Category Archives: Internships

How to get a high paying internship

During my third year in college, I started to search for an internship, however the journey wasn’t as smooth as I had hoped. I realised that the process is gruesome for students, and you face so much rejection for the first time in your life. I had given tens of interviews but failed at the the last or second last stage in all. I eventually secured an internship after both semesters had finished and some of my batchmates has already started their internship. However, the company where I eventually did my internship was a big one, Deloitte. Also, I got to work on the exact kind of projects I had wished to work on and always wanted to learn. Here I would like to share my experiences and the things I learnt regarding how to search for an internship.

Don’t do this:

  • Don’t go to a big company’s website like Microsoft or McKinsey and search/apply for internships. There is a very high chance that you won’t ever hear back from the company. This is because they want to collect potential employees data, even though they aren’t actively looking to hire. These websites make you fill out an entire application form where you have to type everything which is already in your resume, such as education history, employment history etc. Time wasted per application can be around 15 minutes.
  • Connect with random people on LinkedIn who work at the companies you want to work at, and ask them if they can help you get an interview. When the person is a complete stranger, they don’t have much motivation to help you out. You will waste time doing this.

Do this:

  • Make an interesting data science project which you can showcase to others. Write a LinkedIn post about that, and mention that you are looking for internships. If you don’t have any project to show, write a simple post mentioning about your interests and say that you are looking for internships.
  • Use LinkedIn Advanced search tools to find people who graduated from the same college as yours and are currently CEO/founder/CTO as some company. These people are most likely to help you.
  • Go to reputed job websites like Indeed, Monster, AngelList Talent and search for matching internships. Apply to them.
  • Search for keywords like ‘Founder’, ‘Hiring data science intern’, etc to find people who might be interested in hiring interns. Message them asking for an internship.
  • This trick is super effective: if you contact someone and they say something like, “Sorry, I don’t have any opportunities in my team”, request them to share your resume in their company or college alumni group. If a single person does this, you are very likely to hear back from someone who is looking to hire.
  • To search for an internship at large companies like Microsoft or McKinsey, go to a job portal (like Indeed, LinkedIn, Monster etc) and search for the company’s name. If there’s an opening, it means the company has recently posted that and is actively looking to hire.

These were some of the things I could suggest, based on my personal experience. Your experience could be different, but for most people, the above steps will help you save time and apply better. I personally wasted a lot of time on the 2 things I mentioned in the ‘Don’t do this’ section.

If you have some other ideas, do suggest them in the comments below.

Now comes the part of negotiating your stipend. This is where most candidates feel shy and simply accept whatever is being offered. I strongly suggest to negotiate. Don’t worry, no company is going to reject you just because you asked for a higher stipend, they handle salary negotiations regularly with full time employees. You should proceed with a mail mentioning an amount around 33% higher than what they said as your expectation. Depending upon their budget it’s quite likely they would agree for what you asked or a bit lower than that. They might ask you the reason why want the specific amount, and one of the simplest answers is, “I have done some calculations, and XX amount will allow me to manage my living expenses on my own, without being dependent on my parents.”

Hope the above suggestions help you. If you have any questions, feel free to ask in the comments.

How to tailor your resume for a consulting job/internship

Your resume is the first and only thing that the company will see to qualify you for an interview for a consulting job/internship. It’s very important to make the person seeing your resume believe that you are a good fit for the role and an avid learner. Here are some things to write in your resume, .mentioned section-wise, which will make you look a promising candidate. Remember that the purpose of your resume is to get you an interview, after that it’s only your interview answers that decide whether you get the job or not.

For experience section:

Do an online internship from companies like Deloitte, KPMG, Accenture from The Forage. It’s a website where you can do virtual experience programs, some of which are listed as internship. There is no interview or resume submission. You can simply do it as an online course for free, and you will get a legitimate certificate of completion of internship. Don’t list more than 2 such internships on your resume.

Write a freelancing project you did for a startup/local business and write it as a freelance consulting project. (If you haven’t done it, go ahead and do it now). A freelancing project will show that you went ahead and did something for consulting out of your passion. You can do something like helping a startup reach more customers by making a marketing plan for their services.

