Intern Product Strategy (100%)

📍 Job Overview

Job Title: Intern Product Strategy (100%)

Company: Richemont

Location: Schaffhausen, Switzerland

Job Type: Full time Internship

Category: Product Strategy / Operations

Date Posted: 2026-08-21

Experience Level: 0-2 Years (Internship level)

Remote Status: On-site

🚀 Role Summary

• Support the Product Strategy Department in analyzing strategic business areas and market trends within the luxury watch industry.

• Conduct comprehensive benchmark and competitor analyses, presenting findings to various departments to inform strategic decisions.

• Perform detailed product performance analysis utilizing sales data to identify key drivers of success and areas for improvement.

• Assist Product Managers in developing strategic presentations and product briefings, contributing to go-to-market strategies.

• Maintain and update product information within internal databases, ensuring data integrity for product strategy initiatives.

📝 Enhancement Note: While the title is "Intern Product Strategy," the responsibilities heavily involve data analysis, performance tracking, and supporting strategic planning, aligning with core functions of a Product Operations or GTM Operations intern role. The focus on "interface between Product Development, Sales and Marketing" and "strategic product planning" positions this as a crucial operational support role within the product lifecycle.

📈 Primary Responsibilities

• Conduct in-depth analysis of strategic business areas and specific challenges within the global watch industry, deriving actionable recommendations for product strategy.

• Execute comprehensive benchmark and competitor analysis, synthesizing findings into clear, concise presentations for cross-functional teams including Product Development, Sales, and Marketing.

• Analyze detailed product sales data to assess performance, identify trends, and provide insights that inform product lifecycle management and future product roadmaps.

• Support Product Managers in the creation of strategic presentations, including market insights, competitive positioning, and product value propositions, ensuring alignment with overarching brand strategy.

• Provide general support for product marketing initiatives, including research and information gathering for legal cases and market intelligence.

• Maintain and update product references and details within an internal product database, ensuring accuracy and accessibility of product information for strategic planning and reporting.

📝 Enhancement Note: The responsibilities listed indicate a strong emphasis on analytical tasks, data interpretation, and cross-functional support, which are critical for effective product operations and go-to-market strategy execution. The intern will be expected to contribute to strategic decision-making through data-driven insights.

🎓 Skills & Qualifications

Education: Bachelor’s or Master’s degree in Marketing, Business Administration, Economics, or Engineering.

Experience: Preferably first internships in the luxury industry or Fast-Moving Consumer Goods (FMCG).

Required Skills:

• Strong analytical skills with the ability to interpret complex data sets and derive strategic recommendations.

• Proficiency in Microsoft Office Suite, with advanced skills in PowerPoint for presentations and Excel for data analysis and modeling.

• Excellent command of English, both written and verbal.

• Demonstrated ability to work independently, manage multiple tasks, and meet deadlines effectively.

• Strong organizational and coordination skills, with a proactive approach to problem-solving and task completion.

• High resilience and flexibility to adapt to a dynamic and fast-paced environment. Preferred Skills:

• German language proficiency.

• Familiarity with the luxury watch industry, including current trends and new releases.

• Prior internship experience within the luxury goods sector or FMCG.

• Understanding of product lifecycle management principles.

📝 Enhancement Note: The required skills emphasize analytical rigor, data manipulation (Excel), and strategic communication (PowerPoint), which are fundamental for operations roles. The preference for luxury/FMCG internships suggests a need for understanding consumer-driven markets and brand strategy, relevant for GTM operations.

📊 Process & Systems Portfolio Requirements

Portfolio Essentials:

• Showcase analytical projects involving data interpretation and the derivation of actionable insights.

• Include examples of market or competitor analysis, demonstrating research methodology and strategic recommendations.

• Present case studies of product performance analysis, highlighting the use of sales data and key performance indicators (KPIs).

• Demonstrate proficiency in creating clear and impactful presentations using PowerPoint, suitable for executive review. Process Documentation:

• While specific process documentation is not explicitly requested for an intern, candidates should be prepared to discuss their approach to organizing and analyzing data for strategic projects.

• Be ready to articulate how they would approach structuring a competitor analysis or a product performance review to ensure thoroughness and clarity.

📝 Enhancement Note: For an internship, a formal "portfolio" might not be as extensive as for a full-time role. The emphasis here is on preparedness to discuss past analytical projects and demonstrate understanding of strategic analysis processes through examples from academic work or prior internships. The ability to articulate how one approaches data analysis and strategic planning is key.

💵 Compensation & Benefits

Salary Range: As this is an internship position, a specific salary range is not provided. However, based on industry standards for internships in Switzerland, particularly in the luxury sector in Schaffhausen, a competitive monthly stipend is expected. This would typically range from CHF 2,000 to CHF 3,500 per month, depending on the candidate's academic level and prior experience.

