Kevin Raynak is double majoring in Finance and Management Information Systems (MIS) and graduating in May 2019. Last summer, Kevin interned with Binnovators in Prague, Czech.
If you worked on a big project during your internship, please describe what you did to help. I currently have spent the last several weeks working for a company named Binnovators. Binnovators core business operations are software development, financial engineering, and data analytics all concerning cryptocurrency. I currently help with the hedging of crypto funds by looking for trends in the market and then I make predictions on whether the value of these coins will increase or decrease in the near future. I am restricted on going into detail on what I do exactly as I have a non-disclosure agreement with the company that prohibits me from going into too much detail on it. On an average week, I’m assigned specific tasks by my superior that I am required to complete over the course of the week.
What did you find most challenging about your internship? There is no training offered for what I am doing, so it’s up to me to learn everything myself which has been a challenge from day one. My boss is never in the office so if I need advice I’m usually by myself; it has been frustrating as I feel I haven’t learned much over the course of the last month as I have direction on how to complete my work. With these challenges, I think my emotional control has improved as I have to break down and solve complex problems with no help at all. I have become more independent in my work as I have resources or mentorship at my job, my problem solving has dramatically improved due to this.
What advice do you have for other students that are also considering interning abroad? I would recommend for future interns to be cautious that a lot of the internships over here are hit or miss, after talking to many my peers it seems like they get paired with great internships or horrible ones. I, unfortunately, haven’t had the most fulfilling job over here as it’s not what I imagined before departing for Prague. With only a few weeks left in my internship, I have only met my boss three times in total and have received zero training in my field of work. I have been instructed to use Investopedia and Google for anything that I need help with. There is a substantial amount of students who have benefited from their internship and have had a great experience with excellent mentorship and have learned a lot from their internship. It’s a risky investment in my opinion as I spent a great amount of money to be here to have a poor experience, this is not the experience my parents or myself expected to get out of the investment that this trip has costed us.
How did Eller (or your previous coursework) prepare you for your internship? Eller has done an excellent job of helping prepare me for the internship as I feel comfortable with a lot of the vocabulary used in the office and in the work that I have been doing. However, there is only so much that I could have learned about the work that I’m trying to do over here, it has been a challenge daily to learn the material that I’m attempting to learn over here. It has been frustrating to try to teach myself this material. My biggest fear is I don’t know how I would talk about anything I have been doing over here in a future interview for a job as most of my time is wasted at my job researching how to learn to hedge using programs like python and excel. When I return home I’ll have to continue to learn about hedging as I’m wouldn’t confident enough to talk about it in an interview at this moment in time.