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McKinsey Final Interview

BCG Bain McKinsey Final Round I'm preparing to McK coming next week
Neue Antwort am 9. Aug. 2021
8 Antworten
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Anonym A fragte am 6. Aug. 2021

Hi team

My final round interview is coming (next friday, August 13).

They said me that I'm good in communication skills, in creativity, business sense but my math skills are very poor (problem solving in general).

How can I boost my problem solving skills in 7 days? Thanks.

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Francesco
Experte
Content Creator
antwortete am 6. Aug. 2021
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there,

I agree with Bain that problem-solving and math calculation skills are different areas.

It is difficult to provide suggestions without an example of what exactly you find challenging. In general, candidates struggle either with how to approach a math problem or the computation part itself.

A) In terms of how to approach math in the case, I would recommend the following:

  1. Repeat the question – sometimes candidates do mistakes answering the wrong question
  2. Ask for time and present how you would like to proceed from a theoretical point of view
  3. Perform the math and present the interim steps to keep the interviewer aligned – don’t just say the final number
  4. Continue with the computations until you find the final answer
  5. Propose next steps based on the results you found

B) In terms of general math tips and avoiding mistakes, I would recommend the following:

  1. Use correctly 10^ powers in your math computation. For example 3.2B/723M can be transformed in 3200*10^6/732*10^6, which makes it easier to deal with math
  2. Ask if it is fine to approximate. When you have to deal with math in market sizing - and sometimes even in business cases - you are allowed to approximate math to simplify the computation. In the previous example you could transform the computation in 320*10^7/70*10^7
  3. Keep good notes. One of the reasons people do mistakes with big numbers is that they don't keep their notes in order and forget/misreport numbers
  4. Divide complex math in logical steps. This is something you can use for big numbers after the application of the 10^ power mentioned above. For example: (96*39)*10^6 à 96*40 - 96*1 = 100*40 - 4*40 - 96*1 = 4000 – 160 – 100 + 4 = 3744*10^6
  5. Use shortcuts for fractions. You can learn by heart fractions and thus speed up/simplify the computation - the most useful to know are 1/6, 1/7, 1/8, 1/9.

I would also recommend to practice math under pressure - not just math. Many candidates are totally fine doing 67% of 67 in normal conditions, but freeze if you ask this suddenly in a case interview.

In order to do so, try always to use a timer with a strict time constraint when you practice math – this will create pressure and help to replicate the actual conditions of the interview.

Hope this helps,

Francesco

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Erica
Experte
antwortete am 6. Aug. 2021
Ex-McKinsey / 100% offer rate / LBS / Principle driven / Real case/ If you get the interview, you should get the offer!

Hi there. When it comes to math, or problem solving in general, I always recommend the backward deduction. Basically you start from the issue at hand and think backward one step at a time. This method has been proven effective by lots of my students.

For example, if you receive a question like “Whether we should enter the US market", you can follow below steps:

Step 1: In order to decide whether we should enter the US market, we need to look into whether this strategy can help the client achieve it's goal (assuming client's goal is to increase profit next year). Therefore we need to see whether entering the US market can increase client's profit for next year. 

Step 2: In order to figure out whether we can increase profit by entering the US market, we need to do a projection on revenue and cost for this move

Step 3: In order to calculate cost, we need xxxx. In order to calculate revenue, we need xxx. 

Step 4: You can either ask the interviewer for the numbers you need or search for them from previous information

This method also works very well for math problem. For example, if you get a question like “Can you calculate the break even volume for the new machine?”

Step 1: In order to understand how much volume we need to sell to break even our initial investment on this machine, we need to know how much the machine cost in the first place and how much is the gross profit for each unit

Step 2: In order to calculate initial investment, we need xxx. In order to calculate gross profit, we need the price and profit margin and xxx. 

Step 3: Ask for the numbers or search for the numbers

Step 4: Sanity check

 

If you passed the first round, your fundamental business sense and problem solving shouldn't be a problem. Just follow above steps and see whether you find these questions easier :)

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Sophia
Experte
antwortete am 6. Aug. 2021
Top-Ranked Coach on PrepLounge for 3 years| 6+ years of coaching

Hello!

First of all, congratulations on getting a final round interview!

