Across the UK, children sit in classrooms with misty eyes, dreaming of one day becoming a consultant. Long
gone are the days when the nation’s youth dreamt of emulating a Prime Minister, a footballer or Nicolas
Cage. Like the days in which dinosaurs roamed the earth, that time has passed.
Consulting is a rewarding and diverse profession, with many paths of entry into it. Like gardening.
Consultancy is also a highly competitive industry. An internship or placement year is cracking way of
learning more about consultancy, while trapping your foot in that highly competitive door.
RateMyPlacement is here to provide expert career advice, and help you find consulting internships and
consulting placements. We are the Phil Spencer & Kirstie Allsopp of the consultancy undergraduate
Overview of consulting
Consulting is a professional practice of providing an organisation or individual with expert advice.
Consultants provide these services in an advisory or an implementation role.
It might be easier if a consultant explained it to you. Meet Conor, the Consultant.
Conor works as a Management Consultant at PwC, and is employed by businesses to improve the way they operate.
If a business hired Conor in an advisory role, he might spend a few weeks observing how the business
operates. Once he has identified the problems, Conor will offer the business a series of solutions, to
improve their operations.
If the business retained Conor to implement changes, he might spend months, even years, putting in place
systems to change the way the company does business. At the end of this, Conor will charge a considerable
fee, and be carried out of the office as the people’s champion.
Consultants work like this for organisations in diverse industries. It is highly likely that you will meet
Conor again, but if not, keep reading for a breakdown of the different types of consultancy.
Types of consulting
Consultants can be commissioned to work in a wide-range of industries. They typically specialise in a field
in which they have an expertise. This can be broken down into five main areas:
A management consultant helps companies to enhance their overall performance. They examine existing structures,
and develop a plan for those structures to be improved.
As management consultants operate in an array of sectors, consultancy firms accept graduates from a number of
degree disciplines. The following subjects are particularly relevant...
- chemistry, biology, physics
Financial advisors are employed to offer solutions to a number of different issues facing an organisation.
This includes restructuring, the handling of acquisitions and mergers, risk management and real estate
“The financial advisory sector is estimated to be worth $61.3 billion, a quarter of the global consulting
An operations consultant is employed by a company to develop the efficiency of their value chain. A value
chain is a series of processes that a firm puts in place in order to deliver a service or product. It
includes the purchase of raw materials, marketing, sales and after-sale services.
Operations consultants offer their expertise in the following areas:
- process management
- supply chain management
- sales & marketing
Consultants in this area are hired to improve a company’s performance through improvements to technology.
Below is a little video, detailing what it’s like to be on the technology consultant graduate scheme at KPMG.
Good luck finding a group of people as inspired as these folks are.
Human resource consulting
A human resource consultant is employed to advise on a wide-range of issues regarding an organisation’s
workforce. Consultants in this area might recommend changes in management structure, help establish
performance review processes, or ensure a company complies with employment laws.
Types of consultants
Consultants can work in a consultancy firm, they can work independently as a freelance consultant, or work as
a consultant within one company.
A consultancy internship is a marvellous opportunity to get an insight into the consulting industry.
Unless you have a parent, sibling or friend that works in the industry or you happen to live on the same
street as Conor the consultant, you may not know what a career in consulting entails.
Internships can last between one and four months, and usually take place during the summer. If you complete a
consulting internship, you will have practical work experience with professional consultants beneath your
It is a great way of discovering what a consultant does on a day-to-day basis. After a consultancy
internship, you will have a clearer idea of whether or not consulting is the right career for you.
It’s like having a small spoon of a certain flavour of ice cream, before you commit to a double-cone.
If you’re interested in finding out more about how an internship works, check out our Internship
We know what you’re thinking... a consulting internship sounds smashing, but where do I find one? You don’t
have to look far. It’s not like trying to find a needle, in a box full of objects that closely resemble
There are hundreds of vacancies for internships on RateMyPlacement. We have consulting internships on offer,
as well as programmes in a wide-range of industries. Click on the link below, and be whisked off like a
celebrity to our jobs board.
View consulting internships
Management Consulting internships
Some management consulting internships accept applicants from any degree discipline. So if you’re currently
studying a course at university, such as Psychology or Dairy Herd Management, you can still apply. An
internship in management consulting will provide you with an introduction to the profession, as the little
snippet below describes...
“In Management Consulting, you'll be building core skills on a market-leading, structured programme where
you’ll experience the full range of what we do, across all industries. This will give you a taste of helping
clients to drive innovation and growth, manage costs and operate effectively. The experience will help you
decide where you want to specialise within Consulting.”
