Those of you reading this and not in the Suffolk Global MBA, you'll remember that I am Hang, a Suffolk Global MBA from Viet Nam, in the international finance concentration.
The summer went by fast. It is time for us to come back to our Suffolk University.
I had a great experience at eSecLending as a Credit Risk Analyst for my Suffolk Gloal MBA internship. There are multiple positive aspects that have materialized as a result of this six of credit internship in risk analyses finishing. My colleagues are so nice to me and I have learned a lot from them as well. A special note of thanks must be given to eSecLending and Suffolk GMBA for giving me the opportunityy to work in this professional environment. It was a great experience for me.
The most significant positive aspect of the internship was that my knowledgebase related to the regional bank industry has been enhanced. Over time, I realized that banks were a species of enterprise more fascinating than I had imagined. I came to understand why so much is obscured by jargon, and why banks are treated differently than other companies. As a result, their financial reports differ from others. Bank credit analysis is a conspicuously entertaining subject. “A bank lives on credit. Till it is trusted it is nothing; and when it ceases to be trusted, it returns to nothing” --Walter Bagehot. I fell in love with this kind of analysis I think J
Other positive aspects of the internship have been my growing expertise in the field of credit risk analysis. The skills required to be a successful credit risk analyst include an acute attention to detail and the ability, and willingness to work with numbers and a good background in accounting and in fixed-income instruments. A number of financial data such as profitability and earnings quality, capitalization, assets quality, liquidity and funding over the past fiscal period-times and their trends over the past period-times are evaluated in comparison with its closest peers. This along with understanding the economic environment in which they operate as the global market recovers from the financial crisis and new financial regulations are put in place.
In addition, I have become more exposed to the overall process of acquiring and analyzing data. I now know where significant pieces of information can be found through resources available on the Internet as well as financial data agencies such as Moodys, S&P, or Bloomberg. This knowledge is something I can take with me and apply to future Global MBA classes and to my career.
I achieved my goals of learning in this internship.
It is my final Blog today. Not to be forgotten: to express my gratitude to our Dean Hallberg who played an important part for giving me this experience. Also, thanks to you all for being my friends here in U.S. This wonderful time with you in Suffolk University will be always in my mind.
I am looking forward to see you all soon in school.
One of the reasons why I love the working life is that I can have my weekends back!! No studying to do or team meetings to attend… Just enjoy!
A few weeks ago, I got a message from one of my friends from
Have a wonderful week!
I am in Suffolk Universitys' Global MBA program, an MBA in international business and I am from Viet Nam.
I have just had a long conversation with my lovely French friend. He reminded me of the amazing song called Hello Viet Nam. Marc Lavoine wrote the original song in French called Bonjour Viet Nam as a special gift to Pham Quynh Anh, a Vietnamese immigrant and a French singer as well, who never had a chance to know her home.
I would like to share the song's two versions with you all. The videos show us a lot about Viet Nam from North to South. Also, in the second one, you can see white “Ao Dai”, a traditional Vietnamese long dress and “Non La”, a traditional hat. I was proud of wearing them to go to high school for a long time. I hope you like them.
Official version, French
Can you recognize me in this picture?
Hope you all will love the song like I do.
How was your 4th of July? I had a great time! It was the perfect end after my summer class finished and a great chance to rest! I went to
On Saturday afternoon I drove up and on my way there, I stopped to take a few pictures of the Quechee Gorge. It was quite a fabulous view!! Then, on Saturday evening, I met with a few friends and we had a great barbeque.
On Sunday, I hiked
I can not wait for the next long weekend… It was so relaxing and fun! Waking up for 6:00 am tomorrow morning will certainly be tricky! I hope you all have a wonderful week!!! Talk to you soon! KT
Hi my friends,
I was glad glad that I finished the first two banks’ analysis reports in my internship. Everyone in my department has his own way of doing things but we all work together and accomplish much.
Hope you all are having fun.
I am sorry I have been missing-in-action, but interning at State Street Global Advisors and taking a class in the evening have been keeping me pretty busy, ALL the time! But before I begin, let me re-introduce myself since it’s been so long since I have written anything. My name is Konstantina Tsouroufli and I am a Suffolk Global MBA from
Before I begin telling you a little bit about my experience so far, I have to admit that it’s been wonderful reading everyone’s blog and getting to experience the different cultures through your writing. You are all doing a fantastic job describing the things that are new, good, bad, interesting and exciting! I really enjoy your blogs so please, keep on writing!!
I also want to congratulate all these part-time students for doing the “impossible” task of balancing work and school day in and day out! I now know how it feels…working full-time at SSgA in my nternship and taking a class at night, and I have no idea how you guys do it, but good for you! It’s been certainly challenging for me and I look forward to being done with class in two weeks!!! :-D
So, life has been great so far…. I started on June 7th and I am already working on a global project where I have to compare strategies used in the
Besides that I am located on the 29th floor of this gorgeous building in the middle of
In addition, SSgA has these fantastic lectures called “Leadership Series” where a different Executive gives a speech every week on what they do, how they got where they are today and the leadership skills they had to develop in order to be successful. In addition to that, every Wednesday, the company buys pizza for all the interns and they have what they call “Lunch and Learn”, where again, they invite an Executive to speak about the different divisions within SSgA, what they do, how they conduct business, and what a day in their lives is like. We also have the opportunity to ask questions about the different areas of finance. SSgA really cares about investing in their interns while we are there, and they really encourage us to network and speak with as many people as possible in the company.
