As a college student, you may be considering a variety of internship opportunities. But have you considered a consulting internship? Consulting internships can be extremely beneficial, providing you with real-world experience, networking opportunities, and the chance to hone important skills.Start Your Idea Today!
Consulting internships are the best way to get to know the consulting industry. They give you a chance to learn from the best consultants in the business.
However, finding the best consulting internship is not an easy task. There are so many consulting internships out there, and it can be hard to decide which one is right for you.
In this blog, we have compiled the top 10 best consulting internships for you. We have also included the required requirements and benefits of each internship. So, if you are looking for the best possible opportunity to learn about consulting, read on.
1. McKinsey & Co. — Business Analyst Intern
McKinsey & Company is the premier management consulting firm in the world. With offices in more than 60 countries, McKinsey & Company offers a range of services to clients around the world. McKinsey & Company offers a variety of positions for professionals in a variety of fields, including finance, technology, operations, and marketing.
The Business Analyst Intern at McKinsey & Company will report directly to the Business Analyst, helping to manage business analysis projects. The Business Analyst Intern will help with the analysis and development of solutions across a variety of industries, including airlines, consumer goods, food, healthcare, and more.
McKinsey & Company offers a variety of full-time and internship positions for students and recent graduates.
2. Boston Consulting Group — Consulting Internship
Founded in 1963, the Boston Consulting Group (BCG) is one of the world’s leading management consulting firms. The firm’s headquarters are in Back Bay, Boston, Massachusetts, with other offices located around the world. BCG’s clients include multinational companies, governments, and non-profit organizations.
Additionally, BCG’s leaders hold an impressive portfolio of business awards. Former BCG consultants include former Secretary of State Colin Powell and the founder of Yahoo!, Jerry Yang.
Apart from its public-facing consulting services, BCG also operates a research department, which publishes several academic papers and books each year. The firm’s research department has published articles in such prestigious academic journals as Harvard Business Review and Sloan Management Review.
3. Boston Consulting Group— GAMMA Internship
The Boston Consulting Group GAMMA Internship (GAMMA) is a 6-8 week paid summer internship that fosters teamwork and leadership skills by placing teams of first-year students alongside senior consultants to solve real business challenges.
The Boston Consulting Group GAMMA Internship provides opportunities to gain exposure to a range of business areas and industries, but the core program focuses on Technology, Media, and Telecommunications (TMT). These areas include traditional technologies, internet and mobile technologies, new technologies such as the cloud, Software as a Service (SaaS), and Internet of Things (IoT).
The program also includes career coaching, leadership training, and personal development activities. These activities complement the work challenges that students work on throughout the summer.
Finally, the GAMMA program boasts an unusually high acceptance rate among top business schools. Students interested in the program should check to see whether their school participates in the GAMMA program.
4. Bain & Co. — Associate Consultant
Bain & Company, often referred to as the “M&A powerhouse”, is a strategy consulting firm that advises clients on various topics, including marketing, operations, and finance. With 35 offices around the world, Bain & Company boasts an impressive 2,500 consultants.
Bain & Company’s consulting services cover a wide range of topics, including both corporate and organizational issues. Their corporate services include mergers & acquisitions (M&A), finance, marketing, and operations consulting. With an impressive 2,500 consultants, Bain & Company has a broad client base, including Fortune 500 companies.
Bain & Company’s organization consulting services are focused on the development and implementation of corporate strategy. Their organizational consulting services typically focus on organizational restructuring and organizational effectiveness.
5. Deloitte — Summer Scholar (Strategy)
While Deloitte is among the top 10 best consulting internships, it is also one of the latest firms to develop a program specifically for graduate and undergraduate students.
The firm’s summer internship program, known as the Deloitte Summer Scholar program, provides undergraduates and recent graduates with the opportunity to experience life at Deloitte during an eight-week summer program. During this time, students work in a team environment to project manage several real-life business challenges, including software strategy, cybersecurity, marketing, and strategy.
Deloitte Summer Scholars are given the opportunity to rotate through different projects throughout the program, giving them the chance to work with and learn from a variety of Deloitte consultants.
6. Accenture — Student Leadership Program
Accenture is one of the world’s leading consulting firms and is a global leader in strategy, consulting, digital, technology and operations. The Student Leadership Program at Accenture is part of the company’s Summer Internship Program and offers outstanding opportunities to intern in a creative and collaborative environment.
Interns at Accenture work closely with experienced professionals who help them gain increased confidence, develop deep technical and professional expertise, and build confidence. This experience is invaluable to students interested in pursuing a career in consulting.
Interns can choose from five different areas of focus:
Strategy & Operations: Interns in this focus gain experience working with business and technology professionals. They deepen their knowledge of business functions, work with clients, and view problems from the client’s perspective.
Business Advisory: In Business Advisory, interns work with business experts to strategize, develop, and deliver solutions to clients. They collaborate with peers across functions and develop the business acumen necessary to succeed in consulting.
Digital & Technology: This focus focuses on how companies use digital technologies to create value for their clients. Interns in Digital & Technology work with clients to solve complex business challenges using digital technologies. They develop technical solutions, manage IT projects, and design and develop applications.
Consulting: In this focus, interns work with consulting teams to solve business problems and help clients grow and innovate. This focus includes opportunities for students to gain consulting experience with clients such as Morgan Stanley and McDonald’s.
Technology: This focus focuses on technology strategy and technology operations. Interns develop the technical expertise necessary to work in the field and gain experience in the areas of technology strategy, enterprise architecture, and IT operations.
