1. Please provide a brief description of your STEP Signature Project. Write two or three sentences describing the main activities your STEP Signature Project entailed.
My STEP Signature Project last summer involved interning as an M&A (Mergers and Acquisitions) intern at Ascot Insurance Company. During this internship, my main activities included conducting financial analysis of potential acquisition targets, assisting in due diligence processes, and contributing to the development of strategic recommendations for potential mergers and acquisitions.
2. What about your understanding of yourself, your assumptions, or your view of the world changed/transformed while completing your STEP Signature Project? Write one or two paragraphs to describe the change or transformation that took place.
My understanding of the corporate world and the intricacies of M&A deals underwent a significant transformation during my STEP Signature Project. Prior to this experience, I had a somewhat theoretical understanding of business transactions and M&A, primarily based on academic knowledge. However, my internship at Ascot Insurance allowed me to witness firsthand how complex and multifaceted these deals can be. It challenged my preconceived notions and provided me with a practical understanding of the real-world implications and intricacies of M&A transactions.
3. What events, interactions, relationships, or activities during your STEP Signature Project led to the change/transformation that you discussed in #2, and how did those affect you? Write three or four paragraphs describing the key aspects of your experiences completing your STEP Signature Project that led to this change/transformation.
Several key aspects of my internship at Ascot Insurance contributed to this transformation. Firstly, I had the opportunity to work closely with experienced professionals in the field of M&A. Through interactions with my mentors and colleagues, I gained insights into the strategic decision-making process behind mergers and acquisitions. Additionally, I was exposed to the fast-paced nature of the industry, which required quick thinking and adaptability to changing circumstances. These experiences pushed me out of my comfort zone and helped me develop a deeper appreciation for the complexities of M&A.
4. Why is this change/transformation significant or valuable for your life? Write one or two paragraphs discussing why this change or development matters and/or relates to your academic, personal, and/or professional goals and future plans.
This transformation is highly significant and valuable for my life, both academically and professionally. Academically, it has deepened my comprehension of the concepts I have learned in my coursework. I can now approach my studies with a more practical perspective, understanding how theories are applied in the business world. Professionally, this experience has opened doors for me in the field of finance and M&A. It has provided me with a competitive edge in pursuing future career opportunities in this industry. Moreover, the interpersonal skills and relationships I developed during my internship will serve me well in my future endeavors, as networking and collaboration are essential in the world of business. Overall, this transformation has significantly enhanced my readiness to pursue a successful career in finance and M&A.