Write atleast 2 projects/internship you did either as part of your coursework or independently which show your hard skills. (Hard skills means proficiency in a tool/programming language. Example: Excel, Python,

For Education section:

Do online courses from Coursera/Udemy related to consulting and mention them in your Certifications/Key Courses sub-section. Choose courses that help you develop key soft skills. PwC’s Analysis and Presentations Skills is a good one. Yale University’s course on negotiation is also a good one.

Don’t write your GPA is it’s not a good one.

For Skills section:

Some potential skills to write: Excel, Powerpoint, Negotiation (this is something not many people will write, make sure you’re ready to prove it in interview), Public Speaking, Data analysis and presentation

Watch a foreign language’s youtube tutorials (like Mandarin or French) and mention that you have Beginners level proficiency in it. This adds a level of uniqueness to you, since not many will have it. You should learn enough to show in an interview that you have made some effort in learning it.

For Awards and Achievements Section:

Search for Business Plan competitions and submit your entry to them. If you make one decent proposal and send it to several competitions, chances are that you will reach the finals of a few of them. You’ll be surprised to know that most B-Plan competitions don’t usually get many applicants. If your proposal is decent, you will definitely make it, at least to the finals.

For Hobbies and Interests section

You should be truthful in this. Definitely write any things that you enjoy doing, but don’t write listening to music, watching movies, or any leisure activity where you are completely inactive. Things like gardening, photography, blogging etc are good hobbies to mention.

 

Consulting internship/job cover letter examples for McKinsey/Bain/BCG/Deloitte etc

Paragraph 1, Here you answer “Why you want to be in consulting?”

Consulting is more than just giving advice. It’s about challenging problems, the ones which aren’t the cup of tea of everyone.

It is this challenging environment that lures me. The sophisticated approach that brings out the best outcome for every stakeholder in a project, is something I believe, no individual should miss out learning.

Learning is a constant process in life, but not everyone gets the chance to grow at the speed that one would desire. The diverse skill sets that the job of a consultant requires makes one to upskill everyday.

In the past, I’ve talked to startup founders and brainstormed with them to identify solutions that we could implement to solve specific issues. Seeing the positives outcomes of my contributions has been one of the most satisfying accomplishments I’ve had. Having that as my career, I could have that sense of accomplishment every single moment.

Paragraph 2, here you answer the question “Why McKinsey (or Bain/BCG/Deloitte etc)?”

The company introduction talk made it very clear that McKinsey & Company works on projects that create a significant impact. There is constant exchange of ideas between senior management and associates, which sustains constant learning. With the unique culture that the company inculcates, it is not surprising that it is constantly voted as among the best places to work for. McKinsey is the epitome of management consulting, it has survived the tests of time, and I definitely want to be a part of this great organisation.

Paragraph 3, here you answer the question “Why you are suited?”

I spent my summers of 2019 at Deloitte, where I got to know consulting up close. My responsibilities there were primarily in my vertical, but from interactions with other co-workers, I got a sense of each of their roles’ daily routine and tasks.

In my most recent internship, with ABC Technologies (a startup to enable brands to generate more leads and help them in business development), in addition to my core responsibilities, I worked on identifying specifics of our approach and suggesting methods to improve our offerings and gain competitive edge over our competitors. The pre-placement offer they gave me was more due to this work than my main project.

A company like yours receives hundreds of job applications each day and I’m sure for this opening as well there are hundreds contesting for the few positions, but what makes me stand out from them is my domain knowledge that I gained from the countless discussions I’ve had with your company’s employees and alumni, and my past projects. I believe my experience makes me closer to the the expectations from the ideal candidate for this job, than most other applicants.

Conclusion

My interest in consulting is not due to the perks it brings, but due to the opportunities to learn and grow myself. I’m aware of the late working hours, lots of powerpoints, and many other things which don’t sound appealing. However, with me being in my early twenties and filled with the passion and energy to learn, this might be the only time in my life I can give my 110% to the organisation I join and supersede my employer’s expectations.

