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McKinsey case interview: practice cases with worked examples (2026)

How the McKinsey case interview runs, four interviewer-led practice cases worked through their first exhibit, the question types you will face, and where the PEI and Solve fit.

Updated 20 Oct 2026By the PartnerRound team17 min read

TL;DR

  • The McKinsey case interview is commonly interviewer-led: the interviewer asks one question at a time, and each answer is marked on its own.
  • Each interview commonly pairs a case of about 25 to 35 minutes with a PEI story, and many candidates take the Solve online assessment first. Check your invitation.
  • The question types are predictable: structure, brainstorm, exhibit, calculation, estimate and recommendation. Answer the one you were asked, add the so-what, then stop.
  • Train on interviewer-led cases out loud with paper maths and no calculator, and build your PEI story bank alongside.
  • Start with Nordwind Airlines below, then Kingsmere Hospitals, Atlas Logistics and Northvale Energy.
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McKinseyNordwind Airlines: the vanishing marginProfitability · Medium

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Hear the case, answer by voice or text and get scored on every step.

Interviewer

Our client is Nordwind Airlines, a short-haul carrier operating out of northern Europe. Over the past three years passenger numbers have grown 18%, but operating profit has fallen by roughly 40%. The CEO wants to understand what is driving this and what to do about it. How would you approach the problem?

On this page
  1. How the McKinsey case interview works
  2. McKinsey practice cases at a glance
  3. How McKinsey differs from BCG and Bain
  4. The question types in a McKinsey case
  5. Worked examples: Nordwind Airlines and Kingsmere Hospitals
  6. Worked examples: Atlas Logistics and Northvale Energy
  7. The PEI and the Solve assessment
  8. Self-check: are you ready for a McKinsey case?
  9. How to use these practice cases

How the McKinsey case interview works

A McKinsey case interview is an interviewer-led business problem. The interviewer describes a client situation, then takes you through it one question at a time: a structure, an exhibit or two, some maths, perhaps a brainstorm and a closing recommendation. Each interview commonly runs for about an hour and pairs one case, often 25 to 35 minutes, with a Personal Experience Interview (PEI). Candidates commonly face two interviews in a first round and two or three in a final round with partners, and many first take McKinsey's online Solve assessment. Formats vary by office, role and year, so check your invitation.

Interviewer-led changes what good looks like. You do not decide what to analyse next; the interviewer does. That makes every question a separate test. A strong answer is short, structured and finished with a so-what, and then you stop and let the interviewer steer. Candidates also commonly report that calculators are not allowed, so the maths happens on paper, out loud.

One McKinsey interview, as commonly run
  1. 01PEIOne story, probed in depth
  2. 02PromptNote the numbers, ask two or three questions
  3. 03StructureA minute to think, then your tree
  4. 04QuestionsExhibits, maths and ideas, one at a time
  5. 05RecommendationAnswer first, in about a minute
The McKinsey process, as commonly described
StageWhat happensWhat to prepare
ApplicationCV and cover letter, screened for the office and roleAchievements written with numbers and your own part in them
SolveAn online, game-based problem-solving assessment, commonly sent after your application is reviewedFamiliarity with the games, so your time goes on the problem
First roundCommonly two interviews, each a case plus a PEIInterviewer-led cases out loud and six to ten PEI stories
Final roundCommonly two or three interviews, often with partners, in the same formatThe same skills, with sharper synthesis and judgement

McKinsey practice cases at a glance

Our library has four cases written in the McKinsey style: interviewer-led, one question at a time, with numbered exhibits handed over as the case moves on. Each has a guided walkthrough with feedback on every answer, and each can be run live with the AI interviewer.