Benefits:

• Daily food & beverage allowance of CHF 7, redeemable in the in-house restaurant and selected restaurants in Schaffhausen.

• Yearly health insurance contribution of CHF 2,340 for full-time contracts.

• 25 days of vacation annually (30 days as of age 50), plus 5 additional bridge compensation days.

• Special conditions on selected IWC & Richemont products.

• Diverse health & wellbeing initiatives and programs, including financial support for external childcare.

• Access to the IWC Sport Club for sports enthusiasts.

• Attractive workplace adjacent to the Rhine river, encouraging social activities.

• Memorable internal events (Christmas, summer after work drinks, etc.).

Working Hours: 100% (Full-time), typically 40 hours per week, with potential for some flexibility depending on project needs and team coordination.

📝 Enhancement Note: The salary estimate is based on typical intern compensation in Switzerland for roles requiring a degree and specific analytical skills in a high-cost-of-living area like Schaffhausen. The benefits package is generous and indicative of a company that values employee well-being and engagement.

🎯 Team & Company Context

🏢 Company Culture

Industry: Luxury Goods (specifically Watchmaking). Richemont is a global leader in the luxury sector, with a portfolio of prestigious Maisons. IWC Schaffhausen is renowned for its high-end mechanical timepieces, blending precision engineering with timeless design. This context implies a culture that values craftsmanship, innovation, heritage, and exceptional quality.

Company Size: Richemont is a large multinational corporation with tens of thousands of employees globally. IWC Schaffhausen itself is a significant employer in its region. This size offers opportunities for structured processes, access to resources, and potential for diverse career paths, while also demanding strong organizational skills and the ability to navigate larger corporate structures.

Founded: IWC Schaffhausen was founded in 1868 by American watchmaker Florentine Ariosto Jones. This long history underscores a deep-rooted tradition of excellence and innovation in watchmaking, which influences the company's culture and strategic direction.

Team Structure: The Product Strategy Department acts as a critical interface between Product Development, Sales, and Marketing. This suggests a highly collaborative team structure where cross-functional communication and alignment are paramount. The intern will likely report to a Product Manager or a Senior Product Strategist and work closely with various stakeholders across different departments.

Methodology: The department's work involves strategic planning, market analysis, and data-driven decision-making. This indicates a methodology that relies on rigorous research, quantitative analysis of sales data, and qualitative assessment of market trends and competitor activities. Presentations and clear communication of insights are key to influencing strategy.

Company Website: https://www.richemont.com/ and https://www.iwc.com/

📝 Enhancement Note: Understanding Richemont's position as a luxury conglomerate and IWC's heritage is crucial. The intern will be immersed in a culture that prioritizes quality, precision, and long-term vision, mirroring the characteristics of high-end watchmaking. The "interface" role highlights the importance of operational alignment across departments.

📈 Career & Growth Analysis

Operations Career Level: This is an entry-level internship position, designed for individuals at the beginning of their careers, typically pursuing a Bachelor's or Master's degree. It offers foundational experience in product strategy and operations within the luxury industry.

Reporting Structure: The intern will report directly to a member of the Product Strategy Department, likely a Product Manager or a Senior Product Strategist. This direct reporting line ensures focused mentorship and clear guidance on assigned tasks and projects. The role will involve collaboration with various teams, including Product Development, Sales, and Marketing.

Operations Impact: While an intern's direct impact is often supportive, their contributions to data analysis, competitor benchmarking, and presentation preparation are vital for informing strategic decisions within the Product Strategy department. These insights can influence product roadmaps, marketing campaigns, and sales strategies, ultimately contributing to the commercial success of IWC collections.

Growth Opportunities:

• Skill Development: Gain hands-on experience in market analysis, product performance evaluation, strategic planning, and cross-functional collaboration within the luxury watch sector.

• Industry Exposure: Develop a deep understanding of the luxury watch industry, including market dynamics, consumer behavior, and competitive landscapes.

• Networking: Build professional relationships with experienced individuals in product strategy, marketing, sales, and product development.

• Potential for Future Roles: Successful interns may be considered for future full-time opportunities within IWC or the broader Richemont group, particularly in roles related to product management, marketing, or operations.

📝 Enhancement Note: For an internship, "growth" is primarily defined by learning and exposure. The role provides a strong foundation in strategic analysis and operations support, offering a pathway into specialized roles within the luxury goods sector. The emphasis is on acquiring practical skills and industry knowledge.

🌐 Work Environment

Office Type: The role is based on-site at the IWC Schaffhausen manufacture. This implies a professional office environment within a manufacturing facility that combines modern workspaces with the heritage of watchmaking. The work environment is likely to be structured, professional, and focused on precision and quality.

