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Internship Profiles>
Internship at
Verbund
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Isabell
Richter |
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WHAT CONTRIBUTION DO YOU FEEL
YOU MADE IN THE INTERNSHIP PERIOD?
I supported my colleagues
through providing them with important information and research, which
they did not have time to do themselves. I was able to use my
knowledge from the basic finance course that I undertook at GBCM in my
day to day work at Verbund. Even though I worked in a German speaking
company, my English helped me a lot in the finance area.
WHAT ASPECTS OF YOUR ACADEMIC
BACKGROUND WERE HELPFUL DURING YOUR INTERNSHIP?
As I said earlier, the basic
finance course that I undertook at GBCM was a very good foundation for
the project I was involved with. Also, it was really important for my
work to know how to use excel (which I learned as part of my
statistics studies at Globe College).
IF YOU COULD REPEAT THE
INTERNSHIP WHAT WOULD YOU DO DIFFERENTLY?
The company has offered me an
opportunity to undertake another internship next year again for a
longer period. I really do not know what I would do differently next
year because everything was perfect and I learned a lot this time
round. Hopefully, I can be even more productive next time as I will
have gained more knowledge and skills throughout this year at GBCM.
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Internships
INTERNSHIP
AT VERBUND, AUSTRIA
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his Summer, Isabell Richter, a
GBCM student, undertook an internship at the Verbund electrical
company in Vienna, Austria. Verbund is Austria's leading electricity
company, and Europe's driving force for clean energy. Their core
business is "electricity" and the company is active along the entire
electrical value chain: from the turbine to the power outlet.
WHAT WAS THE NATURE OF YOUR
ROLE AND THE POSITION YOU HELD?
I undertook my internship at
Verbund in the controlling and finance department at the company
headquarters in Vienna. I was lucky in terms of timing because just
when I started my internship a new project began. The project was
about capital costs and creating an internal WACC (weighted average
cost of capital) for the company.
WHAT WERE YOUR INTERNSHIP
EXPECTATIONS AND KEY LEARNING GOALS?
Before my internship started
I was able to choose between working in the communications department
or the controlling and finance department. I decided to spend the time
in the controlling and finance department. It was definitely the right
decision.
My key learning expectations and goals were to get a closer look at
the controlling and finance side of a business, which interested me a
lot.
DID THE INTERNSHIP MEET THESE
EXPECTATIONS AND DID YOU ACHIEVE KEY LEARNING GOALS?
The internship at Verbund
definitely exceeded my expectations, because from the first day I was
involved in the capital cost project. I was treated as if I was a real
employee of the company. I had a lot of work to do, was able to attend
meetings and conduct research on leading electricity companies all
over the world. For me dealing with electricity, gas, and renewable
energy companies was a completely new concept. I feel like the
knowledge and experience I gained will greatly benefit me in my future
career and in the general business world.
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