PrepLounge: Our take (review, alternatives, pricing)

PrepLounge is a job interview preparation platform designed for aspiring management consultants. Known for its community-driven model, PrepLounge offers a mix of peer-to-peer mock interviews, coaching from experienced consultants, and a large library of practice cases, logical drills, and other prep materials. 

Recently, PrepLounge has branched out to offer interview prep services for finance roles as well. This includes domains like investment banking, private equity, and venture capital.

If you’re applying for jobs within those industries and seek structured prep with real-time practice, PrepLounge is a helpful resource to explore. 

But before you decide where to invest your time and money, let’s take a look at everything you need to know about its services.

In this article, we break down PrepLounge’s offerings and pricing, provide an honest review of its services, and list the best PrepLounge alternatives.

Here’s an overview of everything we’ll cover:

• PrepLounge services
• PrepLounge review (pros and cons)
• PrepLounge pricing
• PrepLounge alternatives (top 3)
• PrepLounge alternatives (categorized)
• PrepLounge FAQs

1. PrepLounge services ↑

PrepLounge offers a mix of interview prep services that help improve your performance and confidence in management consulting interviews. Here’s what you can expect from its main offerings: 

1.1 Coaching sessions and packages

PrepLounge offers paid coaching with experienced former consultants from top firms like McKinsey, BCG, and Bain. Coaches set their own hourly rates and profiles, and you can browse by firm background, rating, or price. Sessions are typically held through a 1-hour video call.

During these coaching sessions, the coaches typically provide feedback on your role fit and case interview performance. They may also provide resume reviews and guidance on job application strategy.

Coaching sessions are available as both individual bookings or as part of larger packages. Here’s an overview of your options for coaching:

• Individual coaching sessions: In PrepLounge’s coach directory, you can choose a specific coach and book them directly. Each coach has their hourly rate and expertise displayed on their profile. 
• Coaching packages: Some coaches offer their services in packaged deals. These are usually themed packages that combine coaching sessions, courses, practice materials, or additional discounts. Each package is unique, so what you get will depend on the package you choose. 
• Premium membership: PrepLounge also offers one-time payment membership packages that give you access to a certain amount of services within a year. You can choose between Premium Membership and Premium + Coaching. The standard Premium Membership gives you unlimited peer-to-peer mock interviews, hundreds of study cases, drills, and unlimited messaging on the platform. Meanwhile, the Premium + Coaching option gives you slightly more, with additional access to 1-5 coaching sessions.

Reviews for coaches vary, so it's important to carefully vet their ratings and read testimonials before booking.

1.2 Peer-to-peer mock interviews

The core of PrepLounge’s value proposition is its community-driven mock interview platform. Candidates can schedule 1-on-1 case interviews with peers from around the world. After each session, both participants give each other feedback, which helps improve their delivery and analytical skills.

This feature is most effective for candidates who already have a basic understanding of case formats and want to sharpen their communication under pressure. You can access this feature with a premium membership.

1.3 Case library and other prep resources

PrepLounge offers over 200+ case studies in its database, covering a variety of industries and case types (e.g. market sizing, profitability, M&A, etc.). Some cases are candidate-led, while others are interviewer-led. You can choose among them depending on your preferred course format or learning pace.

Aside from these case studies, PrepLounge also offers paid practice tests and expert-made guides, plus free resources like mental math drills, stress questions, logical reasoning drills that test your case knowledge and thinking, and brainteasers that train your logical thinking. However, you can only access the free resources by signing up on the website. 

1.4 Company-specific cases

Interested in exploring specific companies? PrepLounge also has a database of company profiles from companies that operate in locations like the US, UK, Germany, Singapore, Philippines, and beyond. Each profile typically includes information on the firm’s industry focus, job opportunities, recruitment timelines, and case interviews. 

Users can also find exclusive resources contributed by PrepLounge’s premium partner companies. This includes additional cases, job openings, and news on virtual and in-person recruiting events. 