Office Location(s): The primary work location is Manufacture IWC, Schaffhausen, Switzerland (Baumgartenstrasse 11-15-19). Schaffhausen is a picturesque city in northern Switzerland known for its industrial heritage and scenic beauty. The office is described as being "adjacent to the river Rhine," suggesting a pleasant and potentially collaborative setting.

Workspace Context:

• Collaborative Environment: The role requires close collaboration with the Product Strategy team and other departments (Product Development, Sales, Marketing), indicating a dynamic and interactive workspace.

• Tools and Technology: Access to standard office technology, including high-performance computers, MS Office suite, and internal product databases. The environment supports data analysis and presentation creation.

• Team Interaction: Opportunities for regular interaction with colleagues, including team meetings, project discussions, and potentially informal social activities facilitated by the company.

Work Schedule: The position is for 100% (full-time), typically aligning with standard business hours (e.g., 8:00 AM to 5:00 PM, Monday to Friday), totaling approximately 40 hours per week. While structured, there might be some flexibility required around specific project deadlines or events like watch fairs.

📝 Enhancement Note: Being on-site is crucial for this internship, allowing direct immersion in the IWC manufacturing and corporate environment. The Rhine-side location suggests a company that values its surroundings and employee well-being, fostering a professional yet engaging atmosphere.

📄 Application & Portfolio Review Process

Interview Process:

• Initial Screening: Review of CV and cover letter to assess academic background, relevant experience, and enthusiasm for the watch industry.

• First Interview: Likely a behavioral and skills-based interview focusing on analytical capabilities, problem-solving approach, MS Office proficiency, and motivation for the internship. This may be conducted by an HR representative and/or the hiring manager.

• Case Study/Presentation: Candidates may be asked to complete a short case study or prepare a presentation on a given topic (e.g., a competitor analysis, a product performance review) to assess their analytical and presentation skills.

• Final Interview: This may involve meeting with more senior members of the Product Strategy team or department heads to discuss strategic thinking, cultural fit, and long-term potential.

Portfolio Review Tips:

• Highlight Analytical Projects: If you have academic projects, previous internships, or personal projects involving data analysis, market research, or strategic planning, be prepared to discuss them.

• Showcase Presentation Skills: Prepare examples of presentations you have created, focusing on clarity, structure, and visual appeal, especially those using PowerPoint.

• Demonstrate Excel Proficiency: Be ready to discuss how you've used Excel for data manipulation, analysis, and reporting.

• Articulate Enthusiasm: Clearly express your passion for the luxury watch industry and IWC Schaffhausen.

Challenge Preparation:

• Market/Competitor Analysis: Be prepared for a task that requires you to analyze a specific watch brand or collection, identify its strengths and weaknesses, and suggest strategic improvements.

• Data Interpretation: Practice analyzing sample sales data to identify trends, key drivers, and potential opportunities or threats.

• Strategic Thinking: Think about how you would approach developing a product strategy for a new watch collection or entering a new market segment.

📝 Enhancement Note: The interview process for an internship will focus on potential, aptitude, and foundational skills. The case study or presentation component is critical for demonstrating practical application of analytical and communication skills relevant to operations and strategy roles.

🛠 Tools & Technology Stack

Primary Tools:

• Microsoft Office Suite: Advanced proficiency required, particularly in Excel for data analysis, modeling, and reporting, and PowerPoint for creating impactful presentations and strategic briefings.

• Internal Product Database: Familiarity with or ability to quickly learn proprietary database systems for managing product information, references, and specifications.

Analytics & Reporting:

• Sales Data Analysis Tools: While specific tools aren't named, the role involves analyzing sales data, suggesting that familiarity with data visualization tools or business intelligence platforms (even at a basic level) could be beneficial. Candidates should be prepared to discuss their experience with Excel-based reporting.

CRM & Automation:

• CRM Systems: While not explicitly mentioned for this intern role, exposure to or understanding of how CRM systems (like Salesforce, which Richemont group companies might use) support sales and marketing data is a plus, as product performance analysis often draws from CRM data.

📝 Enhancement Note: The core technical requirement revolves around MS Office, especially Excel and PowerPoint, which are foundational for any operations or strategy support role. The emphasis on data analysis implies a need for candidates comfortable with quantitative tasks.

👥 Team Culture & Values

Operations Values:

• Craftsmanship & Precision: Reflecting IWC's core business, a strong emphasis on attention to detail, quality, and meticulous execution in all tasks.

• Innovation & Progress: A forward-thinking approach, embracing new ideas and technologies to drive the brand and its products forward.

• Collaboration & Teamwork: The "interface" nature of the department requires strong interpersonal skills and a willingness to work effectively with diverse teams.

• Data-Driven Decision Making: A commitment to using analytics and insights to inform strategic choices and measure success.

