Spring Week #2 – Challenging but a VERY rewarding time

Again a group of students visited for the Spring Week. Meet the students, and see what went on at the end of their Spring Week.

What is Nordea Spring Week?

Mid-May the annual Nordea Spring Week took place at Nordea’s head quarters in Stockholm. Eight selected students from different universities (SSE, KTH, Hanken, Lund and Chalmers) arrived early on Monday morning, eager to get to spend the week rotating within Markets and Corporate & Investment Banking. The agenda varied between the different units but generally the students listened to presentations, networked during lunches and practiced on solving and present cases.

In this second blog, you get insight to how this year’s Spring Week students spent the last three days of the week. The blog is written by the participants themselves. In case you haven’t read their first blog, here it is first part of the Spring Week. 

By Marcus, Isak, Natasha and Matthias

Wednesday – Two days wiser, but still challenging

After two exciting and intensive days at Debt & Risk Solutions and Leveraged Finance, it was time for Advisory (also known as corporate finance). The day started with an introduction to Advisory and Investment Banking held by Joachim Andersson, co-head of Advisory Sweden. He shared his personal story, why he has spent so many years within corporate finance and why he is convinced that banking is the absolute most fun job there is. After this, the Q&A started where we got the opportunity to bombard him with questions, which he was very willing to answer.

It was now time for some quality time with two Analysts from the team. George Oussi and Josefin Halvarsson told us about a typical day at Advisory and the role of an analyst at Advisory. It was interesting to get a more in-depth sight of what tasks and challenges you can expect when you start fresh out from school. Together with a few more members from the team, both George and Josefin joined us for a delicious lunch where we got the opportunity to network with Nordea representatives.

Following the lunch we had a crash course in valuation, which was intellectually stimulating as well as challenging. After a quick cup of coffee, it was time to put our newly learned skills to the test with a thrilling M&A case including a pitch for “management”. Both groups came to conclusions that were somewhat similar, however they differed on some points. To celebrate the winners, the group embarked on a journey to the nearest pub for an after work in a sunny Stockholm.

Thursday – Traders are not like in the movies

It was then time for a different part of the bank, Nordea Markets. The intensity of Markets was reflected in the presentations held in the morning. We were given brief but informative insights to different parts ranging from Sales & Trading to Research.

The stereotypical image we had from the world of the movies was immediately crushed, and instead the people we met were down to earth and showed great enthusiasm for their field of work. Having said that, we must admit that the amount of computer screens at each desk could still have come straight out from an episode of Billions.

After lunch we received not one but two cases, one of which revolved around risk and hedging strategies, and the other one regarding equity research. Both groups performed so well during the presentation of the cases that the judges couldn’t agree on a single winner.

Friday – Rewarding time and unfortunately our last day

On Friday we were introduced to the world of sustainable finance. The presentation stressed the long-term advantages of incorporating a sustainable mindset, which we will bring with us in our future careers. Our last lunch was enjoyed in the company of several seniors from the different divisions of Nordea that we had visited throughout the week. The lunch was one of the key (“investment”) highlights of the week, where they shared their knowledge, experiences and useful tips and tricks of how to thrive in the industry.

At the time of writing, we are reflecting on the past week and how much we have learned. We want to thank Nordea for this incredible experience, full of networking, good lunches, the many presentations and challenging cases. Getting to know the representatives of Nordea and the other students has been one of the best parts of this internship. We strongly recommend applying for Spring Week 2019, as it has the most rewarding week during our time at university.

We hope these two blog posts have been informative and insightful and equipped you with an interest in applying for next year’s adventure at Nordea. Now we must run up to the roof top terrace for a final after work and to say goodbye to all the inspiring people we have met during the week!

Do you want to know more about these selected students who participated in the Spring Week? Then click on their names below, and explore their LinkedIn profile – it might inspire you on how to get a spot on next year’s Spring Week or apply for your next position within Nordea.

A big thanks for writing this blog to Marcus, Isak, Natasha and Matthias.