Chris Mueller-Wolf ’14
Major(s): Economics, INBM
Internship Site: Berenberg Bank - Hamburg, Germany
I received notice of the internship opportunity online in their job postings. After applying, I was asked to interview the next day because I had worked for the bank over the previous summer in Zurich, Switzerland. I had one interview session lasting several hours where I was asked various technical and more general questions regarding motivation and “fit.” I received an offer the following week.
I worked on several large projects, including buy- and sell-side mandates ranging in value from 100 million Euros to 1.5 billion Euros. Within those projects, I was assigned to prepare briefings for the supervisory or management boards, as well as to conduct company valuation through various metrics/approaches
This experience was challenging in two specific ways. On the one hand, it was particularly challenging in terms of the working hours, as working long hours until the early morning and also on weekends is common in this industry. The other challenge was to uphold at all times the required diligence and perfection in this fast-paced industry, where one is always short of time while presentations, briefings, and company valuations need to be flawlessly executed. That need for perfection in combination with constantly little or no sleep really pushes one to the limit. However, I learned to deal with those circumstances, and hope to have become better at coping with it.
Some Excel-based classes, including Corporate Finance, Accounting, and Managerial Economics prepared me to some extent in terms of content and handling the most frequently used software, Microsoft Excel. Additionally, Dickinson in general prepared me, as one needs to be willing to understand essentially every business model in any industry, for which being curious, open, and being intellectually well-rounded is an absolute necessity.
My internship prepared me to further understand the processes in Investment Banking / M&A, while also gaining significant hands-on experience, especially since I was allowed to do the same tasks as entry-level full time employees. More specifically, I learned that although I am still open to work on any sector team, I have a particular interest in working on a healthcare team, as I not only am most experienced in that field, but also believe it to be the most exciting sector in the years to come.
Tips from Chris:
Be specific in what you want to learn more about, and do upfront research to get a feel for it and come across as well-informed when talking to others. Reach out to Dickinson Alumni as much as you can. Not only are they able to help you securing internships, they are also capable of teaching you more about a particular industry and the work you likely will be doing. Lastly, know how recruiting is conducted in your industry and rather be a step earlier than a step too late in the game.
*To find out more about how to get an internship, make an appointment with a career counselor. Just call the Career Center at 717-245-1740 or stop by Biddle House.