Why the Verge Consulting Program?
Similar to many MBA students, I had a special interest in joining a consulting firm in the summer. I thought the chance and responsibility to work with external clients would serve as an excellent learning opportunity for my future career aspirations. I enjoy seeing how business work and wanted to utilize my analytical skills and business knowledge to solve complex business problems and generate significant impact on the client’s firms. In addition, I was keen to implement, in the real business environment, the most relevant business concepts I had learned in-class during the first year of my MBA. My expectations of the Verge Program were exceeded. I was exposed to firms at different life cycle stages and from across industries provided the me and the team multiple challenges that not only expanded hands-on learning, but also improved our skillset.
Projects and Team Dynamics
Our team worked on multiple projects with clients ranging from early stage startups trying to find the most appropriate business model to established companies expanding their business. Their industries include healthcare, medical devices, consumer products, and construction. Accompanied by SBDC Advisors, the first step of a project included meeting with the client to gain better understanding of their objectives and challenges. Then we would come up with a scope of work describing what deliverables we would later provide to the client. Next, the team would extensively discuss potential approaches to overcome business problems and drive business growth (as we had done many times in classroom during the first year of the MBA program). During the project execution phase, we relied on multiple business research database to gather and analyze information. The deliverable included a final presentation to the client, which was my favorite part of this experience. Many times, the relationship with the client transcends the scope of work itself. Noticing the entrepreneur’s passion for the business is contagious and inspiring. Knowing that we actually have the chance to contribute to their success is priceless.
Overall, I was mostly engaged in activities involving creating strategies for customer acquisition and customer conversion, which requires extensive market research and analysis. In addition, I learned startup valuation and finance modeling, both of which were new to me. However, the most valuable skill I learned as a Verge Consultant was to validate business hypotheses using a data-driven approach. The resources available at Verge Consulting paired with the solid business foundation gained through the first year of the MBA Program allowed me and the team to effectively make insight-driven recommendations to drive business decisions.
This post was written by:
MBA, Class of 2019
UConn School of Business