+

15 February 2011

J-P Martins, AD Consulting Careers

Alternative summer internship pathways to consulting

+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)

+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?

+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)

+Panel

Student Internship Permanent Offers

Sushant Kumar Summer Consulting Team Accenture

Abhay Majithia Shell McKinsey

Carlos Varela Endeavour BCG

+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?...

+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)

+ 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

+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

+ …but management consulting internships are usually finalised relatively early

January February March

Management Consulting & Finance

Industry

On-Campus Presentations

April May June

Interviews

On-Campus Presentations

Interviews

Summer Internships Posted on Portal

Offers

Summer Internships Posted on Portal

Offers

We are here in the recruitment cycle

+ 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

+ 61% of last autumn’s permanent consulting hires were not returning to the firm where they interned

Note: Chart shows numbers of MBA2011s accepting consulting offers, split between returning interns and others

+Firms differed last year in terms of numbers of autumn offers and % ‘new’

New Offers in Autumn Term

% Offers to Non-Interns

Total Offers in Autumn Term

Note: Charts show data for MBA2011s; excluding sponsored students

+ MBA2010 stats suggest there are plenty of permanent opportunities for smart career switchers and ‘non-traditional’ interns

+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)

+There are many great potential ‘second choice’ internships

Summer Consulting Team London Business School (6 - 8 jobs)

Potential Summer Internships Example Companies

Corporate Development /Strategic Planning in Industry or Finance

Vodafone Group, Tesco Plc, American Express, Discovery Networks, Skype, DHL Worldwide, UPS

Boutiques, Functional Consultancies WhatIf!, Wolff Olins

Internal Consulting in Industry or Finance Shell, Deutsche Post, BT, Eli Lilly, BAA

Interim (Consulting) Recruiters Eden McCallum, Mindbench, Holker Watkin

Marketing/Business Development in Industry or Finance

Nippon Ericsson, Coca Cola, Sony, American Express, Diageo, Disney, J&J, Syngenta, Pepsico

High Profile Leadership Programmes with great brand names

Coca-Cola

Not-For-Profit UNLimited, TechnoServe, United Nations, Amnesty International

+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)

+Sourcing a summer internship

Jobs/projects including consultancy positions will be posted on Career Central - check daily

n  Also use CC to search for archived internship postings – think about contacting some of these companies speculatively before they post?

Personal Networking (alumni in target companies, fellow MBAs including MBA 2011, EMBAs/Sloans/MiFs, at school events, friends & family)

Search targeted jobs websites, e.g., top-consultant.com

Headhunters & Recruitment Agencies: probably won’t provide a ‘packaged’ internship, but may be able to provide you with interim project or consulting work

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 Recruitment Evening Thursday 5 May

Check press adverts – these can indicate which companies are still hiring & provide leads to make speculative applications

+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)

+Support from the Consulting Careers Team

Three DIY tools to assist you:

n  Strategy Consulting CV screening/scoring guide

n  Self-diagnosis guide

n  Networking action planner

These will be available in the following ways:

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)

Assess your chances 1

Where did you fall down? 2

Build your network 3