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	<title>Management Consulted &#187; consulting workplan</title>
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		<title>Consulting summer internship: 6 secrets to guaranteeing a return offer</title>
		<link>http://managementconsulted.com/summer-internship/consulting-summer-internship-6-secrets-to-guaranteeing-a-return-offer/</link>
		<comments>http://managementconsulted.com/summer-internship/consulting-summer-internship-6-secrets-to-guaranteeing-a-return-offer/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 01:06:08 +0000</pubDate>
		<dc:creator>Kevin</dc:creator>
				<category><![CDATA[summer internship]]></category>
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		<category><![CDATA[consulting summer internship]]></category>
		<category><![CDATA[consulting workplan]]></category>
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		<description><![CDATA[Today we continue our discussion on consulting summer internships. Part one on preparing for the internship here. As a summer intern, you&#8217;re the baseball equivalent of a utility player. What&#8217;s a utility player, you ask? A utility player is one who can play several positions competently, a sort of jack of all trades (Wikipedia) Get [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Today we continue our discussion on consulting summer internships. Part one on <a href="http://managementconsulted.com/summer-internship/preparing-for-management-consulting-summer-internship/">preparing for the internship</a> here.</p>
<p>As a summer intern, you&#8217;re the baseball equivalent of a utility player. What&#8217;s a utility player, you ask?</p>
<blockquote><p>A utility player is one who can play several positions competently, a sort of jack of all trades (<a href="http://en.wikipedia.org/wiki/Utility_player">Wikipedia</a>)</p></blockquote>
<p>Get comfortable doing whatever needs to be done. In all honesty, <strong>your value is limited</strong> &#8211; you&#8217;re just getting started in the professional world! Contribute in any way that you can &#8211; from little things like planning team events to big things like pointing out a key insight in a client meeting.</p>
<p>Here are <strong>6 key principles</strong> that will go a long way towards a return offer and a consulting career.</p>
<p><span id="more-1766"></span></p>
<p><strong>1. Build a good relationship with your engagement manager/team leader</strong></p>
<p>Several important to-dos:</p>
<ul>
<li><strong>Develop a detailed workplan</strong>. Most interns will have a discrete chunk of work (whether that&#8217;s building competitor profiles or conducting primary market research). You should proactively build a workplan complete with <strong>deadlines</strong>, examples of <strong>deliverables</strong>, and <strong>precise steps</strong> for how you&#8217;re going to accomplish things. It will build your manager&#8217;s confidence in your abilities, and provide you a roadmap for your summer
<li><strong>Schedule weekly time with your manager</strong> for checkup and feedback. Given consultants&#8217; chaotic daily schedules, it&#8217;s good to have a set weekly time to catch up. Take this opportunity to discuss your accomplishments over the past week, your plan for the upcoming week, and <strong>ask for input</strong> frequently. This allows you to get buy-in, and <strong>surface problem areas</strong> that need to be addressed (eg, your manager thinks you&#8217;re too quiet in the customer interviews)
<li><strong>Send daily email updates</strong>. Every manager has a different style so <strong>tailor accordingly</strong>, but most appreciate frequent updates. At the end of each day (particularly if you&#8217;re working alone), send your manager an update with 3 accomplishments, 3 tasks for the upcoming day, and <strong>highlight areas</strong> where you need their feedback
<li><strong>Seek approval for end-products</strong>. Have a clear idea of what your end-product will look like (if it&#8217;s a set of slides, draw up <strong>ghost charts</strong> and templates; if it&#8217;s a model, <strong>build a mock-up</strong> with filler numbers). These end-products will ultimately change, but it&#8217;s important to <strong>have a vision</strong> for them and to run through that vision with your manager. After all, your end-product will define your work &#8211; it helps to be on the <strong>same page</strong>
</ul>
<p><strong>2. Leverage associates and senior consultants on your team</strong></p>
<p>Most teams include at least 1-2 senior consultants. They&#8217;ve been there, done that, and are back for more. And <a href="http://managementconsulted.com/2008/12/16/question-of-the-day-management-consulting-versus-investment-banking/">unlike banking</a>, they&#8217;re typically <strong>happy to help</strong>. </p>
<ul>
<li>When you don&#8217;t know how to do something, ask them. Chances are, they&#8217;ve done it many times before. It doesn&#8217;t matter how small the issue &#8211; <strong>fix your mistakes early</strong> or they&#8217;ll snowball into something much worse
<li><strong>Take them to lunch</strong>. They all went through the <a href="http://managementconsulted.com/2008/12/24/overview-of-the-management-consulting-recruiting-process-from-information-sessions-to-interviews-to-negotiating-the-offer/">consulting recruiting process</a>, and they all have more experience than you. It&#8217;s a great way to <strong>better understand</strong> the job/industry and decide if it&#8217;s the right fit. In addition, many will have contacts in other offices and departments and can <strong>help you network</strong> (for example, if you&#8217;re interested in an overseas project or a particular function)
<li>You may be managed directly by an associate (this is a common practice in investment banking). It helps to <strong>build a good relationship</strong> ASAP!
