As if high-striving business students don’t already have enough to worry about in this omicron delayed start to the semester, now is the time to start applying for those summer internships. (If you haven’t already.)
Poets&Quants For Undergrads is here to help. Over the next few weeks, we’ll be highlighting the 10 Best Internships for a variety of industries geared to young business students. The internships were evaluated and ranked by Firsthand.co, a career engagement and mentoring platform for college students and alumni, acquired by Vault in January 2021. Formerly known as Career Insider, Vault offers a large database of career and industry guides for a variety of disciplines.
First up: Vault’s 10 Best Consulting Internships for 2022.
To create its top 10 internship lists, Firsthand surveyed more than 11,000 current and former interns about their programs. It evaluated those programs on a 10-point scale in a number of categories including:
- Quality of Life (company culture, hours, work-life balance, flexibility)
- Compensation & Benefits (pay structure, subsidized expenses, technology resources, office space, perks)
- Interview Process (application process, requirements, number of interviews)
- Career Development (including four separate ratings for training and mentoring, quality of assignments, real-life experience, networking opportunities)
- Full-time Employment Prospects (opportunity to obtain a full-time job with this organization)
- Diversity (including four separate ratings for diversity with respect to women, racial & ethnic minorities, LGBTQ+ individuals, and other underrepresented groups)
Relative weights were assigned based on what interns reported valuing the most in their programs, and overall scores were calculated with the following formula: 30 percent career development, 20 percent employment prospects, 20 percent quality of life, 20 percent compensation, 5 percent diversity, and 5 percent interview process. 2022 rankings were based on interviews conducted in summer 2021.
You can see the full internship rankings here, or keep reading to see the 10 best consulting internships, presented in descending order.
10: The Brattle Group Research Analyst Intern
Vault score: 8.411
Academic level: Juniors and seniors
Duration: 6 to 12 weeks
The Brattle Group, based in Boston, consults on complex economic, regulatory, and financial questions for corporations, law firms, and governments around the world. Focus areas include energy, financial institutions, IT, pharmaceuticals, health care, sports, telecom, and media. The Vault Consulting 50 ranked it the 7th overall consultancy firm in 2015.
About the internship: Brattle’s summer internship offers opportunities in its offices in New York City, Washington, D.C., and San Francisco.
“This internship role will provide you with the opportunity to apply the economic concepts you’re learning in the classroom in a professional services setting. It will also help you to improve your research and data analysis skills as well as learn to manage and prioritize tasks. You will work side by side with internationally recognized experts in financial economics, corporate finance, energy, competition, and regulatory economics,” the company states.
- Providing in-depth research, summarizing documents, and communicating with project team members at all levels
- Auditing and contributing to the creation of financial, economic, and operational models
- Adapting economic theory to apply to real life questions and problems
9: Bates White Summer Consultant Program
Vault score: 8.471
Academic level: Rising seniors
Duration: 10 weeks
Bates White is a mid-sized economic consulting firm specializing in economic, finance and econometric analysis. It serves law firms, Fortune 500 companies, and government agencies. Vault also ranked this internship No. 19 in Best Internships For Employment Prospects and No. 20 in Best Internships for Training & Mentorings.
About the internship: Located in Washington, D.C., students are assigned to work on specific projects over an intensive 10-week period.
“Under the direction of senior staff, Summer Consultants will have the opportunity to conduct research on various subjects and synthesize facts; analyze data and information; and prepare presentations and reports for internal and external audiences on multiple projects at different stages in the litigation process. Summer Consultants also contribute to the creation, maintenance, and utilization of databases and spreadsheets that further the development of analyses and materials for presentations and reports to clients and internal audiences. At the end of the summer, participants are evaluated for a full-time position upon graduation,” the company says.
Next page: The Best Consulting Internships, Nos. 8-5