Recently saw that McKinsey hires Actuaries. Wondering if any of you have insight on their day to day. Are they flying out to client sites connecting to the DB and building spreadsheets or are they operating as health consultants but have an expertise in healthcare and claims data?
“They aren't expected to be a data scientist and whip up a regression model in Python overnight while the rest of the team does strategic research?” - not overnight, but an actuary would definitely be expected to work in their area of expertise on studies that have a significant actuarial component (in a client-facing role) or support a team with one-off actuarial tasks and expertise (team-facing role). An actuary is a separate partner track within the Firm, with specific development goals and expectations.
I have an interview scheduled with McKinsey for an actuarial consultant role. How should I prepare and what should I expect?
The latter
Thank you for the response yechu. So they are no different than the MBA consultant working on a healthcare engagement? Obviously the team might expect and rely on them to know more about some aspects but everyone is doing the same types of work. They aren't expected to be a data scientist and whip up a regression model in Python overnight while the rest of the team does strategic research? Although, they might chose to.