NO #6 – Inspirational ‘field trip’ with the equity analysts

No day is alike. This week we joined our equity analysts and saw them in action on a field trip to a global company - quite an experience.

By Astrid Slettan

Week five went by incredibly fast, but this was no surprise – time flies when you are having fun and learning quickly as a summer intern at Nordea Markets. Once again, we experienced a lot of variation of tasks and support from very knowledgeable colleagues.

We have all been busy this week; Kathrine and I continued into our second week of our project on equity research, while Hannah continued her project with FX trading. Petter and Eirik went on with their project on options.

Let me take you through the equity research projects, the ‘field trip’ to a global company’s premises and the social parts of the week.

Enlightening field trip

Kathrine and I were given the task to gather financial and commercial information in order to start making a valuation of a company, which gave such an interesting deep dive into the company and an industry that I had practically no knowledge of – up until now.

Seeing how deeply involved and knowledgeable the analysts at Nordea are of the companies and industries they cover is just fascinating! I realised just how many new things you/I learn every day in equity research.

Group of norwegian summer interns at desk

From left: Hannah, Kathrine and Petter.

For example, we were brought along to the premises of a global company for the presentation of its quarterly results. It was very enlightening to see how the equity analysts ask the right, in-depth questions in order to get a better and deeper understanding of the company’s current situation and prospects. It was also interesting to witness the dynamics between the representatives from the company and Nordea’s analysts. So, a very fun and inspirational experience.

The fact that Kathrine, Hannah, Petter, Eirik and I rotate between different types of projects and work with different desks and Nordea colleagues every week allows for a lot of variation. There is never a week (or a day for that matter) that looks the same. But what is always certain is that we are given great support and guidance from our colleagues.

We do fight hard

On Tuesday afternoon, it was set for the usual hour and a half of floorball. Everyone is slowly improving and stepping up their skills, and the interns are slowly taking over the field (not really, but we do fight hard). Either way, it is always a nice way to get some exercise and get to know our colleagues outside of the office sphere.

At the Summer Academy session on Thursday, we were given a presentation on Derivatives Sales by Frederik Årvik, Assosiate Director in Investment Banking, and Lars Even Klepsland, Chief Dealer in Nordea Markets.

Frederik and Lars introduced us to interest rates and the historic development as well as current views and products offered to customers, such as interest rate swaps. Also, we were given insight into the rates trading in Nordea Markets. At the end, we were able to apply what we had learned to a case company by analysing its financial situation, and then find the best way that derivatives could be used to hedge its risk.

Finally, it was time for pizza and Kubb (King’s game) in the park, before we all gathered at the rooftop of Kullt for some rounds of shuffleboard.

As always, it has been a week full of learning, hard work and fun – and we look forward to tuning in next week for another update.

Catch you later,

/Astrid

Missed last week’s blog post covering how the summer internship can be a bit different from what you read above? Then read Jørgen’s blog post on how he asked for something– and got it. You can also follow our summer interns in Stockholm and the FFPs in Helsinki.

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