Saakshi Malpani, YES Bank
Prep: My approach was first to start reading about project deliverables, not just in YES Bank's context but from a mindset of how a full-time banker would understand what needs to be done. Industry analysis via various research reports/ insights, RBI website for the current financial position of banks, analysts call transcripts of different private and global banks, is an excellent source of understanding Indian and Global trends in the banking space. Given the background of my project, I even read about trade relations with certain countries, which helped me identify key business sectors and construct a geography-specific CRM. It helped me understand my project deliverables better and benchmark industry best practices to suggest feasible solutions.
Project: The main objective of my project entailed "Devising Go-To-Market Strategy for geography-specific markets and identifying ways to leverage the Multinational Corporate Banking Unit's expertise." I did not have a live project; instead, I worked with the team's day-to-day operations. The perks of having this exposure (often underrated) encompass that you learn a lot about your potential job role in that industry irrespective of the organization, Banking Relationship Manager in my case.
Takeaways: As a CFA Level 2 Candidate, the knowledge helped me figure out the relevant ratios and metrics used to assess the banks, and I even attempted making one valuation model. I extensively used my Strategy lessons taught in IIM Shillong, which helped me in competitor profiling, analyzing and identifying opportunities for YES Bank product suite via Ansoff matrix, balanced scorecard approach, etc. My first-hand experience has taught me to push myself to do beyond what is asked, experiment, and, most importantly, incorporate feedbacks (even the indirect ones) throughout the process. Communication, networking, and rapport building are imperative for professional growth.
Aditya Agarwal, AB InBev
Prep: Before the internship officially began, we used to have regular sessions named “Beer Talks” where we interacted with global leaders from different towers within AB InBev which helped us gain valuable insights about the global beer business.
Project: The 8 weeks after were full of surprising challenges as we faced hurdle after hurdle right up to the night before our final project delivery and presentation. My highlight was working with the Finance Operations team on a project where I got an opportunity to standardize, automate and transform the existing business practices and set up a robust process to add more value to these practices and help senior management to take key financial decisions and manage risk efficiently.
Takeaways: The experience of working with a company like AB InBev is not confined to just a great workplace, but the ingrained culture where we are expected to apply the core principles of the company in every assignment that we pursue. The opportunities I have been given to develop and grow have truly benefited me, personally and professionally.
Arushi Mathran, Aditya Birla Capital
Prep: Being a Chartered Accountant, I was looking forward to working in the finance sector and I got this opportunity with Aditya Birla Capital. My project required me to acquaint myself with the regulations governing the sector, to enable me to carry out a regulatory as well as a sectoral review.
Project: I was working with the investments team and my work primarily involved analyzing and preparing a comparative study of the NBFC Sector to aid the team in making investment decisions. My work escalated to the independent NBFCs which were further classified and sub-classified on various parameters. Fundamental and quantitative analysis was also done to gauge the independent as well as comparative performance and growth.
Takeaways: Despite it being an online internship, the company ensured smooth induction for all the interns and lived up to the F.A.I.R values which form the core of the company. The working environment and culture were inclusive and interactive. A lot of fun activities were also planned during our tenure which lightened up the air but, at the same time ensured none of us lost focus from our assigned tasks. Suggestions were always welcomed and their outlook was focused on the holistic development of all.
Bhavesh Dhameja, Nomura
Prep: Before my internship began, I interacted with the campus buddies allotted and tried to understand their expectations and prepare myself well in advance. Post our induction, we underwent a comprehensive training program helping us learn financial modeling, valuation techniques, and tools for preparing pitch books. Despite being virtual training, we interacted immensely with other interns and analysts by competing and working together for group assignments, which put our learnings to the test. Daily, we analyzed a news article which could be an M&A deal, company performance, macro-economic news, etc. to be abreast with the latest developments in the world of finance.
Project: While shadowing and working with the analysts, I worked on live deals which gave me first-hand experience of IB, something I was eagerly looking forward to. I also worked with the Indian coverage team to analyze the M&A deals in the pharma industry to gather insights on potential deals. I had to step out of my comfort zone to identify potential targets in the life sciences space, as I had no idea of how the industry operates.
Takeaways: Presenting a sell-side pitch for an Indian Oil Marketing company on the last day of my internship was one of the best experiences. It added immensely to my knowledge base as I performed Industry and Company analysis, provided Strategic exit alternatives, and addressed key investor concerns. Despite being a high-pressure job, the open culture and the people at Nomura made my internship memorable. All analysts were so approachable that we could clear any doubts even at 10 PM and chat about the latest OTT series. Recognition worked seamlessly at Nomura as any positive contribution was immediately appreciated. My two key learnings – what differentiates you is your network you build and have a ‘Never say No’ attitude to any task, infect go ahead and grab all the opportunities.
- IIM Shillong Summer Internship Diaries 2021 | General Management
- IIM Shillong Summer Internship Diaries 2021 | Finance- Part 2
- IIM Shillong Summer Internship Diaries 2021 | Sales & Marketing- Part 1
- IIM Shillong Summer Internship Diaries 2021 | Sales & Marketing- Part 2
- IIM Shillong Summer Internship Diaries 2021 | Consulting & Strategy
InsideIIM presents the 8th Season of Summer Saga where you can share your bizarre, enriching, a-little-difficult-yet-fun experiences with everyone and win prizes for the same. We have changed the rules in the eighth season. You don't need to wait for your internship to end in order to share your experience. Instead, it will be a digital diary, where you will be able to document your learnings and experiences, during your stint.
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. You will receive Digital Diaries from us on the following dates:
-Digital Diary 1 - 02.05.2021
-Digital Diary 2 - 09.05.2021
-Digital Diary 3 - 23.05.2021
-Digital Diary 4 - 06.06.2021
-Digital Diary 5 - 20.06.2021
- After 20th June, we will collate your entries as a single article and share the same with the same.
- 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.
PRIZES TO WIN
This competition is broadly divided into four categories. Refer to the table below to know more about prizes in each category.
Banking and Finance
Sales, Marketing and General Management
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!
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.