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Vik Sohoni | McKinsey & Company
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class="CircularProfile_mck-c-circular-profile__wrapper-text__0Kp97"><h1 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-u-ts-2"><span>Vik Sohoni</span></h1><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_2734c4f mdc-u-ts-8">Senior Partner<a data-component="mdc-c-link" href="/us/chicago" class="mdc-c-link___lBbY1_2734c4f"><span class="mdc-c-link__label___Pfqtd_2734c4f">Chicago</span></a></div><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_2734c4f mdc-u-ts-7 mdc-u-mt-3"><p>Helps banks and financial institutions on strategy and operating model transformation in addressing growth, efficiency and digital change</p></div><div data-component="mdc-c-link-container" class="mdc-c-link-container___xefGu_2734c4f mdc-c-link-container--display-column___X0HDD_2734c4f mdc-u-mb-2 mdc-u-mt-3 mdc-u-grid-gutter-md"><a data-component="mdc-c-link" href="#" class="mdc-c-link-icon___SEKyg_2734c4f" aria-haspopup="dialog" title="Email" aria-label="Email" data-sid="B17A03AC-DEAC-47C0-8CC1-EFDE5B0BDB37" data-layer-event-prefix="Exit Link" data-layer-action="click" data-layer-category="social" data-layer-subcategory="partner" data-layer-subcategory2="email" data-layer-text="Share this profile on email"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--radial___y3csX_2734c4f mdc-c-icon--size-xl___3BEee_2734c4f mdc-c-icon--primary mck-email-icon"></span></a><a data-component="mdc-c-link" href="https://www.linkedin.com/in/viksohoni" class="mdc-c-link-icon___SEKyg_2734c4f" target="_blank" title="LinkedIn" data-sid="" aria-label="LinkedIn" data-layer-event-prefix="Exit Link" data-layer-action="click" data-layer-category="social" data-layer-subcategory="partner" data-layer-subcategory2="LinkedIn" data-layer-text="Share this profile on LinkedIn"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--radial___y3csX_2734c4f mdc-c-icon--size-xl___3BEee_2734c4f mdc-c-icon--primary mck-linkedin-thin-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">LinkedIn</span></a></div></div></div></div></div><div class="mck-o-container"><div class="mck-o-container--wrapped mck-o-container--mobile-spacing"><div class="mdc-o-container__body Profile_mck-c-profile__wrapper__BqMov"><div class="Profile_mck-c-profile__container-main__rUO05"><h2 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-c-heading--title___5qyOB_2734c4f mdc-c-heading--border___K8dj3_2734c4f"></h2><div class="mdc-o-content-body Profile_mck-c-profile__content-body__r8B5S"><p>Vik draws on his deep experience in the financial-services industry across strategy and technology, as well as his digital expertise, to help clients achieve greater growth and efficiency. He also helps clients confront the challenges posed by digital and analytics including cloud migration, AI and digital process redesign. For example, he sets up digital factories and installs new management systems鈥攎ission-based models of management鈥攖o equip clients with a new operating model fit for purpose for the new digital era.</p> <p>Examples of his recent client work include the following:</p> <ul> <li>helping a large bank rethink its data strategy</li> <li>conceiving a digital proposition in the mortgage industry</li> <li>setting up digital factories supported by mission-based management systems for several banks in North and Latin America to power the business with technology in an agile manner that also takes into consideration the regulatory, organizational, and competitive practicalities of large firms</li> <li>conducting a geospatial analysis to optimize the distribution network for a large financial institution</li> </ul> <p>In addition to his client work, Vik publishes often; is a frequent speaker at industry events; and convenes several CIO, chief digital officer, and operations roundtables in New York and Chicago. He is the co-author of the book, The Digital Factory and Mission Based Model.</p> <p>Outside of his work with McKinsey, Vik is actively involved in the community in Chicago, supporting economic-development efforts with several business leaders and organizations.</p></div><div class="Profile_mck-c-profile__area-a__YIGXu container-placeholder mdc-u-grid mdc-u-grid-gutter-lg"></div></div><div class="Profile_mck-c-profile__sidebar-wrapper__E52KM"><div class="container-sidebar mdc-u-grid mdc-u-grid-gutter-xxl"><button data-component="mdc-c-button" aria-label="" type="button" id="button_id" class="mdc-c-button___U4iY2_2734c4f mdc-c-button--primary___Ed-lT_2734c4f mdc-c-button--size-large___jwpUy_2734c4f" data-layer-event-prefix="Exit Link" data-layer-action="click" data-layer-category="social" data-layer-subcategory="partner" data-layer-subcategory2="email" data-layer-text="Share this profile on email"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mck-email-icon 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class="mdc-c-link__label___Pfqtd_2734c4f">Financial