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How do I prepare for an internship at McKinsey?

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How do I prepare for an internship at McKinsey?

McKinsey Internship

  1. Step 1: Build up skills and qualifications.
  2. Step 2: Build networks early on.
  3. Step 3: Pass resume and cover letter screening.
  4. Step 4: Pass the McKinsey PST test.
  5. Step 5: Pass the McKinsey PEI interview.
  6. Step 6: Pass the McKinsey case interview.

What percentage of McKinsey applicants get interviews?

Your resume, with a cover letter, is the first step to a very lucrative job at McKinsey. Yet, less than 15\% of applicants receive a call for an interview.

How do I prepare for a summer internship interview?

Top Internship Interviewing Tips

  1. Be Prepared.
  2. Make a Good First Impression.
  3. Emphasize Your Skills and Accomplishments.
  4. Provide the Interviewer With Examples of Your Skills.
  5. Understand the Question Before Answering.
  6. Follow the Interviewer’s Lead.
  7. Emphasize the Positive.
  8. Bring Samples of Your Work.
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How do I prepare for a McKinsey interview?

1. Preparation tips

  1. Tip #1: Start early.
  2. Tip #2: Learn the fundamentals.
  3. Tip #3: Practice with peers.
  4. Tip #4: Always use the same step-by-step approach.
  5. Tip #5: Keep it up.
  6. Tip #6: Listen carefully and ask clarification questions.
  7. Tip #7: Structure, structure, structure.
  8. Tip #8: Don’t reuse frameworks.

What does BCG look for in candidates?

BCG describes ideal candidates as “passionate, open-minded individuals” with “curiosity to ask the right questions, the courage and creativity to blaze new paths, the ability to collaborate with colleagues and clients, and the leadership skills to transform your ideas into action.”

Does McKinsey call to reject?

McKinsey always answers back to candidates that go through interview rounds, whether it is positive or negative. In case it is negative, one of the people who interviewed the candidate will give specific feedback on how to improve. In case it is positive, well… it’s worth the wait!

How many people pass McKinsey first round?

In other words, 33\% of applicants who sent their CV and cover letter are invited to take the McKinsey PST. Out of this group, 33\% manage to pass the test and are invited to the first round of interviews where again only 33\% are successful.

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How hard is it to get an interview at McKinsey?

How Hard Is It to Land a Job at McKinsey? According to a recent interview, the firm accepts only 2,000 out of 200,000 applications. This means you only have a one percent chance of getting hired. However, this should not deter you if you feel you have the right skills and experience.

How do I ace my BCG interview?

There are six major steps to solving any BCG case interview.

  1. Understand the case. The case will begin with the interviewer giving you the case information.
  2. Verify the objective.
  3. Create a framework.
  4. Develop a hypothesis.
  5. Test your hypothesis.
  6. Deliver a recommendation.

How long does it take to get a job at McKinsey?

From the time you apply until the moment you accept the job offer, you will have to progress through a series of steps in the McKinsey recruitment process. McKinsey Recruitment Process – Business Analyst Most of the time, this process takes between 2x and 3x months, with often 14 days between steps on average.

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How much does McKinsey pay for an MBA internship?

And the duration of McKinsey’s MBA internships is usually around 10 weeks during the summer. To summarise, you can expect to earn about $32k in total, during a 10-week MBA-level internship with McKinsey & Company. This is an impressive rate, which is neck-and-neck with the compensation offered at BCG and Bain.

When do applications for McKinsey summer internships close?

At the undergrad level, applications for summer internship positions typically close in mid-October. There may be some exceptions to this, but generally, if you want to get into a McKinsey summer internship, you’re going to need to submit your application by the second or third week of October.

What is the success rate of McKinsey interviews?

Assuming a 33\% success rate at the four steps of the recruiting process described above, we estimate that McKinsey interviews about 21,000 candidates every year and that they extend a job offer to about 2,200 of them. If you have been invited to a first round interview with McKinsey, you therefore have a 10\% chance of getting an offer.