Are there any unique differences in McK case interviews for a research analyst position?

Actively preparing for interviews at McKinsey and BCG McKinsey
New answer on Mar 16, 2021
4 Answers
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Anonymous A asked on Mar 14, 2021

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Clara
Expert
Content Creator
replied on Mar 15, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

+1 to Gaurav pointing you in that direction.

Most of the interviewing process is going to be the "classical", hence you have 2 main workstreams ahead:

1. FIT INTERVIEW

The "Integrated FIT guide for MBB" has been recently published in PrepLounge´s shop (https://www.preplounge.com/en/shop/tests-2/integrated-fit-guide-for-mbb-34)

It provides an end-to-end preparation for all three MBB interviews, tackling each firms particularities and combining key concepts review and a hands-on methodology. Following the book, the candidate will prepare his/her stories by practicing with over 50 real questions and leveraging special frameworks and worksheets that guide step-by-step, developed by the author and her experience as a Master in Management professor and coach. Finally, as further guidance, the guide encompasses over 20 examples from real candidates.

You can see plenty of reviews from candidates who purchased it already.

Furthermore, you can find 2 free cases in the PrepL case regarding FIT preparation:

Intro and CV questions > https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/introduction-and-cv-questions-fit-interview-preparation-200

Motivational questions > https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/motivational-questions-fit-interview-preparation-201

Behavioural questions (ENTREPRENEURIAL DRIVE) >https://www.preplounge.com/en/management-consulting-cases/fit-interview/intermediate/behavioral-questions-entrepreneurial-drive-fit-interview-preparation-211

Feel free to PM me for disccount codes, since we still have some left from the launch! :)

2. BUSINESS CASE

As mentioned before, most of the cases you will find in research mirror the "classical consulting" interview:

1. Practice cases with partners asap, as many as you can do.Find experienced partners who can provide a good feedback

2. Practice your math skills, both in your cases and with ad hoc exercisess, such as:

1. ​Multiplying double digit numbers (https://www.youtube.com/watch?v=6ndkkPZYJHo

2. Leveraging math tools (Mimir math for iOS), Math tool on Viktor Cheng website to practice

Furthermore, you should practice as much as you can, and ensure that you cover:

1. Profitability cases- basic profitability framework.

2. Idea generation cases: for any specif issue

3. Growth cases: market penetration, new product launch, product mix change, etc.

4. Pricing cases

5. M&A cases

6. Valuation cases

7. Value chain cases

Of course you can also consider working with a coach to foster speed and ensure you have a tailored plan to be very targeted. PM me interested!

Hope it helps!

Cheers,

Clara

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Florian
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Content Creator
replied on Mar 16, 2021
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hey there,

In general, you should expect the same type of assessment. However, always clarify with HR in advance so you can prepare properly and there are no surprises!

In the McKinsey case interview you will have to answer three different questions types - broadly speaking:

  • Structuring
  • Exhibit Interpretation
  • Math

Now for Structure and Exhibit Interpretation, there is no right or wrong answer. Some answers are better than others because they are

  • deep
  • broad
  • insightful
  • hypothesis-driven
  • follow a strong communication (MECE, top-down, signposted)

That being said, there is no 100% that you can reach or the one-and-only solution/ answer. It is important that your answers display the characteristics specified above and supported well with arguments.

As for Math questions, usually, there are answers which are correct (not always 100% the same since some candidates simplify or round differently - which is ok), and others that are wrong, either due to the

  • calculation approach
  • calculation itself

Now, for the interviewer, the overall picture counts. Mistakes in one area need to be balanced by a strong performance in other areas. McKinsey wants to see spikes in performance in certain areas and a good enough performance in other areas.

The most common example I see almost every day: You can be strong in structure and exhibit, yet make a small mistake in the math section - overall as you might consider 80% - and still pass on to the next round.

On the matter of industry-specific or research-specific cases:

It will be a mix of cases in a domain-relevant context as well as cases set in a completely different context.

Be aware that frameworks were applicable in the 2000 years, the era of Victor Cheng and Case in Point. McK has long caught up on this and the cases you will get during the interviews are tailored in a way to test your creativity and ability to generate insights, not remember specific frameworks.

In fact, it will hurt you when you try to use a framework on a case that calls for a completely different approach. Also, it gives a false sense of security that will translate to stress once you figure out how your approach won't work during the real interview - I have seen this so many times...

Your goal should be to learn how to build issue trees, interpret charts, and perform math no matter the context, industry, or function of the case. I have a system for that, especially for McKinsey cases, that teaches you exactly this approach + a ton of exercises I give my coachees to progress their ability to come up with deep, broad, and insightful answers for each case individually.

As a second step, you will have to go through the PEI, which always consists of the same three stories and the associated dimensions (entrepreneurial drive, personal impact, inclusive leadership).

For each of these dimensions, prepare 2 stories that contain the right content and are communicated in the right way: https://strategycase.com/mckinsey-personal-experience-interview-the-only-post-you-need-to-read

My coaching program, consisting of 5 sessions is specifically tailored for McKinsey interviews and covers the McKinsey-specific cases and PEI questions so that you can be sure to be at your best on the big interview day. You will get the most effective approach at cracking both types of interviews with the firm. Let me know if you have any questions.

https://www.preplounge.com/en/profile.php?id=337437#coaching-package

Cheers,

Florian

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Ian
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Content Creator
replied on Mar 16, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

I would very much be prepared for both fit and casing. That said, please also check with HR what to expect...different positions/offices/timelines mean different proesses!

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Gaurav
Expert
Content Creator
replied on Mar 15, 2021
Ex-Mckinsey|Certified Career Coach |Placed 500+ candidates at MBB & other consultancies
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Clara gave the best answer

Clara

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McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
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