A. Interview process
The whole recruitment process takes 1-2 months, and the specific steps are as follows:
Resume and cover letter
Mckinsey problem solving test
First round interview
Second round interview
McKinsey receives 200,000 applications every year, but only about 2,200 consultants are hired in the end. Yes, only about 1% of the candidates got the job opportunity. The most competitive step in this process is to screen resumes and cover letters.
However, the good news is that if you know how to prepare for the interview, you may get the job. Your interview usually lasts 45 to 60 minutes and consists of two parts:
Case interview questions-75% of the interview time
Personal Experience Interview Questions (PEI)- 25% of the interview time
Let's solve each problem step by step.
B. Interview questions
In the case interview of McKinsey, you will work with the interviewer to solve business problems. These cases are often simplified versions of the actual projects that McKinsey once participated in (for example, Coca-Cola's profits are declining, how to reverse the situation? )
In the case interview of McKinsey, you will work with the interviewer to solve business problems. These cases are often simplified versions of the actual projects that McKinsey once participated in (for example, Coca-Cola's profits are declining, how to reverse the situation? )
You can watch the first-class candidates solve the McKinsey case in the video below.
The beauty of McKinsey case interviews is that they all follow the same structure, so you already know what will happen. Here are five questions you may encounter:
Situation.
The problem of the framework.
Quantity problem.
The problem of creativity.
Suggestions.
Your interviewer will start by describing the business situation and problems, and will ask you how to build a solution to the problem-this is a framework problem.
Once you agree on a methodology, the interviewer will provide you with data to solve some quantitative problems. In addition, they will test your creativity and your ability to brainstorm solutions.
Finally, at the end of the case, they will ask you to draw a conclusion and propose a solution to the company's problems.