Venture Architect Intern (Summer 2023)
Chicago, IL 
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Posted 18 days ago
Position No Longer Available
Position No Longer Available
Job/Internship Description
Job Description

Digital Ventures is now part of BCG X, home to the world's best tech-build and design talent.

We are an ever-growing global team of the world's most remarkable entrepreneurs, designers, engineers, venture architects, and product experts. Our ventures create a strategic advantage for the most important global companies.

Since our founding in 2014, we've partnered closely with 400+ clients - most of which are Fortune 500 organizations - to invent, launch, and scale innovative businesses that leverage and reinforce their core capabilities. The ventures we build with them are inclusive of both new, standalone companies, as well as those developed within the framework of the client organization. The growth and value realized through our corporate venturing work has even led clients to collaborate with us to build and launch multiple businesses.

Venture Architects at BCGDV

Our venture architects are world-class business leaders, corporate strategists, product specialists, and designers. They carry the tall order of defining the field of opportunity and scope of our ventures and must wear many hats to develop the marketing, pricing, and operational structures needed to commercialize new products and businesses. As project leaders, they manage ventures from beginning to end, and may even transition to running these new businesses in the market.

Program Overview

We are looking for students currently enrolled in an MBA program, graduating in Spring 2023, Winter 2023, or Spring 2024. The 10-week internship program will allow interns to gain valuable experience to work on one of our current Ventures. This is a paid internship. You will receive $6,000 every two weeks for the duration of the program.

In this role you will:

  • Demonstrate leadership across all stages of the BCG Digital Ventures business model, including innovation, product development, incubation and commercialization
  • Explore and analyze markets and trends in the industry
  • Perform competitive analysis and identify current best practices and market leaders
  • Size the existing customer market, as well as identify trends and relative positioning
  • Analyze start-up deal flow to understand imminent disruptions and identify tech acceleration opportunities
  • Establish key performance indicators for venture outcomes while also defining the business model and case for new ventures, products and services
  • Define the business model options and case for new ventures, products and services
  • Develop the economic model and business plan for new ventures, products and services
  • Test and validate assumptions while creating a sensitivity analysis for key drivers
  • Collaborate with the Strategic Design and Product Development leads, as well as clients, to define a minimum viable business build (or product / service)
  • Plan and deliver new ventures, products and services
  • Identify required partners for regulatory requirements or support needs
  • Create intellectual property, points of view and industry/ topic platforms
  • Contribute to the development of thought leadership across a range of emerging business, technology and design topics
  • Stand up the structure and operations for a new entity or business unit, including governance, revenue operations, back-end functions, org design and recruiting

You should have:

  • Active enrollment in a full-time MBA program from an accredited university
  • Abilities planning, prioritizing and organizing work effectively and efficiently within a team
  • 2-3 years of experience with strategy development, business planning and future visioning, as well as quantitative and economic modeling (preferred)
  • Background in product prototyping and testing
  • Bachelor's degree (business, psychology, economics, strategy or equivalent from a top-tier institution preferred)

Additional desired competencies:

  • Some experience in a high-pressure start-up environment with exposure to multidisciplinary teams (preferred) and/or experience with a top-tier professional services firm, technology firm or VC fund
  • Desire to build new businesses and drive innovative solutions that customers will love

The application deadline for Summer 2023 internships is November 6, 2022.

Diversity & Inclusion at BCGDV

BCG Digital Ventures facilitates a sense of belonging where all employees, particularly those historically at the margins of society, can unapologetically bring authenticity to their work. Check out our commitments, progress and areas we are working on to bring our DEI vision to life.

To learn more, visit us at BCGDV.com.

Interested applicants may apply through the careers section of the website at https://www.bcgdv.com/. Interviews will take place after resumes have been screened for minimum requirements. Please note that this position is not restricted solely to the responsibilities listed above and that the job scope and responsibilities are subject to change.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, national origin, disability, protected veteran status, or any other characteristic protected under federal, state or local law.

Candidates should be aware that BCG currently maintains a policy requiring all US & Canada based employees to be fully vaccinated against COVID-19. Newly hired employees must be fully

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Position No Longer Available
Position Summary
Company
BCGDV
Start Date
As soon as possible
Employment Type
Full Time
Period of Employment
Open
Type of Compensation
Paid
College Credits Earned
No
Tuition Assistance
No
Required Student Status
Open
Preferred Majors
Other
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