Four McKinsey-style cases
Case (style, industry)Questions and exhibitsWhat you calculate
Nordwind Airlines: a vanishing margin (profitability, aviation, medium)8 questions (3 calculations, 1 multiple choice, 4 open) and 4 exhibits: two tables, a column chart, a line chartThe revenue cost of a fare cut, a unit-cost rise on today's volume, the fleet needed at a different utilisation
Kingsmere Hospitals: the surgery waiting list (operations, healthcare, medium)8 questions (3 calculations, 1 multiple choice, 4 open) and 4 exhibits: a line chart, two tables, a bar chartTheatre capacity from utilisation, bed capacity from occupancy and length of stay, the activity a fix delivers
Atlas Logistics: a last-mile acquisition (M&A, transport and logistics, hard)9 questions (3 calculations, 2 multiple choice, 4 open) and 4 exhibits: two tables, a bar chart, a line chartAn EBITDA multiple, the saving from removing a markup, the multiple after synergies
Northvale Energy: a motorway charging network (market entry, energy, hard)9 questions (4 calculations, 1 multiple choice, 4 open) and 4 exhibits: a line chart, two tables, a bar chartA 2030 market size, payback on one hub, the volume a hub needs to clear the hurdle, the plan's blended payback

Start with Nordwind: its maths is single-step and its exhibits are clean. Atlas and Northvale are harder, with multi-step maths and a judgement call at the end.

How McKinsey differs from BCG and Bain

All three firms test the same core skills: structure, maths, reading data and judgement. What differs is who drives, how much data you get and how fit is tested. Read this table as a tendency, not a rule: interviewers vary, and every firm uses every case type.

McKinsey, BCG and Bain case interviews, as commonly described
McKinseyBCGBain
Case formatInterviewer-led: one question at a timeCommonly candidate-led: you say what to look at nextCommonly candidate-led, often conversational
Exhibit densityCommonly one to three exhibits, each with a clear pointOften several, some dense, some with data you don't needCommonly a few simple charts or tables
Maths emphasisPrecise paper maths, commonly without a calculatorCalculations you choose and set up from the exhibitsPractical maths: profit, breakeven, payback
Business judgementBrainstorms and 'what would you do?', pushed for structureWhy this analysis, and what it would changeCommercial instinct: what you would tell the CEO
Fit and behaviouralThe PEI: one story per interview, probed in depthQuestions on your experience, commonly shorter than a PEIFit weighted heavily: motivation and teamwork stories
Online testSolve, in many officesCasey or another test, in some officesSOVA or another test, in some offices
Typical practice-case themesProfitability, operations, M&A, market entry, public sectorPricing, growth, competitive response, profitabilityProfitability, growth, private equity due diligence

If you are interviewing with more than one firm, practise both rhythms. Our BCG case interview guide covers driving a case yourself and evolving a hypothesis across exhibits.

The question types in a McKinsey case

An interviewer-led case is a chain of distinct question types, each marked on its own. Work out which one you are being asked, answer that, and stop.

Question types and how to train each
Question typeWhat is assessedWhere to practise
'How would you approach this?'A structure built for this client, MECE at the top level, with a clear place to startIssue trees and MECE
'What could explain this?' or 'What ideas do you have?'Breadth organised into buckets, then a view on which ideas matter mostStructured brainstorming
'What does this exhibit tell you?'The one insight that matters, found fast, with its implicationReading charts drills
A calculationSetup said aloud, clean paper maths, the right units, a sanity check and a so-whatProfit and margin drills
An estimate or market sizeA logical chain, rounded assumptions and a check against realityMarket sizing
'What would you tell the CEO?'Answer first, three reasons with numbers, risks and next stepsExecutive synthesis drills
'A rival opening nearby could take 15% of a shop's 300 cups a day, at $4 a cup. What is the annual revenue at risk?'

Weak

After a long silence: 'About $65,700.'

Strong

'Volume at risk is 15% of 300, so 45 cups a day. At $4 that is $180 a day, or about $66,000 a year over 365 days. That is 15% of the shop's roughly $438,000 of revenue, so it matters for this shop. I'd want to know how many of our other shops sit near the new rival.'

Why: Both numbers are right. The strong answer shows its setup so the interviewer can follow it, rounds sensibly, sizes the result against something the client cares about and offers one next step. Then it stops and lets the interviewer choose.

Tables & exhibits drill

Calculate

Nordwind-style exhibit maths: take each cost line's change in dollars, not in percent.

Unit cost rose from $37 to $41. What share of the increase came from materials?

Cost per unit, $
Cost line20232024
Materials1618
Labour1212.5
Freight34.5
Overhead66
Total3741

Client cost model

%

Worked examples: Nordwind Airlines and Kingsmere Hospitals

Each worked example takes a case to the end of its first exhibit: prompt, structure, exhibit, first calculations and the hypothesis you would say out loud. The rest is yours to play.

