The Intern Perspective

Today was the first day of my internship, and throughout this week I will be training with the rest of the local interns. On Day 1, we mostly talked about PwC’s culture, its career opportunities and had special ice-breakers around Time Square. From day one I can tell that PwC is a diverse and talented place to work in, as it was very common to find other interns who spoke more than one language.

Since no real work has yet happened, I will use this blog to talk about what is like to work in the City of New York. While you may have been in NYC before, your perspective truly changes as an intern. If before Time Square was the first place you wanted to see as a tourist, it becomes the last place you want to walk by when  trying to make it in time to work. Central Park becomes more than a cool spot to take pictures, but your running track where you get your daily work out. And my favorite change as of now; remember the serious people in suits that marched between skyscrapers? Well, some of them are your colleagues now and you get the chance to become friends with them during breaks. There are always things to do here, and the best part, a lot of it is free! From street concerts from major artists to late night shows, even  museums hold special days where admissions are free.  Having said that, budgeting is a serious matter. If you didn’t have the opportunity to learn how to budget as a college student, the learning curve will be steep. However, one thing is clear, NY does deserves the big red heart that comes in the shirts.

 

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Welcome to Cleveland

Hey everyone! I wanted to take the opportunity in my first post to tell you who I am, what I will be doing this summer and why I chose to pursue an internship with KeyBank. My name is John Browne and I will begin my third year at Ohio State this fall. I am studying finance and have pursued many courses within Fisher that explore the real estate industry. Within Fisher I am a brother of Alpha Kappa Psi and I am a Vice President within Buckeye Capital Investors. Since coming to OSU, I have been particularly interested in a career in investment banking. Prior to my internship with Key, I interned with Ohio State in the Accounting department my freshman year and with Diamond Hill Capital Management as a Product and Sales Support intern during my sophomore year. Both of these positions, along with my academics and extracurriculars, have prepared me well for an internship this summer with Key.

When searching for an internship for this summer within investment banking, I targeted firms that had a strong arm in the real estate sector. The primary driver for my interest in real estate is that it combines many of the same metrics used to value stocks and bonds, but puts a tangible asset to that analysis. Key provided me with an opportunity to work in real estate banking at one of the top middle market real estate banks in the country.

At Key, I am working in the Real Estate Capital division in the Institutional Real Estate group. This group primarily deals with fielding, underwriting and financing deals with Real Estate Investment Trusts (REITs) and other large scale commercial real estate projects. I have been placed on two very different deals since I began my internship that have provided me with the chance to work with other analysts as well as senior level bankers. At times it has definitely felt like drinking water from a fire hose, but I am very open to the challenges of the industry and my superiors have been extremely helpful with steering me in the right direction and answering the many questions that I have. The hours can be a bit strenuous, but I find that the days fly by and I thoroughly enjoy being pushed to help my team and the firm on these various projects.

While in Cleveland, I am living at an apartment at Cleveland State University that is a 20 minute walk or 5 minute bus ride from downtown. I have had the opportunity to attend a few Indians games, Cavs watch parties, eat at some of the many restaurants and play a little golf on the weekends. I could definitely see myself living here after I graduate and enjoying life in downtown Cleveland as a young professional. I look forward to keeping you all updated on my 10 week journey in Cleveland with Key!

JB

Intern Education

DSW is amazing in that they make sure that a finance intern doesn’t only see finance or a marketing intern doesn’t only get exposure to marketing. About once a week there is an hour-long meeting with a different department within the corporation.

Last week I was able to sit in on an ABG meeting. ABG stands for Affiliated Business Group, which is the department where DSW develops partnerships between businesses. For example, DSW partners with Steinmart and Gordmans to provide access to hundreds of brands of shoes. DSW has a deep understanding of the product, what the customers want and how to get it there; therefore ABG creates low risk, high reward solutions.

This week the interns took a trip to the Polaris DSW store (there are 3 in the Columbus area including Polaris, Easton and Dublin-Sawmill) where we walked through the store before it opened with the MOD (manager on duty). Although I have worked in a DSW store, most the interns had not, so it was a great opportunity to see where the action really happens. I’ve quickly realized the more connected the head quarters is to their stores, the better the company does as whole.

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The Polaris DSW location where my intern group took a tour of the behind the scenes action!

