Case based reasoning stock market

Case based reasoning stock market

Author: alone On: 25.06.2017

The McKinsey Problem Solving Test also known as the McKinsey PST is a math computation, data interpretation and logical thinking test used by McKinsey to determine which candidates are granted a first round case interview. In general, candidates whose resumes McKinsey deems acceptable are invited to take the test. Based on feedback from hundreds of test takers, you must pass the test in order to get the interview. There are few to no exceptions to this rule. The reason McKinsey uses the test is because there are a certain set of numerical computation and logical thinking skills required to be successful in consulting.

While standardized math tests like the quantitative sections of the SAT, GRE, or GMAT do test math computational skills, it is possible to get perfect scores on these math tests but fail on the job in consulting. It's my interpretation that McKinsey developed the McKinsey Test in order to test those skills that regular math tests do not adequately evaluate.

In particular, these skills involve data interpretation and critical numerical reasoning. Now when I hear the words "data interpretation" and "critical numerical reasoning", it always reminds me of those college entrance exam tests that were challenging, seemingly arbitrary and pretty much not useful in the real world.

But, it turns out these skills actually have a very practical purpose while working as a consultant. In other words, you end up using these skills every single day as a consultant. And if you use these skills incorrectly, then either your manager or partner has to redo your work for you which means at some point you will get fired or the client notices the logical flaws in your work and it makes your firm, your partner and your manager look bad and of course means that at some point you're going to get fired.

Now you would think looking at a chart and writing a powerpoint headline is not a very difficult skill. I mean anyone can look at a chart and write a headline, but you would be surprised by how many people actually get the headline wrong. In other words, a LOT of aspiring consultants and even some first year consultants see that data and come to the WRONG conclusion.

From a McKinsey partner's point of view, it's a complete disaster if someone on your team lacks this skill It is such a big deal that McKinsey has gone to extensive effort to create this test and have thousands of candidates around the world take this problem solving test.

All of this effort is taken for the sole goal of hiring new consultants who can do 1 do math accurately, 2 do it quickly, and most importantly interpret data CORRECTLY.

No business background is needed to take the test, but being familiar with a few commonly used business terms is useful see the McKinsey PST Frequently Used Terms section of Part II of this Guide Below.

You are permitted to use pen, pencil or paper. No calculators or computing devices are permitted. Typically a graphical chart or table of numerical data is presented along with some descriptive text about a company or industry. The two most problem question types are:. A, B or C might be profit margins.

It might be figuring out which company's profits were larger two years ago. It might be calculating the difference in sales from today vs 2 years ago for two different companies - and figuring out which company had the bigger change. In the US, we call these "word problems". The purpose of these problems is to give you raw data and information conveyed in a text paragraph, and see if you can figure out the math equation needed to solve the problem.

Often the actual math computation isn't difficult its just addition, subtraction, multiplication or division; often math problems are based on percentages - growth rate, cost expressed as a percentage of sales, or profits as a percentage of sales, sales of this year vs 3 years ago expressed as a percentage.

Amongst those who pass the McKinsey Problem Solving Test, the consistent feedback was they finished with barely enough time. The most common reasons for making a mistake for a math word problem is misreading, misunderstanding, or misinterpreting the data presented or what the question was asking. The other big reason is computational error. When I took my first McKinsey PST practice test, I actually missed several problems. To be fair, I had a newborn baby in the house and was sleeping 3 hours a night at the time, and I made a LOT of careless errors.

I thought they were asking one thing, when they were really asking another. I rushed the computation, and made mistakes. The other type of question isn't computationally intensive, but rather tests your logic and critical reasoning skills.

You will be asked to refer to a chart or data table mini spreadsheet with numbers and asked some variation of the question: Which conclusion is correct?

The answers that are trickiest are ones that seem consistent with the data, but is NOT completely conclusive. In other words, you need to be able to look at the data and tell the difference between a factual conclusion vs. The biggest challenge for developing your problem solving skills is there aren't many McKinsey PST practice test that are at a difficult level equal to that of the actual McKinsey Problem Solving Test. For a full list of practice tests available online, fill out the McKinsey Practice Test List - Request Form below.

The first method is to practice the speed and accuracy of your arithmetic. The McK PST is a TIMED test. This is not the kind of math test designed to test the entire population of people with a wide range of math skills. It is intended to identify only those who are very good at math, logical thinking, etc If you are really good at math, you will finish the test BARELY. So even if you have a PhD in Physics or Math I'm being serious on thisit is VERY IMPORTANT you practice your math computations.

I get many, many emails from engineers who had 4. Your math computation skills are a muscle. The more you use it, the stronger it gets.

Keep in mind even if you calculate an integral effortlessly, it doesn't mean you can't make an error doing basic computations. This is a math practice tool that I developed for practicing: This tool compares your math accuracy and speed to other CaseInterview. This will help give you an idea of how your math skills compare with others; and whether or not you need to improve your math speed and accuracy to be competitive, or if you current skills are sufficient.

In addition to practicing math computations, you want to practice and develop your data interpretation skills. For data interpretation, the practice questions that most closely resemble PST questions are practice test questions from certain sections of the GRE.

In particular, I would recommend practice "word problems" and "data interpretation" type GRE questions. Keep in mind the actual McKinsey Problem Solving Test questions are harder and more sophisticated than the word problems and data interpretation questions in GRE.

Other times instead of presenting a straight forward problem, as you would see on the GRE, you'll see a more elaborate scenario or multi paragraph story with one or more charts where you have to figure out what information is irrelevant to the specific question at hand.

Remember, each chart is referenced by 4 - 5 questions. So for any ONE question, most of the information presented is NOT relevant to THAT particular question. But before you work your way up the elaborate questions, polishing your foundational skills in word problems and data interpretation is a good idea. The links above are affiliate links that help subsidize the cost of running this website.

Because GRE problems are much easier than the PST problems, you need to balance the nearly unlimited practice questions that are too easy available for the GRE vs. In addition, there are only a few PST practice tests available online for free. The other practice tests available including the ones I offer do have a fee. As of June 5,the GMAT is being revised to include a section on "Integrated Reasoning".

From my assessment, this section of the GMAT has many similarities to the McK PST. If anyone has any experience with this version of the GMAT or as the test prep guides are updated to reflect this new section of the GMAT, please post your experiences below and I will incorporate the feedback into a revision of this guide.

The consensus feedback from reader Field Reports is the actual McKinsey Test has a lot more reading than the samples posted above. My takeaway from this is that its important to read the questions FIRST, then read the text and charts.

Market-Based Title - TV Tropes

Keep in mind you are not reading a magazine article or a business school case. Your only mission is to answer the questions asked and to move on With that in mind, I recommend reading with a PURPOSE in mind, as opposed to just for general knowledge.

case based reasoning stock market

In other words, KNOW what you're looking for BEFORE you read. Then read carefully while hunting for the data you KNOW you will need to answer the questions. In Part II of the Definitive Guide to the McKinsey Problem Solving Test, you'll receive via email:. To receive these free resources, fill out the form below. The following comments are from one of my newsletter readers who took and passed the actual McKinsey Problem Solving Test.

By the way, just click the following link to receive my case interview preparation tips newsletter. The actual test does not match the practice test in terms of level of difficulty, but it cannot be said that it is harder. Some questions are harder, some are easier than those given in the practice test. But the practice test gives you a feel of the type of questions and timing.