That’s all for now… I will write more tomorrow and I will post pictures of the wonderful views I get to look at every single day!!
Have fun guys and stay in touch.
My name is Hang Dang, a Global MBA from Viet Nam, concentrating on international finance. I started my internship on June 1 in the securities lending industry. Prior to beginning my internship at eSecLending, I worried but was excited about it because this is a very new concept and industry for me. It took me a while to understand clearly how it works.
Defining the securities lending industry: securities lending is the temporary transfer of securities by one party - the lender, to another - the borrower and involves credit risk management. The borrower is required to provide collateral. That collateral is placed in other companies -> reinvestment risk control. My internship work is to assist with credit and reinvestment risk analysis on various global or supra-regional banking groups. Although they are usually rated by the major credit rating agencies such as S&P or Moody, additional research is done on each group. In conducting this type of analysis, I am trying to understand an institution’s business model and competitive strengths, financing strategies, and the economic / business environment in which they operate. Also, I look at asset quality, capital structure, liquidity, profitability, etc. and compare them with a peer group and/or versus some other standards for determining credit quality.
I have learned a lot. I never believed that I could read a whole financial statement in my life. It is such a thick report! How to identify risk level is a challenge to me because I don’t have any experience in the industry so I am learning a lot. The first analysis is taking long as I am learning. My supervisor told me that he will give me a new group when I finish this one, so that I can learn as much as I can.
The supervisor and the vice president of the department are very nice to me. We have some lunches and it is fun to get to know them. I took him to the Pho Pastuer, Vietnamese restaurant where, whenever I go there, I choose the same food. I miss my country’s food.
I don’t have the chance to make many friends at my internship because there are not many coworkers in the area where I am except many important positions: two CEOs, CFO, some directors and vice presidents and 4 people in the legal department. Can I be friends with them? Will I get to know them? It looks like they totally focus on their work and I am totally focusing on mine. It is fine because getting professional experience is more important. But I can tell that I enjoy working there and learning a lot.
I felt uncomfortable at first because my seat-back faces to the CEO and CFO’s offices and only I am in that area this week. My department is in another area because they don’t have enough space for me. I have to run between two areas so I do get exercise! I think I will lose some weight after the internship without going to the gym. Isn’t that cool? Then I told myself that I should not care who is sitting by me, and focus only on doing my job. Now I feel fine and enjoy my job.
I went back to Vietnam for 2 weeks to get my visa renewed and to visit my family. It was funny that the officer did not ask me anything except “ morning, how are you and when will you graduate?” I prepared for the visa interview carefully though. Weird!!!.
My investment in the Vietnam stock market and my own company in Vietnam, Amie Bags Co., which manufactures and supplies handbags, backpacks, suitcases and other fabric products are other reasons I went back home. Amie is my French name. I worked for a French company for a few years. They called me Amie “a friend” because I always smile and look happy. A lot of fun and my happy life at Suffolk and Boston made me forget my businesses in Vietnam for a while. Now I need to take care of them and give Amie products the opportunity to be here in the US. I carried two suitcases of all Amie products from Vietnam including handbags, backpacks, laptop and Ipad sleeves. It was unbelievable the custom officers did not ask me anything, even with one box of duck meat!
I have been familiar with facing challenges and difficulties. Another plan If have is to take CFA level-1 test this December. It is a busy summer for me. I am very lucky on everything I do. I hope my luck continues to drive my life. Everyone around me is very nice to me, which is also part of my luck. They are patient to understand and listen to me even when my English is a little slow; and they help me out. I appreciate my lucky life and our Dean to give me the chance to be one of the Global MBAs, to have this great internship and to have met you all. My classmates all have great internships like I do. I am very happy to share what I am doing with you all. Enjoy and enjoy whatever you do!
My name is Konstantina Tsouroufli and I am a GMBA candidate with a concentration in International Finance. I am originally from
I am fortunate enough to have secured an internship with State Street Global Advisors for this summer! I will be working with the Product Engineering group in the Fixed Income Division and I am super excited about the opportunity! Even though I won’t get to travel abroad like some of the other students, getting this experience in the area of finance will be of tremendous value to me and will involve a learning curve just as steep, considering my background is in engineering and operations management (don’t be fooled by the term “Engineering” in the name of the group I will be working for… it has absolutely nothing to do with Engineering I was told!). I am really looking forward to this incredible “journey”!
I have to admit however that the road to getting this internship was long and with its fair share of frustrations and emotional ups and downs. Thankfully, Dean Hallberg never quit on me and encouraged me all the way. She made sure I had the right opportunities presented to me and ultimately allowed me to select the one that best fits my career focus and goals. I couldn’t be more grateful for that!
So, I am getting ready to experience summer in
It should be fun! I will keep you all posted on any exciting news!!
All the best!