TL;DR: Got admission in a B-school but waiting for the session to begin? A Pre-MBA internship is your stepping stone to get into the corporate world! Apply to these great MBA internships and kick-start your management career.
Akshat had been pretty busy for the last couple of months- after appearing for a number of MBA entrance exams and intense GD-PI sessions, he finally got admitted into a reputed institute. The first semester is still a few months away and to use this time constructively (and not just sleeping or partying), he has decided to take a marketing internship at a startup.
A rising number of students, like Akshat, are opting for an internship after they grab a B-school admit. This phenomenon, known as Pre-MBA internship, has already been established in US and Europe where many companies and institutes have created intensive pre-MBA programs. With the fast growing startup ecosystem in India, many students are exploiting the opportunities to intern at a startup after they get admission into a B-school. Here are a few benefits of going for a pre-MBA internship:
1. A confident and self-assured personality:
After working on real projects and managing big responsibilities, you gain that sense of self-assurance which is normally not observed in students. Aakriti, for example, handled Ad-Sales during her internship and interacted with a lot of companies. That experience helped her while leading the organizing team and approaching sponsors for her college fest.
2. Relate to the theoretical concepts taught in the classroom:
Once you start your B-School journey, you’ll get acquainted with case studies and Class Participation (CP) grade. After interacting with many professionals and handling various projects during your internship, you understand the nuances of running an organization. With a better understanding of the case studies, you are more likely to participate in the class activities, thereby improving your CP grade.
3. Clarity about the specialization you want to pursue:
You’ll have to choose a specialization in the second year of your MBA. So, by doing an internship beforehand, you can test drive a potential field of interest. For example, a Marketing or Finance internship will help you understand the nuances of that particular specialization and clear any biases/stereotypes that you may have.
4. Get your finances in order:
You will be spending a huge amount on your MBA tuition fee. An internship is a great opportunity to earn a good stipend and lessen the financial burden on your parents; you won’t need to depend on your parents for the monthly allowances. After all, a penny saved is a penny earned!
5. More ammunition to your application for MBA summer internship:
Having a bit of real-world exposure under your belt makes you more competitive and gives you an edge when you interview with recruiters for a summer internship at the end of your first year. Many times, the professional network you develop during your internship can even help you find a summer internship; you can even spend your summer at the same company if you had a good experience during your pre-MBA stint.
We hope this was useful and you grab a pre-MBA internship before embarking on your B-School journey; you can find some amazing management internships here .
If you are also planning to go for an MBA and have something to add, we would love to hear; please comment below.
4 thoughts on “Pre-MBA internship – A Stepping Stone for Your Corporate Career”
How and from where can I do internship for BBA.
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Where can we find Management consulting Internships?
To apply to awesome internships register with us using the following link –
You can check internship in the field of Management here –
And apply to the ones which suit your profile the best.
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Thomas Jeng, Summer Associate (Pre-MBA internship)
Thomas Jeng is an incoming MBA student at the Yale School of Management (Class of 2019). Most recently, he was responsible for APAC advisory services in CEB’s Financial Services practice. Previously, he was an Associate with BCG and also led business development for a boutique advisory firm in Washington, DC.
After I left my job as a management consultant to prepare for an MBA program, I was looking for something to do over the summer that let me to work with fresh ideas and young companies. Luckily, a friend connected me with AppWorks, a leading startup accelerator in Asia as well as an active early-stage venture capital firm located in Taipei, Taiwan, where I’ve been able to do exactly that as a Summer Associate.
Over the past two months, I’ve been able to get a much better understanding of:
- The raw potential and challenges of technology startups
- Venture capital logic and practices
- The digital economy in Greater Southeast Asia
Getting to know technology startups
I previously worked primarily with large corporates in financial services and energy, which tend to be conservative and focused on stability. Working at AppWorks gave me a chance to learn firsthand about the needs of lean, rapidly-scaling tech startups.