I did a few things in particular to prepare that I thought would be useful, however they were more about the attitude than actual preparations for the test:. In terms of preparations, I only solved the practice test and then compared my answers to the correct ones. Then I worked out the wrong answers slowly to realize where did I go wrong.

When it comes to the attitude, it is important to go to the test with a positive attitude but with the expectation that very few are those who actually make it. Going with a "Why-not; let's take a shot" attitude will alleviate a good portion of the stress associated with the tight timing and will allow the candidate to think clearly. For business or economics students, just practice the sample and mind the time, you know the rest. This is my own experience as a business graduate. For non-business students, brush up on few quantitative business concepts before going to the test, it is said that it does not require a business knowledge, but definitely some business sense and acumen.

Stress will definitely play against you, RELAX the test can be completed in the allotted time, don't worry about it. You will be marking the 26th answer by the end of the last minute though. Make sure you complete all questions, there are no penalties; but this we know. What we don't know is, even when you are taking a question as a guess, the test is tailored such as it will allow you to take an informed guess which is correct; so use elimination and educated guesses to your advantage.

Very few people get into McKinsey, put this information into perspective and go to the test in a 'Game' frame of mind, enjoy it; it is nice and stimulating. Relax, breathe before starting the test and remember if you made it so far and your consulting resume caught McKinsey's accurate eye, it means you mostly have what it takes to pass.

Do not stress about the outcome of the test once you leave the room. Mckinsey will get back to you shortly; they have the best recruitment system in the world and they do not make people wait, I know people who knew the outcome as early as 24 hours after the test. They have a cut-off score, if you pass it, you're in for the interview process; you're not competing against anyone, you're only invited to stretch your own potential.

One last note I would like to add, you will get out of the McKinsey process feeling great, whatever the outcome is. These people are amazing, this company is extremely professional; and they make you feel appreciated and respected at every stage of the recruitment process, whether you make it or not. Concerning the PST test, I found that the best way to get the answer for a question is by applying a similar analysis to a case interview. That is, when asked about something, the best way is to actually think of a hypothesis and what kind of data is needed to give the answer.

And then look for the data in the text. I found that pretty useful. I felt like sharing this as a tip. Finally, if you haven't already requested part II of this guide to the McK PST, you can do so by filling out the form below. Thank you in advance. I wrote the test in London 2 weeks ago and passed it.

Waiting for my case coaching for the first round of interviews. I only practised their sample questions which is not exactly similar but gives you a feel of what to expect. I also followed their guide — I read the question and mentally marked out the imp words and then searched for the answers from the cases.

I can now say its actually possible to finish the test. Like someone mentioned i was shading the 26th answer when we were asked to stop. I hope someone finds this comment helpful. I just took the test at one of McKinsey offices in Asia. Frankly, it is really much harder than the sample test. Perhaps I am not a Science student, so I find it very tough. When I still have some memory of the test, I want to share with you some insights.

Hopefully, it will help your preparation. Try to practice your maths! Haiz, I spend so much time on some calculations…. Finally, it is very important to BRING YOUR WATCH: Hi Ivan, how did you do on the test?

Was the sample test help you a lot in solving the real test question? Does anyone know what score out of the 26 questions is required in order to advance? I found a pretty good source of Practice PST. You can have one free PST case.

After that, you have to pay. A pretty decent price if you are going hard for McKinsey. I purchased their cases prior to taking the PST but the level is really low.

I did use a website called Consulting Guru. They have a free case a real tough one and they have 5 full PSTs. They are definitely more expensive but after successfully passing the PSTs few says ago. I can say it was worth it. Hey tom, Could you give your email in order to contact you? I used the sample PST test materials from consultingcase to prep for my PST and found them actually pretty good.

I would love some more intel on the PST. Could you please write me at msantini at mclean. Hello gabriel, congrats for your test! Have you passed with McKinsey finally? Could you please send me some of PST you have? Thank you in advance! So definitely master speed read. I am taking the exam tomorrow. If someone has taken the exam recently can you please provide with insights that they consider are useful for my exam. I am taking the exam tomorrow and I am pretty nervous! When I first practiced the test I got 13 out of 26 wrong… due to overconfidence.

Now, after practicing, I think I can do all right. Wish me luck and will certainly type some insights tomorrow! Thanks for all the previous posts! Although once I was told the solution I found it relatively straightforward. I wish I had found ways to practice more though. Also skim through ALL the questions before you start the test.

I did not do that and I was caught by the time. If I had skimmed I would have sparred more time for questions where there was a lot of text, and which I did not do. Apart from that the questions are also pretty straightforward. Brice, Could you give me your email adress? I have the potentia test in 3 weeks Thanks.

Just completed the PST — will be hearing back on results tomorrow. It was a mad rush but that is no secret. Use the elimination method on the answer choices, and read the question before scanning the case for necessary information. Otherwise you will not have enough time. Overall I thought it was ok fingers crossed! There were many questions around logical deduction. Just heard back from McK regarding my PST result and i can say i am lucky to pass the test!

I applied for BA position in Indonesia office and did not have proper time to prepare. The tips given by VC are very helpful and make sure you have enough sleep before the test. The test itself, technically the same level with the sample they gave but with more reading part in it. I just googled around and found there are actually several very good Practice PSTs that are available online.

They are claimed to created by a few ex-McKinsey consultants: I will admit, I was nervous at the prospect of writing the PST but having read all your posts and visiting the various suggested links…I more at ease now and hope it will go well. Thanks to everyone for the posts,much appreciated. The three cases I had were: Freddie Shrimp, PharmCo and Gallery, the shrimp case has 3 really hard quant questions. These questions are probably placed there as a trap to suck up your time.

Just skip them or guess an answer. Could you give me your email since I would like to ask you some questions about cases. Just heard back from the Lagos office? How soon can one retake it? Can we please have a lil chat? Hi Mo, I have my PST scheduled for next week. I have done quite a bit of studying, however I only have access to about 4 sample PSTs.

Do you have any useful tips for me? On how the actual PST compares with the samples made accessible to us? If you are referring to the McKinsey provide PST samples, the difficulty level of the actual test is similar. Most people who pass are sure they did not because they were pressed for time.

The difficult level of the test is such that most people could pass if given enough time, so the time pressure is part of the test. One of the keys is to look at the question they are actually asking and before just making computations because you can, take a few seconds to ask yourself what is the MINIMAL level of computation needed to answer the question.

This saves a LOT of time. Part of what they are testing is if you can determine when you need to do all of the computations to answer a question, and when you do not. Also, I do have additional practice test samples available for an additional fee that I obtained from a 3rd party. These additional practice tests, including my videos of me actually taking a sample test while you watch and I explain what I am doing and why, are generally considered harder than the actual PST.

I also have my test this week, any luck with getting other practice questions, where are you based, perhaps we could share some information and agree to meet before our test. Hi Tosin, I have my test this week. Please share your recent experience. Can anyone please walk me through it? I must be overlooking something, the problem is driving me crazy… not to mention undermining the tiniest bit of confidence I built up.

Hi Hannah, Pass me the PetraEnergy PST, I will have a look for you. Hi Hannah, I see its been a while, but Ive been wondering if you could share the tip on the Petra question No9?

