Wow. I am already at the midpoint of my internship at NYC Seminar and Conference Center (NYCSCC). My work at NYCSCC has definitely picked up its speed since my first week. I am exploring the finances of a company in a small business hospitality industry and have learned so much already.
I am proud of the Financial Analysis project that I am working on with a fellow intern. One of the project’s goals is to build a financial model that would tell a person how the company is doing financially based on certain factors. In order to complete this project, I am applying my Financial and Managerial Accounting knowledge to analyze the cash flow statements of the company. This is an exhilarating experience for me because I can actually apply the accounting material I have learned at Brandeis to analyze a company’s finances.
Another subdivision of the project is to evaluate the pricing of NYCSCC rooms based on the conclusions I have drawn from my financial analysis. Although I have not reached this point in the project yet, I am keeping this in mind as I am looking at the data I have compiled. I am happy about the progress that I am making so far in this project!
The majority of the work that I am doing for the projects requires the use of Excel. Becoming more familiar with Excel was one of my learning goals for this internship, and I am happy to say that I am building my Excel skills. Honing this skill will help me in future jobs since Excel is one of the most used business softwares among many companies.
Throughout this internship, I am building my analytical skills. When some of the data that I need for the project is missing, I have to figure out what the best method is to back into it, given the data that we have. Since I am dealing with a lot of financial data, I have to sort through it and decide what is relevant and what is not relevant when building the financial model. After compiling and analyzing this data, I draw conclusions to see if there are any noticeable trends or unusual occurrences. This step-by-step analytical skill is preparing me for future business and economics classes at Brandeis, where I envision myself doing projects that involve analytical thinking.
Teamwork is required for the work that I do. When I hit roadblocks in the project, I am grateful to be able to talk about them with a fellow intern, my mentor, and a company owner. They offer advice about ways to solve these challenges, and it feels great to be able to bounce ideas back and forth with each other. The collaboration involved in my intern work is preparing me for the real world. In any future career path that I embark on, I will always have to work in teams on company projects and be able to communicate ideas with other team members.
I am enjoying my experience at NYCSCC and am excited to continue my progress on the projects!