Strategy & Business Development Intern

About ITT:

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company’s differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

 The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments: 

• Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
• Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
• Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

 ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

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) 
• Experience with Aerospace Components Manufacturing companies is 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

Salary : $22 - $25