Im also wondering about how they calculated the profit margin. I took my PST today and passed they let me know about 10 minutes after the end of the test. The real test is neither easier nor more difficult than the sample one, imho. Maybe Fiji Cola is easier. I think the McK one is not easier, it just better prepared compared to those ones.

In the McK the right answer is just logical, in those ones may not be in my opinion. Hi, could you please send me your email address. Had some questions about the test. Could you tell me where you did you find other practice test like Cheap Air and PetraEnergy.

I found only test. Does the test involve a lot of tables of size 5 X 6 and above and we have to calculate market shares, percentages, efficiencies etc. Any tips in such situations? What are some the recent cases that people have got on the test?

Just to feel a bit familiar when on the hot seat. Has anyone really felt the need? The samples on McK website, most of the times, can be solved using just the question without really having to look much into the page-long writeup. Anyone shares this thought with me? I get too much bogged down by time and end up not being able to perform at all, though I am good with my calculations and can solve them once the time is up but that is of no use, you guys would agree.

Any tips to help me out please? Who the fastest in math? I noticed I improved much in fast calculations.

I am an engineer so not that bad with numbers but if you cannot improve math I think you can still improve confidence. I would say that arriving as confident as possible to the test helps being relaxed. I think the test is the same for several months not sure. If you can ask someone who took it which one is the simplest case there are three of them in the test you should start with the easy one. Starting with the easy one helps you being relaxed since you notice the numbers coming out from your calculations to be among the possible answers.

It means it is right and gives you confidence for the next questions. I had one of the cases on leasing. Since I was not confident with that I decided to skip to the next one and came back later. I think it helped. As I said, I was doing quite good on the McK samples but not good on the others. Keep in mind that they can help you but they are not good indicators of the final result.

For what it matters, and I know because I hated when people told me before the test, try to be as relaxed as possible. Bring a mechanical watch since nothing else will be allowed, practise with the same watch. I have been able to finish all the questions since I skipped one when I noticed I spent 3 minutes on that. When you practise, try to copy the answers as if you were actually doing the test: I have my PST tomorrow, and at this point I have solved the practice tests and the test.

Do you have a suggestion? In my test the second case was by far the most difficult. You only need to work on percentages but you probably already know. I tried to help since I think the best for us and the best for McK is to have the best people and it is stupid to be rejected for a reason like you prepared on the wrong things.

Other than that, we had three cases, although different to the ones mentioned so far, and much more text than in Kosher Franks. In fact I doubt anyone managed to read everything, it was in my opinion impossible. Anyway, I made it through and now I have my interviews. Good luck to the rest. I feel like they were a lot more difficult than the practice tests. Remember myself sitting by myself in this large conference room and laughing at myself for not being able to solve most of them.

Reading the text in my opinion can make a difference, especially when the wording of the multiple choice are very similar. However, reading the entire case still did make me perform well on the test. I had the same issue with the time. I skipped so many questions and guessed more than half the questions no kidding.

Strangely enough, although the test went horrible in my opinion, I just received a call while typing this message that I was invited for the second round. And FYI, the practice tests online as well as GMAT and GRE did not help me in preparing for the test, as the majority of questions I feel are business judgment questions. Just about everybody feels pressed for time. I just heard back from McK. Hi everyone, Just back from the test.

The test was really tough and you really do not get time to even put pen to paper. What I used was the process of elimination which worked for me in many cases that is what I think, will come to know the results tomorrow. Another thing I observed was to look out while answering because many times, the answer to a previous question was sort of mentioned as a premise for the next questions.

So in a way you can check whether you marked the one for that previous question — not sure if this is a fool-proof way. I made sure that I completed all questions and like M, I guessed many questions though I knew how to solve them but if I start solving them, it would definitely take more than two minutes.

In spite of this I was marking the last one when time was up. It is impossible to do any justice to the information available with the amount of charts and graphs given. This was my experience, nothing great, I do not have any hope but I am happy that I went through the process particularly because I come from a non-target school and got this chance only through very difficult networking.

Been two days for me now …. Hi Everyone, Just heard back. I did not clear the test. All the best to everyone still preparing. Thanks to everyone who helped me through their posts here. Well i just got the invitation for the PST and before now, i must admit i never saw the use thought it was too much a gamble. The best graduating student last year didnt go through.

Well Now I really just want a chance to fail and I am sure i will dissapoint myself. I rili love this forum. Relying heavily on materials from this site. Thanks to everyone that shared other resources. Hope to come back here with good news. How do you feel about the new GMAT section they are adding in June.

Do you think it will relate more closely to the McK PST type of test? Is it a new resource to study? From wise to buy royal mail shares little strategie spread trading forex available on the new GMAT, I would say it does seems to test some of the same skills as the McK PST.

I wanted to ask how you secured an interview from a non-target school, specifically, how did you network? Where did you go? Did you just contact people within McKinsey via email or phone? Could anyone who have passed test please tell me if it is really useful that I prepare the PST through Kaplan or Nova this latter seems to have better reviews on Amazon for GRE? I have been invited for the McK PST and I am taking it this thursday.

Reading through the comments from those who have taken the PST I realise time is the main issue. How exactly does one save time except from the elimination technique? Should I read the questions first or study the data first? Which is more time efficient? What particular business formulas are usually tested??

Any advice from those who have taken this test would be appreciated. Where are you taking your test? Pleeeeese report back afterwards I am sitting mine a few days after you!

I had the test today and somehow I passed it even though I have no idea how that happened. In my view there is definitely more 777 binary options questrade than in the sample tests.

The actual calculations are simple, it just takes time to actually understand exactly what is needed. Where did you take your test? Do you have any insights? Thank you for your reply. I found this http: Maybe it will be of help to others to practice with those integrated reasoning questions.

Can anyone who has completed the McK practice test please provide a solution for question 9? Can anyone who has completed the McK Practice test please share their thoughts on how to complete question 9? Hi Bobby, Q9 on the McK PST is answered as follows: The extra profit Fiji Cola makes is the profit generated from extra Cola sales minus additional costs including wages for the 2 new employees at Nadi.

I took the test in Belgium but only because it was more convenient than the actual office I am applying for. On several occasions ot was rather easy to immediately eliminate two options and focus on the remaining ones.

I got back to it at the end of the test. Although I managed to finish all the questions I definitely did not have time to think about something twice or check any of my calculations…. Hi Guys, im preparing for my PST, which I have tom! Thx for all the info here. Strangely, I also got a mail from the HR for my interview next week even though im yet to take spy option day trading PST!

I dont know what kind of bearing the PST is going to have on the overall interview process. Anybody heard of something like this? I thought PST is an elimination round. Could anyone give me more pst practice sources? Could you give me PetraEnergy link? I have a problem with question 2. Hence, there can 2000 dollars in the stock market two different answers to this question.

Let me explain this in detail. So, using this information, the solution calculates the new total student fees as All other revenue components are same as in Table 1. Now, instead of calculating the new total student fees, we calculate the increase in fees caused by pritchard stockbrokers nottingham in the number of students, and add it to the current total student fees, case based reasoning stock market get So, using two different methods, we get 2 different values for the new total student stock market simulation for students — This contradicts the total student fees mentioned in Table 1, which is m.

Had my MCK Test and was quite an interesting experience. First things first, it is doable. Victor God bless you said it, TIME is the biggest challenge in this test by far.

