Currently viewing the tag: "Internships"
The second of our IBGC research posts comes from Michael and Trevor (both second-year MALD students), who were based in Indonesia.
What if, in areas underserved by formal financial services, mobile phones could function like debit cards and local corner stores like micro bank branches? In the same amount of time it would take to send a SMS text message, you could check your bank balance, transfer money to a friend, pay your utility bills, or purchase your groceries, all enabled on a mobile handset. The local agents that you use to top-up your mobile airtime could also function as agents contracted by banks or mobile network operators (MNOs), providing you with access points to deposit and withdraw money from your accounts. This is one vision of how mobile money could reshape the way people use money and access financial services.
We have spent the past two months in Indonesia exploring how mobile money might add value to the financial portfolios of low income market segments. (Our research was inspired in large part by the book Portfolios of the Poor, by Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven.) Indonesia is the largest market in Southeast Asia and a member of the G20, yet it has one of the largest unbanked and under-banked populations in the world. Formal financial services have the potential to improve livelihoods, protect assets, and provide security from the unexpected. Yet, according to the World Bank Global Financial Inclusion Index, only 20% of Indonesians were fully banked as of 2011.
Indonesia’s geography poses a major barrier to expanding financial access, with its 250 million inhabitants spread across 13,000 islands. The infrastructure investment in brick-and-mortar branches and ATMs that would be required to substantially expand financial access is prohibitively expensive, especially if the access points reach only low-income communities. One promising solution that is receiving widespread attention is using mobile phones as a tool to offer branchless banking services to the underserved. Under branchless banking schemes, financial services are distributed by agents contracted by institutions to process customer’s transactions away from physical bank branches.
Major stakeholders, including the Government of Indonesia, commercial banks, and international development agencies are dedicating considerable resources to foster the nascent mobile-enabled branchless banking market. The Bank of Indonesia (Indonesia’s central bank) and the Financial Services Authority (which is responsible for micro-prudential oversight) have issued a series of increasingly clarifying and progressive regulations to govern the emerging branchless banking and mobile money market. There are a number of interesting mobile money offerings already on the market, notably Telkomsel’s T-Cash, Indosat’s Dompetku, XL’s Tunia, and Mandiri’s E-Cash. Thus far, however, these products have seen only limited uptake concentrated among middle and high-end consumers.
Amidst all of these efforts and the exciting potential, it is easy to lose sight of the most important stakeholder: the end user. Regulatory bodies should be weighing the best ways to maintain a stable financial system while protecting the consumer and promoting financial inclusion. And commercial banks and MNOs ought to be concerned that regulations should enable them to utilize latent networks of agents already imbedded in low-income communities (such as mobile airtime re-sellers or modern mini-market retailers, for example), while also turning a profit. However, all is for naught if the end-users — the customers — do not see sufficient value in mobile money services to make the switch from their current mix of financial management tools.
Our research rests on the presumption that the poor lead complex financial lives. Despite their position on the outskirts of the formal financial universe, low income segments have developed, adopted, and adapted formal and informal tools that help them manage their incomes. Mobile money and branchless banking services must compete, then, with a rich assortment of product offerings that are already socialized, trusted, and tailored to the poor’s specific expectations and needs. So, scaling-up mobile money is more than an access issue. In order to be adopted, products must add value above and beyond those services that the poor are already using to save, insure, borrow, and transfer money.
Our efforts are an extension of previous research conducted by the IFC, TNP2K, Microfinance Opportunities, e-MITRA, and CGAP, among others. We hope to contribute to this body of knowledge by exploring not only how low income segments manage their financial lives, but why they manage them in the ways that they do. Understanding the attitudes, norms and behaviors of end-users, including the perceived strengths and weaknesses of their current mix of financial intermediation tools, can inform more rational regulations, better product design, more targeted marketing, and the establishment and maintenance of an effective sales force of agents.
Over the past two months, we’ve immersed ourselves in three communities in Jakarta, Bandung, and the Ciwidey Regency in order to create ethnographic profiles of each that detail the rhythms of their economic and financial lives. We’ve held focus group discussions, in-depth one-on-one interviews, and ideation workshops, as well as broken fast with members of each community and even farmed in one location. Naturally, we do not seek to generalize insights that are specific to a time and place. Rather, we hope to share how new products can be tailored, marketed, and delivered to specific low income contexts that will ensure adoption and continued usage.
Our efforts will result in a report that will be published in late September. While we’re focused like lasers on the needs of the end-user, we are equally focused on ensuring that our findings are actionable for both regulators and the businesses responsible for designing and deploying profitable mobile money products. We want to know how mobile money might be integrated into or displace existing formal and informal services. It is also our hope that our research concept and design will be of relevance to the wider financial inclusion community.
We are grateful for the opportunity provided to us by The MasterCard Center for Inclusive Growth and The Fletcher School’s Institute for Business in the Global Context. In addition to their generosity, both institutions have pushed our thinking and providing invaluable in-kind support, all while giving us the autonomy to design and execute our research, and analyze our findings. We look forward to sharing our findings soon.
The first of the blog posts from Institute for Business in the Global Context researchers comes from Sarah and Jennie, who studied the business practices and the most challenging constraints of Small and Medium-sized Enterprises (SMEs) in Turkey. Both Sarah and Jennie graduated from the MALD program in May. As background for their post, they note that:
SMEs comprise 99% of Turkish enterprises and employ nearly 80% of the workforce; thus they have the potential to contribute significantly to the long-term growth of the country. Currently, the government, followed by private banks and supporting institutions, have increased attention on SMEs, but there are still considerable constraints in the areas of finance, human capital, and enhancing competitiveness. Through our research, we seek to identify the gaps between existing products and services available to Turkish SMEs and the unmet needs of those businesses, and to uncover potential alternatives to narrow these gaps.
Here’s the post that they wrote midway through their summer.
The Making of a Team
After three weeks of finishing our literature review, piloting and perfecting our interview questions on nearby business owners, and speaking with many knowledgeable representatives of Turkey’s leading banks and supporting institutions, we took our first field trip as an entire research team to begin interviews with the businesses formally participating in our study.
Our research focuses on two regions of Turkey: the Marmara Region and Southeastern Anatolia. Istanbul is the primary city in the Marmara Region and that is where we have been based since mid-June. While we are of course interviewing SMEs in Istanbul, we are also interested in speaking to businesses in other, smaller cities in this region. Therefore, we arranged to interview SMEs in Edirne, a city where Turkey shares its borders with both Greece and Bulgaria.
We met our two research assistants, Mert and Abid, at the bus station, prepared for a three-hour trip, and took an evening for final preparations before our first interviews with business owners. To our surprise, it took over two hours just to get out of Istanbul proper, so the bus ride ended up being five hours, during which we learned that we actually had two interviews lined up that very evening!
We had a contact in Edirne scheduling the interviews for us, so while we knew we’d be interviewing four to six businesses over the three-day period, we didn’t have the exact schedule ahead of time. The realities of field research abruptly hit us as we scrambled to finish final details on the bus. Due to the importance of relationships and networks in Turkey, we realized that we were at the whim of our Edirne contact as to how many interviews we packed into one day, how much time we had between the interviews, and how long the interviews would actually last. While it was amazing to finally start interviews, we were suddenly inundated with many tasks such as transcribing, recording, and analyzing this steady flow of information!
While our inner-American spirits would have preferred more time to feel settled, our newly minted Turkish mindset, coupled with the many hours we had previously spent on interview questions, enabled us to complete very productive and informative interviews that evening and over the next couple of days.
In the midst of it all, however, we did get a chance to see a bit of the city, one of the former capitals of the Ottoman Empire. On our way to one interview, we stopped to explore some historical sites such as Selimiye Mosque, visited a horse stable on the Turkey-Greece border, and one of our research assistants realized his lifelong dream to ride a moped!
All in all, the trip was a rich learning experience and provided some lessons and insights which have already begun to influence the direction of our research. We are discovering that, despite a wide range of both financial and non-financial offerings by Turkish banks, SMEs are mostly concerned with loans, for which they consider the terms (especially high interest rates) to be quite prohibitive.
Furthermore, while the existing literature indicates that access to capital is the greatest constraint SMEs face, we are actually finding that businesses largely lack skills in cash management and financial accounting principles, which prohibits them from effectively using the available capital.
Last, these businesses also cite difficulties in finding, employing, and trusting qualified employees. There is a tension felt by business owners who do not want to relinquish control, yet aspire to expand and professionalize their business. When faced with the decision of whether to hire outside talent, particularly semi-professional managers, more often than not owners prefer to maintain a tight grip on all decisions.
We are now wrapping up our interviews in the Marmara Region, and we will be writing a second post from the opposite corner of the country, Gaziantep!
In August I heard from the folks at the Institute for Business in the Global Context, who asked if the Admissions Blog could feature the writing of students who conducted research this summer. I’m really happy to be able to share the posts that the IBGC students have written, and they’ll run from Wednesday to Friday this week. First, an introduction from Jamilah Welch, the IBGC program coordinator.
This summer, three teams of two students each conducted original research projects around the world for Fletcher’s Institute for Business in the Global Context. The projects, which took place in Indonesia, Turkey, and Kenya, were fully funded as part of an innovative research initiative in partnership with the MasterCard Center for Inclusive Growth.
Drawing upon the Fletcher students’ contextual understanding, the Junior Research Fellowship (JRF) allows them to engage in original research and analysis, resulting in new market insights to encourage more inclusive business growth — everything from SME (Small and Medium Enterprise) development, to mobile money, to services for the poor. Resulting publications will display a rich blend of academic and business-oriented insights that push beyond the reach of traditional market research, but maintain a practicality less often found in academia.
This week, we will hear from our student teams, via their field blogs.
In the next few weeks, in response to requests from readers, I hope to be able to gather a few posts in which students sum up their internship experiences. I thought I’d start by pointing you back toward the blog’s July post that collected links to several students’ own blogs. Not all of the students whose blogs were included wrote a summary post, but a few did, so check them out:
I’m working on gathering more stories from the summer. Stay tuned!
P.S. (Quick late afternoon addition): Check out the Fletcher Admissions Facebook page for photos of their internships that students have shared!
Earlier this spring I had contacted MALD student Kamil Pawlowski with a question. We exchanged a round of emails, and only then did I learn that he was not responding from campus, but rather from Yangon, Myanmar. I asked him if he would write something for the blog, and he kindly agreed. Here’s his report about his year on leave from Fletcher.
One year ago this week I arrived in Myanmar to begin my summer internship with UNICEF. I had finished my first year at Fletcher, and was excited to go to a country I’d been studying for nearly a decade, and especially to put into practice some of the knowledge and skills I’d acquired over the previous year. Four other classmates were interning in Yangon that summer, and we all shared a cheap flat downtown. It was so cheap, though, that since I was the last of the crew to arrive and I got last pick of the rooms, I ended up without a door or air-conditioning. Needless to say, it wasn’t a comfortable summer, but it proved to be worth the discomfort in ways I hadn’t expected. A few weeks before my internship was over, I was offered a temporary position as Emergency and Reporting Officer with UNICEF Myanmar!
I debated what to do for a long time while I went through the official hiring process. I was worried about interrupting my two-year degree, about how removing myself from graduate school for a year would affect my academic motivation, and about not graduating with the group of friends and colleagues with whom I’d begun the Fletcher journey. However, it was a fantastic opportunity to further my career goals and to gain more experience in what I had wanted to accomplish with my degree in the first place. Ultimately I succeeded in the required external candidate hiring process and decided to take the posting. Fletcher was gracious enough to grant me a leave-of-absence for the duration of the appointment, and while the decision to delay the completion of my MALD was difficult, I am happy with the choice I made. Fortunately, I’m now living in a nice flat with doors, air-conditioning, and even wireless internet — a luxury here, and a huge upgrade from last summer!
As an Emergency and Reporting Officer, I work on the coordination and monitoring of UNICEF’s humanitarian intervention in two on-going emergency settings. In Kachin State, around 91,000 people have been newly displaced by a decades-long civil war that resurged in 2011, while in Rakhine State, around 140,000 people have been displaced, and an additional 170,000 have been otherwise affected by communal violence since 2012. I primarily work in Yangon, but have gone on missions to both areas to provide technical assistance to field staff in monitoring, as well as to conduct emergency preparedness and response trainings, including refreshers on humanitarian principles. Most of my work focuses on organizing information and reporting on UNICEF’s interventions in both states. The work is difficult, though at times exciting, especially when I see the implementation of recommendations I make and their positive outcomes. It is also increasingly challenging, due to a shrinking humanitarian space as a result of communal conflict and misunderstandings, or misrepresentation about how aid is delivered. This has resulted in targeted attacks against humanitarian offices in Rakhine State, and has restricted access to many areas. While solutions are not readily available, we have been able to make some progress to address these challenges, influenced in part by my own research and study at Fletcher.
I came to Fletcher to earn a MALD through the study of humanitarian assistance, minority rights, and forced migration. My academic work has routinely focused around how a particular population in Myanmar, the Rohingya, have been affected by these issues. During my first year at Fletcher I took courses that strengthened both my contextual and practical understanding of how to provide effective humanitarian assistance, while upholding and respecting the basic human rights of displaced peoples and conflict-affected people. At UNICEF I have been constantly applying things I absorbed through courses during my first year at Fletcher, especially from Hurst Hannum’s Nationalism, Self-Determination and Minority Rights, Dan Maxwell’s Humanitarian Assistance in Complex Emergencies, Cheyenne Scharbatke-Church’s Design and Monitoring of Peacebuilding and Development Programming, and Dyan Mazurana’s Gender, Culture and Conflict in Complex Humanitarian Emergencies. These courses have provided tangible tools and ways of thinking to address many of the issues we face here in Myanmar, particularly more thoughtful and impact-driven program design and evaluation, gender and conflict analysis, and a key understanding of the human rights and humanitarian assistance polemics that have direct application to the conflict environment in Myanmar. I am especially grateful to the professors and atmosphere at Fletcher for fostering knowledge through the study, analysis, and practice of real-world cases and debates. This academic experience has had great impact on my ability to maneuver and succeed in this complex environment.
I am excited to return to Fletcher when I finish my appointment. I will go back with a fresh understanding of the skills I still need to acquire through coursework, to better do the job I want to do. I will also bring with me an experience that will be extremely valuable for connecting the issues discussed in Fletcher courses with their practice in the fields of humanitarianism and human rights. Just as importantly, I’ll meet a whole new group of wonderful, talented, exciting individuals with whom to share the next step of our journey.
The reason why the Fletcher staff is lonely all summer long is that our students are so successful in finding internships that meet their career objectives, with the result that they’re generally out of town. Diane, our student blogger, tells us about her internship search, and shares a couple of photos from her summer post.
At Fletcher, the summer between the first and second years of the MALD or MIB program is open for students to use as they wish. While internships are not required, students are encouraged to pursue one, and most do. Others may prefer to use the time to develop their language skills, research or prepare their Capstone Project, or travel.
Coming into Fletcher I knew the biggest gap on my résumé was my lack of field experience. Therefore my goal for the summer revolved around going to a developing country to work. I was hoping to find a research project that fit at least one of my interests: food security, mobile technology, or impact evaluations.
In January I began my search, reaching out to alumni at the DC Career Trip, speaking with second years about their experiences, and doing a lot of internet research. My best resource became my professors, who were able to put me in touch with some of their contacts. I sent a lot of emails, and got a few great leads; however, as the months went on, I still didn’t have an offer.
One organization that interested me and that I had identified early on was Innovations for Poverty Action (IPA). Friends at Fletcher who had either previously worked or interned with IPA in the past informed me that the organization advertises internships quite late, so I kept an eye on the website, and applied while still continuing my search through my networks.
Right before exams I had a flurry of interviews for different opportunities, and on the day of my last exams, I received an offer to spend my summer in Tamale, Ghana with IPA. As I had already planned to head home in a week, I packed my stuff the next day and flew to Australia where, in amongst catching up with family and friends, I organized my visa, booked flights, got immunizations and anti-malarial tablets, searched for a mosquito net, packed for some very warm weather, and got on a plane (or four planes, to be exact).
IPA designs and evaluates potential solutions to poverty using randomized evaluations and is based out of Yale University with offices across the world. I am working on a project that involves offering rainfall insurance to farmers and I will be investigating whether this insurance can be made available through other organizations once the project is complete. I am sure it is going to be a great summer, and look forward to returning to Fletcher in the fall to apply what I have learnt.
Here’s a bit of news worth noting, both because it’s about an honor received by two of our students, and because incoming students may also want to be considered for this honor in future years. To borrow the introductory paragraph from the website of APSIA, the consortium of schools to which Fletcher belongs:
The Harold W. Rosenthal Fellowship in International Relations and its partner, the Association of Professional Schools of International Affairs (APSIA), announce the selection of thirty fellows for Summer 2014. The Fellowship provides graduate students at APSIA member schools the opportunity to spend a summer working on international relations related issues in the U.S. government Executive Branch or the Congress.
And here are the Fellowship program’s descriptions of the two Fletcher recipients:
Emily Cole is working on a MALD degree at the Fletcher School, Tufts University, where she is a Seth E. Frank ’55 Fellowship recipient. Her concentrations are in human security and international environmental policy. In addition to her graduate work, Emily works on international food security, land grab, and agriculture policy issues at the Global Development and Environment Institute. She has also worked as a Peace Corps program assistant in Senegal and a senior associate at a consulting firm in DC. Emily’s undergraduate degree, cum laude, in political science and French, with a certificate in African studies, is from Amherst College. Emily will be hosted this summer by the U.S. House of Representatives, Ways and Means Committee.
Mark Hoover is enrolled in the MALD program at the Fletcher School, Tufts University, with a concentration in international negotiations and conflict resolution. He has worked as a translator for PACT-Building Capacity Worldwide in Lubumbashi, Democratic Republic of Congo and as an economics intern at the U.S. Embassy in Dakar, Senegal. He was a Fulbright Fellow, working as a teacher at Escola Andorrana de Segona Ensenyanca d’Encamp, Andorra. Mark studied for a semester at the University of Burgundy Centre International d’Etudes Francaises, in Dijon, France, and his BA in political science and French studies, magna cum laude, is from Wake Forest University. Mark is spending the summer working for the U.S. Department of State, Embassy of the United States, Burkina Faso.
Congratulations to Mark and Emily!
Some students had the great idea to create a map indicating where they’ll be for the summer. That way, if other students happen to be visiting Rome (for example), they can see who’s there for an internship. Here’s the map:
The list includes some interesting summer work, such as “reporting on the crisis in Syria for the Honolulu Star-Advertiser,” and “Brand Ambassador for Fireball Whiskey Sales & Distribution, Sazerac Company.”
And students will be in A LOT of interesting and distant locations, including:
TY Danjuma Foundation
Wamda Research Lab
Political Section at the U.S. Embassy
FIDP (Frontier Investment and Development Partners)
But the biggest Fletcher crowds this summer will be found in New York at (among other organizations):
United Nations Department of Economic and Social Affairs
International Rescue Committee
Center for Human Rights and Global Justice
United Nations Department for Peacekeeping Operations
Federal Reserve Bank of NY
NYC Department of Education
and Washington, DC:
U.S. Dept of State (many!)
House Committee on Ways and Means
Humanity in Action Fellowship
Albright Stonebridge Group
U.S. Dept of Treasury
The Cohen Group
Over time, the blog has included many brief references to, or longer descriptions of, student internships, including some responses to an informal survey I sent out last year, asking about academic year internships. Recently, the Office of Career Services added a feature to their website, offering comments from students on their summer internships. The comments range from appreciation for a special opportunity to observe a nation in transition:
Being in Myanmar during this time of transition for the country was fascinating. Through this internship, I was also given the opportunity to visit parts of the country that are not accessible to tourism. The professional and personal growth I experienced through this internship was invaluable.
To making valuable contacts:
I had the opportunity to collaborate with many important people working in the Asia-Pacific region, including the U.S. Ambassador to the Asian Development Bank, the Director of the Asia-Pacific Center for Security Studies and former Deputy Commander of the U.S. Pacific Command (PACOM), and the former U.S. Ambassador to APEC.
To gaining deeper understanding of the work of an organization and a field:
I really appreciated being engaged in research in human rights abuses, in many countries, working with different researchers, and types of research (i.e. outputs). I gained insight into how Human Rights Watch works as an organization, and how human rights research looks from a non-academic perspective.
To developing key skills:
Professionally, it was a great opportunity to work in French on a daily basis, learning how to communicate and articulate key technical concepts in development work, as well as understand the ever-changing and evolving context of economic development work in Burkina Faso. At the end of my internship, I delivered a consulting presentation highlighting the work I had accomplished, in French, to the senior officials of MCA-BF and MCC.
We’re at the point in the spring semester when students who haven’t already pinned down an internship for the summer will finalize their choice of opportunity. These comments from summer 2013 are a good reminder that Fletcher students do some great work, and make real contributions to their organizations, each summer.
I recently heard from Justin, a 2013 grad, who offered to share his reflections on his first months since graduating. I love volunteers! And here is Justin’s report.
As I reflect on my experience at Fletcher, I can hardly believe it’s been three years since I made the decision to attend graduate school. In early 2011, I was living in New York and working as a manager at a Big 4 consulting firm. Though I was making a good living, I felt that my career had plateaued, and I wanted to burnish my credentials to pursue the international business career I had always dreamed of. Fletcher’s MIB program offered exactly what I was looking for — core business training within the context of a school famous for its international affairs curriculum. So I went for it. And three years later, I can happily say it was one of the best decisions I’ve ever made.
I entered Fletcher with a clear mission: to position myself for a great job when I graduated. While I certainly worked hard in the classroom, I also made networking one of my top priorities from the start. By constantly speaking with alumni and attending events, I developed a clear sense of the path I wanted to take by the end of my first year, and my efforts generated three internship offers, all through alumni connections. I ultimately chose to work in Latin America strategy at Converse Inc. (a Nike subsidiary).
Converse opened many new doors for me. A successful summer led to an offer to continue working part-time during my second year (Converse is based in Boston), and I used that time to develop my capstone — a three-year commercial strategy for the brand in Brazil. Working part-time on top of studying full-time was certainly a major commitment, but it enabled me to apply context to all of the new skills I was learning in the classroom. The Fletcher alumnus I worked for, Dave Calderone (F’87), was an excellent mentor who exposed me to many facets of the global footwear industry. He played an instrumental role in my education. And the day after graduation, I started working full-time for Dave as a Strategic Planning Manager for Latin America at Converse.
After a few months, I made a personal decision to move to San Francisco. I’m now working as a Senior Manager of Business Development for the Old Navy brand at Gap, Inc., where I’m responsible for adding new markets to Old Navy’s international franchise portfolio. In the coming year, I’ll be traveling extensively around the world to visit retail markets and meet with potential new franchise partners. I’ll be negotiating contracts, examining import/trade implications, constructing financial models, and truly building a global business. It’s a job I could only have dreamed of before Fletcher.
My life has changed significantly over the last three years. I now have lifelong friends all over the world. I’ve been to 10 new countries on three continents. I think about global business issues in an entirely new way. And I got the international career I had hoped for. Deciding on graduate school is a major life decision indeed, but it works if you work it. So be deliberate, be decisive, have an open mind, and go for it.
Oh, and one last thing. Support Los Fletcheros!
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