There's lots of helpful advice on this site about what you can do to boost your problem solving and math skills in general, but I think an important challenge you face is wanting to improve them in such a short amount of time. Your question isn't just about how to get better - it's about how to get better very quickly

To that extent, I would start by reading the threads here (+ you can find many more threads on the internet with advice on how to get better at math and problem solving). Try to get a very thorough understanding of the approach experts recommend.

Then, reflect on your case experience so far. Do you see where your areas of improvement are? Do you understand why you were given that feedback in the interview? Once you understand what it is you need to work on more specifically, you can focus on that area for practice.

Next, try to do some practice on just those areas of difficulty. If you are getting through to a final round, I would assume your overall case skills are fairly solid - so work on specific things you want to improve, don't just run case after case. 

To really get better quickly, I highly recommend working with a coach, as expert feedback is invaluable in building skills in such a short amount of time. Even if you don't opt to get coaching, getting feedback is crucial at your stage. If you're just solving cases by yourself, it can be difficult to tell whether you got the right answer, or, more importantly, whether you got there in an efficient and structured way. Work with your friends or peers to get feedback, or find cases on the internet that already have written solutions that you can compare your work against.

Finally, remember to take some time to rest before the final interview! Everyone has their strengths and weaknesses in doing cases. There will always be things you can improve, but the fact that you got through to the final round would imply that your performance is very good overall. Make sure to rest and do something relaxing to clear your head before the final day to make sure you are in top interviewing shape!

Hope this helps, and best of luck with the interview!

 

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Pankaj
Experte
antwortete am 6. Aug. 2021
Bain Manager and Ex- Accenture | >5 years of coaching experience | Experienced Interviewer | Personalised coaching

Hey,

 

There are a few implications of what you have mentioned - 

1. They will definitely test you on the math skills in the next round - as the feedback would have been communicated internally

2. This is definitely a make or break situation - it would be very difficult to clear a candidate if there is a question mark on math skills.

 

Having said that, there are a few things you can do from here on - 

1. Targeted preparation - there are only a few types of cases which can cover math problems - cases with sizing component, charts or break even type cases. Make sure you cull out these cases and go full throttle on gaining confidence in these types of cases.

2. Coaching - Make sure you connect with a coach on the platform to share their tips and tricks on tackling these types of numbers heavy cases. They would be more than happy to share even practice questions with you to save you some time.

 

I hope this helps.

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Bob
Kompetent
bearbeitete eine Antwort am 8. Aug. 2021

Problem solving skills seems to be different from math skills. 

For math skills, you can do drills here on Preplounge / Rocketblocks.

For problem solving skills, a lot of it is pattern recognition. The quickest and fastest way is to run speed run through tons of cases by yourself. Propose hypotheses and develop them through the case and then see how close you were to the case solution. The more you run through, the more you'll start to recognize patterns. 

(editiert)

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9
Ken
Experte
antwortete am 6. Aug. 2021
Ex-McKinsey final round interviewer | Executive Coach

I'm assuming they meant your quantitative problem solving not your overall problem solving - or else you would not have progressed! Unfortunately this one can only be improved through practice. I would pull together all the McKinsey type quantitative sections of as many cases as possible and just go through them one after another. It's very much the type of case coaching session I do with candidates who get that exact feedback.

Good luck!

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Florian
Experte
Content Creator
antwortete am 9. Aug. 2021
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hey there,

Congrats on making it to the last round. 

 

If all your issues are revolving around math I would recommend spending 80% of your time on math, and 10% each on charts and structuring.

How can you get better in a short amount of time?

  1. Get a McKinsey coach to show you how to approach the McKinsey math questions with the right system
  2. Practice case math drills like there is no tomorrow to work both on your a. problem approach and b. calculation skills

You need to have the right approach in place, then internalize it and bombard your brain with a great number of exercises to become more comfortable, accurate, and faster.

Cheers,

Florian

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Ian
Experte
Content Creator
antwortete am 8. Aug. 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

This is really hard to advise on because there are so many different types of problem solving!

For math problem-solving I'd recommend mathdrill, preplounge or rocketblocks.

For charts/exhibits, preplounge or rocketblocks.

For case problem-solving, coaching.

For structuring/frameworking, preplounge or coaching.

Ultimately, the #1 rule is to remember the objective. As in, be really clear what you're trying to solve for. Then, structure the way in which you'll solve the problem. Then, solve!

 

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Francesco gab die beste Antwort

Francesco

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