I'm a career switcher who just finished my 1st year MBA at a target school. I still don't know much about finance but definately know a lot more than before. People always talk about how important transaction experience is. Can someone tell me whether what I'm doing right now as an Intern in Structure Finance will get me transaction experience?
The firm that I'm with this summer invests in different sectors of emerging countries, such as banking, infrastructure, energy, etc. PE firms or the company itself would approach the Structure Finance team for borrowing $ to funds their projects.
I'm now working on two live deals, and we're lending 100MM to each. My job as a summer intern is the following:
1) Analyze the models provided by the sponsors to determine whether they can pay us back and whether the models have any structural problems. If so, I will work with the director and MD to negotiate the terms and the structure of the loan with the PE firms.
2) I do a lot of economy and industry research. Then, I will write pages of reports that will go into the loan agreement which will get submitted for approval.
3) I also need to build my own models to sensitize different scenarios and sometimes have to merge different models together to get a complete picture of what's going on.
4) Often times, the PE firms will send us their valuation of the target company that they want to acquire, and I have to analyze it.
What do you think?