Nordwind Airlines: the vanishing margin

The prompt. Nordwind is a short-haul carrier in northern Europe. Over three years passengers have grown 18%, but operating profit has fallen by roughly 40%. The CEO wants to know why and what to do. Management blames a new low-cost entrant's fares.

A structure that fits. Split profit into revenue and cost, then make the cost side airline-specific. A growing airline's costs must be compared per flight, and they behave in three ways: some grow with time, some with each turnaround and some with flying.

Nordwind issue tree
Operating profit down about 40%
  • Revenue
    • Passengers: flights × seats × load factor
    • Average fare: entrant, market, route mix
  • Cost per flight
    • Time-driven: aircraft ownership, crew
    • Turn-driven: ground handling, airport charges
    • Flying-driven: fuel, maintenance
  • Operating drivers
    • Turnaround time and utilisation
    • Capacity added vs demand
Exhibit 1: Nordwind at a glance, 2022 vs 2025
20222025Change
Passengers (m)19.222.7+18%
Average fare (EUR)7168-4%
Revenue (EUR m)1,3631,544+13%
Operating costs (EUR m)1,2111,453+20%
Operating profit (EUR m)15291-40%
Flights ('000)142178+25%
Average load factor88%84%-4 pts

First calculations. Test management's hypothesis before accepting it. The average fare fell EUR 3, so on 2025's 22.7m passengers the lower fare cost EUR 3 × 22.7m = EUR 68.1m of revenue. That is real money. But revenue still grew EUR 181m (EUR 1,363m to EUR 1,544m), while operating costs grew EUR 242m (EUR 1,211m to EUR 1,453m). The EUR 61m profit fall is costs outgrowing revenue, 20% against 13%. Note one more line: flights grew 25% for 18% more passengers, so load factor fell from 88% to 84%.

McKinsey logo

McKinseyNordwind Airlines: the vanishing marginProfitability · Medium

Nordwind Airlines: the vanishing margin

The best first McKinsey-style case. Play it guided first, then live with the AI interviewer.

Interviewer

Our client is Nordwind Airlines, a short-haul carrier operating out of northern Europe. Over the past three years passenger numbers have grown 18%, but operating profit has fallen by roughly 40%. The CEO wants to understand what is driving this and what to do about it. How would you approach the problem?

Kingsmere Hospitals: the surgery waiting list

The prompt. Kingsmere is a public hospital trust with two acute hospitals. Its waiting list for planned surgery has grown from about 6,700 to 9,600 patients in three years, and the board is about to approve GBP 9m for two new operating theatres. The chief executive wants to know what is really limiting surgical activity and what it would take to fix it.

A structure that fits. This is a capacity problem, so follow the patient. Name each stage, give it a capacity in one unit (operations a year) and look for the stage with the least. Treat the two theatres as an option to test, not the starting point.

The surgical pathway, stage by stage
  1. 01DemandPatients added to the list
  2. 02Pre-opFit and ready on the day?
  3. 03TheatreSessions × utilisation ÷ minutes per case
  4. 04Post-op bedBeds, occupancy, length of stay
  5. 05DischargeThe bed freed for the next patient
Exhibit 1: Patients added to the waiting list vs operations done, per year (from a line chart)
YearPatients addedOperations doneWaiting list at year end
202212,40012,6006,700
202312,80012,3007,200
202413,10012,1008,200
202513,40012,0009,600

First calculations. The list moves by the gap between the lines: in 2025, 13,400 added minus 12,000 done is 1,400, exactly the growth from 8,200 to 9,600. Since 2022, additions rose 1,000 (8%) while operations fell 600 (about 5%). Just to stop the list growing, Kingsmere needs 13,400 operations a year. Its target, which you get by asking, is about 5,600 within three years, so it must also clear 4,000 extra patients, about 1,330 a year: roughly 14,700 operations a year, about 23% more than today, if additions hold at 13,400.

McKinsey logo

McKinseyKingsmere Hospitals cuts its surgery waiting listOperations · Medium

Kingsmere Hospitals cuts its surgery waiting list

An operations case built on one unit across every stage. Find the binding constraint before anyone spends GBP 9m.

