Issue 2, 2008
Business and Economics
Internships kick-start careers
Hemang Mehta, a recent Macquarie University
graduate, recently started working for one of the
world’s leading international financial organisations,
Deutsche Bank. Deutsche Bank is one of many
employers who hold on-campus career presentations
to recruit Macquarie students who are close to
graduation.
Mehta undertook a summer internship with Deutsche Bank which led to his current position with the institution, as an analyst on the mergers and acquisitions team in global banking.
Why did you decide to study finance?
As far back as I can remember, I loved mathematics and had a passion for financial markets. Macquarie offered the best combination of the two. I completed a double degree, a Bachelor of Commerce – Actuarial Studies combined with a Bachelor of Applied Finance.
How did you gain a graduate position at Deutsche Bank?
In 2007 I was invited to a cocktail evening by Deutsche Bank. This was followed up with an application and online test. After three rounds of interviews, a case study and personality questionnaire I was invited for a summer internship in Deutsche Bank’s Sydney Global Banking division. At the end of my internship I was offered a graduate position. Graduate analysts are recruited across all areas including Corporate Finance, IT, HR or Trading.
What is your role at Deutsche Bank?
The Mergers and Acquisitions team advise businesses on a range of transactions including mergers, takeovers, divestments, minority takeouts, and a range of other high-level strategic decisions. We also often advise business equities, debt and hybrids capital raisings.
As first-year analysts, we receive training in our choice of London or New York for six weeks, where we will be formally introduced to the firm, our line of business and various other theoretical and practical aspects of corporate finance. I can’t wait to fly over this month to meet other first-years from around the world ... and to take a bite of the Big Apple.
Do you have any advice for budding corporate financiers?
Building a network is crucial to understanding the world of corporate finance, and it can begin very early with extra-curricular activities at university or even high school. Enjoy what you do, be confident in your abilities and it’s surprising how successful you can be.