With customizable filters by country, company size, and industry, this database is designed to help you explore potential employers, stay informed about job opportunities, and prepare strategically for interviews wherever you’re applying.

2. PrepLounge review (pros and cons) ↑

PrepLounge is a legitimate, long-running platform with a large and engaged user base. 

But whether it’s a good fit depends on your level of experience and what kind of prep you're looking for. Based on our research on forums like Reddit and Trustpilot, the feedback is generally positive, but there are some caveats worth knowing.

Here are some pros and cons you may want to consider before choosing PrepLounge’s platform:

2.1 PrepLounge pros

Large global network for mock interviews: PrepLounge’s extensive user base allows candidates to find mock partners almost 24/7, which is especially helpful for tight prep schedules. This helps you build confidence through repeated practice. Plus, practicing with peers instead of a paid expert may be less intimidating and a great stepping stone to try before you invest in a paid coach.

Access to ex-MBB coaches: You can book sessions with experienced former consultants who already sat through interviews within the companies you’re targeting. This 1-on-1 coaching can be invaluable for high-stakes roles and give you insights into what those companies typically look for in candidates. 

Rich library of case content: PrepLounge’s case library is one of the most extensive available. It offers hundreds of cases that cover different industries, case types, and difficulty levels. This is ideal for self-motivated learners who want a large bank of materials to explore. You never know what case you’ll have to face during a case interview, so having a wide range of case materials to practice with can help sharpen your thinking in different situations.

Active discussion forums: PrepLounge is known for its engaged community of users. Its consulting forum houses discussion boards where users exchange tips, case walkthroughs, and strategy advice. This makes it easier for beginners to pick up on common patterns and interview pitfalls. Plus, it can give you a sense of community and support as you work on improving your skills. 

2.2 PrepLounge cons

Inconsistent coaching quality: Since coaches on PrepLounge set their own rates and manage their availability, the quality of coaching can vary. Many users report positive experiences with highly experienced consultants, but others have noted inconsistencies in the value provided by certain coaches. For example, in one PrepLounge review, a user describes a bad experience with a once-responsive coach who promised certain services if they booked more sessions. Unfortunately, the coach failed to follow through and instead asked the user to leave positive reviews. Another user in the same thread reported similar negative experiences, but they also mentioned encountering better service from other coaches.

Inconsistent peer-to-peer mock interview quality: While peer-to-peer mock interviews are a core part of PrepLounge’s model, some users experience inconsistent quality and commitment from peer mock partners. A Trustpilot reviewer wrote that “matching with people doesn't work properly,” adding that most invites went unanswered and made the experience unreliable. This is a common complaint for peer-to-peer mock platforms and why many candidates opt for paid services with professional experts instead.

Premium membership required for full access: Although you can sign up for free, most of PrepLounge’s useful features—like unlimited peer-to-peer mock interviews, access to the full case library, and interactive tools—are locked behind a paywall. If you’re on a free membership, you can access only 10 peer-to-peer mock interviews, plus limited cases and drills.

Limited finance-specific resources: While PrepLounge now offers services for finance candidates, most of its case material focuses on management consulting only. If you’re prepping for a finance-specific role, a premium membership may not give you the value you seek.

3. PrepLounge pricing ↑

On PrepLounge, users can access a limited version of the platform for free, but most key features are locked behind a premium membership. 

As of May 2025, PrepLounge’s pricing for one-year memberships is as follows:

• Premium Membership: 69 USD plan, includes:
  • Unlimited mock interviews with peers
  • Unlimited personal messaging
  • 200 study cases
  • 20 video cases
  • 200 drills

• Premium + Coaching: Price varies. Includes everything you get with the standard Premium Membership, plus additional coaching sessions in the following tiers:
  • 1 session, 199 USD plan
  • 3 sessions, 459 USD plan
  • 5 sessions, 719 USD plan

Outside of these plans, you can book individual coaching sessions and prices typically start at 149 USD per hour.

Bundled coaching packages are also available for more structured mentorship and typically range between 479 USD to 1,500 USD or more.

