Business Analysis and Pricing Strategy Intern null

About Raytheon Technologies

Raytheon Technologies, a global leader, excels in manufacturing aircraft engines, avionics, missiles, and space systems. Its subsidiary, Pratt & Whitney, renowned for cutting-edge aircraft engines, has significantly shaped the aviation industry since the early 20th century. Continuing to drive propulsion advancements, it delivers unparalleled performance and reliability.

Your role

Their expectations:

The person chosen will be responsible to identify opportunities, and drive actions, to expand margins through pricing of their products throughout the aftermarket lifecycle.

What your day to day will look like:

Create value through pricing;

• For a given engine model, perform a financial analysis of the maintenance market and of P&WC product offering in order to propose changes in pricing or in product offering. For example, the analysis may lead to the conclusion that product’s x price should be raised because it sells more than product y, but generates a lower margin.
• Participate in the creation and implementation of lifecycle pricing strategies by defining generic pricing strategies for recently introduced engine models (i.e. maximal capture), mid-life engines and end-of-life engines (i.e. keep flying).
• Work with key stakeholder within P&WC to: understand different market views, collect pricing/product change ideas, validate proposed recommendations, create implementation plans, seek management approval, drive implementation and ensure value creation is realized and sustained.

Business case support & revenue recognition;

• Support the creation or review of business cases for new product introduction or commercial transactions. The pricing team act as a center of excellence for business cases within the Business Development organisation.

Internship dates: September 3rd to December 20th, 2024

Training & development

Pratt & Whitney's internship program is a dynamic immersion into the aerospace industry. Interns gain hands-on experience working alongside seasoned professionals, participate in cutting-edge projects, and benefit from tailored mentorship. Through a blend of challenging assignments and continuous learning opportunities, they cultivate a diverse talent pool, empowering interns to contribute meaningfully to the future of aviation.

Benefits

If you join as a full-time employee, you will get the following benefits:

• Medical, dental and vision plans
• 401(k) plan
• Income and asset protection
• A variety of flexible work arrangements and paid time off
• Programs for dependent and adult care, family leave, college planning, counseling and personal convenience services.
• Relocation assistance
• Tuition assistance

Career progression

Begin your career journey at Pratt & Whitney as an intern, diving into cutting-edge aerospace technologies. Contribute to innovative projects, gaining hands-on experience and mentorship, setting the path for a seamless transition into a full-time role upon graduation. The company offers diverse opportunities for recent graduates or current students seeking meaningful internships as a stepping stone to a rewarding career.

Work-life balance

It's important to them that you feel supported through life’s challenges. Here you can enjoy a variety of flexible work arrangements with an available hybrid work schedule and paid time off, as well as programs for counseling and personal convenience services.

Role type: Hybrid role: 3 days per day at the office

Culture & vibe

Pratt & Whitney's culture holds the achievements and performance of its employees in high esteem and rewards them. Their people and teams excel at their work every single day. They are proud to recognize people who go above and beyond with rewards and awards to acknowledge and celebrate their efforts. Working at P&WC will transform your way of seeing the world. And the way the world sees you.

About you

What you need to be successful:

Must haves;

• Be eligible to work in Canada.
• Be enrolled in a Canadian university throughout your internship.
• Be able to work on-site in the province where you are hired if applicable.
• Pursuing a degree in business, finance, economy, engineering.
• Excellent communication skills in French (spoken/written). 
• A good knowledge of the English language, both written and spoken, is required for this the operational needs of the Employer and the people with whom the candidate will interact.
• Computer skills (PowerPoint, Excel, Word, etc.).

Assets;

• Organizational skills and ability to work under pressure with competing and varying priorities.
• Strong people and communication skills.
• Business acumen.
• Aerospace/Aviation or product knowledge (engines).
• Experience in manipulating large data sets or AI knowledge would be an asset.

Sources

The following sources were used in researching this page:

• prattwhitney.com/en/our-company/about
• careers.rtx.com/global/en/culture
• careers.rtx.com/global/en/culture#benefits
• careers.rtx.com/global/en/campus
• youtube.com/user/prattandwhitney1925