Strategy & Business Development Intern

About ITT:

ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations.

 

Our businesses are organized in three distinct segments, each based around our core engineering DNA: 

 

Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj. 

 

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

 

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 

Position Summary

The Strategy & Business Development (SBD) Intern will have the opportunity to support the annual strategic planning process. This role will also support mergers and acquisitions by managing and screening the pipeline of targets, assisting with creating businesses cases, and supporting due diligence on active deals. 

Essential Responsibilities

Support VP, Strategy, Venturing and Integration with Strategic Planning and M&A activities, including: 

• Preparing specific market and competitive environment analysis and presentations to support senior management decision-making process  
• Collaborate with other business unit key managers and functions in defining the company strategy  
• Support Strategic Planning process  
• Support M&A targets identification, analysis, cultivation and Due Diligence activities  
• Support strategic initiatives business case development such as (but not limited to) entry strategies, footprint optimization, launch of new products, development of new processes 

Position Requirements

• Currently enrolled in a Business Programs (BS/MBA), in good standing 
• Prior experience in strategy, business development or consulting preferred 
• Demonstrated market & competitive research and analysis proficiency 
• Demonstrated strategic thinking abilities with strong analytical skill 
• Demonstrated ability to apply strategic framework to problem solving  
• Self-motivated / directed, and can easily function and stay organized in a high-demand, high-performance culture 
• Excellent verbal and written communication skills 
• Comfort tackling multiple projects concurrently, supporting multiple stakeholders 
• Strong data analysis capabilities and excel modeling (a plus) 

Equal Pay Act Statement

We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

Equal Pay Act Range

$22.00 - $25.00 per hour