Not many of the companies on Fast Company’s list of “The World’s 50 Most Innovative Companies” are non-profit, and not many non-profits generate over $1 billion in annual revenue, but MITRE fits both criteria. I know that many of you want to see fewer technical internships, but I’ve also noticed that most of the non-profit internships that we feature on weekends aren’t very technical. MITRE, which has headquarters in Bedford, MA and McLean, VA offers an exception. They are an “organization chartered to work in the public interest” through “expertise in systems engineering, information technology, operational concepts, and enterprise modernization.” They do this work through “four Federally Funded Research and Development Centers,” with one focused on the Department of Defense, one on the Federal Aviation Administration, one on the Internal Revenue Service and U.S. Department of Veteran Affairs, and one for the Department of Homeland Security. Continue reading about MITRE…
I’ll admit it, I don’t read The Economist regularly, but plenty of my friends do—mostly the smart ones. It’s a magazine (they call themselves a newspaper, but you’d likely identify it as a magazine) that stands apart from other periodicals in a variety of ways. It’s not the topics that they cover—they offer both news coverage and analysis and opinion on business and politics—it’s more the way that they cover those topics. The most interesting thing about The Economist is the fact that all of their articles are written anonymously. It’s about “a belief that what is written is more important than who writes it,” but you have to like the fact that anonymity allows the writers the freedom that they need to address topics in the ways that they should be addressed. The Economist is all about free trade and free markets, yet it “considers itself the enemy of privilege, pomposity and predictability.” The Economist is based in London, but they are very much an international business and magazine. Continue reading about The Economist…
The way that large corporations operate often boggles my mind. Take for example my friend who worked in the internal consulting division of a massive, well-known company. Despite being owned and operated by the company, his division had to bid against outside consulting firms for projects. There was a good reason for this (it forced the internal consulting division to watch its back), but it still seems a bit ridiculous. Another example of this kind of thinking is transfer pricing (don’t worry, I had to look it up too). It’s the “pricing of contributions (assets, tangible and intangible, services, and funds) transferred within an organization.” At first it may seem that since all of the money is going to the same place pricing things that are transferred within an organization doesn’t really matter. Unfortunately, that would cause all of the accountants in an organization (and the IRS too) to have a fit. So how do companies price these transfers? There’s no external market to set the price, and trying to do it internally can get really messy. That’s when companies bring in Ceteris a “global independent consulting firm specializing in transfer pricing, intellectual property and valuation services” that is headquartered in Chicago. Continue reading about Ceteris…
Rarely do we feature companies that aren’t at least partially US based, but sometimes there are companies so interesting or relevant that I have to share them with you even though it would require a serious move (and probably some visa acrobatics) for you to land a job with them. Today we’re going to look at Ireland’s Intrade, a company that runs prediction markets. I originally learned about Intrade from Freakonomics
Remember that time that you predicted the walk off home run during the baseball game or the fact that your friend would get back together with his girlfriend for the 7th time? Of course you do. It was proof of your psychic abilities. Remember the time that you made a similar prediction but were wrong? Of course not. When you only count your wins and not your losses, it’s easy to have a perfect record. Politicians take advantage of this all the time. The truth is that there aren’t a lot of people out there who are good at predicting things, whether it’s weather, the economy, sports, or any number of other things. Nouriel Roubini may be an exception. He could be insanely “lucky” with the fact that his descriptions and predictions of the current financial crisis were dead on, but you have to give him credit for the amount of detail included in his predictions, like when he said “the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.” He’s very obviously a brilliant guy, and he’s also the founder of New York City based Roubini Global Economics, a company that provides “a uniquely tailored look at the logic of the global economy” for its clients. Continue reading about Roubini Global Economics…
A child’s first sign of teenage (pre-teenage?) rebellion often begins at the radio dial. The parent’s up-to-this-point unchallenged decision of what to listen to while in the car is called into question, and all hell breaks loose. If there are multiple kids in the family (or even just in the car), the negotiation can quickly becom more heated than a multi-lateral peace process in a war-torn nation. The parent will fight hard to maintain his or her right to National Public Radio, but the kid will persist in his or her challenge to hear something that feeds a suddenly “eclectic” taste in music. Often the parents cede this battle in hopes of winning in the future (bad idea!), which results in the parent’s driving the kids around the mini-van listening to rap music that would be a lot more offensive if the parent knew what some of the words meant. Eventually the rebellious tykes will grow up and realize that they too want to be more cultured, and they slowly, but surely come around to listening to NPR. Or maybe some kids just never speak up. They like NPR from the start. Maybe those are the ones who end up taking internships at NPR. Continue reading about National Public Radio…
Ok, we all know that White House interns don’t have the best track record, so let’s not even go there. We also all know that there hasn’t been a time in recent history where the government’s role has seemed so important. Wherever your political views lie, right now would have to be one of the coolest times to be an intern at The White House. An expanding government may not be good for us young people in the long run, but you can reap the benefits now by taking one of the many internships that The White House is offering. There’s plenty of information on the White House available, so I don’t think that I need to go any further. Continue reading about The White House…
If there’s ever a time to intern at the Office of the Comptroller of the Currency, it is now. What’s the Office of the Comptroller of the Currency? It’s a bureau of the the U.S. Department of the Treasury that was chartered in 1863 to ensure a safe and sound national banking system for all Americans. How do they do that? They have a nationwide staff that “conducts on-site reviews of national banks and provides sustained supervision of bank operations. The agency issues rules, legal interpretations, and corporate decisions concerning banking, bank investments, bank community development activities, and other aspects of bank operations.” I think that it’s pretty obvious why the OCC has become a lot busier in the past couple of years. So instead of worrying about how there will be no jobs in finance when you graduate, you should see if you can land an internship with one of the government agencies that is dealing with our banking problems head on. Continue reading about Office of the Comptroller of the Currency…
“May you live in interesting times.” It’s allegedly a translation of a Chinese proverb, but Wikipedia can’t even figure out who actually said it first. Regardless, an internship at the Federal Reserve Board should be extremely “interesting” over the next year (at the very least). With Bear Stearns almost falling into bankruptcy, and a lot of other investment banks in trouble, an internship in finance doesn’t look nearly as attractive as it did last semester. Still, if you’re interested in economics, finance, or a related field, a job at the Federal Reserve Board is a great alternative. Although connected to the Federal Reserve Bank of New York, the Federal Reserve Board is a different entity. If you don’t already know, the Fed, which is led by Chairman Ben Bernanke, is responsible for crafting the monetary policy that supports the American economy. Continue reading about Federal Reserve Board…
The President’s Council of Economic Advisers is exactly what you’d expect it to be, a group of economists who advise the President on economic matters and drive the policy that the President pursues. The current Chairman is Edward Lazear (he wrote one of the more interesting economics textbooks that I encountered in college), and former Chairs include Ben Bernanke (current Chairman of the Fed) and N. Gregory Mankiw (a Harvard professor and one of my favorite bloggers). You can see that the council is a collection of the finest minds in economics; hence, an internship with the CEA is just what any budding economist needs to get started. Whether you’re looking to go into finance, government, or academia, there are few better opportunities. Continue reading about Council of Economic Advisers…