Interviewer

Our client is Kingsmere Hospitals, a public hospital trust running two acute hospitals. Its waiting list for planned surgery has grown from about 6,700 to 9,600 patients in three years, and the board is about to approve GBP 9m for two new operating theatres. The chief executive has asked us to find out what is really limiting surgical activity and what it would take to fix it. How would you approach this?

Worked examples: Atlas Logistics and Northvale Energy

Atlas Logistics: does a last-mile deal clear?

The prompt. Atlas Logistics, a regional freight and warehousing operator with $1.1bn of revenue, is considering buying Kestrel, a last-mile delivery company, for $340m. The CFO thinks the price is high. Should Atlas proceed?

A structure that fits. Keep what Kestrel is worth on its own apart from what it is worth to Atlas. Mixing the two is how buyers end up paying the seller for value only the buyer can create.

The most Atlas should pay
Value to Atlas=Kestrel standalone+Synergies, haircut by confidence

Then subtract one-off integration costs and test what could stop the value arriving: people, customers, regulation.

Exhibit 1: Kestrel financial and operating summary, 2023 to 2025
202320242025
Revenue ($m)182196210
EBITDA ($m)15.317.218.9
EBITDA margin8.4%8.8%9.0%
Drivers (average headcount)2,0502,2002,350
Drivers on contractor terms82%84%85%
Top 3 customers, share of revenue36%37%38%

First calculations. Start with the CFO's concern. Kestrel's 2025 EBITDA is $210m × 9% = $18.9m, so $340m is 18.0x EBITDA. On its own record Kestrel looks solid rather than special: revenue grew from $182m to $210m, about 7% a year, and the margin edged up from 8.4% to 9.0%. Park two lines for later: 85% of the drivers are contractors, and the top three customers bring 38% of revenue.

McKinsey logo

McKinseyAtlas Logistics eyes a last-mile acquisitionM&A · Hard

Atlas Logistics eyes a last-mile acquisition

A hard M&A case: watch the base of every percentage, and decide how much synergy to pay away.

Interviewer

Our client, Atlas Logistics, is a regional freight and warehousing operator. They are considering acquiring Kestrel, a last-mile delivery company, for $340m. Their CFO thinks the price is high. Should they proceed?

Northvale Energy: a motorway charging network

The prompt. Northvale, a national electricity utility supplying 3 million households, is weighing a $240m plan to build 150 ultra-rapid charging hubs along the motorways over three years. The CEO wants to know whether to go ahead.

A structure that fits. For an infrastructure entry, the total market matters less than whether one site makes money and how many good sites exist. Four questions, in order:

  1. Market: how big is motorway charging demand now and in 2030, and how fast is it growing?
  2. Hub economics: capex, margin per kWh, site costs and throughput, against the board's payback hurdle.
  3. Site access: which sites can Northvale actually get, and what does each type sell?
  4. Right to win and entry mode: build, buy, partner or supply power to other operators.
Exhibit 1: Battery electric cars on the road, millions (from a line chart)
20222024202620282030
Battery EVs (m)0.50.81.22.24.0

2028 and 2030 are the industry's central forecast. First calculations. From 2026 to 2030 the fleet is forecast to grow 3.3 times, from 1.2m to 4.0m: about 35% a year, since 3.33 to the power of a quarter is about 1.35. From 2022 to 2026 it grew 2.4 times, about 24% a year. So the forecast needs growth to speed up from about 24% to about 35% a year, which makes adoption the first sensitivity to test. The plan itself implies $240m ÷ 150 = $1.6m a hub.

McKinsey logo

McKinseyNorthvale Energy weighs a motorway charging networkMarket Entry · Hard

Northvale Energy weighs a motorway charging network

A hard market-entry case with four calculations. Throughput by site type decides it.

Interviewer

Our client, Northvale Energy, is a national electricity utility that generates power and supplies 3 million households. It is considering a $240m plan to build 150 ultra-rapid electric vehicle charging hubs along the country's motorways over the next three years. The CEO wants to know whether to go ahead. How would you approach this?

The PEI and the Solve assessment

Two parts of the McKinsey process are not cases at all, and both commonly carry real weight in the decision.

The PEI

The Personal Experience Interview is the part of each interview where you describe one experience and the interviewer probes it in depth, commonly for 10 to 20 minutes. Each PEI targets one theme. As commonly described these are personal impact, entrepreneurial drive, inclusive leadership and courageous change, though McKinsey revises the labels, so check your invitation. Prepare six to ten true stories with numbers, real resistance and your own actions at the centre. Our McKinsey PEI guide has sample questions and a story template, and the fit interview and PEI lesson teaches the method with checks.