In helping Jessica, our Associate, and Ching, an Analyst, to conduct investment due diligence on two emerging social networks, I analyzed user engagement, ARPU, CAC, and other metrics to assess their viability and growth prospects. I was also able to participate in detailed interviews with founders and their core teams. Hearing about their plans left me excited about their enormous growth prospects – something I rarely felt in working with established organizations.
This is not to say that the startups here are without challenges. Many teams were short on resources and management experience. For example, I had the opportunity to teach one founder how to use basic Excel functions – that definitely had never happened before in my previous work. Seeing the teams move forward usually meant seeing them struggle. But I also saw them learn and grow at incredible rates by working with AppWorks staff and using the Accelerator’s resources.
Understanding venture capital logic
Given my relative lack of experience in dealmaking, I also appreciated getting an understanding of the venture capital investment process. By participating in weekly investment committee meetings, I saw how the AppWorks team sourced deals, conducted due diligence, determined valuations, and negotiated terms. While none of these concepts were totally foreign to me, seeing the process gave me a much better sense of how VC investors think, particularly about risk and returns.
I also learned a great deal by participating in AppWorks’ weekly “VC Series,” internal training sessions focused on teaching staff (including non-investment staff) about everything from DCFs to industry developments. As an example, during one session we worked together on an investment decision tree for an emerging consumer goods provider in Indonesia, laying the groundwork for fuller due diligence.
Building on the regular meetings, Partners Jamie and Joe kindly took the time to have lunch with me. I was able to use that one-on-one time to sharpen my understanding of industry trends and digital business models. I also appreciated that they helped me think through career decisions, pushing me to get involved with the tech industry in a way that will be most beneficial to my development.
Digital economy in Greater Southeast Asia
Working at AppWorks, I saw how the AppWorks team is working to realize their vision of embedding Taiwan in the Greater Southeast Asia tech ecosystem. AppWorks is increasingly promoting the accelerator abroad in places like Singapore, Jakarta, and Kuala Lumpur. Sitting in on interviews for the incoming Accelerator batch, I was impressed by how many applicants were from outside of Taiwan and already had a high opinion of AppWorks.
I was also able to work closely with the AppWorks team to drive the firm’s efforts in Southeast Asia. In one project, I analyzed the retail SaaS landscape throughout the region, helping one of AppWorks’ portfolio companies define their market entry strategy. In addition, I worked with Recruiting Specialist April to create a Summer Associate program aimed at international MBA students, and helped overhaul recruiting communications to be more attractive to talent with overseas experience.
My time with AppWorks was quite short – only about two months – but I’m grateful to have gotten exposure to a wide range of activities and skillsets critical to the tech startup ecosystem. I’m also pleased that I was able to contribute to the firm’s investment process and operations. Most importantly for me, though, was that working with AppWorks helped me gain clarity into what I want to do following the MBA. My experiences here have persuaded me to commit myself to working hands-on in this most exciting of industries.
I would strongly encourage anyone with even a passing interest in the tech industry in Asia to take a close look at AppWorks career opportunities — they are currently hiring Associates , Analysts and Summer Associates 2018 (MBA internship).
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This summer, 24 members of the Class of 2019 got a head start to their Booth experience through the pre-MBA program called Startup Summer. Across the globe, soon-to-be Booth students were paired with Booth-founded startups to explore their entrepreneurial function and industry goals. Cofounded by Booth alumna Andrea Sreshta, ’16, LuminAID is a women-founded Chicago-based startup that makes solar-powered inflatable lanterns for disaster relief and outdoor recreation. Find out what incoming Booth students Erich Bao, Jessica Goldberg, and Michael Hull had to say about their experience at LuminAID, and how it will impact their time at Booth going forward.
Continue reading Booth Startup Summer →
Incoming Class of 2014 student Rob Mazzoni took it upon himself to secure an internship this past summer at a startup in San Francisco called Airtime. He reached out to TBE to discuss his experience there and what his key take-aways are.
Continue reading Summer Internship Series: Pre-MBA Internship →
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