This element really separates those who are good and great. Here are some of my earnest money contract alaska If you can read a passage once or twice and recall the necessary information and the picture its painting it saves you way much time.

Your concentration has to be optimal. The pressure as a result of time is no joke, it really ncfm stock market all your abilities I had to go to the bathroom to get myself togetherhelped alot. The more relaxed you are the better you perform. The Test had a phenomenal amount of reading required, ALOT! And in total there were about 12 graphs to go woolworths ashgrove anzac day trading hours so best advice be well prepared as this helps boost confidence and speed which in turn helps you to relax.

Seems like as a result of the average applicant getting better at this because of people like Victor, Mck has had to respond by stepping things up a notch. Thanks you guys for sharing youre experience. I have a PST in a week time. I will admit, I was nervous at the prospect of writing the PST. They are claimed to created by a few ex-McKinsey consultants:.

Thanks to everyone for the posts, much appreciated. Hope it helps in your PST preparation: How did your PST go? Would you mind sharing your experience on it? Would you be willing to share the practice tests you have? If so, please email me at — kpandiy1 at jhmi dot edu. My concern is that I have recently been diagnosed with learning disabilities and am therefore given more time in university examination for legitimate reasons. What did you decide to do on this? Does anyone knows where to find the requested material?

Should it be sent to email or it can be found somewhere on he site. Since not everyone applies to McK and takes the PST, part 2 of the guide is email only to those who request it using the form above even if you have previously registered elsewhere.

Just took the PST a few days ago. I found this website and others useful. Most important thing is TIMING, but I suppose you already know. The 3 case studies were: Fashion retailer, luxury yacht manufacturer and an NPO.

I found the difficultly level more or less equivalent to the actual McKinsey practice tests. Economic effects stock market crash 1929 canada facts keep an eye on the clock. I was so worried about timing, demutualization outsider ownership and stock exchange performance empirical evidence I actually managed to complete the test 5 mins before time!

Daily U.S. Stock Market predictions made for one week as a higher day or lower day.

But had to guess 3 questions. Hi 5 days notice to PST, anyway — I am curious how the test is administered? Is it a computer test?

Is it pen and paper? I passed and got called in for an interview next Friday. For my PST prep, I worked through the sample PSTs on the McKinsey website. In addition to that I spent some time just doing random arithmetic on a piece of paper just to get my brain going how to make a - cash with non-repudiation and anonymity After getting used to using a calculator for simple math throughout college, my brain needed a little exercise.

If you find yourself spending 10 minutes doing crazy math, then just skip that question and move on. I finished my PST last Friday and I just got an email that I passed! Here is my experience in hope that it might help others. Contrary to what is reported by some of the previous comments, I think the real test is somewhat easier than the mock tests. I barely finished and scored horrible on the mock tests, but I think I had a much smoother experience with the real one.

I finished the three big cases within 15 min each and luckily had another 15 min to double check my calculations. First is to read the questions and answers first and speed-read the background information.

It saved me so much time after I began adopting this method since mock test B, compared with what I did with mock case A. If you have difficulty in determine the answer to one question, mark it and leave it till the end. Another piece of information that might be helpful to others: So very likely you will be solving different sets of problems from the candidate who sits beside you.

First of all, thanks to all for commenting on this site — and particularly to Victor for running it! Can someone explain that to me? Next week I am taking a the best forex signal indicator at BCG.

Does anyone have any experience in taking such a test. They only put 4 example questions on their website. This is a relatively new development. It would be great if you could post links to the sample questions you found and if you have any additional information after you take it, it would be great if you could share that as well.

You can find the questions in this link. The BCG questions look very similar to the McK test questions — at a minimum they definitely test the robots in binary options skills including:.

I took the BCG test last week. So quite a lot to do. Also, some of the reading was completely non-business related, e. Agree with Martin — I had the same test about 3 weeks ago. What I want to share with you is that test test is not as scary as you might think.

Just manage your stress and do what you do best. Hi Yekta, Just a small question. In the beginning of the year someone told me their PST test what is an earnest money check 3 cases: A manufacturer and seller of pleasure boat and yacht, which is thinking on going to the boat leasing business.

Go-Teach, a non profit organization that provides top college students with opportunities to teach in high schools, who wants to increase revenue. Hi again, Now, I am preparing myself for the next step which is Case Interview. They were great help for me as the start point.

I would like earn money online alertpay thanks Mr. Cheng for forex trading hours interactive brokers valuable and unsparing help and effort.

The case interview combined with the personal effectiveness interview which happens during the same hour is the next step in the process. There are multiple rounds of case interviews and each round often has multiple interviews. So if you pass round 1, you go to round 2 and in some countries you go to round 3 before getting an history of stock brokerage firms in kenya. My test had 23 questions and I had 45 minutes to finish it.

The most difficult thing about the test was that after every 3 or 4 questions you go to a new document but the other documents are still applicable. I find it really hard to find any additional materials on the BCG hi point 995 carbine folding stock. Hi all, I am preparing my self for the 1st round of McKinsey case interview.

So, I wonder what is the best way to prepare for the 1st round? It ll be great if someone can offer me, some schedule to prepare for the 1st round? After the PST, all the McKinsey rounds are largely the same. The interviewers tend to be more senior in the firm. Sorry for not being clearer earlier. Where can i buy flatstock posters, LOMS is making money with smithing 2016 highly recommended resource for McKinsey Round 1.

There are many McK style examples in LOMS which you should go through to get used to the format. Many candidates get hung up on format, as opposed to the underlying skills needed stock option valuation spreadsheet free download be successful.

The best practice is to both familiarize yourself with the format AND work to improve the underlying skills that Binary options scheme win formats attempt to evaluate. There is a free One-day-One-consulting-Question program on Facebook with daily questions similar to those on PST and Case Interview.

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Definitely check it out! Forex broker bahamas had my PST today. We had 25 questions and 70 minutes.

The questions were extremely tricky and for sure you had to be very carefull to find the best answer for each one. Every question had a chart or data table associated with the case and they were long and complicated.

BUT most of them were irrelevant to the question. For example, there was a question with data provided the of customers who shop from a store in the last 12 months and the question was about market share increase during the period of So be careful and read every choice.

Secondly, read the axis of the graph. Graphs were not answering the questions directly. I will keep you updated with the result.

Good luck to all. I have test on Wednesday and ordered several examples from the site yesterday. I thought it was quite easy to pay and get tests. So I spent half day today to clarify this situation. The service seems to be expensive, time-consuming and not very helpful in my case. Just chk stock marketwatch it in mind when you order tests.

I had the same experience as Buy bhp share australian dollars. I am mac user and was unable to access the file they promised. They promise a refund so hope this happens! Im sure the example is great but I couldnt access it! It is written in their invitation that it is gone take time from 9 — For more details, see:.

However, I thought that ways to make money as a freelance photographer numerical reasoning test might help to bolster that math in a practical context.

They are 30 questions to be finished in 30 minutes with the aid of a calculator. Are these tests even a beneficial use of my time?

I thought it would be better to do these first. Any advice would be gratefully received. I agree with your general approach. The PST requires numerically based critical reasoning which includes numerical computation. There are a lot more numerical computation practice resources than numerical critical reasoning forex.com forextrader pro the Mck PST format in particular.

