The Summer 2020 MBA Internships That Should Be On Your Radar
While this column typically focuses on MBA graduates, we don’t want to leave our current MBA students high and dry. In this week’s column, we’re going to switch our focus from jobs for graduates to summer 2020 internships available for current students. If you are one such person, don’t fret if you haven’t gotten in on this yet—there are a variety of options still available. However, time is of the essence.
MBA Intern for FX Networks — Walt Disney Company
Walt Disney Company is a leading media and family entertainment enterprise. The company is well known for its vault of classic animated movies, soon-to-be streaming empire, and amusement parks.
The company is looking for talented candidates to work as interns for FX Networks, a recent acquisition in the merger of Fox and Disney. The intern will work on studio finance and strategy, update financial models and forecasts and building analyses. In addition, they will have their own project to steward for the length of the three-month (May–August) internship.
Candidates must be currently enrolled in an MBA program or graduated within the past six months. In addition, they should have experience with Excel and PowerPoint and have experience with financial analysis.
Key responsibilities include:
- Learning about the strategic issues facing a television network
- Gaining exposure to financial planning and analysis
- Gaining exposure to strategic finance
More about this internship and others can be found on the Walt Disney website.
MBA Internship — GE
GE is a multinational conglomerate that has been in operation for over 120 years. Headquartered in Boston, the company currently works in the following sectors: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, venture capital and finance, and lighting.
GE is hiring talented MBA students to work as interns at the company, operating at its aforementioned Boston headquarters. The person hired for this internship will be assigned to a senior leadership team project on which it will work throughout the 10-to-12-week internship. In addition to the project, he or she will have a coach assigned to them.
This person will provide them access to senior leadership within the company. Candidates for this position should be currently enrolled in an accredited MBA program and have a 3.0 GPA. In addition, candidates should have three to five years of previous work experience and be able to work full time for the entire summer.
Key responsibilities include:
- Building knowledge of the GE ecosystem
- Establishing networks
- Demonstrating the ability to adapt
More information about this and other internships can be found on the GE website.
MBA Intern — Uber
Uber is a rideshare service that provides rides to customers in more than 785 metropolitan areas around the world. Based in San Francisco, the company also offers a food delivery service (Uber Eats).
Uber is hiring an intern to work out of the company’s corporate headquarters in San Francisco. The person hired for this position will be working on strategy and planning for the company with regard to its community operations in the United States and Canada. This internship will run during the summer. Candidates for this position should be completing their first year of a full-time MBA program and have at least four years of previous experience in investment banking, consulting, or corporate strategy. In addition, candidates should have exceptional Excel skills.
Key responsibilities include:
- Developing strategic insights to support Uber’s sustained growth
- Conducting industry benchmarking analysis
- Providing thought leadership on problems without precedent
Visit the Uber website to learn about this opportunity and many others.
MBA Intern — Ford
Ford is a major player in the automotive industry. The Dearborn, Michigan–based company is the second-largest auto maker in the United States and the fifth largest globally. The company sells vehicles under its own name as well as under the Lincoln name.
Ford is looking for talented MBA students to come to the company’s headquarters and learn more about the company. The person hired will be joining Ford’s finance team, learning more about its globe-spanning operation. Unlike the other internships listed here, this is a leadership program, intended to cultivate talent that will join the Ford family.
Each rotation in the program is 18 months, and interns will go through two rotations. Candidates will have made progress to complete their degree by spring 2021, and they will have at least three years of prior experience in finance.
Key responsibilities include:
- Advancing Ford’s global plan
- Gaining exposure to marketing and sales
- Gaining exposure to financial planning and analysis
More about this program and other opportunities can be found on the Ford website.
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The auto-manufacturing industry offers a number of career choices for business school students and grads. The companies involve more than checking an engine and figuring out a proper paint job. These companies also need smart, business-savvy leaders to bring it into the future. And as climate change makes gas cars less and less practical, the industry is slowly beginning its investment into electric vehicles.
Continue reading…Can IKEA and Instant Pot Teach Us About Competition? MIT Sloan Thinks So
People purchase IKEA furniture because it’s easy to put together. They don’t want to have to buy a drill; they want holes and pieces that easily fit together like Legos. In fact, according to Harvard professor Theodore Levitt, when someone buys a drill, what they want is what the drill can do.
That’s just one reason why MIT Sloan professor Sanjay Sarma believes that IKEA is on the cutting edge of business. While other companies are trying to sell solutions to outdated problems, IKEA has figured out how to solve a core problem.
“That’s what I call inversion,” Sarma says. “You’ve got to wrap yourself around the need and think outwards, rather than limit yourself to your product.”
So, what can IKEA and other companies teach about competition? Sarma provides insight from three recognizable brands who are mastering the art of inversion, and one that failed.
Amazon
When Amazon first got its start, they only sold books. Then, in 2007 when they came out with the Kindle e-reader, they had to compete with both Apple and Google rolling out similar products. But Amazon stayed ahead of the competition by creating a Kindle reading app that could be used on any device. They also unveiled products such as Audible (for audiobooks and podcasts) and the Amazon Echo smart speaker.
They identified the need bigger than books—reading—and fulfilled it.
Instant Pot
In 2009, Robert Wang created the Instant Pot, a do-everything cooking appliance that connected to Bluetooth. It changed the cooking experience, allowing users to remotely monitor their cooking and do everything from slow cook to pressure cook to steam and bake. “It’s stunning,” Sarma says.
The increasingly popular Instant Pot is a relatively new product, created in 2009 by Robert Wang.
Nestlé
Unfortunately for Nestlé, they missed the mark with their smartphone-connected espresso machine. They had an idea that people were in the business of coffee, but instead, it’s actually about the morning experience and taking a few minutes to prepare for the day. They missed the point because they missed what people were after.
Ford Motor Company
Ford tried the inverted approach in 2016 with the purchase of Chariot, a van shuttle service. The idea was to compete with rideshare companies. And while it didn’t work out, it still was a smart move because it indicated that Ford recognized that a need for transportation outweighed the need for a car. Now, Ford has announced the purchase of Spin, a scooter company that uses cell phones to locate available rides—and it shows that they are learning.
You can read the full MIT Sloan story here.
This article has been edited and republished with permissions from its original source, Clear Admit.
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