At OSU I am majoring in marketing with a minor in communications, although who knows where I will end up in 10, 20 or 30 years? That’s why I love this aspect of my internship. I’ve heard other students mention that they just make copies or get coffee, but I’m always either working on something in my department or getting exposure to other aspects of the company. I am looking forward to learning about HR, Merchandising, Store Operations, getting a tour of the DC (distribution center) and more.

Fun Fact:

DSW is moving internationally! They now operate in Puerto Rico and have a partnership with Town Shoes of Canada. Hopefully more to come!

Tip of the day:

When interviewing with a company most people remember to ask what they will be doing for the company but don’t forget to ask how the company will help you grow.

Embarrassing moment:

Want something even more embarrassing? I was walking from one end of the building to the other when I dropped (and broke) my new water bottle. Not that embarrassing you say? …I was right outside the CEO’s office and water was EVERYWHERE. Luckily an employee stopped and offered to warn people of the lake I had created while I ran and got paper towels.

Lesson? Clutch your water bottle like your life depends on it.

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See that caution sign? Yep…that was because of me. Oops!

My First Week at Boenning and Scattergood

On the way to the first day of my internship with Boenning and Scattergood, I thought a lot about how the next 10 weeks would help me develop professionally, learn more about finance, and most importantly if I would enjoy my experience. I arrived at the office building 15 mins early, and headed upstairs to the small suite where I would be spending over 400 hours of my summer only to realize that I was locked out. Anxious to not appear late on my first day, I tapped on the glass door a few times and eventually caught the attention of one of the analysts.

The first day was filled with a tour of the office, getting acclimated to where I would be working, and getting to know my new co-workers. After lunch, I was able to help another analyst revise a proposal to a client and make stylistic changes to a power point template. Although the work that I was doing on the first day wasn’t incredibly intriguing, I was able to learn more about the role of an investment banking analyst and was happy that there was real work that I could do. We began wrapping up around 7pm and I arrived home exhausted, but very relieved that my first day went well.

The rest of the week I worked on client presentations, learned how to navigate the financial database, helped work on a model, and continued to modify power point templates. Each day I learned more about finance and accounting, about the specific challenges that come with working with small companies, and realized the infinite amount of information and ongoing learning that investment banking entails. It was a fairly calm week, with four of the senior bankers out of town until Thursday, leaving myself, an analyst, and an associate in the office. Although we were about to leave around 6pm each day, everyone assured me that it was an unusually calm week, and that I could expect longer hours to come.

Although I will definitely need to long weekend to recover, I am looking forward to the remaining nine weeks and am assured that this summer will be, at the very least, a tremendous learning experience.

My First Day – DSW

Everyone! My name is Courtney Russell and I am going into my junior year at Ohio State. I am in my second week interning at DSW and can’t wait to tell you all about it. Just a little background on the company, Designer Shoe Warehouse started in 1991 and has their headquarters right here in Columbus, Ohio. DSW operates in close to 500 stores as well as dsw.com.

I will be interning for twelve weeks as the Marketing/PR Intern. Since I’m in public relations I will be working with editors of magazines like Cosmo and Marie Claire and working directly with the great brands DSW carries such as Sketchers, Teva and Converse. I will be communicating with many bloggers including Amber Fillerup Clark and helping with event planning like the Sketchers event this past week. Here is a run down on my first day of work!

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My First Day:

  • Picture time!
    • I walked in on the first day and took my picture for my badge right away. Feeling super official, I walked over to a circle of the other interns. Everyone was awkwardly trying to make small talk and you could tell that everyone was extremely nervous.
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The sign at the home office entrance during our first week!

  • Orientation
    • All 29 interns had orientation together in the home office. A few people from HR gave us the run down about everything from how to call Tech Support for help to a tour of the fitness center and cafeteria.
  • First day of school
    • Feeling more comfortable and getting antsy to start, our names were called when our supervising managers came to pick us up. Feeling like I was in first grade at the bus stop waving goodbye to my mom, I said goodbye to my fellow interns and met my boss.
The wonderful stack of magazines that greeted me on my first day! (Check out June's Redbook, Marie Claire and Cosmo to see some amazing DSW shoes!)

The wonderful stack of magazines that greeted me on my first day! (Check out June’s Redbook, Marie Claire and Cosmo to see some amazing DSW shoes!)

Looking back almost two weeks later, I am so happy and thankful for this opportunity. I’ve already learned so much and gotten to do things that make me feel like Andy from The Devil Wears Prada. I can’t wait for what I am going to experience in the next ten weeks! Stay tuned to learn more about what I’m doing and learning!