I'm currently pursuing a PhD in corporate finance from one of the top business schools in the UK and am interested in working for a strategy consulting firm. I am about to apply for a full-time position (as the deadlines are fast approaching) with McKinsey, BCG, etc.
However, I was just recently wondering on how important a consulting internship is for getting a job in these top consulting forms? Is it like Investment banks where 50-70% of full-time positions are filled by interns? Does anyone have an idea of how many interns get offers? Lastly, I was told that top firms prefer that PhDs don't apply for internships (which may be why most internship programs are directed at undergrads). Can someone comment on whether this is true?
The reason I ask is that I'm expected to get done in October-ish next year, so I can choose to apply either for an internship or for a full-time position (and push myself to submit my thesis earlier). I would appreciate any advice from people in the industry on what would be the more appropriate route for me.
Many thanks in advance!