Internship experience
I was very excited to go to delhi and work at the RITES bhawan. I never got a corporate exposure and my dream of exposing myself to corporate was going to be true. But destiny didn’t want my dream to come true and there was a national lockdown announce due to covid-19. All my excitement became null and void on knowing that I would not be working at RITES bhawan. Our internship got delay and when it started it was a virtual internship. I was given two project, the first project for me was to set a benchmark for modalities of operation for private trains in India by studying the modalities of other developed country globally. I studied the modalities of Argentina, brazil, Australia, New-Zealand, UK etc. I compare it with the Indian context and made a presentation as to what are the best practices adopted by some of the developed countries in world and how it can be fabricated for Indian context.
The second project was preparing a financial model for a big-ticket airport project and determine the share that can be given to airport authority of India per passenger after determining the pre decided project and equity IRR. For this project I studied AERA guidelines for determining the tariff that can be charged on aeronautical and non-aeronautical activities an also studied the cash flow statement of airport with similar capacities. The overall experience was enriching and will be a important curve in the journey of MBA as I got to learned about the contract management and financial management.
Learning from first year of MBA that aided in the internship.
Contract management and project finance are the core subject in first 2 semesters which were taught by the eminent personalities having vast experience in the industry. The knowledge from the contract management subject was useful in my first project as to how a clause can be designed that can facilitate both the parties and also follows the international standards. The project finance subject was a whole case study approach where we were made to prepare the financial model of the case with various varieties. Both this subject help me in delivering the objectives of my project with utmost accuracy.
Tip for the junior batch
To get hired for an internship in the company of your interest, it is very important that have a total grip on your interested subject and also have a thorough understanding of your subject domain. Always be curious to grasp knowledge, especially something that will inch you closer to your dream company. On D-Day show confidence to panellist answer them politely and in case you don’t get select for your dream company, don’t be sad, the personality so developed in a B-school will always be the biggest asset for you. All the best.
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