• Customer Centricity: Understanding and responding to the needs and desires of the luxury consumer.

Collaboration Style:

• Cross-Functional Integration: The role demands seamless collaboration with Product Development, Sales, and Marketing teams, requiring clear communication and alignment on product strategy.

• Proactive Communication: Encouraging open dialogue, sharing insights promptly, and seeking feedback to ensure strategies are well-received and implemented effectively.

• Knowledge Sharing: A culture that values sharing market intelligence, analytical findings, and best practices to collectively enhance product strategy.

📝 Enhancement Note: The values of a luxury brand like IWC are deeply tied to heritage, quality, and exclusivity, but also to modern innovation and customer engagement. The intern's success will depend on embodying these values in their work and interactions.

⚡ Challenges & Growth Opportunities

Challenges:

• Fast-Paced Environment: The luxury industry, especially during product launch cycles or major events like watch fairs, can be demanding and fast-paced.

• Data Complexity: Analyzing large datasets from sales and market research can be complex, requiring strong analytical skills and attention to detail.

• Cross-Functional Alignment: Balancing the needs and perspectives of different departments (Product Development, Sales, Marketing) to arrive at cohesive product strategies.

• Rapidly Evolving Market: Staying abreast of trends, competitor moves, and consumer preferences in the dynamic luxury watch market.

Learning & Development Opportunities:

• Strategic Analysis Skills: Deepen understanding of market research methodologies, competitor analysis frameworks, and product performance metrics.

• Product Management Fundamentals: Gain insight into the product lifecycle from conception to market, and the strategic planning involved.

• Luxury Industry Immersion: Develop a nuanced understanding of the luxury goods market, consumer psychology, and brand management within this sector.

• Professional Networking: Build a valuable network within a prestigious global organization.

📝 Enhancement Note: Internships are designed to present manageable challenges that foster learning. The key growth lies in acquiring practical experience and industry-specific knowledge that can shape future career aspirations in operations, strategy, or marketing.

💡 Interview Preparation

Strategy Questions:

• "How would you approach analyzing the success of a new watch collection launch?" (Focus on data sources, KPIs, and analytical methods).

• "Describe a time you had to analyze competitor activities. What was your process, and what were your key findings?" (Highlight analytical rigor and insights).

• "Imagine you need to present product performance data to the Sales team. How would you structure your presentation to be most effective?" (Focus on audience tailoring and clear communication).

• "What are the key factors that contribute to a successful product strategy in the luxury watch industry?" (Demonstrate industry awareness and strategic thinking). Company & Culture Questions:

• "Why are you interested in an internship with IWC Schaffhausen specifically?" (Showcase genuine passion and research).

• "What do you know about IWC's current product lines or recent innovations?" (Demonstrate engagement with the brand).

• "How do you handle working under pressure or with tight deadlines?" (Assess resilience and time management).

• "Describe your ideal team environment and how you contribute to it." (Assess collaboration skills and cultural fit). Portfolio Presentation Strategy:

• Select Relevant Examples: Choose academic or previous internship projects that best showcase your analytical, data interpretation, and presentation skills.

• Structure Your Narrative: For each example, clearly articulate the objective, your methodology, the insights derived, and the outcome or recommendation.

• Quantify Achievements: Whenever possible, use numbers and data to illustrate the impact of your work (e.g., "analyzed sales data for X products, identifying Y% increase in Z category").

• Focus on Process: Be ready to explain how you approached a task, not just what you did. This demonstrates your thought process and operational understanding.

📝 Enhancement Note: For an intern role, interview questions will probe for potential, analytical aptitude, and cultural alignment more than deep experience. Demonstrating a structured approach to problem-solving and a genuine interest in the brand and industry are key.

📌 Application Steps

To apply for this operations-focused internship position:

• Submit your application through the provided link on the Richemont Workday portal.

• Tailor your Resume: Highlight academic achievements, relevant coursework (e.g., marketing, economics, engineering), and any prior internship or project experience that demonstrates analytical skills, data handling, and presentation abilities. Use keywords from the job description such as "product strategy," "market analysis," "data analysis," "PowerPoint," and "Excel."

• Craft a Compelling Cover Letter: Express your genuine enthusiasm for IWC Schaffhausen and the luxury watch industry. Clearly articulate why you are a strong candidate for this specific internship, referencing your relevant skills and academic background.

• Prepare for Potential Case Study: Familiarize yourself with basic market analysis frameworks and how to interpret sales data. Practice creating concise presentations in PowerPoint.

• Research IWC and Richemont: Understand the company's history, brand positioning, key collections, and recent news. Be prepared to discuss what attracts you to their operations and strategy.

⚠️ Important Notice: This enhanced job description includes AI-generated insights and operations industry-standard assumptions. All details should be verified directly with the hiring organization before making application decisions.