McKinsey & Company Interview Questions and Answers

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
Ans. 
In five years, I envision myself as a senior business analyst, leading projects and mentoring junior analysts to drive impactful solutions.
• I aim to deepen my expertise in data analysis and visualization tools, such as Tableau and Power BI, to enhance decision-making processes.

• I plan to take on leadership roles in cross-functional teams, ensuring that business requirements are effectively translated into actionable stra...read more
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Q1. What is a computer?
Ans. 
A computer is an electronic device that processes data, performing calculations and executing instructions to solve problems.
• Computers can be classified into various types: desktops, laptops, tablets, and servers.

• They consist of hardware (physical components) and software (programs and applications).

• Examples of hardware include the CPU, RAM, hard drives, and input/output devices like keyboards and monitors.

• Software exa...read more
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Q2. Improve the skills
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Q1. Fit interview with PEI
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