McKinsey & Company Intern Interview Questions, Process, and Tips

Suggested innovative ideas to increase revenues for an e-commerce website selling jewellery, fashion products and apparel majorly for women.

• Introduce a loyalty program to retain customers and encourage repeat purchases

• Collaborate with social media influencers to promote the products and increase brand awareness

• Offer personalized styling services to customers to enhance their shopping experience

• Expand the product range ...read more

Identify problems and suggest solutions to turnaround a single screen cinema hall in Mumbai.

• Analyze the current financial situation and identify the main reasons for the losses

• Evaluate the competition and market trends in the cinema industry

• Improve the cinema hall's infrastructure and amenities to attract more customers

• Implement effective marketing strategies to increase footfall and ticket sales

• Diversify revenue strea...read more

Guesstimate on the number of commerce graduates passing out from Chennai annually.

• Approximately 20% of the total students in Chennai opt for commerce courses.

• Chennai has around 50 colleges offering commerce courses.

• Assuming an average of 200 students per college, around 10,000 students pass out as commerce graduates every year.

I am a motivated and enthusiastic individual with a strong passion for learning and gaining practical experience in the field of [internship field].

• I am currently pursuing a degree in [relevant field] at [university name].

• I have completed several relevant coursework and projects, including [specific examples].

• I have also gained practical experience through internships at [company/organization name], where I worked on [...read more

There are approximately 10 million tennis players in India. Assuming each player has 3 tennis balls, there are around 30 million tennis balls in India.

• Estimate the number of tennis players in India

• Assume each player has 3 tennis balls on average

• Multiply the number of players by 3 to get an estimate of the total number of tennis balls in India

Valuation of revenue streams for an Indian Super League Team

• Identify and analyze the different revenue streams of the Indian Super League team

• Quantify the financial value of each revenue stream

• Consider factors such as ticket sales, sponsorship deals, merchandise sales, broadcasting rights, etc.

• Use financial models and projections to estimate the potential growth and profitability of each revenue stream

• Compare the valua...read more

Theatre allows me to express my creativity, develop strong communication skills, and collaborate with a diverse group of individuals.

• Theatre provides a platform for self-expression and creativity.

• It helps in developing strong communication and public speaking skills.

• Collaboration in theatre fosters teamwork and the ability to work with diverse individuals.

• Theatre teaches empathy and understanding by exploring different...read more

B-school taught me theoretical concepts while internship gave me practical experience.

• B-school provided me with a strong foundation in business concepts such as finance, marketing, and operations.

• Internship allowed me to apply these concepts in a real-world setting and gain hands-on experience.

• B-school taught me how to analyze case studies and develop strategic plans.

• Internship taught me how to work in a team, communic...read more

I can assist with various aspects of theater production and performance.

• Assist with set design and construction

• Help with lighting and sound setup

• Provide costume and makeup assistance

• Act in productions or provide coaching for actors

• Assist with marketing and promotion of shows

I will promote theatre by creating engaging content, collaborating with other theatre groups, and utilizing social media.

• Create unique and captivating plays that will attract audiences

• Collaborate with other theatre groups to expand reach and network

• Utilize social media platforms to promote upcoming shows and events

• Offer discounts and promotions to encourage attendance

• Host workshops and events to engage with the communi...read more

To open a theatre school, a plan needs to be chalked out. Here are some pointers.

• Research the demand for theatre education in the area

• Identify potential locations for the school

• Develop a curriculum and hire qualified instructors

• Secure funding through grants, donations, or investors

• Market the school to attract students

• Establish partnerships with local theatres for performance opportunities

To boost manufacturing in India, the MAKE in India campaign can be improved by focusing on infrastructure, skill development, and ease of doing business.

• Invest in building world-class infrastructure to attract foreign investors

• Provide training and skill development programs to enhance the quality of the workforce

• Simplify regulations and procedures to make it easier for businesses to operate in India

• Encourage innovation...read more

Investing in eco cars can improve cash flow and benefit the environment.

• Investing in eco cars can lead to reduced fuel costs and maintenance expenses.

• Introducing eco cars can also improve the country's air quality and reduce carbon emissions.

• Government incentives can encourage consumers to purchase eco cars, further boosting the market.

• However, the initial investment in infrastructure and production may be costly.

• A tho...read more

Expected sales of iPhone 6 in India

• Consider the market size and demand for Apple products in India

• Analyze the sales figures of previous iPhone models in India

• Take into account the pricing strategy and competition from other smartphone brands

• Factor in the impact of COVID-19 on consumer spending and supply chain disruptions

• Approximate sales figures could range from 1-2 million units

To continuously learn, grow, and make a positive impact in my chosen field.

