One of the most valuable experiences I have had in the internship was conducting financial modelling. The final goal was to provide my recommendation on whether the company should own or franchise their large-scale product. While it was my most favorite task, it has simultaneously been my hardest task.
What made this such a phenomenal experience is the fact that prior to this internship, I have never been exposed to financial data nor any form of financial modelling. When given my task and goal, it initially felt quite overwhelming and a monumental challenge to carry out. Where do I even begin to build a financial model? What does it comprise of? What do I even model to derive results and an eventual recommendation? It seemed that I had more questions than answers. And yet, after a week, I managed to achieve a conclusion.
As I began to attempt this large task, I initially strived to study financial models previously developed by the firm and understand them thoroughly. Asking more questions from the models, I employed online resources and started to self-teach the basics of financial modelling. Before I knew, I was progressing through my modelling, learning exponentially about how to build them – but more importantly, how they were relevant and would help reach and prove my recommendation.
Although learning through YouTube and Google has left gaps in my understanding, I’m excited to explore this new-found interest. As I take a class on these very concepts next semester, I look forward to being able to apply my modelling experiences to class and develop a thorough understanding of the field. My work has an immense impact on the direction the company does to go in, and I’m glad that I’m contributing in a meaningful manner to the firm.