We’ve conducted more than 220 Practicum projects for more than 130 organizations. Whether considering the effects of an investment portfolio change, analyzing the strategic implications of a new product line or exploring acquisitions in an emerging market, students bring professional results to real-world problems.
The Practicum is an excellent way to become familiar with Olin’s talent – both students and faculty – and to establish a presence on campus. Our sponsors tell us that Practicum consulting teams produce high-impact results at a modest cost. With an investment of $16,000:
- You select a four- to five-student independent consulting team (MBAs and/or upper-level BSBAs) – a great way to test-drive Olin talent.
- Team members devote a minimum of 150 hours per person to the project, for a team total of at least 600 hours.
- A faculty adviser, a specialist in the project area, contributes 25 to 30 hours of mentoring and instruction.
- At the conclusion of the project, the student team submits a written report and makes a formal presentation to an audience of your choosing.
Olin students have strong incentives to excel at their project; they receive a grade, three credit hours, and a résumé- and skill-building hands-on experience.
You submit an online application (including a profile of your organization, description of the consulting project and suggested deliverables). The Center for Experiential Learning (CEL) staff will help refine the project description to maximize the value of the project – for your organization and as an educational experience for the students – and to ensure that it can be completed in the semester time frame.
Students submit a résumé and one-page narrative describing their interest in the project. You review student applications and select four to five students for the team.
The organization pays a $16,000 fee to sponsor the project in addition to any out-of-pocket student costs, such as long-distance phone charges and travel outside the St. Louis area.
|Organization application deadline
|Project descriptions released to students
|Student application deadline
|Organizations selects teams
|Project work begins
|Final presentations delivered
The team will devote a minimum of 600 hours to your project. The students will not report for work at regularly scheduled intervals, but some projects may require weekly contact or on-site visits.
Your time commitment will vary with the nature of the project. The team will need access to the data and people necessary to fulfill the project goals. Near the end of the project, you may need to spend several hours working with the team while the students refine their final presentation.
Many organizations ask their student teams and faculty adviser to sign confidentiality agreements. The CEL provides an agreement prepared by the Washington University general counsel's office.