Management Consulting Internships

What is a management consulting internship?

A management consultant works alongside businesses to improve their performance. It’s a bit like having a personal agony aunt, working through kinks and issues that’ll help them thrive.

Some tasks will include;

• Analyse data sets and develop solutions or alternatives to current findings

• Recommend changes including restructuring teams, new systems and processes

• Collaborate with management and business stakeholders to understand business goals

• Do market research

• Monitor and report on the project process

• Train and support teams during implementation.

Management consultants are usually contracted or freelance rather than permanent employees.

They’re not bound by industry either. A management consultant can work in any industry from entertainment to finance. So no two projects will be the same and you’ll meet and work with a wide variety of people.

Some management consulting internships accept applicants from any degree discipline. So even if you’re studying Psychology, English Literature or even Baking Science and Technology, you can still apply.

A management consulting internship will teach you how to engage with managers and leaders to improve an organisation’s performance. Just like the job itself, it will involve a lot of problem-solving and strategic thinking.

Biggest consultancy companies

We’ve put together a list of some of the UK’s biggest consulting companies:

• PwC offers a wide variety of consulting graduate schemes, including Economic Consulting, Management Consulting, Sustainability & Climate Change Consulting and Technology Consulting They also offer a summer consulting internship

• Deloitte has summer vacation schemes in consulting and graduate roles in consulting and Human Capital, (which is closely related to HR Consulting)

• KPMG is one of the largest advisory practices in the world, offering graduate schemes in Advisory and Technology Consulting and a summer internship in technology consulting

• EY have consulting graduate schemes in Technology Consulting, Business Consulting and Finance Consulting. Their consulting internships include Business Consulting and Technology Consulting

• Accenture is one of the world’s leading professional services and offers loads of consulting work experience opportunities including a foundation consulting virtual programme.

How much does a consulting intern earn?

The salaries for internships and placements in consultancy vary between employers.

Interns usually work for a company for any amount of time between 1-4 months and tend to be paid pro-rata. Placement students are hired as full-time employees, so receive a full salary and other company benefits.

The average salary for a consultancy intern is around £23,257 (pro-rata).

Your best bet is to always read the job description. Our student-written consultancy reviews are also a great way to check the income you could earn on an internship or placement.

Consulting internships in London

Some of the world’s biggest consulting companies have headquarters in London.

If you’re looking for work experience in the consultancy sector, there are an ungodly amount of opportunities for you in the capital. London is brimming with consulting firms that are looking for university students to join their teams.

To find placements, internships and insights in London, you can wander over to Higherin's jobs page. Or you can cheat and click below - you’ll be taken straight to the latest consulting roles in the capital.