Woody:
I have one coming up after the new year (scheduling problems) and I was wondering if anyone else has had one yet and if they could share experiences, tips ... etc.

Yeah, I went through the process with McKinsey, Bain, and BCG. I'm presuming its a BA interview?

 
Best Response

with MBB. Best tip is always have structure, but that's a given.

McKinsey - limited fit, primarily case work and shear intellect. Had a complicated numbers case. Final round is with partners and complicated math, if you don't nail it, I got the sense you were cooked.

Bain - connect everything with real world strategy and tips to grow the company. Diagnosing the problem is not enough, connect it with a solution that can drive real returns. Fit is also very important, work hard, play hard.

BCG - More fit, academic in nature. Serious work with charts and graphs. Easier then the other two.

 
2007Analyst:
with MBB. Best tip is always have structure, but that's a given.

McKinsey - limited fit, primarily case work and shear intellect. Had a complicated numbers case. Final round is with partners and complicated math, if you don't nail it, I got the sense you were cooked.

Bain - connect everything with real world strategy and tips to grow the company. Diagnosing the problem is not enough, connect it with a solution that can drive real returns. Fit is also very important, work hard, play hard.

BCG - More fit, academic in nature. Serious work with charts and graphs. Easier then the other two.

Agree: McKinsey cases are math intensive, especially in the early rounds. In my experience, the Bain cases were much more logical..much easier to get through.

The BCG cases were more difficult in terms of putting a structure around a problem and then drilling down into the issues.

There is a book called "Case in Point" which is great case prep

 

Although my partner interview wasn't that math intensive...everything depends on how you structure. I found that they work with you and give feed back. They aren't trying to screw you, they just don't make it easy.

For example:

EM walks in, shakes my hand, we start talking... before I knew it I was deeply entrenched in the organic foods industry discussing how I would increase sales of ketchup from $25 mm to $400 mm in 5 years. They don't expect you to re-invent the wheel, but you need to know the right steps to at least build a wheel. Poor analogy, I know, but everything is structure, structure, structure, step by step. A= .... B= .... C=....

In following up, the guy told me flat out that I need to improve my structure and that I need to force myself to think within a framework. He said if I get a partner interview, that I should take more time and pause before thinking, brutally honest but helpful.

I got the offer...so hopefully I'll figure it out. Also, remember that they train the crap out of you, so don't try and be perfect. Be enthusiastic, genuine, communicate well, show intelligence, and ace the 70 minute test. I had no contacts and not the world's greatest resume either...

I think showing true desire to be there and not just get a couple years on the resume and a sincere interest in who they are and what they do is key. Just from my experience so take it with a grain of salt...

 

I was asked a question by a EM at McKinsey during my interview...

crapload of information about starting up an airline company and I was required to extract all the formulas and solve a series of 5 equations under a time limit. Luckily, I answered the problem correctly. Unfortunately, I didn't get the offer (other interview didnt go to well in the same round)

GOOD LUCK

 

I more or less did it wrong, whereas I just started going and picked up steam as I went along...but the EM told me afterward that it would be better to ask for a moment to think about it before just diving right in.

Take a moment (i dunno 15-30 seconds) and work within a framework in your mind. Come up with 3 points and then proceed:'

"There are three things to consider:

1) 2) 3)...."

He also mentioned, which I thought was somewhat funny, that after saying "Here are 3 things" that thinking in a framework may help you think of other things...so there could be a 4)... and 5)...

During your time of personal thought, be sure to quickly consider alternatives or rejections, because once you take your course of action, right or wrong they will push you and challenge your assumptions so that they stand firm.

Good luck!

 
raider4ever:
I more or less did it wrong, whereas I just started going and picked up steam as I went along...but the EM told me afterward that it would be better to ask for a moment to think about it before just diving right in.

Take a moment (i dunno 15-30 seconds) and work within a framework in your mind. Come up with 3 points and then proceed:'

"There are three things to consider:

1) 2) 3)...."

He also mentioned, which I thought was somewhat funny, that after saying "Here are 3 things" that thinking in a framework may help you think of other things...so there could be a 4)... and 5)...

During your time of personal thought, be sure to quickly consider alternatives or rejections, because once you take your course of action, right or wrong they will push you and challenge your assumptions so that they stand firm.

Good luck!

So you received an offer to be a partner at McK?

 

I would highly recommend using vault.com or buying the vault guidebooks to prepare for your consulting interviews. Definitely make sure you can do math quickly and accurately including algebra for some of the more complex case studies

 

Quia aspernatur dicta sint incidunt consectetur. Inventore at est repudiandae eaque est odit temporibus. Impedit pariatur temporibus eum neque vel ab consequuntur. Dolores dolores illo adipisci dicta libero autem illum dolor. Temporibus in illo dolores velit omnis sit earum.

Et tenetur aspernatur quis repudiandae similique ut tempore hic. Et error culpa voluptatem dicta dicta amet cumque. Voluptatem voluptates dolores ipsa quod asperiores maiores. Nihil vitae illum consequatur est et inventore velit ullam.

Aut aut consectetur ipsa voluptatum eveniet aut. Iste aut architecto cupiditate animi quibusdam unde itaque explicabo. Id nisi consequatur nisi error ab sunt nemo. Aut enim recusandae et quia quis. Eum consequuntur vel aut quia molestiae molestias dolores.

Et eveniet dolor est alias optio et. Aliquam fugiat ut voluptatum velit vel iure eveniet quia. Corrupti pariatur dolor aut rerum. Sit harum ut hic distinctio nesciunt.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (153) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (147) $116
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1050) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”