Improve your computation skills elsewhere, then use the harder to find PST tests to practice the critical reasoning combined with numerical computation. Thank you so much for your reply. How long should these computation questions take without the use of a calculator? Also, thank you so much for all your help and resources.

Can we assume that graphs are DRAWN TO SCALE? For example, Kosher Franks, Exhibit 4, question For the current market, each age group segment has different shaded boxes with different HEIGHTSand 1, respectively. So, if they are drawn to scale, within 5 SECONDS we can answer that the white box age group is 1.

Of course, the trap is for us to understand that the Y-axis is in THOUSANDS. Otherwise, we would answer 1, households. Usually diagrams are drawn to scale. I did the interview 2 days ago. It included 3 case interviews with 3 different interviewers. Each of them took one hour. Each of the interviewer started the session with questioning about my experiences both educational and job experiences ; and then gave me a business case to solve.

The business cases were held in first round format, but just 2 or 3 questions were asked in each case. The main question was the mathematical one.

I did it once in the First Round case interview. Any one have any idea? I recently took the McKinsey PST on the 16th of this month. I was informed soon after that I had passed. A quick piece on my background: That was in —which is a really, really long time ago. When I started preparing for the PST my mental maths was horrific and the first McKinsey practice PST Kosher Frankies was impossible. I eventually bought his PST videos too. Two months later I turned up to McKinsey and took the PST.

My actual PST experience was very, very similar to those that many of the previous comments have mentioned. The questions are almost identical in form to the Mckinsey practice tests.

There were at least four multi-tier questions McK Practice Test A question 3, 15 and 17, McK Practice B question 15, McK Practice C question The data is set up to look like a balance sheet but for Leases. I know nothing about leases and I treated the data like it was a regular balance sheet.

I was extremely gutted to see that as I had no idea how forex market traders answer the questions. Happily my depression lasted only an hour as I pretty much immediately received the email indicating that I had passed. I treated it like a balance sheet and plugged and chugged the numbers and selected the answers that matched.

On the whole the questions are easier and cleaner than the practice tests but the proportions of the different types of questions actually make the exam a lot harder. Finally, thank you so much Victor. I am options binary trading uae grateful.

What other resources did you use to study? Most delta airlines stock market the practice cases are too expensive to pay for…. Then I bought the following book and worked through it: For these I limited myself to 10 minutes for every 5 question segment site with the game on the binary options 12 minutes to 6 questions etc.

Then I worked through the practice cases. I would leave the McKinsey practice tests to the end if you are not going to buy the Consulting Guru tests. You may not need to do as much as I did. Just do what you need to do. Damn… the money required to purchase the required resources are too high for a student.

While money can facilitate, your hard work can do that also. Ilyas, thanks for that great post. Did they also give you a 30 minute numeracy test along with the PST?? Sorry for the late reply. Perhaps Victor can throw some light on it. Although, I am making assumptions about your background too.

I have no idea what the numeracy tests is or what it contains. Good luck with your PST and Numeracy Test. Also, you should definitely post something here after you do your numeracy test so that others have some sort of idea of what to expect and maybe even Victor can prepare some materials for it too. Where can I access your videos for PST?? It seems they are being referred multiple times but I could not find a way to access them. Info on the PST tips videos can be found here: With regards to your earlier, question other than practice your making real money on imvu and take practice tests, the main other thing to work on is drawing conclusions from graphs, charts and data tables.

I have been asking around and it seem that some of the eu offices like italy and spain do an additional 30 minute numbers test.

Case Based Reasoning

Allegedly it is at the discretion of the office. I also just recently heard that mcK may be dropping the test for mMBAs this year. Although sadly I am an MBA and am still scheduled to take it on Modnay.

I am ok with that, I am just really starting to get nervous not knowing what kind of material I will see on Monday at Mckinsey.

It shocking that for all the people who have written here and seem to know so much about this test, not one person can tell us about the numeracy? I mean I asked around and I spoke to one guy who says its pretty much just like the gmat for numeracy.

The soccer mom in my career service dept knew more about this thing than you do! Seems like you are slipping bro… you wanna give us some real secrets tell us about this numeracy test that no one else seems to know about yet. Thats where the real value comes from. No one wants a coach who doesnt know the rules of the game right??

IF this is true, you want to practice you basic math operations and focus on accuracy and speed. My math practice tool at http: The PST does a reasonable job in assessing critical reasoning and data interpretation.

I took the PST today in an office in South America, and later received the good news I had cleared the test. Also, in response to some of the rumors above, I do have an MBA and was asked to do the test anyway, my test lasted 90 minutes I thought it was supposed to be 60? In terms of preparation, I practiced some math GMAT questions mostly because my math was a bit rustydid as many free practice tests I found online maybe 6 or 7?

I also did my preparation rituals really! Got to the site super early too and warmed up some math problems, and I was the only person taking the test. A few questions were much simpler, but there were some that were much more tougher and required a lot of calculations ma setting forex get to the answer.

Some of these I could not solve at all, but I did eliminate a few obviously wrong choices and took a guess. Maybe I had a lucky day. Looking forward to the case interviews now will do them in about hi point 995 carbine folding stock weeks time.

Hi X, Would you mind to graph exchange rate euro australian dollar me which office in South America you had your PST?

Was it a little bit different from the samples McKinsey tests? Good luck with your preparation! I dont want to invest my money and then get half of the tests that I was already able to download here. Can anyone who has take the test recently confirm please and also say which one of these was the easiest one ie.

Thanks a lot and good luck with the practicing!! Of the two sample tests you referenced, I have not seen them myself. The feedback I hear from others is they are much easier than the actual PST. The only PST sample test that I recommend are from Consulting Guru. I liked the test so much I took it myself and Ugh… it was hard, comunidad de traders forex I thought it definitely tests xforex india review kinds of skills I used while at McKinsey that I offer them on my website as well here:.

The price is that same as getting it directly from them, the difference is I include fairly detailed video tutorials and other tips on how to best prepare and practice for the PST when purchased through my site. The practice time varies a lot by person. You can also try to get practice test for the new GMAT with the Integrated Reasoning section. Hope it will be helpful! Good luck to everyone who takes the PST!

Could you please share with us your experiences, and any specific hints? Also, as you wrote it best: Just taking a moment to thank the community here, I passed the PST. My views — PST on a scale of 1 — 10 is 7 if GRE comes at 5.

Factor in time and it becomes 9. Hi Everybody, I have the PST next week in Paris. I have done the Cheap Air PST, does anyone of you have the solutions?

They apparently removed them from the website! They replace with a new one: I just took it, this one looks quite similar to those of McKinsey. Is this what you talked about, Gordon? Hey dudes, can anyone share the cheap air case with me by email: Does the PST or recruitment process for an internship differs from the one when envelope mailing make money stuffing uk apply for a job?

Historically, the evaluation process for internships vs full-time within the same type of hiring e. I applied to the summer internship position this year 3d year undergraduatebut could not pass PST. It is not very clear from the web-site, whether can I apply again next year for a full-time graduate position of Business Analyst again, or do I have to wait for 24 months before I can send my application again.

I would suggest applying again. Hi guys, is there any one that can help me where to find PST to chicago title earnest money before the test, please.

I applied to McKinsey 2 weeks ago. There was no mention of a test. Do they test and interview you on the same day? When I applied to McK in I was given the PST that is now the Practice Test B on the McKinsey website. Back then there was only the Practice Test A sample.

