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Addressable Market Analysis Intern - Summer 2024

Job Number:  64162
Group:  Magna Corporate
Division:  Magna Services of America (Troy Office)
Job Type:  Intern/Co-op
Location: 

Troy, MICHIGAN, US, 48083

Work Style: 

Magna

 

Job Number: 64162 
Group: Magna Corporate  
Division: Magna Services of America (Troy Office) 
Job Type: Intern/Co-op 
Location: TROY 
Work Style:  

 

About us

We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

 

Forward. For all.

 

Group Summary

Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

 

Role Summary

This position is responsible for analyzing Total Addressable Market of vehicle systems and components. The purpose of the market analysis is to identify projected future market sizes of system/component in emerging technology areas, such as electrification, autonomy, and software, using data available in public space and inside of Magna. Key objectives include conducting/documenting the research on market size projection and developing a process of the market size estimation.

Key Responsibilities

Emerging technology research

  • Research and collect data and information that can be utilized for market size projection
  • Collect market size forecasts from other companies and/or institutions
  • Summarize findings and determine core data that Magna can use for its internal estimation

Develop processes for addressable market size projection

  • Develop methodologies to utilize data collected and available inside Magna
  • Develop automated routines for data processing using code, such as Python or R

Project addressable market sizes of core systems and components in emerging technology areas

  • Project total addressable market size using the methodologies developed
  • Cross check with forecast data published by other companies and/or institutions
  • Develop Magna’s own market size projection

Key Qualifications/Requirements

Excellent analytical skill set
• Must be fluent in MS Office, particularly Excel and PowerPoint
• Ability to generate data processing code is a significant plus.
• Ability to find and extract valuable information from public data and/or online
• Basic knowledge of automobile and automotive engineering is a plus
• Willing to work for 10 to 20 hours per week for 4 to 6 months

Additional Information

• Undergraduate degree in engineering
• Studying in graduate program pursuing a business degree or MBA (highly preferred)
• Good communication skills (written and verbal) and good presence
• High interest in the automotive industry and new technologies
• Creative thinker in developing data processing and analysis
• Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer.

Awareness. Unity. Empowerment.

At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.


Nearest Major Market: Troy
Nearest Secondary Market: Detroit

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