article thumbnail

Minimum Efficient Scale

CaseInterview.com

Today, I want to introduce you to (or perhaps remind you of) the concept of the minimum efficient scale. For example, Amazon is able to process and deliver its customers’ orders very efficiently because of its “scale.”. The concept of “minimum efficient scale” is less well known and is a less-used term. Minimum efficient scale.

article thumbnail

Personal Experience Interview - McKinsey PEI

CaseInterview.com

At consulting firms like McKinsey, you will receive a personal experience interview (or McKinsey PEI). Sometimes an entire interview is devoted to these types of questions. Other times, you will receive 10 - 15 minutes of these kinds of questions before you get a case interview. First, let's step back for a moment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Book Review: The McKinsey Way

Management Consulted

Today, we continue our series of book reviews with a look at The McKinsey Way , a book written by a former Associate at McKinsey, Ethan M. Rasiel, who is also the co-author of The McKinsey Mind. Does The McKinsey Way deserve that lower rating? The McKinsey way of working to solve business problems.

McKinsey 213
article thumbnail

Case Interview Glossary

CaseInterview.com

It occurred to me that this is a somewhat time-consuming process and maybe not the most efficient if you’re trying to learn in just a few days. The idea is, if you were to discuss industry consolidation in a case interview, you would have an intuitive and conceptual idea of what typically happens in these situations.

article thumbnail

The Top 5 Reasons why an MBA will help you break into McKinsey

Management Consulted

Do you need to have an MBA to break into McKinsey? The short answer is no – you do not have to have an MBA to break into McKinsey. Didn’t Michael Wolf, former Director of McKinsey’s Global Media & Entertainment Practice, do it with a BA in international politics from Columbia? McKinsey hires MBAs – it’s a fact.

McKinsey 100
article thumbnail

Advanced Case Interviews – A Video Overview

Management Consulted

Now that you have a basic understanding of case interviews – you know their purpose, format, and structure – it’s time to move on to the meatier topics. Because of that, nailing the case interviews is a challenge. Top interviewers make use of a variety of tools that enable them to master the case interview.

article thumbnail

How to Pass the McKinsey Problem Solving Game

CaseInterview.com

In the case interview process for McKinsey, one of the early evaluations is “Solve,” McKinsey’s digital assessment game (formerly called the McKinsey Problem Solving Game). This game evaluates the candidate’s ability to solve problems efficiently and think critically. What Is McKinsey's Digital Assessment Game?