This summer, seniors Jennifer Crupnick and Jessica Hill landed an internship at Markit working alongside Executive Vice President and HWS Trustee Calvin “Chip” Carver Jr. ’81. The global financial information services company prides itself on bringing transparency to the market as well as helping clients such as J.P. Morgan and Barclays to reduce risk and improve operational efficiency.
Finding a path among this diverse range of experiences is part of what the Markit internship program is all about, says Carver. “Our summer intern program is designed with two things in mind: over the course of the summer it gives us an opportunity to identify high quality candidates for full time jobs and secondly it gives the interns a chance to determine if this particular area of work is interesting to them. As I said to all of them when they arrived, ‘This intern program will be successful if you can walk out of here at the end of the summer knowing you either like or do not like this type of work.'”
At Markit, Crupnick worked with the sales team. Her focus within sales was on credit default swaps and loans. “Though my focus was on CDS, I was exposed to many projects and departments within the firm. This helped me to determine the areas of the business that I could see myself working with in the future.” she explains.
Crupnick’s role at Markit ranged from informing finance companies about Markit products and services, developing product campaigns, and helping to prepare for client meetings. She also helped develop a campaign for a new product, and went on a client meeting to pitch the product to Goldman Sachs.
Markit recently acquired an environmental company and is working on a company sustainability strategy. As part of this process, Crupnick wrote a proposal for calculating the company’s carbon footprint and helped the executive and environmental team to execute the plan. Crupnick is majoring in economics and environmental studies with a minor in English; she is a member of the nationally ranked sailing team, a writer for the Herald, a peer mentor and studied abroad in Queensland, Australia last fall.
Hill also worked with the sales team at Markit. Her roles at the company ranged from making phone calls to presenting sales pitches. “I also worked with the fixed-income specialist on the portfolio valuations team, as well as with the structured finance team,” she says.
This isn’t the first internship for Hill. “I have always known that I wanted to work in sales, specifically in the financial industry,” she says. “I decided during my first year at HWS that having internships in different sectors of the financial industry would be the best approach to finding the career I wanted to pursue.” She spent the past two summers working at Merrill Lynch. An economics major with a triple minor in public policy, environmental studies, and American studies, Hill is one of two William Smith juniors inducted this past spring into Omicron Delta Epsilon, the International Honor Society for Economics.
While both Crupnick and Hill feel more prepared as they search for permanent jobs, Carver is pleased to have worked with them. “They were eager to question what is happening and why; this is vitally important,” he says. “We value a person’s ability to critically analyze a situation. And it is clear that a HWS liberal arts education prepares you for this.”