5 Business Administration Internship Options

Business administration internship opportunities provide hands-on training for students pursuing a Master’s in Business Administration (MBA). Earning a Master’s in Business Administration is a great way to advance your career and earn a higher salary. So it’s essential to know about the internship opportunities available to MBA students. Working as an intern at a corporation gives MBA students the experience and training they need to pursue high-paying positions after graduation.

While many internship positions are available to master students in their final year of school, several companies are among the industry’s most prestigious and reputable organizations. With references from a top corporation with excellent credentials and far-reaching name recognition, MBA graduates can expect to begin their careers with a high probability of success.

Five Internships for MBA Students

McKinsey
Boston Consulting Group
Deloitte
Goldman Sachs
Bain & Company

1. McKinsey

For MBA students planning to enter the field of management consulting, an internship at McKinsey is one of the best opportunities to learn top-level professional skills from a well-known organization. McKinsey is a U.S.-based management consulting firm that offers summer internship opportunities for eight to 12 weeks each year.

The firm offers the most talented interns permanent positions at the end of the internship period. The classes are either paid or unpaid, depending on the branch office, location, and work within the organization. Past McKinsey interns describe the experience as valuable and transformative for their careers.

Learn More: McKinsey

2. Boston Consulting Group

Internships at BCG take place for two to three months during the summer, and interns are responsible for handling specific details of a company project assigned to a team of in-house consultants. Interns work directly under consultants who manage projects contracted to BCG by corporate clients. The experience is in-depth and serves to prepare interns for lucrative consulting careers. According to Boston Consulting Group, most interns receive offers for full-time positions at the end of the internship.

Learn More: Boston Consulting Group

3. Deloitte

An internship at Deloitte is an excellent opportunity for MBA students to gain knowledge about international business administration while connecting with professionals in the industry. Deloitte internships last ten weeks and provide interns with exposure to high-level analytics, data gathering, consulting, and implementation of solutions.

Depending on the location and position, internships at Deloitte can be paid or unpaid. Top performers usually receive offers for full-time jobs at the end of the training. Deloitte prefers to hire first-year MBA students as interns. The company says that internship candidates should have excellent problem-solving and analytical skills.

Learn More: Deloitte

4. Goldman Sachs

A 10-week internship at Goldman Sachs gives MBA students a valuable introduction to the corporate culture of one of America’s top financial firms. Interns are assigned to a division of Goldman Sachs and share responsibility for the project implementation.

In addition, a managerial consultant at Goldman Sachs works with interns to ensure that their performance meets expectations and that they can keep up with the organization’s pace. Interns with promise get full-time positions at the company.

Learn More: Goldman Sachs

5. Bain & Company

Regarding financial consulting, Bain & Company is one of the most well-known names in the business. Summer internships begin with a weeklong trip to Cape Cod to learn about the company’s origins, business stakeholders, and corporate values. Next, interns spend about two months working with a consultant and carrying out day-to-day operations under supervision.

Summer internships for MBA students provide consulting firms with a reliable recruiting resource. The summer semester of a Master’s in Business Administration program offers many excellent internship opportunities for dedicated students.

Learn More: Bain & Company

What are the Areas of Business Where Students can Intern?

There are many opportunities for interns in business. For example, the Shaw group seeks motivated bachelor’s degree students from all academic disciplines to join their program.

Accounting and Finance

MBA interns in accounting and finance may be responsible for a wide range of tasks depending on the specific company and department where the intern is. In general, MBA interns in this field may be asked to:

Assist with financial analysis and report creation for financial models
Perform research on financial markets and industry trends
Help to develop economic models for forecasting and budgeting purposes
Work on presentations and other materials for meetings with clients or other stakeholders
Participate in the development and implementation of financial strategies
Help to review and analyze financial statements
file integrations and custom reporting
Assignments may also include data entry, filing, and other administrative tasks.

MBA interns in accounting and finance may also have the opportunity to work on real business projects, learn from experienced professionals, and network with industry professionals. The specific responsibilities of an MBA intern in accounting and finance will depend on the needs of the company and the intern’s skills and interests.

Human Resources

What do interns do in human resources internships for an MBA? Human resources (HR) interns in MBA programs may be responsible for various tasks, depending on the size and needs of the organization where they are interning. Some typical responsibilities for HR interns may include:

Assisting with recruitment and selection processes, such as scheduling interviews, creating job postings, and coordinating onboarding for new hires
Conducting employee onboarding and orientation, including explaining company policies and procedures and providing information about benefits and other resources
Assisting with employee relations issues, such as responding to employee questions or concerns and helping to resolve conflicts
Helping to update and maintain employee records, including personnel files and payroll information
Participating in HR projects, such as conducting research on best practices, analyzing data, and preparing reports
Providing support for employee development and training programs, such as scheduling training sessions, coordinating materials, and tracking attendance

HR interns may also be asked to help with other tasks as needed, such as organizing events or participating in team meetings.

Management Training

What do interns do in Management training internships for an MBA? Management training internships for MBA students typically provide interns with hands-on experience in various business processes and management functions. In addition, these internships can be an excellent way for MBA students to apply the knowledge and skills they have learned in their academic program to real-world business challenges.

