Alpha FMC – Summer Diversity Internship Programme 2022

Opportunities

Alpha’s Summer Internship offers people from diverse backgrounds the opportunity to experience a career in Financial Services and Consulting first-hand. We are looking for talented undergraduates who meet our eligibility criteria  to join our Asset & Wealth Management or Insurance divisions to gain an insight into the industry and support our consulting engagements. Alpha’s 2022 Summer Internship will run for 8 weeks from July 4th – August 26th.

Given the low levels of representation we have found across certain groups in our industry, as well as barriers to entry (e.g. unconscious bias), we believe this internship will help us to achieve the outcomes of (1) improving the diversity of our own workforce and (2) contributing as a firm towards addressing the imbalance within our industry as a whole.

Overview

Alpha Financial Markets Consulting (Alpha FMC) is a leading global consultancy to the Asset and Wealth management and Insurance industries. We are a boutique management consulting firm that offers a competitive edge through our unrivalled expertise and industry insight. Our firm was founded in 2003 and has undergone several phases of expansion to now have a presence in 15 major financial centres across the world, including Continental Europe, the US and Asia. Alpha FMC also undertook a successful IPO onto the Alternative Investment Market of the London Stock Exchange in 2017.

At Alpha, we pride ourselves on working hard, delivering client projects of the highest quality, and collaboratively achieving our objectives. Our people are at the heart of everything Alpha accomplishes, which is why we value a healthy work-life balance. Among several benefits our vibrant firm offers, our focus on providing a fun and social environment to employees lies at the core of our team bonding. This includes seasonal parties, Mentor / Mentee events and peer-group activities. Furthermore, our culture strongly reflects fundamental values of Diversity & Inclusion as well as Corporate Social Responsibility, with a number of opportunities to get involved in these programmes from day one. We are proud to have received numerous industry awards in recent years, including: Funds Europe’s “European Consultant of the Year” for 2015, 2016 and 2017, The Sunday Times’ “Top 100 Best Small Companies To Work For” – 2017, 2018, 2019 and 2020, and The Sunday Times’ “Top 100 Best Large Companies To Work For” – 2021.

We are constantly seeking the highest calibre of candidates who are bright, hard-working, and eager to make a difference in a sociable and fast paced consultancy. Our 8-week Summer Internship at Alpha FMC runs from July 4th-August 26th and offers competitive benefits and an excellent platform to rapidly develop your professional career, with the potential pathway for successful candidates to join our Graduate Analyst programme the following year.

The programme will specifically provide you with the opportunity to gain immediate hands-on experience and skills by working directly with some of the largest asset managers and insurers. If you’re looking for a career that combines stimulating challenges with a lively work culture, Alpha is the place for you. Please visit our  for more information.

We are a disability inclusive employer and want to ensure that you have a barrier-free recruitment experience. If you need adjustments during the recruitment process or think you might but aren’t sure, you can speak confidentially to our disability partner . Their consultants can advise you on your needs, and with your permission can inform Alpha of your adjustments so that we can put these in place to enable you to perform to your best ability. Please email

Asset & Wealth Management Consulting:

Alpha is the leading global asset and wealth management consultancy, supporting 95% of the top 20 global asset managers by AUM. With over 650 consultants across 15 offices spanning the UK, North America, Europe and APAC, Alpha has the largest dedicated team in the industry. The AWM team has 11 dedicated practices helping to support clients in all areas of the industry, from Operations & Outsourcing to ESG & Responsible Investing.

As a market leader in asset and wealth management consultancy, we have built long-standing and strong working relationships across the globe. Our subject matter expertise across the breadth of operating models, client experience and launch strategies helps us to work on the most complex and strategically important initiatives in the industry. Our teams unique blend of skills and experience continually help us to deliver successful global change programmes for our clients and underpins our market leading proposition.