Services</span></a></li><li><a data-component="mdc-c-link" href="/capabilities/quantumblack/how-we-help-clients" class="mdc-c-link___lBbY1_2734c4f"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--size-xs___g8-q5_2734c4f mck-arrow-right-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">QuantumBlack, AI by McKinsey</span></a></li><li><a data-component="mdc-c-link" href="/industries/retail/how-we-help-clients" class="mdc-c-link___lBbY1_2734c4f"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--size-xs___g8-q5_2734c4f mck-arrow-right-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">Retail</span></a></li><li><a data-component="mdc-c-link" href="/capabilities/transformation/how-we-help-clients" class="mdc-c-link___lBbY1_2734c4f"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--size-xs___g8-q5_2734c4f mck-arrow-right-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">McKinsey Transformation</span></a></li><li><div class="List_mck-c-list__non-link-item__lRyc0"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--size-xs___g8-q5_2734c4f mck-arrow-right-icon"></span><span> </span></div></li></ul></div></div></div></div></div><div class="mdc-o-content-body Profile_mck-c-profile__content-body__r8B5S Profile_mck-c-profile__additional-body__hv_Ft"><h3>Video</h3> <p><a rel="noopener noreferrer" href="http://www.mckinseyonmarketingandsales.com/mckinsey-minute-three-stages-of-digital-organization" target="_blank">McKinsey minute: Three stages of digital organization</a>, <em>McKinsey on Marketing and Sales,</em> October 2015</p> <p><a rel="noopener noreferrer" href="https://www.youtube.com/watch?v=VaTq5C2S4JY" target="_blank">PegaWORLD 2014: Becoming a digital enterprise</a>, YouTube, June 2014</p> <h3>Published work</h3> <p>“<a href="/industries/financial-services/our-insights/unlocking-value-from-technology-in-banking-an-investor-lens">Unlocking value from technology in banking: An investor lens</a>,” McKinsey & Company, December 2023</p> <p><em><a href="/industries/financial-services/our-insights/global-banking-annual-review">Global Banking Annual Review 2024: Attaining escape velocity</a></em>, McKinsey & Company, October 2024</p> <p>“<a href="/industries/financial-services/our-insights/capturing-the-full-value-of-generative-ai-in-banking">Capturing the full value of generative AI in banking</a>,” McKinsey & Company, December 2023</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/stairway-to-digital-excellence">Stairway to digital excellence</a>,” McKinsey & Company, August 2023</p> <p>“<a href="/industries/financial-services/our-insights/helping-banks-think-like-tech-companies">Helping banks think like tech companies</a>,” McKinsey & Company, April 2023</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/beyond-the-anecdote-true-drivers-of-digital-delivery-performance">Beyond the anecdote: True drivers of digital-delivery performance</a>,” McKinsey & Company, March 2023</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/three-big-moves-that-can-decide-a-financial-institutions-future-in-the-cloud">Three big moves that can decide a financial institution’s future in the cloud</a>,” McKinsey & Company, August 2022</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/welcome-to-the-digital-factory-the-answer-to-how-to-scale-your-digital-transformation">Welcome to the Digital Factory: The answer to how to scale your digital transformation</a>,” McKinsey & Company, May 2020</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/the-seven-make-or-break-api-challenges-cios-need-to-address">The seven make-or-break API challenges CIOs need to address</a>,” McKinsey & Company, December 2018</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/how-digital-will-change-commercial-banking">How ‘digital’ will change commercial banking</a>,” McKinsey & Company, June 2018</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/the-effect-of-short-termism-on-digital-aspirations">The effect of short-termism on digital aspirations</a>,” McKinsey & Company, January 2018</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/burned-by-the-bots-why-robotic-automation-is-stumbling">Burned by the bots: Why robotic automation is stumbling</a>,” McKinsey & Company, May 2017</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/digital-marketing-really-matters-for-us-banks-even-as-branches-show-significant-staying-power">Digital marketing really matters for US banks even as branches show significant staying power</a>,” McKinsey & Company, December 2016</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/how-wealth-managers-can-transform-for-the-digital-age">How wealth managers can transform for the digital age</a>,” McKinsey & Company, August 2016</p> <p>“<a href="/sitecore/service/notfound.aspx?item=web%3a%7b7f47d813-9855-46a8-931a-0d38312751f6%7d%40en">Using rapid process digitization to transform the customer experience</a>,” McKinsey & Company, March 2016</p> <p>“<a