Wednesday, July 13, 2011

Internship ++

It's been a while, and it's been busier...

True, I've learnt a lot about the industry and how things are done. I'm also more comfortable with the people around me, who I work with, and also my daily tasks - therefore I finish my work faster. However, work never ends.

There are 13 interns within Market Risk Management and Analysis, some are PhD students (modelers), some are undergraduates (analyst) , and some are MBAs (corporate). The intern manager in my department gave us a new intern group project to use our skills cohesively to analyze crises. Yeah, that's vague.

My team tries to work on the different matrices and indices to look at the risk factors and correlations between crises. We're not set yet, but we have a solid game plan. I think this topic is very challenging. The fact that it's open ended made it more difficult, and with only 3 weeks to go, we're concerned that we will not have time to finish this. Most interns sacrifice their weekends to finish their current daily project already, with this additional project, we will have to prioritize on which one is the most important one.

Additionally, our buddy gave us this tip: the first half of the internship is about task quality, the second half is about networking. We're required to meet with different people from different departments to learn more about them, at the same time learn more about our department. That is time-consuming. There is so much to do in so little time.

While most people are enjoying the sun in NY City, I guess the Market Risk interns will have to enjoy the ultra-violet ray from our Bloomberg Screen.


Cheers!

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