Tag: finance

Completion of my NYCSCC Internship

The last day of my New York City Seminar and Conference Center (NYCSCC) internship is a bittersweet day for me. I am happy that I have learned so much at this internship but sad that I will not be working with my coworkers every day.

This summer, I have finished a Financial Analysis project from the very beginning to the very end. It seems like it was just yesterday that I was compiling data on an Excel spreadsheet. Since all of the data was in Excel, I have honed my Excel skills in the 10 weeks at this internship. I have encountered many roadblocks while doing the Financial Analysis project but the support of fellow interns and coworkers has led me to overcome these challenges. At the end of the internship, I presented the Financial Analysis project in a PowerPoint presentation to NYCSCC employees. Although I was nervous when presenting the project, another feeling overcame that: the feeling of accomplishment.

After this internship experience, I will take the analytical skills I honed and apply them to my Brandeis classes. During my junior and senior years at Brandeis, I will be taking Business and Economics classes and will need to use these skills in the class projects and papers.

Following this internship, I want to complete more internships that allow me to focus on developing my skills. While completing the Financial Analysis project, I realized that I am a process-oriented person and enjoy completing tasks from start to finish.

For those of you looking to intern at NYCSCC, I suggest that you attend the Winter NYC CIC fair because NYCSCC is usually at the fair. Before applying to the internship, you should look into the NYCSCC website to get an overview of what NYCSCC is. NYCSCC has internships in both marketing and finance. Having talked to the Marketing intern throughout my internship, I know there is so much you can learn in either area at this small business hospitality company. If you want to get an idea of what the benefits of interning at a small business are, you can check out my small company blog post.

For students interested in the small business hospitality field, make sure that you are a people person. In this field, employees are always dealing with clients and making sure that they are getting the best services possible. Therefore, you should be ready to do the same at this internship.

Interning at NYCSCC has been an enjoyable and memorable learning experience. I have built close connections with NYCSCC employees, and I will keep in touch with them even after the internship.

Me and my fellow interns at NYCSCC

 

Midpoint at NYC Seminar and Conference Center

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!

A NYCSCC room
A beautiful view of NYC from NYCSCC