In this post, we're going to get you up to speed on the McKinsey & Co. personal experience interview, often abbreviated as the PEI for short. While the PEI really isn't that different than the fit portions of interviews at other elite consulting firms like BCG or Bain & Co., it does have some unique aspects and true to McKinsey form, they've standardized the delivery of it more than their peer firms have.
We'll cover the following:
Let's jump in!
McKinsey is pretty upfront about what the PEI is designed to test for. In fact, they even have a pretty extensive list of the core traits they want to see demonstrated posted on their careers page, which you can check out. What we'll do in this post is go a step deeper: we'll walk through each of the traits McKinsey calls out and explicitly talk about what they'd like to see demonstrated.
McKinsey wants to see that you're capable of, and have a track record of, leading important initiatives and teams. Why? If they hire you, pretty soon you are going to find yourself leading analyses, work streams, client meetings, teams and the list goes on. While it's really tough to assess leadership quality on the spot, asking about leadership is enlightening because McKinsey can see what high pressure environments candidates have put themselves in, and how they were able to lead in those circumstances.
As with most parts of the McKinsey PEI, quality is much more important than quantity. Simply listing off a laundry list of club VP roles or team leadership positions you've held isn't going to yield great results. McKinsey will be much more interested in a deep dive on a specific leadership experience, especially if you can clearly articulate the key challenges you faced in that role, how you approached them and the results that you achieved.
Put simply, the life of a consultant isn't easy. Clients approach McKinsey with their toughest challenges -- the ones that are so tough that they've decided it's worth paying $1M or more to get expert counsel on them. As a result, McKinsey looks for candidates who have a strong internal drive that is going to help surmount the myriad challenges they might face.
Thus, McKinsey likes to see evidence of strong drive from candidates in their past educational, extracurricular and professional experiences. Demonstrating drive in an interview scenario can be tough, but two questions can help you identify the right anecdotes. First, which career experiences can you point to where your abscence would have yielded a dramatically different (eg worse) outcome? Second, in which of those scenarios did you encounter a series of challenging hurdles that you resolved to drive a positive outcome? If you can find stories with great answers to the aformentioned questions, you'll be in good shape for demonstrating drive.
Personal impact is the most cryptic of the four traits McKinsey lists. While it's not cryptic in isolation, it's fair to wonder what exactly McKinsey means by personal impact that is distinct from leadership, drive or problem solving. While we'd agree this isn't quite MECE (to use another of McKinsey's favorite concepts), they're looking insights into how you might have a large impact in McKinsey-like scenarios.
What exactly are those scenarios? McKinsey consultants do a lot of analysis, but even more importantly, they have to sell their analysis to their clients and convince them that they're right. This often takes sales skills, talent in navigating organizational politics and finding ways to affect change in large organizations that can sometimes be quite resistant to it. Thus, when McKinsey says personal impact, they're looking to see how a candidate has uniquely driven change within a challenging environment.
Problem solving is a classic consulting trait and it's one of the "no brainer" ones that McKinsey will assess all candidates on. While this often gets tested extensively in the case portion of the interviews, McKinsey can and will probe for anecdotes of how you've problem solved in work environments as well.
Here, it's important to not only demonstrate how you've solved challenging problems in the past, but also how you've collaborated with various teams to do so. Consulting is a team sport and on the job, McKinsey will expect you be a strong collaborator with your manager, partners, teammates and clients. Thus, while the case portion of the interview is ideal for showing your individual problem solving skills, the PEI portion can be ideal for demonstrating how you can problem solve collaboratively as well.
In the previous section, we walked through the four key traits McKinsey calls out on its career page. That's a great start to understanding this type of interview, but to take it a step further, we sat down with Amar Shibli, a former McKinsey Engagement Manager who spent time in the McKinsey SF and NYC offices, to get additional context.
Shibli reiterated the four key traits McKinsey wants to see but highlighted two key points that are critical for candidates to understand about the PEI.
Although the questions might feel tricky at the time, Shibli notes that McKinsey isn't actively trying to trip up candidates. What the firm really wants to understand is what the candidate is like at his/her best. As a result, McKinsey interviewers will often probe and ask a lot of follow up questions to really understand what actions the candidate took in any given situation, what the candidate was thinking and how those actions directly led to a positive result. Finally, due to the focus on "best self," Shibli stresses that it's unlikely for McKinsey to ask about career failures.
Finally, Shibli notes that applied insights make for the best PEI anecdotes. He defines applied insight as a situation where the candidate has worked to uncovered true insight and then navigated the complicated internal politics and/or roadblocks of an organization to get it applied for a positive result. Often times, candidates can get tripped up thinking that they need to share stories about the most analytically intensive work they've ever done, but that's not accurate. As Shibli points out, a really great Excel model with twenty-eight different tabs isn't that impressive if it isn’t used as a tool to drive real change and make real impact at your place of work. Simply creating a great analytical model isn't enough, McKinsey wants to hear about the details of how you put the insights from that to work.
The number of questions a McKinsey interviewer could ask you in the PEI interview is seemingly endless. But, now that you've covered what traits they're looking for and understand what they really mean, you've got a deep foundation to base your responses on.
As you're preparing for your McKinsey PEI interviews, or even BCG or Bain fit interviews, here are some common questions you can keep in mind and practice on.
When preparing for the McKinsey PEI, many candidates mistakenly think they'll need ten or more different anecdotes so they'll have a different anecdote they can share in each interview. Preparing that many anecdotes can be a lot of work - and it's not even really necessary for two key reasons.
Real interview drills. Sample answers from ex-McKinsey, BCG and Bain consultants. Plus technique overviews and premium 1-on-1 Expert coaching.