Mastercard Is Recruiting: Associate Consultant Intern – South Africa

Closing Date: Not Specified

Job Title

Associate Consultant Intern
The Data & Services team is a key differentiator for Mastercard, providing the cutting-edge services that help our customers grow. Focused on thinking big and scaling fast around the globe, this agile team is responsible for end-to-end solutions for a diverse global customer base. We combine traditional management consulting with our rich data assets and in-house technology to provide our clients with powerful strategic insights and recommendations.

Centered on data-driven technologies and innovation, these services include consulting, loyalty and marketing programs, test-and-learn business experimentation, and data-driven information and risk management services. While specializing in the payments industry, Mastercard Data & Services also works closely with major retailers, airlines, and other enterprises, leveraging data and insights garnered from within and beyond its network. We are looking for passionate and talented graduates, who share our vision for data-driven consulting, to join us and take a leading role in shaping the growth of our team.

Make an Impact as an Associate Consultant Intern
As an Associate Consultant Intern, you will collaborate with exceptional colleagues to help some of the world’s biggest brands answer their most challenging strategic questions. Working with technology and data, you will gain broad exposure to a range of industries, including financial services, retail, restaurants, hospitality and more.

While working in close-knit teams, you will partner closely with senior stakeholders and be given real responsibility to make an impact for your clients from day one. In this setting, you will learn quickly and gain exposure to diverse business issues, gaining the experience required to lead key client engagements.

Early in your career, you will have the opportunity to build a broader set of skills and master a wider array of content, before you ‘major’ in any one product.This will inject more flexibility into your career path and at the same time make for a more engaging journey.

As an Associate Consultant Intern, you will:• Work on small teams to solve our clients’ most challenging strategic problems through data-driven solutions.• Collaborate with motivated peers who are passionate about what they do.•

Build strong relationships with clients to understand their business needs, find strategic solutions and guide impactful decisions.• Grow your career by receiving hands-on mentorship from an experienced management team.• Have an immediate opportunity for meaningful contributions, increased responsibility, leadership roles, and professional advancement.• Collaborate with colleagues across different areas of the organization and quickly gain exposure to business development, account management,• and product management.• Receive extensive training focusing on helping you build your core consulting skill set.

We are looking for passionate and talented professionals, who share our vision for helping our customers with their most urgent business needs, and we are recruiting for 3 career tracks that make up our team:

Strategy & Transformation
Lead customers through sound decision making as they tackle strategic, tactical, operational, and transformational challenges, spanning across diverse topics including product, marketing, loyalty, innovation, and more. Apply a broad set of problem-solving techniques to improve overall performance and operations.
Sampling of questions we help our customers answer:

How can a global financial services institution be successful at entering a hyper competitive new market?How can a customer improve its operating model to better achieve operational, financial and strategic goals?

Business Experimentation

Advise executives on business decisions by leveraging data and applying science to the way they run their business. Using Mastercard’s industry-leading Predictive Analytics SaaS platform, Test & Learn®, you will work with customers to identify their key priorities and then design and run business experiments to establish which ideas work, where, when and how to deploy them, and what not to do. In working with customers this way, you get to understand the full range of their business, from new product launches, marketing, loyalty, and pricing, to operations and strategy.Sampling of questions we help our customers answer:

Where should a retailer open new stores to maximize profitability and minimize the cannibalization of nearby omnichannel sales?What bonus should be provided to someone opening a credit card account to entice them to use the card regularly?

Marketing:

Develop strategies and lead implementation of marketing campaigns and engagements; evaluate results to drive performance on behalf of Mastercard’s clients. Provide deep direct marketing expertise across channels, leveraging customer, behavioral and transactional data and defining tangible results to both the client and Mastercard.Sampling of questions we help our clients answer:

How does a fintech client optimize new customer acquisition and existing customers’ life cycle value through effective targeting and communications?

How does a retail client drive foot traffic into store post-covid and/or optimize their ecommerce website to increase basket-size and average spend per customer?

How can a large financial institution best execute on a portfolio conversion – for example, after purchasing another issuer’s portfolio – including components like internal and external communications, market launch, and more?

Bring your Passion and Expertise

• Analytic Excellence: Demonstrates a strong aptitude for structured problem solving and quantitative skills.• Business Interest: Clear interest in the world of business, and intuition for the way that companies make decisions.• Rapid Growth: Eagerness to learn quickly, both through Mastercard’s structured training curriculum and organic development opportunities.• Teamwork: Willingness to work within small teams to produce outstanding deliverables, with a will to win attitude.

• Integrity: Commitment to Mastercard’s values of honesty and integrity with a willingness to embrace and learn from our mistakes.
• Diverse Perspective: Brings a unique skillset or approach to the table in every client engagement or internal activity.
• Communication: Excellent written and verbal communication skills, with demonstrated leadership abilities.

Qualifications:

• Undergraduate or master’s degree in penultimate year of school
• Outstanding record of academic achievement
• Proven record of leadership in a work setting and/or through extracurricular activities

• Exceptional analytical and quantitative problem-solving skills

NB. Please note that the duration for this internship is 4 weeks starting 26th of June 2023 till 24th of July 2023. Please ensure you are able to commit to the dates mentioned above before applying.
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

Abide by Mastercard’s security policies and practices;
Ensure the confidentiality and integrity of the information being accessed;
Report any suspected information security violation or breach, and
Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.