List of best consulting internships currently open in US

Management consulting is an excellent field to pursue, if you want an overall development of your skills, personality and life. Firms like McKinsey, Bain and BCG are always looking for great students and it’s always a good idea to apply to as many internships as you can. The ones that are currently open to hiring candidates are listed below:

  1. McKinsey: The best known company, which is also considered as a status symbol. Link to apply: here
  2. Bain and Company: They have different internship programs for Bachelors students and MBA students. For Bachelors, they have Associate Consultant Interns. and for MBA, they have Summer Associates. Bachelors: here, and MBA students: here.
  3. Boston Consulting Group: According to BCG, they are always hiring interns. You can apply here.
  4. L.E.K. : apply here
  5. Deloitte: They have quite a confusing website. You can find their management consulting internships here.
  6. Accenture: apply
  7. PwC: apply
  8. EY-Parthenon: apply
  9. Strategy&: apply
  10. Oliver Wyman: apply
  11. Booz Allen Hamilton: apply
  12. AlixPartners LLP: apply
  13. KPMG LLP (Advisory): apply
  14. Kearney: apply
  15. Alvarez and Marsal: apply
  16. Charles River Associates: apply
  17. Slalom Consulting: apply
  18. CapTech: apply
  19. Roland Berger: apply
  20. Protiviti: apply

How to get an internship at Harvard/Stanford/MIT or similar university

If you are in college, doing an internship is the best way to spend the vacation and add a major point in your resume. Most students do internships close to their college or home, some even do in far off cities. But very few do a university internship abroad. For a university, they are always looking for skilled people with an aptitude for a very specific niche.

If you want to be one of those who get the chance to go abroad and pursue an internship, read on.

In short the process is: you identify the field you want to work in, find out the professors working in the area (s). Find out their email id, and send each of them a customised email. You will have to contact each professor individually, and request him to hire you.

You need to be very careful in your approach, and please avoid the most common mistakes that people make in this process, which I’ve detailed later in this article.

Note that if you are going to be working in a university, you will be pursuing a research internship, and in most cases it will be on a project the professor is already working on. Very rarely any Professor would start a new project for an intern.

The wrong approach:
1. Go to a university’s website
2. Make a list of Professors and email ids
3. Send same email to all of them asking for internship

The correct approach:
1. Go to scholar.google.com
2. Search for your area of interest
3. Read the summary of papers and make a list of the authors whose papers you liked. If email id is not mentioned in the paper itself (or if you are unable to see the paper then search the authors’ name and affiliated institution on Google and get their email id.
4. Write a customised email for that professor. (When you write a mail to someone who you don’t know, it’s called a cold email). Make sure it has the major elements of a cold email.

Sample email

(Andrew Ng is a very famous Machine Learning researcher from Stanford University, who also founded Coursera)

Subject: Regarding possible internship opportunities under you

Mail:
Respected Prof. Andrew,
Greetings! I am Bhavesh, a fourth year undergraduate student pursuing from XYZ University. I am writing this mail to enquire about possible internship opportunities under you. [1. This is where you give simple introduction of yourself and in a straightforward manner, ask what you want from the person]

While researching, I stumbled upon and went through your paper “Rectifier Nonlinearities Improve Neural Network Acoustic Models” and really liked the work you and your team did. I am also very interested in this topic and have been working on it for quite some time. [2. This is very important, it shows that you are writing a personal mail and not one which has been sent to multiple people. It also shows that you are actually interested in the professor’s research areas.]

In the past I have worked on multiple topics in applied Machine Learning, most recently being under Prof. K. Venugopal, XYZ University, on the topic “Using Neural Networks for Stock Market Index Prediction”. Our work was well appreciated and also presented at the ABC Conference. [3. Here you are trying to tell that you have some experience in the field where you want to work.]

I went through several other research papers of yours and really liked your work. It would be an honour for me to work under you.

Please find my resume attached. [4. Your resume is required, Prof. would want to see more details about your education and experience before he takes the discussion forward.]

Waiting for a positive reply.

Regards,
Bhavesh

XYZ University

Common mistakes:
Sending the same mail to multiple professors
Not talking about your research experiences and why you are interested in his
Starting the approach very late. Ideally you should be done at least 2-3 months before the expected start date of your internship.

Hope the above article helped. Reply to this, if you want any questions.