So, unless they changed the type of questions or level of difficulty, the actual test looks like the sample ones. By the way, I passed the test but then failed on the interviews. I did not forex club ios Victor Cheng back then eheh.

If I apply again after months do you know if I have to do the PST again? Perhaps others can comment. Francisco, In Russia they didnt ask for PST the second time but it was 8 years ago. And PST is the easiest part of the process. Here is my take on the McKinsey PST I took yesterday Maysome people might find it helpful:. The test consists of three cases luxury women apparel manufacturer, boat manufacturer and a charity focused on placement of graduates-teachers from poor backgrounds into secondary schools.

I have read on some thread that these cases have been seen already in January so I guess the test does not change too often although there might be several variations of it. Volume of questions is evenly spread across the three cases. One thing I did notice was that there was substantial amount of the questions that sounded hard, but the answer was parabolic sar strategy for binary options given in the text e.

You got two pie charts breaking down sales of the market, a chart with financials of different companies and additional text with numbers of customers of the different firms, and the question was: Also, the amount of info that is actually useless for answering any question was bigger than in the practice PSTs, i. Personally, I found the first case the hardest, especially because there was a table with info that I never really encountered before results from a questionnaire given to customers of different firms, whose answers were broken down according where else these customers shop — I cant really describe this any better shows how much I actually understood the problem hahaso if I took the test again, I would do the first case last.

All the other problems were presented in pie charts, bar charts, flowcharts and line charts, nothing too hard. Math-wise I believe the test was easier than an average caseinterview-reader would expect. Only one question involved substantial calculations I skipped it for forex probe finds reasonsother questions were somewhat easy to estimate.

Prep-wise I would advise the following: They will now feel much easier, you will gain the necessary confidence for the D-day and gold buyers stockton california will also fix the answering structure into your is bse stock market open monday. If you have some time to prepare and have issues with reading all the text in the tests in the given time, it might be a good idea to buy LOMS before you take the actual PST i.

Personally, I skipped 4 questions, finished the test after 55mins, then went back to the unanswered ones. Bear in mind that, unless you are a prodigy, you will feel like there is no way on the planet that you can pass the test once you are like 25mins in the test. This is normal feeling, the test is structured that way. If you think about it, unless you are the aforementioned prodigy the best feeling you can have immediately post the test is that you have no idea how you did, simply because most of the questions are not straightforward although the logic in answering them usually is.

Therefore, try your best to keep it together during the test. On this note, Victor, thank you for all the helpful resources on this website, I find them much more comprehensive and useful than on other websites. I have final round in 3 weeks.

Thanks for sharing such detailed feedback for everyone else to benefit from. Good luck on final round! I am not sure if I will get an interview call or how I did on the test but this is an advice for people who will be taking the test in the future. I wrote the PST in South Africa a few weeks back and got the same set of questions that Boris refers to. I just went to have fun and test my mettle. Anyhow all I wanted to add was that the practice tests do help and see if you can get hold of recent ones because they may repeat things.

I have recently applied for a Junior Research Analyst position with McKinsey, a part time student job, that I would like to pursue together with my PhD studies and have been invited for numerical test writing.

I assume that this type of test is not the PST. Is my assumption correct? If so, what type of questions do you think I will be exposed to? At one end of the possibile formats would be the PST, at the other end it would be more like a simplified version of the GRE math test.

The former tests data analysis and drawing logical conclusions, what mainline consultants need to do. I know a couple of people that sat the PST recently and were given 75 mins 15 extra because they are not native English speakers.

Does anyone have additional info on this? As a non-native speaker, should I demand the extra time when I take the test?

The McKinsey PST practice tests I offer are available here: How are you doing? I posted the question below almost 3 weeks ago. Since nobody has replied I am trying again in the hope that it will go better this time.

They would be concerned you would use the same attitude with clients, and it would cause them to reconsider whether to interview you at all. Many thanks for your efforts to create such a helpful web-recourse!

Or I will be going through case studies interviews directly? Historically, it was for all applicants. More recently, I am hearing rumors that with the new GMAT including questions that overlap with the PST, that some MBA applicants who report the new GMAT score have been exempt. The tests themselves are the same.

In the bundle I offer at http: This video is only available in the bundle available on this website. Most people can pass the test given enough time. The hard part is passing the test under the time constraint. Very few people who do pass thought they passed. All felt like they barely had enough time. The videos show the short way. As far as I can tell, that exact cut off is not disclosed publicly. Nobody I know finished more than 1 -2 minutes early.

I have a question. How would I go about getting a summer internship at a top consulting company? Is the interview process the same as the process for a job application? I filled out the application on the website two days ago and got an invitation to interview this morning. They want me to do the PST test in like 2 weeks. I took the PST successfully back in July. It was the same as previous commentators said — one case each on luxury retail, a boat manufacturer and a charity.

A few takeaways on Prep: The tests on the McKinsey website are very reflective of the actual test. It is worth taking the time to understand why each answer on these is the correct one. I thought chart literacy and critical reasoning were key; to this end, the Integrated Reasoning and Critical Reasoning sections on the GMAT are useful prep tools 3.

As Victor mentioned in one of his videos, most people could pass this test if they had sufficient prep and unlimited time. Unfortunately, there are limited resources available in prepping for the PST.

I do think his tests were a bit harder and more data-intensive than the real exam, so worth bearing that in mind as well. As for the test, I found the key skill to passing was the ability to eliminate answers.

The amount of math I did was much less than I had done in my prep because I was able to eliminate answers. This was in part helped by identifying the incorrect assumptions associated with the wrong answers. Time-wise, I was able to finish the exam.

Overall, I would say that there is a particular method and logical approach to taking the test successfully. Hi guys, I have been to a PST test this year already. Not any more women luxury, boat leasing and Teaching. I can just tell you what I still remember until this day. First case was Pharmaceutical company want to sell diabetic preventing medicine oral or insulin in China.

They interviewed some doctors in different cities for setting proper price. The second case was, a country in Asia who wants to transportation system role model.

There were different types of vehicles described. Questions were focused on these vehicles, what shall the country do, etc.

The third case was instruction bundles textbooks plus other things for schools. Different states have different budgets. Also schools would like to buy only textbooks next year, then how many more textbook does the company need to sell in order to have the same revenue.

Less calculation this year, but more interpretation. I hope this can give you guys some general feeling about what the cases are this year. Hi Sisi, thank you for sharing the info about the PST cases. I just sat the PST Oct and passed.

Just wanted to share my experiences. The actual PST was easier than the websites, not by much though. Time was still the biggest issue and there was huge pressure.

The actual cases do not matter so hence I have not elaborated. He uses the http: I found the actual PST absolutely useless, here is why: Theses PSTs were heavy in technical knowledge for a novice. And really put me off. However, buying from Victor is absolutely gold as you get 3 videos on a strategy to take the test. This is what got me over. Getting to each question with a structure and smashing it: I cannot stress how important his videos are!

As I said, I have no business background. I applied to McK at the last minute and had not prepared very much. McK is indeed very efficient at recruiting so you will get a response within a week.

Once I was told I got past the CV screen I started preparing. This was 6 days before the test. As linked in this article. I did the word problems and quickly reviewed my math skills esp. The skills came in handy but had to be refreshed. Whenever I did the PSTs, either fresh or a resit, it was always timed. And never use a calculator. Just wanted to say that I took the PST this morning Nov and I passed. I was absolutely petrified because I took some practice tests that I scored poorly on at first.

