Knowledge Analyst - Product Development - Heavy Industries

Who You'll Work With

Driving lasting impact and building long-term capabilities with our clients is not easy work. You are the kind of person who thrives in a high performance/high reward culture - doing hard things, picking yourself up when you stumble, and having the resilience to try another way forward.

In return for your drive, determination, and curiosity, we'll provide the resources, mentorship, and opportunities you need to become a stronger leader faster than you ever thought possible. Your colleagues—at all levels—will invest deeply in your development, just as much as they invest in delivering exceptional results for clients. Every day, you'll receive apprenticeship, coaching, and exposure that will accelerate your growth in ways you won’t find anywhere else.

When you join us, you will have:

• Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
• A voice that matters: From day one, we value your ideas and contributions. You’ll make a tangible impact by offering innovative ideas and practical solutions. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
• Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm’s diversity fuels creativity and helps us come up with the best solutions for our clients. Plus, you’ll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
• World-class benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package to enable holistic well-being for you and your family.
  
  

Your Impact

You will be spending ~60-80% of your time working onsite as part of consulting teams helping solve complex client problems in product development domain. This work includes, but is not limited to: rationalizing product design based on competitive teardown analysis and customer insights, and help client teams design an optimized cost product. You will also work on new product development areas, reducing new product development time, rationalizing cost and quality attributes, carrying out surveys to understand improvement aspects of the organization to support an efficient and effective product development, therefore building a sustainable R&D organization for our clients. The remainder of time will be spent on developing cutting edge knowledge related to the Product Development (PD) domain and in delivering specialized remote services to clients.

You will focus on Product development & design primarily in the Industrial machinery/equipment space, bringing together your experience and expertise on topics such as product design optimization, with emphasis on design optimization, identifying cost reduction opportunities at a system/component level, developing zero base cost models, proposing modular solutions, among other similar opportunities. You will also be expected to work on the product value chain to deliver end to end solutions for our clients.

You will also support development and maintenance of various practice knowledge initiatives by way of building McKinsey's knowledge on product development related topics. This is a cross- geography, cross-industry role and would work well for those who truly envision themselves growing into subject matter experts within the product development domain. This role entails extensive travel within and outside India to bring distinctive impact to our clients across the globe.

Your Qualifications and Skills

• Engineering degree from tier 1 technology institutes with a good academic record. A post graduate degree with a specialization in Operations is a plus
• 2 to 5 years of experience in product design or product cost optimization or part development in engineering design (R&D) or strategic sourcing/purchasing or supplier development functions
• Deep understanding and expertise in design of Industrial machinery including process machinery and ancillary systems including core equipment, structural, peripheral process equipment, integration equipment such as piping, cabling among others
• Deep understanding and expertise in either design of transmission equipment including peripherals such as motors, transformers or design of distribution equipment including overall architecture design, control system design, switchgear selection, controller selection and automation
• Hands on experience in driving design led cost optimization exercises, leveraging material/specification change, product design/architecture changes, layout optimization, factor of safety optimization and other product value chain levers
• Knowledge of latest industry trends / innovations from value enhancement and cost improvement perspective
• Knowledge / experience on product and process costing along with generating meaningful insights from design optimization exercises
• Excellent problem-solving skills with ability to disaggregate issues, identify root causes and recommend solutions
• Excellent analytical skills and ability to understand the relevant analysis required to prove a hypothesis and ability to gather information around it and make informed/logical assumptions where required
• Ability to work collaboratively in a team environment, interact effectively with members from all levels in McKinsey and client organizations, with strong communication skills
• Flexibility, patience and an understanding of fluid, demanding, and unstructured environments, where priorities evolve constantly and methodologies are regularly challenged
• Fluent written and verbal business communication skills in English including the ability to interact effectively at all levels of a large international organization