</ul>
<p><strong>3. Own your piece of work but be knowledgeable about other workstreams</strong></p>
<p>This advice applies to every job, but there are some pecularities to consulting: </p>
<p>Number one, managers will always appreciate if you have a <strong>point of view</strong>. Don&#8217;t be stubborn, but always have an opinion on WHAT needs to be done and HOW to do it</p>
<p>Number two, <strong>propose new ideas</strong> and new tactics. Just because your task is clearly defined does not mean you can&#8217;t go beyond. Your initiative will be appreciated</p>
<p>Number three, take an <strong>active interest</strong> in your teammates&#8217; work. You&#8217;re expected to contribute in team discussions. Your own responsibilities don&#8217;t excuse you from understanding what&#8217;s going on around you. Do this by <strong>tactfully</strong> inquiring about other workstreams, asking insightful questions, and <strong>offering help</strong> whenever needed</p>
<p><strong>4. Speak out in team meetings</strong></p>
<p>Touched upon in a previous post on <a href="http://managementconsulted.com/consulting-jobs/management-consultant-jobs-5-mistakes/">job mistakes</a>. It&#8217;s particularly important as an intern to speak up during meetings and conference calls.</p>
<p>Expectations are low. You have a <strong>huge margin</strong> for error.</p>
<p>Ask smart questions. Contribute insights from your own workstream.</p>
<p class="alert">One helpful trick is to <strong>stay current</strong> on news about your client. Subscribe to <strong>Google News</strong> company alerts. Frequently this knowledge will come in handy during team discussions, and usually other team members are <strong>too overwhelmed</strong> to be as familiar as you</p>
<p><strong>5. Get face time with partners</strong></p>
<p>To guarantee a return offer, you&#8217;ll need at least 2 partners who are solidly in your corner.</p>
<p>While most projects will provide a few opportunities for you to present work in front of partners, you should go beyond that and <strong>schedule your own</strong> face time.</p>
<p>Have an agenda for these meetings &#8211; do not &#8220;shoot the shit&#8221; unless you know them well. Example topics include: questions about a particular industry practice that you&#8217;re interested in (eg, automotive); additional insight on the firm&#8217;s work with your client.</p>
<p><strong>6. Look for opportunities to get involved outside of the client project</strong></p>
<p>This is the least important responsibility, but <strong>strongly recommended</strong> if you have the time. There are plenty of ways for interns to be involved. Examples include:</p>
<p>-Interns-only <strong>social events</strong> (eg, happy hours)<br />
-Events where interns can <strong>meet consultants</strong>, managers, partners (eg, speaker panels)<br />
-<strong>Summer internship recruiting</strong> (eg, school-specific outreach)</p>
<p>Through these events, you&#8217;ll meet people throughout the firm, reinforce the hard work you&#8217;ve put in, and gain a new perspective on consulting life beyond decks and models.</p>
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