Investment Banking Bliss
After four weeks on Wall Street, I race through the typical morning. My alarm clock goes off at 7 a.m. “Living the dream, man,” my roommate says—his way of saying “good morning”—as we wake up in our midtown Manhattan summer dorm room and start our routine. Bobby Gorman ’08, roommate and fellow Barclays intern, and I take turns with our two other roommates at the ironing board to make sure our shirts are pressed for work. Music blasts in the background and we soon forget that we didn’t leave the office until 3 a.m. the night before.
Though I was only two hours from my home in northern Connecticut, I quickly learned during my internship at Barclays Capital that I was situated in a vast network of international financial markets. My work in the MetLife building at 200 Park Avenue—through a great chain of investment bankers, salesmen, traders, and investors—was helping to fuel the global markets.
Sometimes it is easy to think of ourselves as living in isolated bubbles. Here at Colby, students often remark that we live in the privileged “Colby Bubble.” Yet the world becomes progressively smaller as our actions, through work, studies, or travels, influence others. Every one of us can make a global impact, and sometimes it was hard to believe that I jumped into this global network by working at Barclays Capital. Those increasing global connections fuel my excitement about returning to Barclays Capital as an investment banking analyst in the Financial Institutions Group (FIG) after I graduate.
During my 10-week internship, I worked on a team of 11 investment bankers that helped financial institutions, such as banks and insurance companies, raise capital to continue their domestic and international expansion.
Working as a member of the FIG team provided me with an opportunity to learn about covered bonds. Companies can raise capital at a relatively low cost by issuing covered bonds to investors.