Whitman Voices

Introduction

Internship Experience: Jessica Fraser, Global Investment Banking Summer Analyst at Bank of America

Internship Experience: Jessica Fraser, Global Investment Banking Summer Analyst at Bank of America

In this “Internship Experience” blog post series, we will be featuring the profile and thoughts of our students from Syracuse University’s Martin J. Whitman School of Management as they return from summer internships.

Name:
Jessica Fraser
Graduation Year: May 2020
Major(s): Finance / Real Estate / Economics
Hometown: Rockland County, New York
Intern Company/Title: Bank of America Merrill Lynch – Global Investment Banking Summer Analystwhitman

Describe your position and some of your daily tasks?
As a global investment banking summer analyst in the Natural Resources group, I worked on deals with companies in the utilities, renewables, and energy efficiency industries. I was staffed on sell-side deals and pitches, and was able to attend meetings for the Sunnova IPO. Some other activities included developing and maintaining models, as well as conducting comprehensive and in-depth company and industry research.

How did you land your internship?
The Whitman Career Center was very instrumental in helping me land this internship. I worked with Michael LaMarche extensively before and after receiving an invitation to interview with the company. Jeffrey Schor, director in equity derivative sales at Bank of America Merrill Lynch and Syracuse University alumnus, also helped me to prepare for the internship and successfully receive an offer.

What did you learn from your internship experience?
I learned how to create new types of financial models and how to work more efficiently with Microsoft Excel. I also learned that since a large amount of your time is spent in the office, the most important aspect of your job is the people you work with. I loved my group at Bank of America Merrill Lynch, and they are a large part of why I chose to return.

Has your experience changed your plans or career choice when you leave college?
Since I will be returning full-time, I don’t believe the experience has changed my immediate plans. I enjoyed the work that I was doing, and I believe that wherever I end up in the long-term, this internship has given me the tools to be successful.

How will your internship experience help you after graduation?
I think this experience has given me the tools to continue my career successfully, no matter what industry or company I work at in the future. As of right now, I will be remaining with the company, but wherever my career takes me, I know that the skills I learned this past summer will be useful.

How has the Whitman School prepared you for your internship?
I was able to earn a certification in financial modeling because of a program marketed by the Syracuse University Investment Club. This provided me a competitive edge during training and allowed me to finish my work faster. Whitman also gave me the confidence to apply for the internship, even when I was told that since we are not a target school, I would have a difficult time getting an offer.

What did you enjoy most about your experience?
I enjoyed the people I worked with the most. Although the work I did was interesting and challenging, the people I had the chance to work with made it enjoyable.

Do you have any advice to students who are looking for an internship?
My advice would be to start working with the Career Center early. There are a lot of programs and events that Whitman offers that helped me secure an internship. I would also take advantage of the clubs marketed towards each major. They will help you decide which majors are right for you. Lastly, I would recommend getting involved outside of Whitman, as this will make you a more well-rounded candidate.

Sandhya Iyer