Insurance Consulting:

Alpha’s Insurance division was established in order to further diversify Alpha’s industry footprint. As the asset management and life and pensions sectors continue to converge, we believe it is vitally important to both understand the heritage and nuances of the retail investment and insurance segments, whilst leveraging Alpha’s leading expertise to support our clients. We currently cover:

Pensions & Retail Investments (P&RI): The P&RI team are supporting our clients on some of the industry’s most ground-breaking and exciting engagements. We work with industry leading investment platforms, adviser networks, life and pensions companies and technology providers to position their businesses for future success 

General Insurance & Specialty: Our recent expansion of the Insurance division into GI and Specialty reflects the growing demand from clients in this space. We work on exciting projects which deliver successful business change, including target operating model design and implementation, strategy definition and delivery, and cost optimisation

Key Responsibilities 

Summer Interns starting at Alpha FMC are provided with a developmental week long ‘Alpha Intern Training Programme’ designed to provide you with key consulting skills and allowing you to get to know your colleagues. All Interns will be provided with a combination of tool-specific training (Excel charting/ PowerPoint design), soft skill training (time management, influence without authority, presentation skills), and training in Consulting activities (producing deliverables, managing stakeholders). You will have the opportunity to meet a number of Alpha practice leads who will present client projects and explain the different focus areas of Alpha. Alongside this training period, we will also organise and host a number of social events to warmly welcome you to the Alpha Team.

Following the Alpha Intern Training Programme, you will start supporting our clients across a range of practice areas in either our Asset & Wealth Management or Insurance divisions. Alongside your Alpha colleagues, you’ll be a key member of a project team, helping to support our clients solve their biggest challenges and achieve their goals. You will also have the opportunity to support one of our wide variety of Business Management teams that manage key business functions within Alpha, such as Diversity & Inclusion, Marketing and Social. This will help you gain a unique insight into the operations of a consulting business and help to support the day-to-day running of the firm.

Your day-to-day activities may include attending client meetings, documenting requirements, preparing client proposal PowerPoint presentations, building financial models, and engaging in creative problem solving with Alpha colleagues. Successful candidates will be offered the opportunity to be fast-tracked to the final-round interview of the Alpha Graduate Analyst programme the following year. Our Intern position will allow you to join a dynamic, inclusive team that encourages you to develop your skillset and rapidly enhance your professional career with excellent experience, working with the leading Asset, Wealth & Insurance firms in the market.

Candidate Profile

We are looking for talented, diverse candidates who are eager to make an impact and fulfil the below requirements:

  • Penultimate year students who are able to take part in an 8-week internship from July 4th – August 26th  2022
  • Have the right to work in the UK
  • Have a genuine interest in consulting and the asset & wealth management or retail investments & insurance industries
  • Be highly ambitious, proactive and entrepreneurial with a ‘can do’ attitude
  • Have strong problem-solving skills with an analytical mindset
  • Willingness to be part of a team which enjoys working hard and socialising together
  • An interest in assisting with one or more areas of business management
  • You meet the diversity requirements for this scheme (ethnic minority, socially or economically disadvantaged or have a disability). Please see below to check if you are eligible:

Diversity Requirements

  1. Are you able to answer ‘yes’ to one of the following statements?

1a: I am from one of the following ethnic minority backgrounds:

  • Bangladeshi, Indian, Pakistani, Chinese or any other Asian background.
  • African, Caribbean or any other black background.
  • White and Asian, white and black African, white and black Caribbean or any other mixed ethnic background.

1b: I consider myself to have a neurodivergent, mental or long term health condition

1c: I was eligible for Free School Meals (at any point) during my school years / I am the first generation in my family to attend university

AND

2: Are you able to answer ‘yes’ to the following statement:  did not attend a fee-paying school at any point between the ages of 4-18

Benefits

We offer a competitive Intern benefits package, including, but not limited to:

  • Competitive gross salary of £2,170 per month
  • Travel allowance for commuting to Alpha or Client offices (up to £3,000 per year, pro-rated)
  • Laptop & technology provided
  • Unrivalled career support through active and structured mentorship and buddy scheme for new joiners
  • A fantastic social environment
  • An employer that values diversity, inclusion and social responsibility

Application Process

There are 6 stages to the Alpha FMC Internship recruitment process as follows:

  • Online application, including CV upload and 200-word question
  • Cognitive test
  • Video interview
  • Telephone interview
  • Half-day assessment centre
  • Final Round Interview

You will know within 7 working days whether you have been successful between interview stages.

Successful candidates will also be assessed at the end of the 8 weeks, with the possibility to be fast-tracked onto the final stage of the Alpha Graduate Analyst programme selection process for the following year.

Thank you very much for your interest in the Alpha FMC Analyst Programme. Please note that applications are screened on a first come, first served basis and we recommend applying as early as possible. The assessment centres/final stages will be held on a rolling basis until all positions have been filled.

We look forward to receiving your application.

 

DEADLINE 1st April 2022
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