Callum Munro, a final year physics student has been successful in getting on to the six-month graduate internship programme with Unipol, the Italian insurance company in Bologna.
The programme runs twice a year, with start dates in February and September. Work is carried out in English so no prior knowledge of Italian is required.
I asked him to give a bit of background to why he chose it – and the application process.
Being in my final year of uni I have been looking for employment in finance. It’s something I’ve been interested in and I had an internship last summer. I found the role on MyCareerHub via the University of Edinburgh Careers Service website which is really great and gave some really clear information on what exactly the role was, where it was, a bit of background on the company, remuneration and so on.
I sent off my CV and cover letter and they got back saying they would like to further my application and organised a telephone interview. The interview started with them asking about which part of the business I would like to work in and my experience of insurance and finance in general.
During the call they said that they would like to offer me the post and started talking about when I would be able to come, having an introductory week in July and whether I would be prepared to do some training. It starts properly in September but they said they will have me over for a week in July to get an idea of what I’ll be doing. Thanks again for the discussion we had at the Careers Service, it helped me out a lot.
The archived vacancy on MyCareerHub
The six-month programme consists of two three-month rotations in the corporate finance division. Interns may choose to work in any two of the following areas:
• Debt Capital Markets
• Strategic Planning
• Investor Relations
Daily tasks will vary based on the needs of the management and department. They could include:
• Market analysis on the financials and business models of our Italian and European competitors within both the insurance and banking market;
• Conducting financial and economic valuations of potential investments, disinvestments and partnerships;
• Scouting and studying new M&A and Business Development opportunities to raise with senior management;
• Tracking the international financial media and producing daily reports;
• Monitoring and updating financial models, tables and balance sheets;
• Attending meetings with senior management and external stakeholders including investment banks;
• A personal research project tailored to the interests of the intern.
The requirements are as follows:
• Candidates must have achieved, or are on course to achieve, a minimum 2:1 in Economics, Finance, Mathematics, or a similar degree;
• Basic knowledge of finance;
• Strong analytical, organisational, communication and time management skills;
• Candidates must be self-starters, able to work well individually and as part of a team;
• Experience using Microsoft Excel and Powerpoint;
• Knowledge of financial databases (Bloomberg, Datastream, SNL) would be a benefit.
Work will be carried out in English so no prior knowledge of Italian is required.
The programme runs twice a year, with start dates in February and September.