Solve

Solve is McKinsey's online, game-based assessment, commonly sent after your application is reviewed. Candidates commonly report two or three games, most often Red Rock, Sea Wolf and the Sustainable Futures Lab, taking roughly an hour to an hour and a half in all. McKinsey's own description is less specific, so your invitation is the authority. Solve is not a case, but it rewards the same habits: read the objective, collect only the data you need and do the maths carefully. Our McKinsey hub covers the whole process, and the Red Rock Study guide walks through the data-analysis game candidates most often meet.

Self-check: are you ready for a McKinsey case?

Run this list after every practice case. Anything you can't tick is your next drill.

  • I asked two or three clarifying questions that changed my structure, not ten.
  • My structure was built for this client, and I said where I would start.
  • I said each calculation's setup before doing it, and finished with what the number meant.
  • On each exhibit I led with the one insight that mattered, not a tour of every number.
  • I answered the question I was asked, then stopped.
  • My hypothesis changed when the data said it should, and I said so out loud.
  • I closed with the answer first, three reasons with numbers, a risk and next steps.
  • My PEI story held up through five rounds of follow-up questions.

Check yourself

You've just answered a calculation in an interviewer-led case: the fare cut cost the client EUR 68m. What should you do next?

Investment & returns drill

Calculate

Atlas-style deal maths: the multiple before and after synergies.

Our client, a packaging group, wants to buy a competitor at 10x EBITDA. The target has $300m of revenue and a 12% EBITDA margin, and our client expects $6m a year of cost synergies. What EV/EBITDA multiple is it effectively paying once synergies are counted?

x

How to use these practice cases

Play each case twice. Guided mode puts the exhibits beside each question and gives feedback on every answer. Live mode, with the AI interviewer, is the closest thing to the real rhythm: questions you can't see coming and maths said out loud.

A two-week plan for the four cases
DaysCase and modeFocus
1 to 2Nordwind, guided then liveThe interviewer-led rhythm: answer, so-what, stop
3 to 4Kingsmere, guided then liveCapacity in one unit across every stage
5 to 7Atlas, guided then liveStandalone value vs synergies; percentages on the right base
8 to 10Northvale, guided then liveMarket sizing, payback and site-level economics
11 to 14Your weakest two cases again, live, each after a PEI storyFull interview conditions: story, then case, about an hour

Frequently asked questions

What is a McKinsey case interview?

A business problem that the interviewer takes you through one question at a time, covering structure, exhibits, maths and a recommendation. It is commonly paired with a Personal Experience Interview in each interview. Expect roughly 25 to 35 minutes on the case itself, though it varies by interviewer.

Are McKinsey case interviews interviewer-led?

Commonly, yes: the interviewer decides what comes next and asks a sequence of set questions. That doesn't mean you can be passive, because each answer should end with what it means for the client. Formats can vary by office and role, so check with your recruiter.

How many case interviews does McKinsey have?

Candidates commonly report two interviews in the first round and two or three in the final round, each with a case and a PEI. Some offices and roles add or change stages. Your invitation will say what to expect.

Can I use a calculator in a McKinsey case interview?

Candidates commonly report that calculators are not allowed, so practise doing the maths on paper while talking through your setup. Round sensibly, keep track of units and sanity-check every result against something you know.

Where can I find McKinsey practice cases?

McKinsey publishes a few practice cases on its own careers site. Our library has four McKinsey-style, interviewer-led cases with guided walkthroughs: Nordwind Airlines, Kingsmere Hospitals, Atlas Logistics and Northvale Energy. Play each guided first, then live with the AI interviewer.

How is a McKinsey case different from a BCG case?

McKinsey's is commonly interviewer-led, with the interviewer choosing each question. BCG's is commonly candidate-led and heavier on exhibits, so you decide what to analyse next. The skills underneath are the same, but the rhythm differs, so practise both if you apply to both.

Written by the PartnerRound team

We build case interview practice: an AI interviewer that holds the answer key, guided cases, drills and a free course. Every guide is checked against the cases and drills it links to, so what you read is what you practise. Published 20 Oct 2026.