4. PrepLounge alternatives (top 3) ↑

With PrepLounge's limitations in mind, we’ve drawn up a shortlist of what we think are the three best interview coaching services available right now. These PrepLounge alternatives may better fit your budget and personal goals:

#IGotAnOffer

Okay, we may be biased here, but a 4.95 average star rating from over 18k reviews is hard to ignore.

IGotAnOffer is a coaching platform where you can book mock interview sessions to prepare you for consulting or finance interviews. It also offers career mentoring, leadership coaching, resume review, and salary negotiation coaching sessions.

There are over 400 coaches on the platform and many have worked at top companies in consulting and finance, like MBB firms, Goldman Sachs, JP Morgan, Morgan Stanley, etc. They will be well-equipped with real-world insights to guide you through the interview process in your chosen role and target company.

Click on a coach’s profile and you’ll instantly see their hourly availability. Prices are clearly displayed before you book and if you’re not satisfied with your session, you get a full refund.

IGotAnOffer does not offer interview training courses, but it offers free and comprehensive interview prep guides for consulting on the website and a range of high-quality case interview mock videos for management consulting on YouTube.

#RocketBlocks

Founded by former BCG consultant Kenton Kivestu, RocketBlocks focuses on consulting and product management coaching online. We’ve heard good things about it and it offers good supporting resources as part of your monthly fee if you opt for a membership subscription. 

You also have the option to book coaching sessions individually. The downside is that mid-level and experienced coaches are more expensive, considering that IGotAnOffer has dozens of MBB ex-interviewer coaches available from just 119 USD per hour.

#MyConsultingCoach

MyConsultingCoach makes our list of recommendations because of its good reviews, structured case interview course, and free peer mock access if you sign up.

However, its packages are expensive and go up to more than 2,000 USD. it also offers an AI case interview practice for only 35 USD. But given that it’s an AI interviewer, it lacks the expertise and insights you can gain from a real industry expert. 

MyConsultingCoach also does not have a roster of coaches visible on its website. Based on the About page, coaching is done by one of its founders and a small team of coaches. This limits your options if you’re looking for variety. However, the coaches do have backgrounds at top MBB firms, with many holding high educational backgrounds and Cambridge PhDs. 

If you don’t mind sacrificing the option to select a coach yourself, you may still want to explore MyConsultingCoach’s services. 

5. PrepLounge alternatives (categorized) ↑

5.1 Best for comprehensive and structured courses

PrepLounge offers a combination of private coaching and various case preparation courses. Whether you prefer expert guidance or self-paced independent learning, courses can give you the best of both, depending on what’s included.

Here are some other platforms that also offer structured programs:

#Management Consulted

Management Consulted provides guided curriculums and complete interview prep packages. Its various programs involve a mix of video classes, hundreds of practice cases, industry overview primers, career strategy, and private coaching.

Similar to PrepLounge, Management Consulted also gives you access to its community of peers if you purchase a program.

According to Management Consulted’s website, 80% of clients who take its Black Belt package receive job offers. However, its packages are expensive, and maintaining your membership past the first year will cost you 850 USD yearly. Its services are also non-refundable, so you’ll want to be absolutely sure before you make a purchase.

#My Consulting Offer

My Consulting Offer is a platform run by a team of former McKinsey, Bain, and BCG recruiters, managers, and consultants. They have collectively reviewed over 285,000 resumes and conducted more than 50,000 interviews. The website claims an impressive 89.6% success rate in helping candidates receive job offers. 

My Consulting Offer’s main service is end-to-end coaching programs. The programs are designed to help candidates land and pass interviews at top consulting firms. Unfortunately, the program pricing, coach options, and program features are not transparently listed on the website.

Another downside is that you have to jump through several hoops to access My Consulting Offer’s services. Program applicants are screened and slots are limited, so you’re not guaranteed entry. 

