The Summers of 2019 is a series about the various categories of roles offered by companies for summer internships. We bring to you the experiences of interns from Consulting, Finance, Marketing, General Management, Product Management, Operations and E-commerce roles to understand a bit more about their work life. The articles are meant to give the reader a glimpse into the life of an intern, and maybe help the reader understand their own fit in that particular role. This article describes the life of a consultant intern.
Contributed By: Mohit Piyush Shah
Working at BCG was an exhilarating experience. It was both challenging and fun at the same time as it was all about problem-solving and application of mind. My case was working with a conglomerate in strategizing the setting up of a new business. I consider myself fortunate to have got such an exciting case. The case was more about stepping into the shoes of an entrepreneur and starting from scratch, developing a business and operating model and implementing the same.
My internship assignment involved gaining an overall understanding of the existing business models and operational details of the ecosystem in the north-western part of India, gaining an understanding of how the existing market functions and finding opportunities therein. This was done by hitting the ground and conducting 30+ interviews at various locations as well as analysis of secondary data to form an opinion about the market and identifying opportunities to add value. Next, I evaluated one of the business models in detail, judged its attractiveness by doing desirability, viability and feasibility analysis detailing the business model concept and features needed to address the identified pain-points. I then evaluated the feasibility of these features and evaluated potential partners, revenue and cost streams, and key risks. The last and the most important piece was to do an actual proof of concept testing at one of the client plants and quantify the potential value that can be created by the new business. Overall, it was an intensive summer internship experience with a steep learning curve.
Staffing in BCG is on a pan India level. So even if someone’s home office is in Delhi, staffing can be done on a Mumbai office case for them. Same was the case with my team with 4 out of 6 people from Delhi office staying at St. Regis in Mumbai. So, at times, we used to work from St. Regis itself. This was when I got a chance to meet Brett Lee, who was also staying there during the IPL season. It was a Fanboy moment for me to meet my childhood hero in person.
Like all consulting projects, the work hours were quite hectic. I had to work on many weekends as well. However, this was balanced well by the work culture of BCG. I was treated as a full-time employee and given major responsibilities, and my work was a central piece in forming the strategy. The organization was extremely non-hierarchical, with the people being very friendly and supportive. Their unofficial motto was to work as hard as humanly possible, but party even harder. However, of course, the company expected quality work in return.
The project was very engaging and provided me with deep insights into new business formation. The width of experience that I got on the project was beyond expectation ranging from conducting interviews, brainstorming ideas, analysis of data, testing the solution on the ground. The highlight of my internship was to present my work to the case team partners and senior management.
I was expected to have keen business acumen, hypothesis-driven problem-solving skills, good communication, client interaction skills, and working knowledge of excel. The internship helped me to work on developing interpersonal relationships with various stakeholders and taught me some valuable lessons on teamwork and leadership. Overall, my stint at BCG was an unforgettable experience, and I cannot wait to go back and work with them again!
Mohit is a student of the PGP 2018-20 batch at IIM Bangalore.