Today’s agenda:




Top of mind issues – why are you here?

Pathways to a permanent consulting offer – timings and stats

...
Top-of-mind issues



Ideally, I still want to secure a Summer Internship with a firm of Management
Consultants…..

If I c...
Back in the Autumn, I showed you that the chances of
                                  an offer were 3% for a typical top ...
Although it’s true that most internship offers come
                      through from April onwards...




              ...
…management consulting internships often are
                                finalised before other sectors

             ...
In the past 3 years, 24-27% of students got consulting
                       internships, but many of these come from ‘no...
MBA2010 stats suggest there are plenty of permanent
                 opportunities for smart career switchers and ‘non-
  ...
There are many great potential ‘second choice’
                                                          internships

  Po...
Sourcing a summer internship (1 of 2)



Jobs/projects including consultancy positions will be posted on Career Central - ...
Sourcing a summer internship (2 of 2)
                                                                         Any relevan...
Consulting Careers Team Support

                                                                             Three Tools ...
Panel




     Student             Internship         Permanent Offers


Michael Fang      Johnson & Johnson        Booz &...
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Internships For Consultants Entry Level 23 02 10

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

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Internships For Consultants Entry Level 23 02 10

  1. 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 1
  2. 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? 2
  3. 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. 4. Although it’s true that most internship offers come through from April onwards... 4
  5. 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 5
  6. 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. 7. MBA2010 stats suggest there are plenty of permanent opportunities for smart career switchers and ‘non- traditional’ interns 7 Source: MBA2010 ‘permanent’ offer tracking, Autumn 2009
  8. 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 8
  9. 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 9
  10. 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? 10
  11. 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 11 Other Career Services Support: Accelerating your job search activities – communications will come out about these this week
  12. 12. Panel Student Internship Permanent Offers Michael Fang Johnson & Johnson Booz & Roland Berger Beke Vuma Ariya Capital McKinsey Erik Wilterding Summer Consulting Team Monitor 12

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