• Continuously learn and acquire new skills

• Set clear and achievable goals

• Make a positive impact in chosen field

• Seek opportunities for growth and advancement

• Contribute to the success of the organization

IIML has been an enriching experience so far.

• IIML has provided me with a rigorous academic curriculum.

• The faculty at IIML is highly knowledgeable and experienced.

• I have had the opportunity to interact with diverse and talented peers.

• The campus infrastructure and facilities are top-notch.

• IIML has also offered various industry interactions and guest lectures.

• I have been able to participate in extracurricular activities a...read more

The single screen cinema is facing losses due to internal cost issues.

• Revenue streams: ticket sales, concessions (food and beverages), advertising

• Cost streams: employee salaries, food vending expenses, maintenance costs

• Examples of revenue streams: ticket sales revenue, revenue from selling food and beverages, revenue from advertising partnerships

• Examples of cost streams: salaries of employees involved in food vending a...read more

Be kind, curious, and never stop learning.

• Always be kind to others and treat them with respect.

• Stay curious and never stop asking questions.

• Embrace learning and try new things.

• Believe in yourself and never give up.

• Be patient and understanding with yourself and others.

• Take care of your health and well-being.

• Have fun and enjoy the journey of life.

My biggest learnings from work experiences

• Importance of effective communication in a team setting

• Adaptability and flexibility in handling different tasks and challenges

• Time management and prioritization of tasks

• Building strong professional relationships and networking

• Continuous learning and skill development

An MBA will enhance my skills and knowledge to advance my career and achieve my long-term goals.

• To gain a deeper understanding of business operations and strategy

• To develop leadership and management skills

• To expand my professional network and gain exposure to diverse industries

• To pivot my career towards a new industry or function

• To achieve my long-term career goals

• Example: I have worked in marketing for several years a...read more

Variable expenses of a hotel are costs that change with occupancy levels, while fixed expenses remain constant.

• Variable expenses include housekeeping, laundry, and guest amenities.

• Fixed expenses include rent, property taxes, and insurance.

• As occupancy levels increase, variable expenses will also increase.

• Fixed expenses can be spread out over a larger number of guests, reducing the cost per guest.

• Understanding the diffe...read more

To reduce setup cost of a hotel company, focus on optimizing procurement, outsourcing non-core activities, and utilizing technology.

• Optimize procurement by negotiating better deals with suppliers and using bulk purchasing

• Outsource non-core activities such as laundry, landscaping, and maintenance to reduce staffing costs

• Utilize technology to automate processes and reduce manual labor, such as implementing self-check-in ...read more

I am a highly motivated individual with a passion for learning and a strong work ethic.

• I have a Bachelor's degree in Computer Science

• I have completed several internships in software development

• I am proficient in programming languages such as Java and Python

• I am a quick learner and enjoy taking on new challenges

My biggest failure was not standing up for myself in a toxic work environment.

• I allowed my boss to belittle and undermine me in front of colleagues.

• I didn't speak up when I was given unfair workloads and deadlines.

• I didn't seek help or support from HR or colleagues.

• I eventually became burnt out and had to leave the job.

• I learned the importance of setting boundaries and advocating for myself in the workplace.

To make MadeInIndia campaign successful, PM Modi should focus on improving infrastructure, promoting innovation, and encouraging exports.

• Invest in building world-class infrastructure to support manufacturing and exports

• Promote innovation and R&D to improve product quality and competitiveness

• Encourage exports by providing incentives and reducing trade barriers

• Collaborate with industry leaders to identify and address cha...read more

Around 1 million iPhone 6 units may be sold in India post launch.

• Sales will depend on pricing and marketing strategies

• Apple has a loyal customer base in India

• Competition from other smartphone brands may affect sales

• Previous iPhone models have seen good sales in India

• Demand may be higher in urban areas compared to rural areas

To control PDS kerosene leakages in petrol pumps, strict monitoring and enforcement of regulations is necessary.

• Regular inspections of petrol pumps to check for leakages

• Installation of proper equipment to prevent leakages

• Strict penalties for petrol pump owners found guilty of leakages

• Training of petrol pump staff on proper handling of kerosene

• Encouraging consumers to report any leakages they observe

• Collaboration betwee...read more

Estimated revenue for NEUFC (ISL team) for 1 year

• Revenue depends on various factors like ticket sales, sponsorships, merchandise sales, etc.

• Previous year's revenue can be used as a reference point

• Assuming an average revenue growth rate of 10%, the estimated revenue for NEUFC for 1 year could be around X amount