@MBB folks how do you find externships? Want to do one but not finding much online

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How does externship work? Sorry for naive question - is this like leaving MBB temporarily to go to client opportunities?

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We call ours secondment. There are three main flavors, with lots of variation.

- Internal: Anywhere from 3-12 months to an affiliated or internal business examples are The Henderson Institute and Brighthouse. Still in employee, so comp and benefits are unchanged. These may accrue zero, half, or a full tenure year with associated changes to promotion windows.

- Client: 12 months, keep your comp, client pays fully loaded comp to BCG (way cheaper than bill rates), you take on a manager or director role for a while. Believe these typically pause tenure, but I’m not sure. Often time boxed roles (eg Transformation Director) or buying time while client goes to exec search for the permanent position.

- Social impact: 12 months, BCG pays a third, social impact organization pays a third, employee pays a third (ie 33% paycut). Tenure impact varies.

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We have an internal spreadsheet of all client externship/secondment opportunities in North America and a person who manages those + our grad school application team.

GSAPers have a database of externships and relationships available, often after getting accepted. otherwise, you can use your contacts

Hm I'm already at school so don't have that anymore, but any of your friends who are GSAPing should have it as a PDF sent to them

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