The Summers of 2019 is a series about the various categories of roles offered by companies for summer internships. We bring to you the experiences of interns from Consulting, Finance, Marketing, General Management, Product Management, Operations and E-commerce roles to understand a bit more about their work life. The articles are meant to give the reader a glimpse into the life of an intern, and maybe help the reader understand their own fit in that particular role.
Contributed by: Akshit Khanijo
I interned with the Real Estate team of Blackstone Group. They already have the largest office portfolio among all funds in India, which is managed from the Mumbai Office. I had an amazing learning experience working with some of the smartest and most focussed people. The organization was very flat with a very small headcount.
The internship program was designed very well, giving exposure to different asset classes in the sector. I got to work on a few prospective investment opportunities, wherein I assisted in building financial models and presentations. I got to be a part of a few meetings and calls for these deals, learning how business in this sector is done. There were also some opportunities for on-field research which helped me understand the nuances of the sector. Apart from this, I also worked with the Asset Management team, which manages our existing investments, on a variety of assignments.
This was an amazing learning experience for me. As a Buy-Side Analyst, I was working directly with the decision makers in the organization. I got a lot of support from my seniors throughout the internship. You need to have great attention to detail, which takes some time to develop. Indeed, my seniors acted as shock absorbers whenever something went wrong. Nevertheless, as time passed I was given more independent charge of work. I was expected to develop excellent proficiency in Excel and Powerpoint.
As an intern, the work hours were very hectic including the weekends. It forces you to come out of your comfort zone but the criticality of work keeps you going. As with any other buy-side role, the stakes involved are very high because it is the money of the company itself which is being invested. This requires one to be as comprehensive as possible in evaluating a potential deal. But it wasn’t all-work-and-no-play. We went for lunches and dinners a few times and also had a team party at Alibaug.
This internship was one of the best learning experiences one can aspire for. Being a Real Estate focussed internship allowed me to deep-dive into the specifics of the industry. And with the Indian growth story has just started, with many alternative asset classes still in infancy, this sector has immense future possibilities and a lot of learning and innovation to offer.
Akshit is a student of the PGP 2018-20 batch at IIM Bangalore.