Nick Aleman is a Finance and Economics major set to graduate in May 2021. This summer he interned for Northwestern Mutual as a Investment Intern in Milwaukee, Wisconsin.
How did you get this internship?
Eller Career Fair, and it helped that I was in SEO (Sponsors for Educational Opportunity).
What was a typical day like?
Got into the office around 8am, read my email and the markets briefing for the morning. There was lots of independence for us as interns, so I could work on whatever I felt needed was most important at the time. However, the rest of the morning was usuall
What was your favorite part of the experience?
My favorite part of the experience was the company’s Annual Meeting. NM’s thousand of network office advisors all met in Milwaukee (where the headquarters is) for three days. The meeting kicked off with a company 5k run, and the actually meeting was held in the new Milwaukee Bucks stadium. It was incredible to visualize just how big the company is, and the employees’ passion for the company made me excited to be there.
If you worked on a big project, please describe it below:
Over the summer, I covered a public company in the chemicals industry. I followed company and industry news, including earnings reports. Then, I built a DCF model to value the company (made predictions on its future financial performance) and presented a buy/sell/hold recommendation to the wealth management team.
What did you find most challenging about your internship?
The most challenging part of my internship was my summer project. I purposefully chose a company in an industry that I did not know to challenge myself. At first, it seemed to backfire, but the challenge made the experience much more rewarding.
What advice do you have for other students looking for a similar internship?
Try to connect with recruiters personally, and don’t be afraid to take a chance at the Career Fair.
How did Eller prepare you for your internship?
Thanks to ACCT 400C with Dr. Mergenthaler, I was very comfortable digging through 10K and 10Q statements and analyzing a company’s financials. FIN 360 made me familiar with the time value of money assumptions that are at the heart of a DCF, and the Wall Street Scholars Program gave me some early experience with actually building a DCF model.