Fast forward to April 2019, the internship was finally here! Having had work experience prior to my MBA, I could'nt wait to go back to office and just start working away! A summer internship essentially lets you explore real life challenges that you learn during your MBA programme. The engagement with industry during internship also lets you learn about different roles and verticals of management. Being a startup, the work environment was really chilled out, but with that being said, I managed to learn a truck load of new things. The internship opened me to a whole new world - trading, which I had never explored before. As a batch of 20+ interns from various other top B-schools, we were given intensive training and classroom sessions on trading in the forex market for the first three weeks. We were imparted training on how to carry out in-depth analysis on the market, take buy or sell calls, compare various strategies and ultimately maximize profit! After this course of learning, we were given accounts to trade on the live market. To make it more exciting, our mentor also organized a competition wherein all of us started out with a pre-specified amount of money in our demo accounts, and took trades throughout the course of the week. The person with highest net profit AND made it by taking trades with informed analysis, explaining the entry/exit points was adjudged the winner and awarded with cash prize. Being the forex market, we had to be alert round the clock, be aware of any news being announced in any country, and its impact on the currency.
Initially, all of us including me had this popular myth that trading is like gambling and depends purely on luck. But these two months of my internship opened me up to a whole to arena of investing money and made me understand that it is purely technical and does'nt happen out-of-the-blue. The openness, support and guidance that I received from my mentors as well as peers helped it to be an extremely enriching experience. Overall, the internship gave me a good hands-on experience of how money management works and what are the key skills that can help you in this profession.
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