MBA Intern

Internship opportunity. MBA students (Search, Strategy, Value Creation)

Lumix Capital acquires and holds small businesses for the long term. We buy good companies, and build value over years rather than to an exit date. We intend to compound the returns. Its ETA as most know it, but with several nuances to the search part and the exit part.

About the program

Individual placements of 10 to 12 weeks for MBA students who intend to search for, buy or run a small business. You choose one of three tracks. We are pretty flexible and agile as to what we need and what you may want. We will shape the project around what you want to learn and what the business needs.

The honest version

Expect to spend much of your time doing analysis, researching things, building lists, cleaning data and chasing people for information. It is highly unlikely you are involved in a transaction process or any of your work leads to a transaction.

Possible internship pathways

Head Office: Find, screen and assess acquisition targets.

• Develop a screening criteria
• Build and screen target lists against the criteria.
• Plan owner outreach.
• Review and score sale documents.
• Build first-pass models and support diligence.
• Present an industry thesis each week.

Strategy: value identification: Work as commercial analyst to the leader of one operating business.

• Assemble and clean the business's data.
• Interview staff and customers.
• Build a performance baseline.
• Size three to five opportunities.
• Create the project plan/map for the opportunities

Value Creation: one defined problem. Work as right hand to a business leader on one problem with a measurable target.

• Diagnostic work to identify a problem
• Define the problem and its potential causes
• Plan how to solve the problem
• Implement alongside staff and track results weekly.
• Hand over so the change outlasts you.

Who we want

• A current MBA student at a top business school considering search, acquisition or small business leadership.
• People with around 4-6 years work experience in consulting, finance, PE, VC or something gritty but quantitative
• Evidence of drive: something you built, ran or funded yourself.
• Comfort working with little structure.
• Clear writing and competence with spreadsheets.
• Someone who has experimented and implemented agentic workflows. AI maturity is critical. "I use claude or chatgpt" is not enough.
• Fluency in english

Terms

• Unpaid. Structured to meet your school's requirements for a for-credit placement.
• 10 to 12 weeks. Full-time is preferred; the minimum is 20 hours a week.
• Remote by default, with on-site work where location allows.
• Individual placements only.

What you receive

• Direct access to the principal, the operations team
• Reading lists.
• CV line!
• A professional reference.
• Strong performers will be considered for operating roles.

Post internship

• We are always looking for the next CEO of a company we acquire.
• In the short term we could offer you a full time role in HQ or a leadership role in a portfolio company via our CXO program
• In the long term we could place you as the CEO of a company via our CXO program

How to apply

Email nicholas@lumixcap.com.au with the subject line "[Name] | MBA Internship | [Name of MBA program]

Email must include:

1. Your CV
2. What you hope to gain, what you can give (Adam Grant's Give Take stuff)
3. Your proposed ETA screening criteria
4. The best and silliest thing you've done with all these AI tools (if there's a difference)
5. Link to your linkedin

Applications are initially screened through a verification workflow, so please follow the instructions to give yourself the best chance. You will only hear from us if we think there is a fit.