Management Consulting Summer Internship, 2016)
If a few words about PwC’s Management Consulting internship got you excited, you might want to have a peek at
our vacancies for similar courses. It is the best opportunity for students since McDonald’s started offering
free cheeseburgers to anyone with a student card.
View management consulting internships
Read on, and we’ll walk through the UK’s top employers for consulting internships and placements!
Consulting intern salary
The salaries for internships and placements in consultancy vary between different firms.
Placement students are hired as a full-time employee, so receive a full salary and other company benefits.
Interns usually work for a company for any amount of time between 1-4 months. They are paid at an hourly
rate, or will receive a salary for the length of time they spend with a company.
It's best to have a look at the information provided in job vacancies for specific information about a firm’s
pay structure. Our reviews however, can offer an insight into the income you could accumulate on a
consulting internship or placement.
A Management Consulting Intern at PwC received a wage of £1,666 a
month! If you thought those numbers were a little bit nuts, a Financial Services Risk
Intern at EY earned a monthly wage of £2,333. Imagine how
many sandwiches you could buy with that sort of money.
An Operational Risk placement student at M&G Investments pulled in a
salary of £29,999! You could own a small island in the South Pacific for £29,999, or build Takeshi’s Castle
in your garden.
If the thought of being able to buy unholy amounts of ham and cheese sandwiches has convinced you that
consulting is the way forward, check out our job vacancies.
Find consulting internships & placements
Biggest consultancy companies
We’ve put together a list of some of the UK’s biggest consulting companies.
PwC offer a wide variety of consulting graduate schemes, including Economic Consulting,
Management Consulting, Sustainability & Climate Change Consulting and Technology Consulting.
Deloitte have graduate programmes in in Financial Advisory, Technology Consulting and Human
Capital, (which is closely related to HR Consulting).
KPMG are one of the largest advisory practices in the world, offering graduate schemes in
Advisory and Technology Consulting.
EY have consulting graduate schemes in Forensic Technology & Discovery Services, Financial
Services Consulting and People Advisory Services.
If a consulting internship has tickled your fancy, read our blog, Internship
CV: Your Guide & Template. It offers a step-by-step guide, with a downloadable template, for
writing a CV for an internship application.
If you are interested in a career in consulting, you also have the option of doing a placement year in the
A placement is a structured programme in which you will spend an entire academic year working for a
consulting firm. This usually takes place after your second or third year at university, after which you
will return for your final year. For that year, you will be a full-time member of staff, receiving a salary
and other benefits.
While the chance of a salary may be the best new you’ve heard since The Chuckle Brothers announced a
nationwide tour of student unions, there are other benefits of consultancy placements.
- A consulting placement will provide you with practical work experience in the industry
- You will have the chance to work with, and learn from experienced professionals
- Placements in industry are an opportunity to build up a network of contacts in the consultancy sector
- A year in placement simply makes you more employable, and will project you above rival candidates when
applying for jobs
For the full low-down on how placement years are structured, visit our page dedicated to placements. It
sounds like something from the Crystal Maze, the Placement zone.
The video below, A day in the life of a strategy associate, offers an insight into working as a consultant
RateMyPlacement has vacancies for consulting placements! There are deadlines that edge ever closer, so get
your running shoes on and dash over to our vacancies page.
There are Management Consulting industrial placements, placements in Operational Risk, Business Strategy and
I.T. Do try to contain your excitement, you don’t want to lose your mind. If you follow the link below, you
can start your search for a consultancy placement.
View consulting placements
Now that you’ve decided to give up your dreams of being a tap dancer to enter the world of consulting,
you’re going to need a new CV. Take a look at our blog, Placement
& Work Experience CV, a step-by-step guide to writing a CV for placements, that will have
employers chasing you through the streets.
Consulting insight schemes
A consulting insight or a banking insight are also great additions to your CV. An insight is short-term work
placement in a company, that can last anywhere between 1-4 weeks. If you complete an insight, you will be
exposed to a certain industry or profession, learning how the business works.
An insight can be a stepping-stone on to a longer-term internship or placement. It is a way of trapping your
foot in the door of an organisation, and building contacts that may help you in your future career.
If you applied for a consulting insight, you might be shadowing Conor the consultant for a few weeks. You
will get a first-hand look at what his job entails – he might even take you out for lunch.
For those of you who are unsure if you want commit to an internship or placement, an insight might be just
the ticket. Follow the link below to check out our insight vacancies in the consulting and banking
Consulting graduate schemes
As mentioned above, the UK’s biggest consulting firms all offer graduate schemes. These schemes are
incredibly competitive, even for the graduate market.
Consulting firms accept graduates from a number of different degree disciplines onto their schemes. The entry
requirements and selection processes for each graduate programme vary between companies. It’s best to check
company websites for specific requirements.