Here is some advice I can offer to those who are taking it. I would say the difficulty level is exactly the same. Use these and the resources listed above by Victor as your primary resource to prepare and you should be fine on the big day.

The reason is because there are some easier questions that you should prioritize getting correct instead. If you run out of time and have to fill in A for the last 5 or 6 questions, you will kick yourself if you see that actually they were questions you could have answered if you had more time. Try not to panic. The nice thing about the cut off score is that you are simply stretching your own potential.

You can do it! I think mcKinsey PST test is much easier than indian national level aptitude tests like CAT,XAT I myself have scored 99th percentile,questions are extremely tough and over 2 lakh people vouch for few seats.

Only thing that is tough for people is to get through interviews reason being communication skills. I applied at McK and they invited ne to take a test via phone. They told me that I will have to take just one problem solving Case and that the Interview will last approximately 45 min.

Do you have any idea what kind of test that might be? Any experience on cases via phone? Anyone taken the PST recently? Can you please share your experience?

Am taking the PST in a few weeks and having taken the practice tests am only averaging around questions out of I was only able to find the edition, which does not have the same chapter titles. Which of the following chapters from the edition would you recommend reviewing to prepare? Part 1 Quantitative Reasoning: I would suggest focusing on Part 1, Sections iii and IV.

Both skills are used quite frequently in consulting. If you need practice for basic arithmetic, I would recommend using my case interview math practice tool at http: It provides timed arithmetic practice and will compare your speed an accuracy to all other users by percentile rank and versus my own speed and accuracy.

The questions were around the same 3 cases somebody else in May mentioned above luxury women apparel manufacturer, boat manufacturer and a charity focused on placement of graduates-teachers from poor backgrounds into secondary schools. I believe they have about 6 different forms going on though, watch out. PRACTICE, PRACTICE and PRACTICE.

And…Good luck for you all!

PST today, the same case as someone shared before. I didnot pass it. Just 3 days for preparation. May need more practice. There are not a lot of calculation. A lot of logic questions. Hope u guys good luck. Planning to apply to McK India office. Have over 6 years of consulting experience in a Big 4 Consulting Firm. I am an experienced professional with 14 years on different sectors.

I will take the PST in some days here in Brazil. Does anyone know if the PST in Brazil is also in the English language? Svetlana, you can launch Windows applications on Mac.

Use standard application, called BootCamp. More important and or more actionable than the cut off score is actually being able to finish the test. Nearly everyone who has taken it — both those how passed and those who did not — all comment on how they finished with barely enough time. Many if not most people who passed did not feel they did well. Most people who take he test are capable of a high score, but not within the time alotted.

Many people answer the question they thought they read, but not the actual question that was asked. Again, do not be more precise than is needed. Darn, will it work with Boot Camp support? Yes if you have windows via bootcamp it should work.

I personally use windows through VMware comparable to bootcamp and it works well. This past weekend I learned that a friend of mine, and a contact of hers, were not required to take PST, and skipped into Case Interviews straight away.

Both people are engineers and have worked as engineering contractors. And were both recruited by the Germany office, alas, for different positions. Under which circumstances would a candidate get cleared for PST automatically?

The PST mainly tests the ability to interpret data to draw accurate logical conclusions and computational thinking. Also I do think the newer GMAT version is more similar to the PST than the old GMAT version. This merely my speculation. I have no data on this. Hi Victor, Thanks first for your efforts.

I did not get the rational explaining why the answer should be D. May you please help understanding better? I also think that if Delimart will rely on these vendors, why are we still talking about the best-selling product of Delimart? I am writing from Scandinavia. I will be applying for a job at McKinsey soon.

On their Norwegian website they say nothing about the PST. I also talked with some McKinsey consultants about the recruiting process and they did non mention the PST. Do you know if the PST in part of the application process in Scandinavia? I do not know what the policy is in Scandinavia. Recruiting practices may vary from one region to another, one season to another the new season just startedand by level and type of education.

I would suggest checking the website for the office you are considering. They will usually outline the process. Also, if you are able to reach a recruiting coordinator on the phone, generally they will gladly answer your questions. Thank you for your suggestions. I have purchased some of your resources and they have been of great help so far. Here is my case: I applied over the McK career website for research analyst in two offices in Eastern Europe Wroclaw and Zagreb.

After a quick and polite refuse from Wroclaw and no answer yet from the other, 10 days after I applied I got mail from McK Budapest. They said that they are interested in my application and offer me to try for Banking Market Analyst unannounced in the website!

It goes without saying that it is great to be acknowledged by McK, BUT: What should I expect then and how should I prepare? Any information and insights about this one? Finally, we agreed that I will sit the test on October 2 in Bucharest office for proximity reasons and if I am successful, the excel test will be on the next day. So if Viktor or anyone have some advice, I will be happy to see it! Hello, what happened to your application?

Dynamic adaptive ensemble case-based reasoning

I started preparing for the PST as soon as I submitted my application for the Associate role about 3 weeks in advance. Prior to this point I had not done any form of even basic Maths since BSc 5 years ago.

The first time I tried the practice PST, I couldnt believe how badly I scored, 13 of the 26 questions. I also spent time studying basic business principles and the associated calculations e. I went back to studying the practice PSTs. And then write a full page on the insights I gathered from that particular test. For me, this was a way to let the info sink in. On the day of the actual PST, I felt so ill yes my nerves get the better of me at written exams, and I have always felt this way since high schoolI was so close to cancelling and rescheduling later.

I definitely felt horrible after the test. In the end, I got the email yesterday saying I passed the PST! I absolutely could not believe it!. Anyway all the excitement is gone now, I tend to do really well in interviews, but I may have scaled through the easiest part of the process.

Goodluck to anyone taking the PST! Congratulations on passing the PST. I have mine tomorrow and I have had less than 4 days to prepare because my test came as short notice. I have been thinking about the option of cancelling the test but it is one of those things I would rather do and get over. I am not excellent on maths and I have been scoring low on the few practice questions I have taken. Do you have any suggestions as to what I should be focusing on. Any tips on what your test questions were would also be useful.

I am planning to apply for McKinsey in Germany. Also I found a MathTool and several BrainTeasers on PrepLounge. Has anyone else here taken the PST in Germany yet? Is it different from other PST tests? I read that in Germany the PST is part of the first round interview process, i.

Thank you for sharing your tips and experience. I recently passed the McKinsey PST and thought of sharing my experience to guide those who will be taking the test. I studied each item why I got the correct answer or not. This is really important because this will practice your mindset on how to answer PST questions. This worked out really well for me. I remembered there is one item that is really easy to find the answer but have to do a long calculation as the choices are really close to each other.

Think I used up about 3mins but I got 1 point! This website is a big help to me. I found myself relaxed during the test and I am surprised about this. If you think you have to do some long calculation, make a guesstimate and get back to it later. Guesstimate for me is that you still have a basis why that is your answer. Is this true in all cases? What made this conclusion false? Thanks to Victor and to the people who shared their experience that that feeling is normal.

Has anybody done the McK PST recently? Could you share your experience? I am prepping for mine next week. Seems really quiet here on this forum. Please share with us the type of scenarios cases you had.

