Art thou serious?

Internships

I'm not going to blog about the disappointment I experienced on not getting my exchange application of choice. That is more or less over - the disappointment and of course, the fact I didn't get it. I'm not really overwhelmed by it - underwhelmed might be a better choice of words.

Once again, I'm supposed to be doing some Econs work but instead have chosen to pursue to blog. Why? Because I don't enjoy reading about optimizing utilities based on budget contraints and whatnots. I wish people spoke English, not Econs. Economists from the Neoclassical age must have been very frustrated. This has to be true, because if you've read the Wealth of Nations, you will note that Adam Smith speaks in a really convoluted and roundabout way to basically say that "The butcher didn't sell the meat to you because he loves you, he's doing it for the money". And scarily enough, he was considered insightful. Economists. Wow.

So anyway, it's the big period of internships over at the university where I study. The big internship hunt. This year's palate of internships is looking increasingly sexy and I am quite annoyed by the fact one can only apply for two. Here's a sample of what one can do:

Bank A
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Loan Syndication
- To assist in preparation of client pitches
- To assist in analysing corporate balancesheets
- To assist in preparation of info memos, offering circulars etc
- To assist in financial modelling

Futures
- Do a project and write a report on the futures industry in an Asian country (e.g. Taiwan and India)
- Collect and analyze industry data
- Estimate market size and projection of market wallet size
- Identify leading market players and their success factors and business model
- Study the regulatory environment in the country with regards to the futures business.
- Credit documentation and credit control monitoring.
- Creation of an electronic database of client profile.
- Updating of settlement and operations procedures (e.g. Clearvision)

Derivatives Sales & Marketing
- Must have a high level of interest in learning about the financial markets
- Excellent quantitative and analytical skills
- Ability to synthesize information and multi-task in a fast-paced environment
- Strong written and verbal communication skills
- Understand how the different departments in the trading room function
- Learn about the basic underlying concepts behind derivatives - how derivatives work and how they can benefit clients
- Work with senior marketers who have expertise in different markets and products
- Assist the senior marketers in preparing termsheets and presentations
- Undertake a short-term project on any relevant and interesting subject

Loan Structured Product Finance
- Conduct background research on the telecoms, media and technology sectors
- Conduct research on identified corporates within in TMT sector
- Assist in the preparation of financial forecasts for clients
- Assist in preparation of client pitches
- Participate in internal team discussion; planning and marketing meetings

Asset Securitization
- Conduct background research on securitisation structures
- Conduct background research on legal/regulatory frameworks in specified Asian countries
- Assist in the preparation of financial models as part of the structuring of specific transactions
- Assist in preparation of client pitches
- Assist in setting up filing system and procedures
- Participate in internal team discussion; planning and marketing meetings

Corporate Finance
- Assist in developing structured debt presentations and business proposals for Bank A management around Asia
- Vet legal documents and assist in the execution of live transactions
- Liaise with tax specialists and lawyers around Asia to help build tax databases
- Attend internal and external meetings to assist in the development of tax optimization structures

Bank B
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The Investment Banking Summer Analyst is the primary analytical support for corporate and investment bankers in the origination of corporate and investment banking transactions, while assisting in the cultivation of customer relationships by conducting research, valuation, participating in strategic planning and supporting the execution of advisory services.

Summer Analysts participate in client meetings, due diligence visits and other client interactions during which they gain exposure to key executives and senior bankers.

The Bank B Asia Pacific Summer Analyst Program runs for 10-12 weeks. The Summer Analyst typically spends approximately 10 weeks in the South East Asia office with the remaining 2 weeks in the Hong Kong office. Full accommodation & allowance will be provided for the Hong Kong stint.

The Summer Analyst Program is a key recruiting tool for full-time positions.

Bank C
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Bank C is a leading investment bank across Asia Pacific, with offices in all major Asian cities. Professionals joining our Singapore office will be offered the chance to work in a rapidly-changing and multi-cultural environment. Hours are long, people are dedicated, challenges are constant, and the learning curve is very steep.

Interns will have the chance to work on live deals and will interact with bankers in different product areas and industries. They will assist senior bankers to coordinate various investment banking activities, including basic financial and statistical analysis, preliminary due diligence, business marketing, presentation materials preparation and many more.

Bank D
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Fixed Income Intern
- To deliver 3 research projects on:
1. The Top 10 Banks and Corporations in Philippines, Indonesia, Malaysia and Thailand
2. Financial Regulations in Philippines, Indonesia and Thailand to discover opportunities to sell non-local fixed income products
3. The Hedge Fund Industry in Singapore

On top of that, we've got opportunities with two FMCG giants and a number of other banks not listed here. I wish I wasn't limited in my options. Gah.

posted by Song @ 11:29 PM