#Hacking the Case Interview

Hacking the Case Interview offers both structured courses and personalized coaching for management consulting candidates. All of its services are provided and coached by its founder Taylor Warfield, a former Bain manager and interviewer. 

The courses offer a structured approach that makes sure candidates receive thorough preparation. They typically consist of multiple modules, which cover video lessons, real practice cases, math concept refreshers, and business concept refreshers. 

However, the price is quite high considering that only one coach is available. This doesn’t give you the option to browse and choose coaches according to your preferences, unlike on platforms like IGotAnOffer.

5.2 Best for free resources

PrepLounge offers a handful of useful free resources, such as its Case Interview Basics section. However, some of its other free guides are only visible upon signup.

Here are some platforms that also provide interview prep resources free of charge:

#IGotAnOffer's consulting blog

IGotAnOffer is known for its roster of high-quality coaches, but it also provides an abundance of useful resources for free. This includes interview prep-related guides on its blog, with a section dedicated specifically to consulting. You can also find free video explainers and mock interviews on the IGotAnOffer YouTube channel. 

Unlike PrepLounge’s free guides which are sometimes hidden behind sign-up prompts, IGotAnOffer does not require you to create an account or hand over your email data to access these resources. The guides are well-researched and comprehensive, often containing real-world insights from coaches who have worked both at top MBB firms and top financial firms. 

Below are some free guides you can use.

For management consulting:

• Consulting career path: 6 steps to the top (McKinsey, BCG, Bain)
• Consulting Resume Guide (REAL McKinsey, BCG, Bain examples)
• Case Interview Prep Guide (5 steps to an offer at MBB)
• Case Interview Math (formulas, practice problems, tips)
• Group case interviews: what to expect and how to prepare
• McKinsey Career Path (roles, progression, salaries)
• McKinsey Case Interview Prep (process, questions, tips)
• Bain Case Interview - How to Prepare (2025)
• BCG Case Interview - How to Prepare (2025)
• Case interview video explainers and mock interviews
• Company-specific case interview prep guides
• Guides related to case interview frameworks

Browse over 50+ free guides on our consulting blog.

For finance interviews:

• Investment banking interview prep guide
• Goldman Sachs interview (43 questions, process, and prep)
• JP Morgan interview (41 real questions, process, and prep)
• Morgan Stanley interview (41 real questions, process, and prep)

Browse free guides on our finance blog.

#CaseCoach

Developed by former McKinsey consultants, CaseCoach is one of the better options if you prefer to study independently. Aside from its popular Consulting Interview Prep Toolkit course, CaseCoach offers a free Consulting Resume Course. This course includes 5 short video lectures and 12 sample templates for resumes and cover letters.

You can also browse its blog for free guides covering interview tips, job applications, career path insights, and company-specific deep dives.

#Crafting Cases

Crafting Cases provides straightforward consulting case interview courses that teach you how to think like an expert. Best suited for fresh graduates and intermediate candidates, its course collection focuses on case problem-solving fundamentals and essential analytical skills. 

Among its courses, you’ll find the Case Interview Fundamentals course available for free. This is a good starting point for students or early-career candidates. In this 7-day course, you’re guided through case interview techniques, practice drills, and interviewer insights.

This free course was developed by two former consultants from McKinsey and Bain. While it does not include private coaching, it offers a structured approach founded on real experience working at top MBB firms. 

5.3 Best for finance interview prep 

As we’ve already mentioned, PrepLounge recently branched out to offer interview prep for finance roles. This is fairly new and less established than its management consulting-focused services. 

Here are finance interview prep alternatives:

#IGotAnOffer’s finance interview coaching

IGotAnOffer lets you browse a variety of high-quality interview coaches with backgrounds in investment banking and private equity. Many of them have worked at and interviewed candidates for top finance firms, such as Goldman Sachs and Blackstone.

You can see the coaches' hourly availability and book your online session in just a couple of clicks. With sessions starting at 119 USD per hour, you can get coaches with the same level of finance expertise as on other platforms, for a more affordable price. And if you’re not satisfied, you get a full refund.