Depending on the internship’s specific focus and the organization’s needs, interns in management training programs may be involved in various tasks and activities. Some potential responsibilities for interns in these programs could include:

Assisting with market research and analysis
Participating in strategic planning and decision-making processes
Developing and implementing marketing campaigns
Managing budgets and financial resources
Leading and organizing projects
Mentoring and coaching junior team members
Assisting with HR functions such as recruiting, onboarding, and performance management
Assist with market research and data analysis
Participating in business strategy development
Support project management and develop marketing campaigns or implement new processes
Provide administrative support

Overall, a management training internship aims to provide MBA students with practical business and management experience and help them develop the skills and expertise they need to succeed in their careers.

Marketing

What do interns do in Marketing internships for an MBA? Marketing interns in MBA programs typically work on projects that help them develop their marketing skills and gain practical experience in the field. This might include tasks such as conducting market research, helping to develop marketing campaigns, assisting with creating marketing materials, and analyzing data to track the effectiveness of marketing efforts. Interns may also have the opportunity to work on real business problems and make recommendations to company leaders based on their findings.

In addition to working on specific projects, interns may be asked to attend meetings and participate in training sessions to learn more about the company and the industry. Overall, the goal of a marketing internship for an MBA student is to provide hands-on experience that will help them build the skills and knowledge they need to be successful in the field.

Supply Chain

Supply chain management (SCM) interns performing various tasks. Typical duties include conducting quality audits, developing process controls, and creating training documents. Additionally, these professionals assist in developing and implementing a material requirement planning system.

SCM interns work closely with the supply chain manager to ensure the supply chain’s smooth and efficient day-to-day operations. Supply chain planning uses data science, project management, and business analysis to develop a working knowledge of logistics. The results ensure a business unit has accurate order processing and timely delivery.

How Do you Find Business Administration Internship Jobs?

A typical internship program is a full time summer internship. Additionally, many students participate in a part time spring internship or fall internship while also taking classes. Below are some of the ways students can find business administration internship jobs.

Search Online Job Boards

Many companies post internship opportunities on online job boards such as Indeed, SimplyHired, LinkedIn, and Glassdoor. You can search for internship jobs in your desired location and apply directly to the companies that interest you. Additionally, you can create an account to receive a job alert when there are new opportunities. Or you can use your Google account to create a job alert and receive the latest job alert for Business Administration Intern positions.

School’s Career Center

Many schools have career centers that can help students find internships. They may have a list of companies that have previously hired interns, or they may be able to connect you with alumni who work in business administration.

Network with Professionals

Networking can be a powerful tool when it comes to finding internships. Attend industry events and conferences, join relevant LinkedIn groups, and contact professionals in the field to see if they know of any internship opportunities.

Apply Directly to Companies

You can apply directly to their HR department if you have a specific company in mind that you would like to intern for. Be sure to tailor your resume and cover letter to the particular company and position you are applying for. For example, if you apply to the TWC Group for a business development intern position, your resume should be different than if you apply to the Houston Astros.

Consider a Paid Internship

Some companies offer paid internship programs for business administration students. These programs can be competitive, but they are an excellent opportunity to gain experience and get paid while you do it.

What Do Business Administration Interns Do Everyday?

Overall, the goal of a business administration intern is to gain practical experience in a business setting and to learn more about various aspects of business operations. The tasks and responsibilities of a business administration intern can vary depending on the specific company and industry they are working in. However, below are some common everyday tasks for a business admin intern.

Assist with administrative tasks such as scheduling appointments, answering phones, and managing emails
Participate in meetings and take notes
Conduct research and gather information
Draft documents and presentations to analyze business goals
Assist with the development of marketing and sales strategies
Provide support to other departments as needed
Participate in business management training and business development opportunities
Shadow more experienced employees to learn about various aspects of the business
Perform data entry and maintain records

What are the Benefits of Business Administration Internship Jobs?

Business administration internship jobs can provide several benefits to students and recent graduates. Interns may have the opportunity to meet and work with professionals in the field, which can build their network and further their careers. Below are some of the benefits.

Real-world Experience

An internship allows you to apply the knowledge and skills you have learned in the classroom to a real-world setting. This valuable experience can help you better understand your chosen field and make you a more competitive job candidate.

Professional Development

Internships can provide valuable professional development opportunities, such as training, workshops, and networking events. Interns may have the opportunity to meet and work with professionals in the field. This can help you build your professional network and develop new skills that benefit your future career.

Career Exploration

An internship can be great for intellectually curious students. You can explore different career paths and discover what type of work you enjoy most. It can also help you clarify your career goals and determine the best way to achieve them.

Earn College Credit

Many colleges and universities offer academic credit for internships, which can be a great way to fulfill degree requirements and graduate on time.

Build Your Resume and Professional Services Statements

An internship can help you build your resume and give you something to talk about during job interviews. It shows that you have the practical experience and are willing to work hard to achieve your career goals. Employers prefer business majors with internships on their professional services statement of work (SOW).

Related: