Boston Consulting Group (BCG) associate Emma Beal will take on a masters at MIT next year after receiving a prestigious John Monash scholarship. Rutika Ranade has meanwhile been awarded a True North scholarship by Bain & Company.
The John Monash Foundation has announced its international scholarships for 2024, with Brisbane-based Boston Consulting Group associate Emma Beal among the sixteen standout recipients.
The University of Queensland advanced finance & economics graduate will head to the US next year to study a masters in data science at MIT, while current UNSW civil engineering student Rutika Ranade has been awarded this year’s True North scholarship from Bain & Company.
John Monash
This year celebrating its 20th anniversary, the John Monash scholarships are considered among the nation’s most prestigious overseas postgraduate study grants, awarded to exceptional students who demonstrate future leadership potential across disciplines such as medicine, science, law, politics and business. To date, just under 250 scholarships have been awarded, worth up to $225,000 over three years towards tuition at the world’s leading universities.
Following in the footsteps of Jessica Cong, a former L.E.K. Consulting senior associate who is currently undertaking an MBA at Columbia Business School in New York, Beal will next year pack her bags for the Massachusetts Institute of Technology, the birthplace of the world’s oldest management consulting firm Arthur D. Little.
Beal has been a member of BCG’s climate & sustainability practice for the past two years, having earlier completed an internship with Deloitte.
Beal’s postgraduate studies are aimed at supporting her ambition to address what she calls Australia’s “energy trilemma” – the creation of reliable, affordable, and sustainable electricity. “I believe that the power of data analytics is currently underutilized in its ability to integrate the low-carbon energy solutions required by the grid of the future, and want to influence and enhance the environmental, economic, and social outcomes of the domestic energy transition.”
True North
Meanwhile, UNSW finance and civil engineering student Rutika Ranade has been selected by management consultancy Bain & Company as its 2023 True North scholarship winner for the Australia and New Zealand region. Established in 2014 with the aim of addressing gender imbalance among the strategy consulting leadership ranks, the $20,000 True North scholarships are open to high-achieving women in their penultimate year of undergrad study in any discipline.
Having already had a taste of the consulting sector via previous internships with Ernst & Young and social design specialist Thinkplace, Ranade will now be assigned a Bain mentor and practice her problem-solving skills with the potential of landing a future full-time position.
Xialene Chang, who was awarded the scholarship in 2020, is now working as an associate consultant with Bain in New York, while 2021 winner Tiffany Chee joined BCG in Sydney earlier this year.
Another associate consultant, Isabelle Robertson of Bain’s Sydney office, speaks to the value of and her experience with the True North program. “Before seeing it advertised I had never heard of strategy consulting and definitely hadn’t considered it as a possible career. I really liked that the TNS process included workshops that provided information on the office culture, what day-to-day life is like for a consultant, and gave overviews of the kind of cases you might work on.”
Sourced from Consultancy.com.au