+Alternative summerinternship pathwaysto consulting                      15 February 2011                      J-P Martins...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+    Top of mind issues – why are you    here?    Ideally, I still want to secure a Summer Internship with a firm of    Ma...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+    Panel        Student              Internship   Permanent Offers                     Summer Consulting    Sushant Kuma...
+    Panel questions    n    Which consulting and other firms did you apply to for your          summer internship?    n...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+ Back in the Autumn, I showed you that the  chances of an offer were low for a typical top  tier firm                   I...
+       Most internship offers only come       through from April onwards…Note: Chart shows % of 1st years that have accep...
+ …but management consulting internships  are usually finalised relatively early                 January          February...
+ In the past 4 years, roughly 25%of students got      consulting internships, but many of these come from      ‘non-tradi...
+ 61% of last autumn’s permanent consulting       hires were not returning to the firm where       they internedNote: Char...
+        Firms differed last year in terms of        numbers of autumn offers and % ‘new’                                 ...
+ MBA2010 stats suggest there are plenty of  permanent opportunities for smart career switchers  and ‘non-traditional’ int...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+    There are many great potential    ‘second choice’ internships       Potential Summer Internships                     ...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+    Sourcing a summer internship    Jobs/projects including consultancy          Use networking sites to search for    po...
+    Agenda for today    Top of mind issues – why are you here?    Panel    Pathways to a permanent consulting offer – tim...
+    Support from the Consulting    Careers Team                                                                          ...
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Alternative Internships 15 02 11

  1. 1. +Alternative summerinternship pathwaysto consulting 15 February 2011 J-P Martins, AD Consulting Careers
  2. 2. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  3. 3. + Top of mind issues – why are you here? Ideally, I still want to secure a Summer Internship with a firm of Management Consultants….. If I can’t do that, I want to do a Summer Internship that will put me in a good position to secure a full-time Management Consulting offer in the Autumn… But, I’m really concerned that if I didn’t get a Summer Internship with a Consulting Firm, I won’t get a Full-Time Offer either….. And I’m aware the job market is difficult, and I’m not sure how I should alter my strategy to take this into account Anything else?
  4. 4. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  5. 5. + Panel Student Internship Permanent Offers Summer Consulting Sushant Kumar Accenture Team Abhay Majithia Shell McKinsey Carlos Varela Endeavour BCG
  6. 6. + Panel questions n  Which consulting and other firms did you apply to for your summer internship? n  Where and when did you eventually source your internship? n  What do you think made the biggest difference to you getting your permanent offer in the autumn? n  Other?...
  7. 7. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  8. 8. + Back in the Autumn, I showed you that the chances of an offer were low for a typical top tier firm Illustrative Top Tier Recruiter
  9. 9. + Most internship offers only come through from April onwards…Note: Chart shows % of 1st years that have accepted an internship offer over time; real data for a recent year
  10. 10. + …but management consulting internships are usually finalised relatively early January February March April May June Management On-Campus Consulting & We are here in the Presentations recruitment cycle Finance Interviews Offers Summer Internships Posted on Portal Industry On-Campus Presentations Interviews Offers Summer Internships Posted on Portal
  11. 11. + In the past 4 years, roughly 25%of students got consulting internships, but many of these come from ‘non-traditional’ consulting roles 100 96 96 98* Function not recorded; data shown represent % of students; source: MBA Employment Reports
  12. 12. + 61% of last autumn’s permanent consulting hires were not returning to the firm where they internedNote: Chart shows numbers of MBA2011s accepting consulting offers, split between returning interns and others
  13. 13. + Firms differed last year in terms of numbers of autumn offers and % ‘new’ % Offers to Non-Interns New Offers in Autumn Term Total Offers in Autumn TermNote: Charts show data for MBA2011s; excluding sponsored students
  14. 14. + MBA2010 stats suggest there are plenty of permanent opportunities for smart career switchers and ‘non-traditional’ interns
  15. 15. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  16. 16. + There are many great potential ‘second choice’ internships Potential Summer Internships Example Companies Boutiques, Functional Consultancies WhatIf!, Wolff Olins Summer Consulting Team London Business School (6 - 8 jobs) Interim (Consulting) Recruiters Eden McCallum, Mindbench, Holker Watkin Internal Consulting in Industry or Finance Shell, Deutsche Post, BT, Eli Lilly, BAA Corporate Development /Strategic Vodafone Group, Tesco Plc, American Express, Planning in Industry or Finance Discovery Networks, Skype, DHL Worldwide, UPS Marketing/Business Development in Nippon Ericsson, Coca Cola, Sony, American Express, Industry or Finance Diageo, Disney, J&J, Syngenta, Pepsico High Profile Leadership Programmes with Coca-Cola great brand names Not-For-Profit UNLimited, TechnoServe, United Nations, Amnesty International
  17. 17. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  18. 18. + Sourcing a summer internship Jobs/projects including consultancy Use networking sites to search for positions will be posted on Career open jobs, companies to target & Central - check daily contacts (e.g., www.linkedin.com) n  Also use CC to search for archived internship postings – think about Attend any Career Services job events contacting some of these companies – details will be on Career Central speculatively before they post? Personal Networking (alumni in target companies, fellow MBAs including MBA 2011, EMBAs/Sloans/MiFs, at school Summer Recruitment Evening events, friends & family) Thursday 5 May Search targeted jobs websites, e.g., top- consultant.com Check press adverts – these can Headhunters & Recruitment Agencies: indicate which companies are still probably won’t provide a ‘packaged’ hiring & provide leads to make internship, but may be able to provide you with interim project or consulting speculative applications work
  19. 19. + Agenda for today Top of mind issues – why are you here? Panel Pathways to a permanent consulting offer – timings & stats Types of alternative internships for aspiring consultants What should you be doing now? Consulting Careers Team support (& wider Career Services)
  20. 20. + Support from the Consulting Careers Team ances Three DIY tools to assist you: 1 Assess your ch n  Strategy Consulting CV screening/scoring guide n  Self-diagnosis guide 2 Where did you fall down? n  Networking action planner 3 Build yo These will be available in the following ways: ur netw o rk n  Portal n  Club Discussion Forum n  My blog (www.problemssolved.org) 1:1 sessions with a consulting specialist covering these topics will be available to students that bring completed drafts of the relevant tools – sign up on Career Central n  J-P or Gavin (will post these on Career Central later this week)
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