In this article, Smit Singhvi , a student of NMIMS Mumbai who interned at EarlySalary talks about his summer internship experience. Find out about how he prepared for the summer placements, his onboarding process, his experiences & what his learnings are during this internship.
Are You The Best Summer Intern Of The Class Of 2022? Share Your Own Internship Experience.
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Hi, Tell us about how you got selected for this internship? Take us through the moment you realized you had got the internship.
I got the opportunity to work with EarlySalary from my campus placement cell. The selection process consists of 3 rounds of tests and interviews including
an aptitude test, technical interview, and HR interview.
On joining the company as an intern, how has your onboarding experience been like?
The onboarding process was very smooth and hassle-free. The HR and my Department head made sure that all the interns feel comfortable while onboarding as it was all online due to the pandemic and work-from-home.
How has your interaction with the team members and colleagues been like? How will you make sure to leave the best impression on your supervisors by the end of the internship?
The HR head and Department head were among the ones who took us through the company working in the first meet. Later on, each intern was provided with one mentor. My mentor has vast experience in the risk department, the department in which I am interning. He is a CA and financial risk expert. I feel fortunate enough to work with him as he makes me learn new things every day and at the same time challenges enough to take on interesting aspects of risk Analytics.
Tell us in brief, about the project you are currently working on and how is this project going to help the company?
EarlySalary is into the fintech industry and provides short-term loans. My internship project is all about reducing and balancing the risk of additional approvals. The title of my project is Rejection Inferencing. EarlySalary receives 100 requests for loans and accepts 60 of those requests on any given day and rejects the remaining 40. My job is to analyze those 40 rejections and based on the statistical and logical analysis, suggests the company, taking the additional risk to increase the net positive revenue.
Are You The Best Summer Intern Of The Class Of 2022? Share Your Own Internship Experience.
Give us an overview of how you prepared for your summer placement season.
From the beginning, I was sure on building my career in Finance. To make sure that I am well aware of the market and the domain I regularly use to study on the internet, in newspapers, in journals, research papers, and the curriculum books. As all the wise say, learn learn learn and then aim to earn. For preparing for the summer placements I also undertook a project which helped me to apply the theoretical learnings in reality.
Based on your internship experience till now, what are some necessary skill sets one must be prepared with before starting an internship?
According to me soft skills like presentation skills, documenting skills, and organizing skills are key to your internship. Every day some or the other senior or manager teaches me new things and concepts but if I don't document those learnings in an organized way then it is of no use. Presentation skills are necessary because if we are not able to summarise our work in a presentable format that is easy to understand at a glance, then it is hardly of any use.
What are some new skills that you have developed while working in the company?
I have learned a new software called knime. This software helps me in data analysis and building logic workflows. I have also learned the art of reading customers from a financial point of view
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TIMELINE, PROCESS AND RULES
- You don't need to register on InsideIIM.com or on the Kampus App to take part in Summer Saga Season 8. Simply share your experiences in the Digital Diary. To maintain standardisation, every Digital Diary will have a few questions that you'll need to answer.
- Access all the Digital Diaries forms from here: Digital Diary 1 | Digital Diary 2 | Digital Diary 3 | Digital Diary 4 | Digital Diary 5
- Your overall submission will be evaluated on the following parameters:
-Completeness: This depends on the number of Digital Diaries you have filled.
-Value Addition: This depends on how in-depth your answers have been. The score for this parameter will be given by our Judges.
-Reach: This depends on how many unique people have read your internship experience once we publish the article. We maintain fair play, we will publish all the articles on the same day, so that you can also share the same in your network.
- There is also a title called, ‘Campus With The Most Interesting Interns’ that will be awarded to (a) the campus that submits the maximum number of entries and (b) the campus that submits the best quality entries (based on the score given by our judges). The minimum entries from campus to be considered for this title is 10. So, if you want your campus to win the title then make sure your classmates and other students from your b school share their experiences in this year's Summer Saga Competition.
This competition is broadly divided into four categories. Refer to the table below to know more about prizes in each category.
Prize Money
|
Category
|
|
Banking and Finance
|
Sales, Marketing and General Management
|
Operations
|
HR, Consulting and Others
|
| 1st Prize |
₹ 10,000 |
₹ 10,000 |
₹ 10,000 |
₹ 10,000 |
| Runner Up |
₹ 5,000 |
₹ 5,000 |
₹ 5,000 |
₹ 5,000 |
The 1st Prize winner will also get a one-hour 1-on-1 career guidance session with an industry stalwart, from our panel of mentors in Kounsel.
ABOUT THE JUDGES
Every year, we have Campus Managers from some of the top companies (such as Reliance, HSBC, Flipkart, ABG, HUL, TAS, etc) judging the annual Summer Saga competition. We will release the details of the judges of Summer Saga Season 8 soon!
Check out the previous year's
winners!
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Maybe this will help you reflect and recall these two months as well (which can come in handy when appearing for interviews in the future). InsideIIM is the perfect platform to chronicle your experiences, your highs, your lows and everything in between.
So guys, what are you waiting for? Start writing! You have a voice. You have the experience. Make the best of it!