href="/capabilities/mckinsey-digital/our-insights/digital-blog/two-strategies-to-better-appeal-to-customers-and-grow-revenues-in-digital-banking">Two strategies to better appeal to customers and grow revenues in digital banking</a>,” McKinsey & Company, November 23, 2016</p> <p>“<a href="https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/how-wealth-managers-can-transform-for-the-digital-age">How wealth managers can transform for the digital age</a>,” McKinsey & Company, October 2016</p> <p>“‘<a href="/capabilities/people-and-organizational-performance/our-insights/transformer-in-chief-the-new-chief-digital-officer">Transformer in chief’: The new chief digital officer</a>,” McKinsey & Company, November 2015</p> <h3>Education</h3> <p><strong>Wharton School, University of Pennsylvania</strong><br /> MBA, finance</p></div></div><div class="mdc-u-grid mdc-u-grid-gutter-xl mdc-u-mt-5"></div></div></div></main></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"locale":"en","dictionary":{},"sitecoreContext":{"route":{"name":"Vik Sohoni","displayName":"Vik Sohoni","fields":null,"databaseName":"web","deviceId":"fe5d7fdf-89c0-4d99-9aa3-b5fbd009c9f3","itemId":"b17a03ac-deac-47c0-8cc1-efde5b0bdb37","itemLanguage":"en","itemVersion":5,"layoutId":"ae753eb4-a035-40b4-83bf-4b4438df6742","templateId":"882cb5bd-9600-43d9-9d6b-de8134d4a7eb","templateName":"Profile","placeholders":{"jss-main":[{"uid":"8babdffb-0cfb-45a5-8364-eb32fa63d241","componentName":"Profile","dataSource":"","fields":{"data":{"profile":{"id":"B17A03ACDEAC47C08CC1EFDE5B0BDB37","name":"Vik Sohoni","engTitle":"Vik Sohoni","displayName":"Vik Sohoni","url":"/sitecore/content/McKinsey/Home/Our People/Vik Sohoni","template":{"name":"Profile"},"title":{"jsonValue":{"value":"Vik Sohoni"}},"background":{"jsonValue":{"value":"\u003ch3\u003eVideo\u003c/h3\u003e\n\u003cp\u003e\u003ca rel=\"noopener noreferrer\" href=\"http://www.mckinseyonmarketingandsales.com/mckinsey-minute-three-stages-of-digital-organization\" target=\"_blank\"\u003eMcKinsey minute: Three stages of digital organization\u003c/a\u003e,\u0026nbsp;\u003cem\u003eMcKinsey on Marketing and Sales,\u003c/em\u003e October 2015\u003c/p\u003e\n\u003cp\u003e\u003ca rel=\"noopener noreferrer\" href=\"https://www.youtube.com/watch?v=VaTq5C2S4JY\" target=\"_blank\"\u003ePegaWORLD 2014: Becoming a digital enterprise\u003c/a\u003e, YouTube, June 2014\u003c/p\u003e\n\u003ch3\u003ePublished work\u003c/h3\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/industries/financial-services/our-insights/unlocking-value-from-technology-in-banking-an-investor-lens\"\u003eUnlocking value from technology in banking: An investor lens\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, December 2023\u003c/p\u003e\n\u003cp\u003e\u003cem\u003e\u003ca href=\"/industries/financial-services/our-insights/global-banking-annual-review\"\u003eGlobal Banking Annual Review 2024: Attaining escape velocity\u003c/a\u003e\u003c/em\u003e, McKinsey \u0026amp; Company, October 2024\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/industries/financial-services/our-insights/capturing-the-full-value-of-generative-ai-in-banking\"\u003eCapturing the full value of generative AI in banking\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, December 2023\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/stairway-to-digital-excellence\"\u003eStairway to digital excellence\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, August 2023\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/industries/financial-services/our-insights/helping-banks-think-like-tech-companies\"\u003eHelping banks think like tech companies\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, April 2023\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/beyond-the-anecdote-true-drivers-of-digital-delivery-performance\"\u003eBeyond the anecdote: True drivers of digital-delivery performance\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, March 2023\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/three-big-moves-that-can-decide-a-financial-institutions-future-in-the-cloud\"\u003eThree big moves that can decide a financial institution\u0026rsquo;s future in the cloud\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, August 2022\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/welcome-to-the-digital-factory-the-answer-to-how-to-scale-your-digital-transformation\"\u003eWelcome to the Digital Factory: The answer to how to scale your digital transformation\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, May 2020\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/the-seven-make-or-break-api-challenges-cios-need-to-address\"\u003eThe seven make-or-break API challenges CIOs need to address\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, December 2018\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/how-digital-will-change-commercial-banking\"\u003eHow \u0026lsquo;digital\u0026rsquo; will change commercial