|Students Make Valuable Connections through Summer Internships|
|A summer internship that utilized her classroom knowledge in a swap differences project led to a job offer from Morgan Stanley for Gabriela Gonzalez.|
A summer internship that utilized her classroom knowledge in a swap differences project led to a job offer from Morgan Stanley for Gabriela Gonzalez ’11.
“The best lesson learned was that applying my philosophy of treating each day like a new day throughout the internship and always asking questions are key for making your internship a very powerful experience in your career, and can lead you to receiving an offer from the firm,” said Gonzalez. A double major in accounting and business administration with a finance concentration, she worked in New York City last summer.
Sean Fabiano’s summer internship continues through his senior year at the Tompkins County Chamber of Commerce. He’s organized events like a trade show in June, the annual golf tournament in August, and an auction in October.
“This internship taught me some important things about management and communication,’’ said Fabiano ’11, a double major in business administration management and marketing. “It takes the efforts of a lot of people to make an event happen. I learned how to properly communicate with business professionals and to efficiently organize tasks in order to get results in time.”
Education continues year-round at the School of Business. Summer internships allow students to apply classroom learning in real-world situations, develop skills vital to their future careers, and add accomplishments to their resumes.
“The connections – and even the experience of making the connections – have been the best part of this internship,” said Fabiano. “Almost every week I have an opportunity to network with professionals and showcase myself. Some of these people are just as eager to find a potential employee as I am to find a potential employer.”
The successful intern will quickly learn to communicate effectively with business professionals, agrees Iuliana Dudi ’11, a major in finance and international business, and economics, who served a finance internship at Merrill Lynch & Co. in New York City.
“The most memorable day was the day I presented my investment proposals for addition to the discretionary portfolios,” said Dudi. “It was a summer’s work, and the success of the project was very important to me. After a day, I found out that two out of four investment proposals were added to the portfolios.”
Dudi’s assignments included performing equity security valuation and client portfolio analysis to improve diversification and asset allocation strategies. She conducted forecasts of clients’ wealth outlook, updated their account holdings, and prepared documentation needed for client meetings on portfolio performance and mutual fund performance updates.
As an intern, she interacted with clients and professionals – including John Olson ’76, in whose office she worked – and refined her analysis skills, particularly in equity security valuation and portfolio management techniques.
“The best lesson this internship taught me is it is essential to know how to work smart and communicate efficiently,” she said. “I consider that organized working habits and the ability to communicate well are essential to professional success.”
Gonzalez worked as an intern for financial control group-debt controllers and participated in the Sponsors for Educational Opportunity Career Prep Program as one of 12 students selected internationally for the accounting/finance program. Her best experience was completing an internal swap market value analysis and swap differences project between the treasury and business units, a project used for the second quarter balance sheet. She relied on the swaps knowledge she’d gained in a Financial Accounting Theory and Reporting class.
“It was exciting to actually make a contribution to my team with a project where my school and work knowledge overlap. It was a great feeling since it was challenging as well,” said Gonzalez.
Internships provide multiple opportunities for willing students.
JingRu Wang ’11 interned with the United Nations Association-National Capital Area (UNA-NCA) in Washington, D.C., as the finance and development program assistant, rotating from organizing events to evaluating financial projects to performing accounting procedures. She’s an accounting and business administration double major with a finance concentration and a math minor. She assisted the executive director with the UNA-NCA Embassy Program, drafting business letters and representing the UNA-NCA in collaboration efforts with representatives from various embassies.
Lincoln Financial and WWWEnterprise Inc., both Rochester-area firms, provided internships for Caitlyn Reinecker ’11, a business administration management major with a marketing concentration.
Her responsibilities at Lincoln Financial included market research for advertising and developing a name, logo, and other marketing material for a new elder care financial plan her boss, Andrew Comins ’74, was starting. At WWWEnterprise, an Internet skin care specialist, she established relationships with five beauty manufacturers to attract their business and concentrated on strategic research and implementation of web marketing and web advertising.
At each company, she admits, she lacked some necessary skills when she began. She realized how importance self-reliance is. She learned how to develop logos and promotional material at Lincoln Financial.
“I had the determination to teach myself through my frustration and now am very proud of the end result and what I have accomplished,” said Reinecker. “I really enjoyed the challenges I experienced and that I was able to work through them. It showed me I can teach myself anything and accomplish the end result I envisioned.”
During her interview for WWWEnterprise, she was concerned about her lack of familiarity with topics like search engine optimization and Google Adwords. However, impressed by her candor and determination, owner Terry Clark hired her, let her shadow him, and gave her more complex assignments as her knowledge increased.
Her internships taught Reinecker how to develop self-confidence by being willing to learn and refusing to be deterred. She offers three pieces of advice:
• “You can teach yourself how to do anything; you can seek out the information you need from a multitude of sources.
• “Never settle for something you are not proud of and always push yourself to achieve what you think is quality work, because that work is reflected back onto you.
• “Spend time trying to figure out something you do not understand. You will be able to achieve so much more out of life if you learn even the littlest bit from the unknown.’’