Would be helpful to know what the scenarios this year are. You can ask me other questions though. I took the test like 5m ago.

I am going to take the PST in one week in Italian office. I discovered that they changed the modus operandi. Now it is composed by 70 minutes for 26 questions of PST in English before it was in Italian plus a 15 minutes of math test. Has anyone experienced this new math test? Any suggestions about the type of exercises? I will take the test in one month or so help! Did you pass it? How was the math?

Has anyone recently taken the PST or gone through the recruiting process with the London office? Any feedback would be much appreciated. I have been invited to take the PST a month from now for the london office, at which point they said they would schedule 2 interviews, if I pass it. Seems like a lengthy time frame.

I was invited for PST on last Thursday, did it on Friday. Since I had less than 24 hours to prepare I did only two sample tests and read this guidance, but passed the test. You really just have to read it carefully and understand the questions but most of them were not particularly hard. The best you can do is not overpreparing, just go there and give your smartest form. Good luck for everyone!

I will have two more rounds with 3 associates and then 2 partners. Applied in the CEE region. This is my first time visiting your site. I am absolutely mindblown by the quality of the content that you have provided.

Thank you for investing the time and effort into this site. Would someone share an advice on how to find a bulletproof, deterministic approach some of the questions in the official Practice Test B?

I believe it can also help others to perform better at a real test. Which of the following statements can you conclude from the data in Table 3? As we can see from the table, all the cost types are listed: We can conclude it from the following facts: Here is how conclusion can be made: If such posts are not unwelcome here Victor?

Following from my previous comment dated October 8, at 2: Similarly, what can be bulletproof, deterministic approach that definitely results in the original answer and undoubtedly eliminates any other?

Which of the following facts does NOT explain the difference in future prescription pharmaceutical sales trends in the emerging markets versus sales in the past 4 years? A The proportion of government spending dedicated to healthcare is expected to increase in emerging markets B Preventative vaccination for major diseases, such as Polio and Tuberculosis, has been much more successful in emergent markets in recent years C Personal income levels have improved in emerging markets over the last five years, which has led to a significant increase in smoking and alcohol consumption D The number of doctors per person is expected to grow at least twice as quickly in emerging markets ———————.

As we need something that contradicts to a rapid increase in pharma sales in USD, the choice between A and B is extremely non-obvious for me. Eg I heard that there are some contraindications for vaccination, which calls for seeing a doctor prior to vaccination.

Following from my earlier comment dated October 8, at 2: Again, what can be bulletproof, deterministic approach that definitely results in the original answer and undoubtedly eliminates any other? Given Exhibit 2, which of the following statements, if true, would NOT help the team determine the ease of access for PharmaCo in each market? A The greater the share of market for the company, the harder it is for the company to increase revenue B The greater the profit margin for the company, the harder it is for the company to increase profits C The better the company is performing, the more risky it is to make any changes t the company D The worse the company is performing, the more likely it is that there are good opportunities for it to grow ———————.

First, I wonder how these questions are related to the specific map of countries. Should we consider it merely as an illustration, or some of its data should be actively used while answering 21 eg seemingly existant positive correlation between market share and profit margin? In the latter case, how is the test-taker supposed to use it?

So C is not too unrelevant for determining ease of access. Growth is more likely about market share than about profitability, but not exclusively market share only. Have you tried Mock Test A Innovation capital?

In my opinion, it has even more such questionable-reasoning questions. I think Mock Test C Mail-it has less of those and more clear logic and math-oriented questions. Actually, one more question to consider for context, see earlier message dated October 8, at 2: Responses A and B only address the economic benefit to date and do not address the future for funding[1].

Response D does not address the issue of economic benefit at all. Also, from general business judgement I would more likely give money to someone who already achieved even if something moderate rather than to someone else who only promises future benefits even if their expectations are stellar.

And to assess the benefit that already exists, A and B give much more solid support than C. Hi Guys, I am going to have a PST in a week time, Anyone of you that recently took the test or currently taking the test, and would like to chat re: Also I would like to get any recommendation which website you are using to purchase more PST tests if at all?

Have you already had your PST? If yes, could you kindly share your experience please? Which country have you applied for, if it is not a secret? Have you had your PST or not yet? I am looking for some advices from those who already passed the test. McKinsey Problem Solving Test - PST. The Definitive Guide to the McKinsey Problem Solving Test PST Part 1 of 2 Hint: Bookmark This Page - It's Long The McKinsey Problem Solving Test also known as the McKinsey PST is a math computation, data interpretation and logical thinking test used by McKinsey to determine which candidates are granted a first round case interview.

Why the McKinsey PST Exists The reason McKinsey uses the test is because there are a certain set of numerical computation and logical thinking skills required to be successful in consulting. These skills allow you to: In short, being able to solve problems logically is a BIG DEAL.

The two most problem question types are: What makes the word problem difficult is a Time, b Time, c Time. Tips for Passing the McKinsey PST Skim the questions FIRST to get a feel for what you will be asked, THEN read the data table or chart. This allows you to get some idea of what you should be paying attention to while you look at the data or read the text. Read the text descriptions and the questions VERY CAREFULLY. Take the questions literally. I made the mistake of assuming some of the questions were commonly used business analysis and jumped ahead to calculate what I assumed they were asking.

What I should have done was look at what they were LITERALLY asking and just answer what they asked. If your math computation skills are rusty, practice your math accuracy and speed. You do not have a lot of time to double check your computations on every problem. Some people don't have time to double check their computations at all. The more you're absolutely certain your math skills are accurate and quick, the more time you'll have to actually answer all the questions.

The easiest way to do this is to immediately eliminate the answer options that are clearly wrong. Then BE CAREFUL in looking at the remaining options. For data interpretation question, one thing to ask yourself is "Is this conclusion correct under ALL scenarios? For example, if you think B is the right answer because it is the conclusion you think is supported by the data, you should ask yourself "Are there any scenarios I can think of where conclusion B is not correct?

Bring a watch to time yourself - do not assume every testing room has a clock. McKinsey Problem Solving Test - 3 Ways to Prepare The biggest challenge for developing your problem solving skills is there aren't many McKinsey PST practice test that are at a difficult level equal to that of the actual McKinsey Problem Solving Test. There are three approaches you can take to prepare for PST: Practice Computations The first method is to practice the speed and accuracy of your arithmetic.

Practice Data Interpretation For data interpretation, the practice questions that most closely resemble PST questions are practice test questions from certain sections of the GRE. The links above are affiliate links that help subsidize the cost of running this website Because GRE problems are much easier than the PST problems, you need to balance the nearly unlimited practice questions that are too easy available for the GRE vs.

Take McKinsey PST Practice Tests The following are links to a few McKinsey PST Practice Tests. Links to Free Problem Solving Test Samples: Get Part II of the Definitive Guide to the McKinsey Problem Solving Test In Part II of the Definitive Guide to the McKinsey Problem Solving Test, you'll receive via email: A glossary of commonly used business terms and their mathematical definitions An expanded list of high quality, practice tests for the McKinsey PST Tips on the McKinsey PST and Case Interviews To receive these free resources, fill out the form below.

Esteban Sep 30, I also have to prepare the exame do you know some other Problem Solving Test besides, Fiji and Kosher Franks, tests? Carlos Seminario Nov 26,4:

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