banking\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, June 2018\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/the-effect-of-short-termism-on-digital-aspirations\"\u003eThe effect of short-termism on digital aspirations\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, January 2018\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/burned-by-the-bots-why-robotic-automation-is-stumbling\"\u003eBurned by the bots: Why robotic automation is stumbling\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, May 2017\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/digital-marketing-really-matters-for-us-banks-even-as-branches-show-significant-staying-power\"\u003eDigital marketing really matters for US banks even as branches show significant staying power\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, December 2016\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/how-wealth-managers-can-transform-for-the-digital-age\"\u003eHow wealth managers can transform for the digital age\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, August 2016\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/sitecore/service/notfound.aspx?item=web%3a%7b7f47d813-9855-46a8-931a-0d38312751f6%7d%40en\"\u003eUsing rapid process digitization to transform the customer experience\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, March 2016\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"/capabilities/mckinsey-digital/our-insights/digital-blog/two-strategies-to-better-appeal-to-customers-and-grow-revenues-in-digital-banking\"\u003eTwo strategies to better appeal to customers and grow revenues in digital banking\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, November 23, 2016\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u003ca href=\"https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/how-wealth-managers-can-transform-for-the-digital-age\"\u003eHow wealth managers can transform for the digital age\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, October 2016\u003c/p\u003e\n\u003cp\u003e\u0026ldquo;\u0026lsquo;\u003ca href=\"/capabilities/people-and-organizational-performance/our-insights/transformer-in-chief-the-new-chief-digital-officer\"\u003eTransformer in chief\u0026rsquo;: The new chief digital officer\u003c/a\u003e,\u0026rdquo; McKinsey \u0026amp; Company, November 2015\u003c/p\u003e\n\u003ch3\u003eEducation\u003c/h3\u003e\n\u003cp\u003e\u003cstrong\u003eWharton School, University of Pennsylvania\u003c/strong\u003e\u003cbr /\u003e\nMBA, finance\u003c/p\u003e"}},"about":{"jsonValue":{"value":"\u003cp\u003eVik draws on his deep experience in the financial-services industry across strategy and technology, as well as his digital expertise, to help clients achieve greater growth and efficiency. He also helps clients confront the challenges posed by digital and analytics including cloud migration, AI and digital process redesign. For example, he sets up digital factories and installs new management systems\u0026mdash;mission-based models of management\u0026mdash;to equip clients with a new operating model fit for purpose for the new digital era.\u003c/p\u003e\n\u003cp\u003eExamples of his recent client work include the following:\u003c/p\u003e\n\u003cul\u003e\n \u003cli\u003ehelping a large bank rethink its data strategy\u003c/li\u003e\n \u003cli\u003econceiving a digital proposition in the mortgage industry\u003c/li\u003e\n \u003cli\u003esetting up digital factories supported by mission-based management systems for several banks in North and Latin America to power the business with technology in an agile manner that also takes into consideration the regulatory, organizational, and competitive practicalities of large firms\u003c/li\u003e\n \u003cli\u003econducting a geospatial analysis to optimize the distribution network for a large financial institution\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eIn addition to his client work, Vik publishes often; is a frequent speaker at industry events; and convenes several CIO, chief digital officer, and operations roundtables in New York and Chicago. He is the co-author of the book, The Digital Factory and Mission Based Model.\u003c/p\u003e\n\u003cp\u003eOutside of his work with McKinsey, Vik is actively involved in the community in Chicago, supporting economic-development efforts with several business leaders and organizations.\u003c/p\u003e"}},"additionalExpertise":{"jsonValue":{"value":" "}},"expertisePosition":{"jsonValue":null},"autoFetchPublishedWork":{"boolValue":false},"externalPublishedWork":{"jsonValue":{"value":""}},"aboutName":{"jsonValue":{"value":"Vik"}},"expertise":{"jsonValue":[{"id":"70076edf-2f3d-4f7b-848f-5cdef2e12c10","url":"","name":"McKinsey Digital","displayName":"McKinsey Digital","fields":{"Related Link":{"value":{"href":""}},"Title":{"value":"McKinsey Digital"},"Faceted Search":[],"Practice E-mail":{"value":"contact_digital@mckinsey.com"},"Closer Tout 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