To increase your opportunities of gaining access to a consulting graduate scheme, you have the option of
completing a placement, internship or insight. Make sure you keep reading, next we will delve into
placements and internships specifically for consulting.
If you’re feeling dangerous, and you’re in the mood for looking at some vacancies for placements and
internships, get clicking on the link below.
Find consulting internships & placements
Review of consulting schemes
We have a huge amount of reviews of undergraduate consulting programmes. By a huge amount, we mean
unnaturally, and quite frighteningly huge, and they are all on RateMyPlacement for you to read.
There are reviews of consulting placements, consulting internships and consulting insights. There are reviews
of programmes with some of the UK’s biggest consulting firms, and other smaller companies across the UK. It
is highly exciting – the sort of thing you might want to write to home about.
Each review is written by a student who completed a consultancy programme. They are unedited, so provide a
candid and authentic assessment of their experiences in the consulting industry.
The reviews ask the following sorts of questions...
- To what extent did you enjoy your work placement or internship?
- To what extent were you given support and guidance by management/your supervisor(s)?
- To what extent did/will the skills you developed, and training you received, assist you in your degree
studies and beyond?
- How well organised was the overall work placement or internship set up?
- Was there a good social scene amongst any fellow placement students/colleagues?
From these reviews, you can ascertain whether or not a specific programme, or a specific company are right
for you. There are enough reviews for you to read to last an entire weekend. Maybe even Monday and Tuesday.
You are but a click away from the best weekend of your life.
View consulting reviews
Top consulting employers
Based on the mountains of student-written reviews of we have collected, we can reveal our guide to the Top
100 Undergraduate Employers 2016-2017. The top 100 are the bees-knees in offering undergraduate
opportunities to students. They are the cat’s pyjamas.
We can also reveal – because revealing things is incredibly cool – the top employers for undergraduate
schemes in consulting.
The big four professional service companies, KPMG, EY, Deloitte and PwC are all in the top 100. Check out the
link below to see what other consulting firms have made the list.
You can access the top 100 undergraduate employers here
Consulting internships & placements in London
Some of the world’s biggest consulting companies have headquarters in London. If you are an undergraduate,
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 undergraduates to join their team. Perhaps you
should consider interning in London.
To find placements, internships and insights in London, you can wander over to RateMyPlacement’s jobs page.
The link below will show you vacancies for undergraduate consulting roles in the capital.
View consulting jobs in London
Consulting internships in the UK
There are opportunities for you to find consulting placements, internships and insights across the UK. On our
jobs page, you can filter your search to target jobs in specific locations.
(Just to give you a hint, Bristol and Scotland are hotspots for consulting). To have a peek at vacancies in
these areas, follow these links for consulting internships
in Bristol and consulting internships in
To look for consultancy programmes in other regions in the UK, head over to our jobs page. Who knows, there
might be a consulting internship just three streets away.
Consulting internships & placements abroad
As if the subject of consultancy couldn’t get any more thrilling, there are vacancies for roles that are
based outside of the UK.
No, this is not a joke. Ant and Dec aren’t going to appear out of nowhere with a camera crew, to film a cruel
We have vacancies for consulting programmes in countries you had only previously dreamed of, or seen on a
David Attenborough series.
View consulting jobs
Applying for a placement, internship or insight in a distant land may be a frightening prospect. It would
involve moving abroad! Unless of course, you commuted to Prague every morning. That’s dedication.
If you are unsure whether or not applying for a consulting programme abroad is the right option for you, head
straight for our reviews. We have reviews written by students who competed consulting programmes overseas.
Each student offers advice to any other adventurous soul, who might consider applying for a placement
You can find the
A little recap...
So what have we learnt? Rather a lot, we would hope, unless the news about the Chuckle Brothers’ nationwide
tour of student unions totally befuddled you. It is understandable.
The impressive salaries of interns and placement students in the consulting industry make them an alluring
proposition. But money isn’t everything! No matter how many trips to LEGOLAND you could afford.
An undergraduate consulting programme is an opportunity to get an insight into the industry. You can read
blogs and articles galore, or skype Conor the consultant every night, but neither will let you know if
consultancy is truly right for you. Placements and internships are like a road-test for a career.
If you decide that consultancy is the right path, work experience will give you an opportunity to build a
network of useful contacts in the industry. Who knows how handy that could be in the future.
Internships and placements simply increase your chance of being able to secure a consultancy job after
university. The skills, experience and on-the-job training you could obtain will have consulting firms
fighting each other over you.
Considering that consulting firms accept students from a wide-range of degree disciplines, you have no more
excuses not to apply. Your journey into the consulting industry starts here.