Adam Surico is a Finance and Entrepreneurship double major set to graduate in May 2020. This summer he interned for Goldman Sachs as a Summer Analyst in Salt Lake City, Utah.
What was a typical day like?
A typical day started at 7:00 AM and finished around 6:00 PM. Being on the Stock Loan (Securities Lending) team, most of my deliverable deadlines aligned with market closings and other platform deadlines. Because of the timezone, the first half of my day consisted of meeting these deadlines. The second half of my day was typically filled with meetings and ad-hoc assignments.
If you worked on a big project, please describe it below:
A big project I worked on was enhancing the Mark-to-Market process for my team. When a stock loan contract is executed, the allocation of cash collateral needs to be appropriated daily to match the market value of the underlying security. On some of these contracts, manual marks are needed. My project consisted of finding a correlation between the amount of manual marks and the sources of these contracts. We analyzed the correlations and presented our findings and solutions to our floor.
What did you find most challenging about your internship?
Time management. Finding time for all of the deliverables, projects, meetings, and seminars was a big challenge.
What advice do you have for other students looking for a similar internship?
Network early and often.