7. PwC Strategy& — Start Internship
PwC, along with Strategy&, is one of the world’s premier consulting firms. Strategy& focuses on rethinking business models for the digital age. PwC, on the other hand, focuses on solving complex business and technology problems. Strategy& helps companies become more digital, while PwC helps them become more efficient.
Strategy& mostly focuses on helping companies develop the digital capabilities they need to succeed. PwC, on the other hand, helps companies become more efficient, which may be more important in today’s competitive business environment.
8. Kearney — Summer Internship
Kearney & Company is a top management consulting firm that creates value for clients in a variety of industries. The company leverages its deep industry knowledge to assist clients with complex business decisions and identify opportunities to improve results.
Kearney & Company summer interns work on a range of projects that focus on improving and optimizing business operations. In addition to working on clients projects, Kearney & Company interns also interact with members of the leadership team.
All Kearney & Company summer interns receive a formal training program that prepares them to take on key management projects. The company places an emphasis on leadership development, so summer interns gain valuable experience that prepares them for a career in consulting.
9. Bain & Co. — Building Entrepreneurial Leaders (BEL) Program
Bain & Co. has named its junior management training program “Building Entrepreneurial Leaders (BEL)” to develop its junior managers into young leaders of the firm. Bain leverages its senior expertise to identify the most promising talent from its new recruit classes.
These individuals are then offered the opportunity to be trained as junior associates, which ultimately helps develop them into future leaders of the firm. Bain’s junior program thus helps train its future leaders while identifying appropriate candidates from the new recruits.
Bain’s BEL program helps its junior associates understand its strategy and helps them develop strategic thinking, problem-solving, leadership, client engagement, and teamwork skills. This helps them develop the skills they need to become future leaders of Bain.
10. Deloitte — Discover Intern Summer (Freshmen and Sophomores)
Deloitte is one of the world’s leading professional services firms. The interns go through a rigorous selection process that evaluates writing skills, analytical abilities, and interpersonal skills. During their internship, interns have the opportunity to work with different teams in different divisions where they get to meet senior consultants and executives.
Deloitte offers a competitive pay package for its interns. In addition to competitive pay, Deloitte offers other benefits such as paid vacation, tuition reimbursement, and relocation help. Deloitte also offers free housing, food, and transportation for students living outside New York City.
Deloitte’s summer internship program selects 1,000 outstanding students each year. Candidates are required to meet the minimum requirements, which include a GPA of at least 3.2, and a strong GMAT score.
The Top Reasons To Pursue A Consulting Internship
The top 10 reasons to pursue a consulting internship;
- To get valuable real-world experience in the field of consulting.
- To learn new skills and build upon existing ones.
- To network with professionals in the industry.
- To gain a better understanding of how businesses operate.
- To develop a more well-rounded resume.
- To earn money while pursuing an education or career path.
- To get course credit.
- To improve your chances of getting a job after graduation.
- To learn about different cultures and customs.
The Benefits Of A Consulting Internship
A consulting internship can be a great way to increase your understanding of the industry. This is because you will be working with real clients and will have the opportunity to learn about their businesses. In addition, this type of internship can help you build your resume and skills in a variety of areas. Additionally, working with clients can give you valuable experience that you can use when looking for full-time employment. Finally, interning in consulting can also provide connections that you may need in the future.
How To Get The Most Out Of Your Consulting Internship?
When choosing a consulting internship, it is important to remember that the best ones offer the opportunity to learn and grow. If you are able to take advantage of all the resources available to you, such as training programs, workshops, and meetings with company representatives, then you will be well on your way to a successful internship.
Here are some tips on how to make the most of your consulting internship experience:
1. Ask questions during your internship. Not only will this help you gain an understanding of the company’s products or services, but it can also lead to new ideas for future projects. Additionally, make use of online resources such as Google Scholar and The Consultant Connection in order to stay up-to-date on industry trends and developments.
2. Take advantage of training programs, workshops, and meetings with company representatives that are available at your internship site or through your selection committee.
3. Make sure that you set reasonable goals for yourself while interning; by focusing on developing specific skills instead of trying to do too much in too short a time period, you will be able to maximize the benefit of your experience.
Top Skills Gained From Completing A Consulting Internship
As a student, you may be wondering what skills you’ll need to land your dream job. Well, one of the most important skills is the ability to work under pressure and manage time wisely. During your internship, you’ll learn how to do just that. Not only will this skill set help you in your career, but it will also give you the experience and confidence to handle any situation.
Another important skill for consulting is excellent written and verbal communication. You’ll need to be able to explain complex concepts in an easy-to-understand format, as well as communicate with clients effectively. This can be a challenge at first, but with practice, it becomes second nature. Plus, having good communication skills can save both you and your client time and hassle down the road!
In addition to communicating effectively, another key skill for consulting is thinking critically and solving problems. From analyzing data sets to coming up with creative solutions, these tasks are essential if you want to succeed in this field. And finally, learning how to present information in a clear and concise manner will definitely come in handy when working with clients or presenting findings/results to others within the company/organization.
By completing an internship during your studies, not only will you gain invaluable experience; but you’ll also develop strong relationships that are crucial for landing future consulting jobs!
A consulting internship can be an extremely beneficial experience for any college student. From real-world experience to the opportunity to network with professionals, there are many reasons to consider interning in this field. Additionally, interning can also help you build your resume and skills in a variety of areas. So if you’re considering your internship options, make sure to keep consulting at the top of your list!