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Need advice for a MBA internship from business professional

Veteran

Luis Gonzales El Paso , TX

Hello,

I'm currently a first-year MBA student seeking a summer internship. I've applied for and have been interviewed for Bank of America's Operations MBA internship. I made it through the first round of interviews. I'm scheduled for the 2nd round of interviews next week. I was hoping someone, preferably a banking industry professional in operations, could give me some good advice on what I should expect and how to best prepare myself for the interview. I've applied for many summer internships, but this is the only one where I've made it to the second interview. I really want to get an internship over the summer because I know how crucial it is for employment after graduation. Any help would be greatly appreciated.

Also, if anyone knows of any good internships for veterans pursuing an MBA, please let me know.

Thank you,
Luis

19 January 2013 5 replies Interviews

Answers

Veteran

Luis Gonzales El Paso , TX

Thank you all for your advice. Steve, your advice was especially helpful and insightful. I feel like I'm going to be prepared because of all the great advice. I definitely noticed that 3 out 4 advisors were from GE! Go GE!

21 January 2013 Helpful answer

Advisor

Steve Blank Saint Paul , MN

Luis,
I'm an engineer by training, but spent 4 years as a process improvement specialist in a Retail Lending operation. Kristine is right that large operations like BofA are likely to be very focused on process metrics - call response times, # of transactions processed, first pass-accuracy, cost per call, cost per transaction, etc.
What I'd like to add is that many large firms interview using a "behavioral interview" approach. Instead of ambiguous questions like "why do you want this job?" or "what do you like about your MBA program?", we often ask you to describe how you would address a certain situation/problem. If you read the job description, take a moment to think about challenges that could come up (for example, if you're running a call center, how would you handle an "escalation call" in which a customer was not satisfied by the first response and the call was directed to you as a supervisor). How would you assess the caller's mood, how would you handle them if they were polite, upset, furious, crude, desperate, etc.? Or how would you handle a case where you found that one person in the operation was clearly not pulling their load. THE BEST WAY YOU CAN ANSWER QUESTIONS LIKE THESE is to draw parallels between some experience you've had and how you handled it (bearing in mind that you may or may not have had different "tools" available to you in the military).
I hope you find this helpful,
Steve

21 January 2013 Helpful answer

Advisor

Monish Punjabi Stamford , CT

Hi Luis,

From my research of companies while looking for a job last year, I know many top 10 F-500 companies offer internships for MBA candidates. You should look into companies like BCG, McKinsey, Bain, Accenture, GE, Teach for America, Microsoft, Google. That being said, a lot of these companies also give preference to folks with military background. I would highly recommend networking with these companies at career conferences since they hire on the spot at these conferences. Additionally, you should leverage career networking tools like linkedin to connect with recruiters and finding out what jobs/opportunities are there. Hope this helps.

Advisor

Kristine Kinzle Scottsdale , AZ

Hi Luis,
It sounds like you have maturity, dedication and the ability to think on your feet, so let that show through in your interview. Also, remember that operations jobs are focused on processes and metrics (for example, error rates or first-pass accuracy, re-work percentage required). In addition to researching a company, do a little homework on operational measurements. If you ask intelligent questions about the type of operations they do, then you can move on to questions about first pass yield, error rates, productivity, etc. They will be impressed with your enthusiasm for the job.

Veteran

Charles McGrue

Hello Luis,

I worked in banking for six years; however, I would recommend you learn more about Bank of America and general banking. If you can do some online research that addresses some of what you will be doing, you may find more information.

If it is just standard operations, you may be able to contribute some of what you have done in the military and how that makes you a primary candidate for a position there. However, displaying some knowledge in the areas that you are looking at getting hired in, will definitely allow them to see that you have sound interest in the position.

Regards... Charles

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