McKinsey & Company Interview Questions and Answers

It started with the basic introduction and the interviewer gave me a mini case.

Uber wants to launch chopper service in Mumbai, should they do it and if yes, what should be the pricing strategy?

(20 minutes)
I confirmed the case by iterating the case back. I asked some preliminary questions such as if they are the first one to launch such a service, what is the range of their service. I listed the potential market barriers and clarified the operating model (Company owned chopper or leased one).

I asked him about the initial pricing to ascertain if this business would be economically viable and he provided me a figure.

Identifying the expenditure from this transport mode helped me in identifying the earnings of such customers. I concluded that consumers in that earning band would rather prefer having their own chopper and might not want to have an uber service.

A firm with retail store chain (with basically 2 set of products) wanted to increase their forecast accuracy.

(30 minutes)
They initially asked me about the causes of poor accuracy and then they provided me a list of 5 different technology providers for accuracy improvement. They had the initial investment, promised forecast accuracy, yearly charge and some more data. I was asked to recommend the best out of them.

I asked them what is the payback period the client is looking for.

I compared the expected increase in revenue due to the improved forecast and the cost of investment to identify the best solution. The process included some number crunching, so I made sure how I arrive to a particular figure by breaking them into smaller pieces and keeping them informed about each calculation.

This round tested me on my analytical, decision making, and communication skills.

Q1. This round started with my introduction and the interviewee asked me questions from my CV mostly from my work in TSL. He deep dived into many of my CV points to understand about my work. (25 minutes)
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Excel test
Logical Reasoning test
Quantitative aptitude test

An extensive case study for the corporate tax team that includes knowledge of US GAAP and transfer pricing.

Q1. What are the fundamental accounting concepts, accounting entries, and the applicable tax rates for various services?
Ans. 
Fundamental accounting concepts, entries, and tax rates for various services.
• Fundamental accounting concepts include accrual basis, matching principle, and consistency.

• Accounting entries for services typically involve recognizing revenue and recording expenses.

• Applicable tax rates vary depending on the type of service and the jurisdiction.

• For example, consulting services may be subject to a different tax rate than soft...read more
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Q2. What is your understanding of transfer pricing and its applicability?
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within a company.
• Transfer pricing is used to determine the cost of goods and services transferred between different divisions or subsidiaries of a company.

• It is important for multinational companies to establish transfer pricing to ensure fair pricing and compliance with tax regulations.

• Transfer pricing can impact a company's...read more
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Q1. What is the amount of data you have managed in your previous roles?
Ans. 
I have managed large volumes of data in my previous roles, ranging from terabytes to petabytes.
• Managed terabytes of data in previous roles

• Handled petabytes of data in data analysis projects

• Experience with data storage and retrieval systems

• Utilized data management tools and techniques

• Implemented data governance policies and procedures
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Q2. Which ERP software have you worked with?
Ans. 
I have worked with SAP ERP software extensively in my previous roles.
• Extensive experience with SAP ERP software

• Proficient in modules such as Finance, Supply Chain, and HR

• Implemented custom solutions and integrations with SAP ERP

• Trained team members on using SAP ERP effectively
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Q1. What are your salary expectations and how do you approach negotiations?
Ans. 
I approach negotiations by researching industry standards and emphasizing my value to the company.
• Research industry standards for the position to determine a reasonable salary range.

• Highlight your skills, experience, and achievements that make you a valuable asset to the company.

• Be prepared to discuss and negotiate benefits and other perks in addition to salary.

• Stay professional and respectful during negotiations to ma...read more
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Q2. What is your preferred joining date and the notice period required by your current organization?
Ans. 
My preferred joining date is in one month and my notice period is two weeks.
• Preferred joining date: one month from now

• Notice period required by current organization: two weeks

• Flexible with joining date if needed
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The aptitude test was interesting, Had a bunch of fun puzzles

Q1. Tell me about yourself
Ans. 
I am a detail-oriented business analyst with a strong background in data analysis and problem-solving.
• Experienced in gathering and analyzing business requirements

• Skilled in creating data models and visualizations

• Proficient in using tools like SQL, Excel, and Tableau

• Strong communication and presentation skills

• Certified in business analysis (e.g. CBAP)
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Q2. Where do you see yourself in 5 years
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Q1. Fit interview with PEI
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