Question 1

What does MFB actually do for its clients?

Accepted Answer

MFB provides strategy consulting to four organizations each semester across areas like operations, marketing, growth strategy, and product. Separately, as a Tier-1 Kiva trustee, the club helps small businesses apply for 0% interest microloans of up to $10,000 by conducting due diligence and financial analysis.

Question 2

Is there an intern track for people who aren't ready to apply for full membership?

Accepted Answer

Yes. MFB has a separate intern program designed for students who want to explore microfinance and consulting before applying for full membership. Interns support project work and attend trainings alongside full members. Applications open on a separate cycle from member recruitment.

Question 3

What does the interview process look like?

Accepted Answer

The process includes a first-round group case interview, a second-round behavioral interview, and a social night. There is also a non-evaluative case workshop before applications close to help candidates prepare.

Question 4

What kinds of companies have MFB alumni gone on to work at?

Accepted Answer

Past alumni have gone into consulting, finance, and tech. Companies listed on the website include Google, Goldman Sachs, J.P. Morgan, BlackRock, Meta, McKinsey, Morgan Stanley, BCG, PwC, Apple, KPMG, IBM, Netflix, Salesforce, Amazon, and others.

Question 5

Do I need a business or finance background to apply?

Accepted Answer

The club explicitly offers a case workshop for applicants who are new to microfinance and casing, describing it as a non-evaluative session to help everyone succeed in the interview. Members come from diverse academic backgrounds.

Microfinance at Berkeley