The recruiting process

Similar to the fulltime process. Summer recruiting typically begins in January/February at college campuses for undergraduate and MBA. Expect a standard succession of information sessions/mixers/company presentations, then resume and cover letter screens, then multiple rounds of interviews focused on fit/personality and case studies.

The process may be less rigorous than fulltime (eg, one fewer interview round, less challenging case studies) but the competition is equally tough

What if consulting firms don’t recruit for summer interns at your school

I plan to write a full post on this later as its a common concern. You have 3 options:

• Find contacts at target firms through your school’s alumni database. Get in touch with them to learn more about their firm and express interest in working there
• Find contacts at target firms through your school’s career center/career development office. This is typically alumni-based as well, but the career officers may have additional resources (eg, headhunter/recruiter databases)
• Submit resumes and cover letters through each company’s online application process – not all firms have these. Big ones like McKinsey and Accenture definitely well, but you may need to get creative with smaller ones like Katzenbach and LEK

In this situation, your best bet is to network, network, network. Friends, family, university alumni, try to build connections to your target firms and dialogue with those people. That’s the best chance you’ll have of recruiters and HR taking a serious look at your resume

Further reading: What if consulting firms don’t recruit at your school

The goal of summer internships

To receive a fulltime offer! Everything you do over the summer should be geared towards helping you reach this goal. In the process, you’ll learn plenty about the job itself and even if you decide management consulting is not for you, options never hurt.

The standard summer internship structure

You’re assigned to one project that should occupy your entire summer (ranging from 10-14 weeks). There is a very short training period (1-2 days) after which you’re expected to function like a regular consultant – complete with your own workstream and deliverables.

You’ll have several “managers” – someone junior (such as an early analyst or early associate) as well as the standard team leader/engagement manager. There will be an endless stream of social events – designed to help you network with the rest of the office and the fellow “summers“.

How to ensure a return/full-time offer

• Do your work well. This is an absolute must. Doing your work well comes down to three things: #1, understanding directions and clarifying when you don’t; #2, checking and double-checking and triple-checking your work; #3, expressing your opinions often. Participation is critical to a consultant’s job, and if you don’t speak up, you won’t move up
• Network, network, network. The more senior consultants that you meet at the firm, the better your chances of receiving a fulltime offer. Strike up conversations based on shared backgrounds, career goals, personal hobbies, whatever!
• Build a strong relationship with your team leader/engagement manager. They have the biggest influence on your return offer prospects. Create one-on-one time with your manager – setup weekly coffee times to discuss your work, get advice about the job, and so forth
• Ask for continual feedback. This is a great way to not only improve your business skills, but to build rapport with your colleagues and managers
• Impress the lead partners. There are usually several partners who are closely involved with your project and client. Through the summer, you’ll have opportunities to get in front of them – whether that’s presenting a small piece of your work, or chiming in during brainstorming and team sessions. Capture these opportunities – the sooner they know your name and the more times that you impress them, the better your chances of landing that valuable offer

Further reading: 6 secrets for summer interns to secure a return offer

Stay connected:

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So what are the differences between the two? First, I’ll start with the similarities:

1) Consulting travel will usually be a component
2) You’ll work in teams, interacting closely with clients
3) As an analyst/associate/consultant, your focus will be on data gathering, analysis, and presentation. In plain English, this means you’ll receive lots of data from your client, do calculations in Excel, combine that with thorough Internet research and some interviews, and put it into slides to share at meetings

But the differences are very important:

1) While the fundamentals of your work will be the same, the application of that work can vary. Boutique companies like Kurt Salmon typically focus on narrower questions and in fewer industries. At a Big 3 consulting firm (Bain, BCG, McKinsey) you receive exposure to different industries and functions (eg, strategy, operations, organization). In boutiques your exposure is more narrow – at Kurt Salmon, your primary focus would be on retail and consumer goods companies. This is both a pro (you start building expertise) and a con (what if you decide the retail sector is not for you?).

But again, the day-to-day will look very similar. The difference is in the longer-term.

2) As for travel – it depends. Some boutiques do a lot of traveling if they have an industry focus (Kurt Salmon is a well-regarded expert in the retail/consumer goods space, with clients spread throughout the US and internationally). But other boutiques have a more local focus (eg, Slalom Consulting) and thus you may travel very little – most of your work would be with area clients with whom your firm has developed a lasting relationship

3) While you’re guaranteed to work in teams and with clients, both the types of team members, types of clients and nature of interaction could be different. Boutiques have less coverage for clients overall, which could mean you’ll see significantly more client interaction from an early stage, and with more senior members (this is the norm – but I have heard of smaller consulting firms like ATKearney with enormous teams at the client, so it can vary). Your teams will usually be smaller, often with you and maybe one other person as the only real day-to-day presence at your clients. Each of these comes with its own set of pros and cons.

Further reading: Interview with an ATKearney Shanghai consultant

4) Culture can be vastly different

I use the example of a small liberal arts college (Brown) vs a large, public institution (UCLA).

Brown offers greater personalization and support, everyone knows your name, you’re a big fish in a small pond. At UCLA, its harder to standout. The support network is not personalized and easily accessible. While there are more opportunities, it’s up to you to seize them. You’re a small fish in a big pond, but the upside can be higher.

The analogy also applies to large city offices versus satellite/smaller city offices (for example, Bain’s San Francisco office versus their satellite offices in Texas. A great discussion of consulting office selection can be found in my interview with Marquis)

5) Future jobs/exit options. In particular I need to put a disclaimer here, because your situation is largely within your control and the actual situations vary widely. But when we discuss the ACCESS that you have to exit opportunities across industries and job functions, larger firms (like Boston Consulting Group) are the clear winner. Much larger alumni networks, more internally shared recruiting emails and advice, greater brand recognition, the list goes on. Boutiques, given their strong reputation in particular niches, offer plenty of opportunities in the same space – but are distinctly behind in offering opportunities to enter unrelated career paths. These corporate paths usually include (and this is not counting the many who enter graduate school):