Introduction to opportunities and approach to looking for summer internships if you missed out in the Spring On-Campus-Recruiting round

1. Today’s agenda:
Top of mind issues – why are you here?
Pathways to a permanent consulting offer – timings and stats
Types of alternative internships for aspiring consultants
What should you be doing now?
Consulting Careers Team support (and wider Career Services)
Panel
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2. Top-of-mind issues
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?
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3. Back in the Autumn, I showed you that the chances of
an offer were 3% for a typical top tier firm
Illustrative Top Tier Recruiter 2008-9
2nd Round
Applications 1st Round Interviews Hires
Interviews
350 92 (26%) 33 (9%) 10 (3%)
160
190
52 17 4
40 16 6
Blue = Spring (‘summer internship’) recruiting Red = Autumn (‘full time’) recruiting 3

4. Although it’s true that most internship offers come
through from April onwards...
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5. …management consulting internships often are
finalised before other sectors
January February March April May June
Management On-Campus We are here in the
Consulting Presentations recruitment cycle
& Finance
Interviews
Offers
Summer Internships Posted on Portal
Industry On-Campus Presentations
Interviews
Offers
Summer Internships Posted on Portal
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6. In the past 3 years, 24-27% of students got consulting
internships, but many of these come from ‘non-
traditional’ consulting roles
MBA 2008 MBA 2009 MBA 2010
% securing
100 98 96
summer internship
% in management
16 20 10
consulting
% in ‘other’*
8 7 14
consulting
% overall in
24 27 24
consulting
* Includes Summer Consulting Team, Internal Consulting in Industry, Consulting to Entrepreneurial Businesses 6

7. MBA2010 stats suggest there are plenty of permanent
opportunities for smart career switchers and ‘non-
traditional’ interns
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Source: MBA2010 ‘permanent’ offer tracking, Autumn 2009

8. 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 Shell, Deutsche Post, BT, Eli Lilly, BAA
Finance
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
Industry or Finance Express, Diageo, Disney, J&J, Syngenta, Pepsico
High Profile Leadership Programmes Coca-Cola
with great brand names
Not-For-Profit UNLimited, TechnoServe, United Nations, Amnesty
International
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9. Sourcing a summer internship (1 of 2)
Jobs/projects including consultancy positions will be posted on Career Central - check daily
Check press adverts – these can indicate which companies are still hiring & provide leads to
make speculative applications
 The Times, http://jobs.timesonline.co.uk
Not sure these are still
 Telegraph, http://jobs.telegraph.co.uk relevant in 2010?
 Economist, http://www.economist.com
Personal Networking (alumni in target companies, fellow MBAs including MBA 2009,
EMBAs/Sloans/MiFs, at school events, friends & family)
Headhunters & Recruitment Agencies: probably won’t provide a ‘packaged’ internship, but
may be able to provide you with interim project or consulting work
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10. Sourcing a summer internship (2 of 2)
Any relevant news I get
will be posted on the
discussion forum, my blog,
Twitter as appropriate
Search targeted jobs websites, e.g., top-consultant.com
Use networking sites to search for open jobs, companies to target & contacts (e.g.,
www.linkedin.com)
Attend any Career Services job events – details will be on Career Central
Summer Networking Event – Thursday 6 May
Dig Deep!
What excites you?
Where is the best fit?
Where do you need to develop?
What are your next best options?
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11. Consulting Careers Team Support
Three Tools For You To Use:
The Consulting Team is putting together three DIY tools to assist you:
ur ch ances
1 Assess yo
 Strategy Consulting CV screening/scoring guide
 Self-diagnosis guide
 Networking action planner
2 Where did you
fall down?
These will be available in the following ways:
3 Build yo
 Club Discussion Forum ur netw
ork
 My blog
 Slideshare (LinkedIn)
If there’s interest, Consulting Careers group workshops could be held to work through these
next term
1:1 sessions with a sector specialist covering these topics will be available to students that
bring completed drafts of the relevant tools
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Other Career Services Support:
Accelerating your job search activities – communications will come out about these this week

12. Panel
Student Internship Permanent Offers
Michael Fang Johnson & Johnson Booz & Roland Berger
Beke Vuma Ariya Capital McKinsey
Erik Wilterding Summer Consulting Team Monitor
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