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What can your story be in the United States?

1 posts categorized "Andrius Balciunas"

02/13/2012

Full speed ahead

Hello blog readers! How are you? (I am still getting used to this question here). And for me, it is still uncommon to hear this conversation in a store or in the office: “Hey, how are you?”, and the answer: “hi, how are you?” :) Well, I hope you all are doing great.

Actually, this is my first post, so I spent a lot of time by thinking what to write, what would be interesting and useful for the reader to read. So, I made a conclusion - I will write separate posts on separate topics: internship (from the professional side) and free time in the U.S. (New York mostly). This part will be more about the internship from the professional side.

I get many questions such like how is the internship, is it worth it, what are you doing there and what the responsibilities are, is it useful. I will answer them in this post.

I perform my internship at Lloyds TSB bank in New York and work in a small and friendly team. I report to VP & Portfolio Manager, who is a very interesting and open-minded person (we discuss about many economic and non-economic questions with him). That's right -my internship is related to portfolio management. Mostly I have to work with Excell - prepare portfolio, portfolio attribution analysis models, etc. I also work with Bloomberg terminal - to gather the data and monitor markets (you can get almost everything from that machine, I really like it). We have meetings with portfolio managers as well (one was last week). Also, we went to a Franklin Templeton’s conference two weeks ago, and last week I had an opportunity to attend a phone conference with Pimco's Bill Gross and Mohamed El-Erian. They were discussing about a camel with two humps :) - very good metaphor for possible scenarios in financial markets for 2012. By the way, if you are wondering why the font changed - I am writing this part while going to the office by metro. One station left. Will have to finish a Due Diligence report today and present one model to my line manager.

I am back. The day was really productive, finished the report, presented the model. We also discussed about the markets (good news from Greece!- nobody knows for how long), and perhaps we will have to change the allocation of one of our portfolios .

So, is the internship worth it? Well, it didn’t end yet, but for the moment - yes, for sure! And I think that my opinion will not change in the future.

By the way, the weekend was very nice – on Saturday we met other BAFF interns performing their internship here in New York, went to a restaurant, had a really great time! Hope to see them in the near future again.