#Corporate Finance Institute

The Corporate Finance Institute (CFI) specializes in providing certification programs and specialized courses for finance professionals. Its services and courses are available through two types of yearly subscriptions: the Self-Study plan and the premium Full-Immersion plan. 

Only the Full-Immersion plan includes private coaching. The downside is that CFI currently has only 14 coaches available. 

Aside from certification courses, CFI also offers specialized programs on niche finance topics like cryptocurrency and digital assets, AI modeling in finance, risk management, and financial analysis. These are good courses to take for deepening your knowledge in specific finance areas, which can give you a competitive edge.

If financial skill development with a proven certification is important to you, the Corporate Finance Institute is one of the few platforms that offers this type of validated expertise.

#Wall Street Prep

Wall Street Prep is a giant when it comes to finance and investment banking career advice and interview prep. It’s got an incredible range of free resources, excellent courses, and a selection of boot camps.

For interview coaching, you can book a 1-on-1 session with an ex-banker from top Wall Street firms like Goldman Sachs, Credit Suisse, JP Morgan, and more. The downside is the price, which starts at 340 USD per hour. You can book a similar profile of finance coaches on IGotAnOffer for much less, starting at 119 USD.

6. PrepLounge FAQs ↑

If we did a good job writing this article, you should have found something in the list above that suits your needs better than PrepLounge.

If you didn’t, it might be that PrepLounge is the best fit for you after all, particularly if you’re looking for peer-based case practice and access to a wide pool of mock interview partners.

To help you make an informed final decision, let’s cover the most asked questions about PrepLounge.

6.1 Who is the founder of PrepLounge?

PrepLounge was founded by German entrepreneurs Daniel Schmitz and Ralf Fuhrmann—both former consultants, with the latter being a Bain alumnus—and Gerwin Fricke, a product leader and web developer. The current CEO is Valentine Alexi, who has a professional background in HR and business development.

6.2 Is PrepLounge worth it?

Whether or not PrepLounge is worth it depends on your goals and learning style. It’s particularly useful for candidates who want frequent, low-cost peer-to-peer mock interviews and already have a good grasp of the basics. The community-based format gives you plenty of practice opportunities. But if you want access to expert coaching, you will have to pay a little more for coaches with higher expertise.

6.3 Is PrepLounge good for interview prep?

PrepLounge is a reasonable option for management consulting case interview prep, especially for people targeting MBB firms. Its large library of practice cases, combined with peer mocks and paid coaching, creates a flexible prep environment. However, coaching quality can vary regardless of rates. If you are on a limited budget, you may want to consider a platform that offers more affordable pricing schemes like IGotAnOffer.

6.4 Does PrepLounge offer a full refund for cancellations?

PrepLounge offers a full refund only if you cancel more than 12 hours before your scheduled coaching session. If you cancel within 6-12 hours, your coach is not obligated to refund you, but you may reschedule. If you cancel less than 6 hours before, you cannot get a refund at all. Read more about PrepLounge’s cancellation policies here.

7. Conclusion ↑

PrepLounge is a solid platform for those looking to prepare specifically for management consulting case interviews through peer mocks and expert coaching from former consultants. Its library of resources may also be helpful for those who want to expand their knowledge independently. 

And if the community aspect is important to you, you may enjoy browsing its forums for discussions with candidates in the same industry. 

But is it the best option for you? Only you can decide—and hopefully, this article has helped you make a more informed decision.

If you want to learn more about other job prep services (interview, mentoring, resume review), check out some of our other reviews:

• Interviewing.io review
• Pathrise review
• MentorCruise review
• Prepfully review
• Pramp review
• Exponent review
• Hello Interview review
• TopResume review
• Big Interview review
• Interview Kickstart review 

For mock interviews with industry experts, IGotAnOffer is a great choice. You’ll find over 400 interview coaches on our platform, and you can search by industry, role, or company to get the right match for you. You can see our coaches' hourly availability and book your online session in just a few clicks.