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Equity Research | Gaurav Arora | Internship Experience
Updated: May 4, 2020
Gaurav Arora (21) is a graduate of B Com (H) from Shri Ram College of Commerce (SRCC'19). He is currently pursuing CA (Final due in May 2022) and is also a CFA Level 2 Candidate. As a non-engineer, he has come forward to share his internship experience for the benefit of all.
Internship Field: Equity Research
Company: Orion Wealth Management LLP
Location: GK-2, New Delhi
Duration: 2 months
How did you find out about the internship?
The opportunity came up through Internshala.
What were your responsibilities as an Equity Research intern?
I was responsible for conducting research on stocks shortlisted by Managing Partner of the firm. I had to assemble my findings and prepare a report on the same - Company Background, Business Model, Revenue Model, SWOT, Investment Rationale, Peer Analysis, Financial Performance (Valuation using DCF/FCF in Excel & Ratios such as PE, PEG, ROC, ROA, D/E, EV/EBITDA, EV/EBIT etc), track news around the stock, participate in conference calls, watch management interviews & sum all of it in the report itself and present the same to seniors. I usually got 5-6 days for covering 1 stock. I covered 6-7 stocks during my internship. The stocks were mostly Mid-Cap from Banking, Realty, Pharma & FMCG sector.
How much time did you contribute on a daily basis?
All the interns worked for 7/8 hours a day for 5 days a week.
What were the top 3 skills you acquired?
1. Valuation using excel
2. Research & presentation
3. Analysis of any company from fundamental point of view
How did your internship help you going forward in your career?
I did my internship after 2nd year of my undergrad and now I am pursuing CA & CFA. I have not yet started working full time (CA Articleship going on) but the internship experience has helped me in my CFA studies. I am able to link the concepts easily.
If someone wants to apply for the same role, what would be your advice to them?
Do some basic equity research courses along with a Financial Modeling course online before applying. It will help you in the interviews & during the internship.
Anything else you'd like to say to the non-engineers who'll be reading your post?
For those who are looking to apply on sites like Internshala, LetsIntern etc - Apply early, companies usually have 1-2 vacancies and they get them from first 50 applications. If you see an internship with more than 100 applicants, better search the recruiter on LinkedIn.
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Gaurav shared his experience to help the non-engineers across the country. If you're a non-engineer, who has an internship experience that you think it can add value to others' lives, please fill this form - bit.ly/NE_Internship and also share it with others who might want to contribute.
A big shout out to Gaurav, who took out his valuable time to help others :)
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