital-only challenger has been taking deposit share in their core market, and Northstar has lost about 9% of retail deposit balances. The CEO is asking whether to match the challenger's savings rate. What do you think?

Casey and the written case

Two parts of the BCG process vary by office, so read your invitation first.

The Casey online case

Casey is a chatbot-led online case that some BCG offices use before interviews. Candidates commonly report about 25 to 35 minutes for around eight to ten questions, each on its own timer, ending with a short recorded video of your recommendation. You choose data, type short answers and do calculations as you go. Our Casey guide covers the format and lets you play a full practice case.

Casey, as commonly reported
PartWhat you doWhat helps
OpeningRead the client's question and choose which data to look atRestate the objective before choosing
AnalysisCalculations and exhibit reading, against a timerSet up each calculation on paper first
Free-text answersShort written reasoningAnswer first, in labelled points
VideoA recorded recommendation of about a minuteScript it: answer, reasons, next step

Written cases

Some BCG offices have used written cases, most often in later rounds. Formats vary, but a common pattern is a pack of documents and exhibits, a fixed time to analyse it alone, then a short presentation of your recommendation, sometimes on slides you prepare, followed by questions. It runs the same hypothesis loop as a live case, with more data to sift and nobody steering. If your invitation mentions one, practise reading a full case pack against the clock; the BCG hub covers the wider process.

Self-check: are you ready for a BCG case?

Run this list after every practice case. Anything you can't tick is your next drill.

  • I stated a hypothesis within the first few minutes and said how I would test it.
  • I asked for specific data, and said why, rather than waiting to be handed it.
  • On each exhibit I found the one insight, linked it to the last one and said what changed.
  • I set up my own calculations and chose the ones that answered the question.
  • When the data killed my hypothesis, I said so and stated a new one.
  • I closed with the answer first, three reasons with numbers, a risk and next steps.

Check yourself

Your hypothesis is that a client's profit fell because costs rose, but the next exhibit shows every cost line flat per unit. What do you do?

Pricing drill

Choose

The anchor logic you'll need for Helix: floor, reference and value ceiling.

A start-up has built a sensor that predicts machine failures, saving a typical factory about $500k a year in unplanned downtime. It costs $20k to make and install. Competitors' less accurate sensors sell for $40k. Which anchor should drive the price?

Press A to D, then Enter

How to use these practice cases

Play each case twice: guided first, with feedback on every answer, then live with the AI interviewer, who waits for you to drive. Write your opening hypothesis down before each live run, and afterwards compare how it evolved with the walkthrough.

A two-week plan for the four cases
DaysCase and modeFocus
1 to 2Halcyon, guided then liveReading a P&L line by line; stating a hypothesis early
3 to 4Larkfield, guided then liveGrowth gaps, funnels and benchmarks against peers
5 to 7Helix, guided then liveValue-based pricing: floor, reference, ceiling
8 to 10Northstar, guided then liveThe cost of defending against the cost of losing
11 to 14Your weakest two cases again, live, plus Casey if your office uses itDriving without prompts, after an experience question

Frequently asked questions

What is a BCG case interview?

A business problem you work through with an interviewer, commonly candidate-led: you decide what to analyse, ask for data and read exhibits, then give a recommendation. Cases tend to include several charts or tables. Each interview commonly also includes questions about your experience.

Are BCG case interviews candidate-led?

Commonly, yes, though interviewers vary and some steer more than others. Prepare to drive: state a hypothesis, say what data you want and why, and say what each exhibit changes. If the interviewer steers, follow their lead.

What is BCG Casey?

A chatbot-led online case that some BCG offices use before interviews. Candidates commonly report about 25 to 35 minutes for around eight to ten timed questions, ending with a short recorded video. Your invitation will say whether you have it.

Does BCG use written cases?

Some offices have, most often in later rounds: you analyse a pack of documents and exhibits alone, then present a recommendation. It is not universal, and formats differ. Ask your recruiter if your invitation doesn't say.

How many interviews does BCG have?

Candidates commonly report two or three case interviews of about 45 minutes in the first round and more with senior staff in the final round. Some offices add an online test such as Casey beforehand. The exact process varies by office and role.

Where can I find BCG practice cases?

BCG's careers site has its own case preparation material. Our library has four BCG-style, candidate-led cases with guided walkthroughs: Halcyon Mobile, Larkfield, Helix Diagnostics and Northstar Bank. Play each guided first, then live with the AI interviewer.

Written by the PartnerRound team

We build case interview practice: an AI interviewer that holds the answer key, guided cases, drills and a free course. Every guide is checked against the cases and drills it links to, so what you read is what you practise. Published 20 Oct 2026.