Deutsche Bank, FinMechanics, Goldman Sachs


People in IIT come with varied expectations. Some expect to open their start-up, some want to pursue higher studies while others may want to work in a big firm. Internships are something that may help them get a hang of what they want to do ahead in life and be actually sure about it. To help the students decide here is an article which gives an insight into the field of finance. This article is for all those who are intrigued by this corporate world. I would like to convey my gratitude to Kartikeya Sharma, Mukund Mundhra and Abhiprai Misra for their valuable inputs.

Abhiprai Misra
Kartikeya Gupta
Mukund Mundhra


You see that most of the students tend to pursue internships in tech and also most of the seniors do the same in terms of job. So, if you want to explore a different field then there is a lot to be learned from working in finance which involves a different work culture and way different projects from the kind you get in the tech jobs. Also, some students from their early time in the institute develop an inclination towards finance, this internship might turn out to be a perfect kickstart to pursue their dreams. Many of the companies that recruit in this sector offer internships outside India so that’s another plus point.


Generally people in this field get the internship through the training and placement cell (TnP) of IIT Delhi. First of all there is an online application you need to provide for most of the jobs. This application comprises of two main parts. The first part involves uploading of your resume while for the second part you need to answer some basic questions related to aptitude and some basic finance (of which no one has any idea about but its pretty straightforward). After that there are interviews on campus – mostly testing your skills in probability, math and also your communication skills and general aptitude and reasoning.


There is some basic CG cutoff for these internships but once you’ve been shortlisted for the interview, almost everything depends on your CV and how you perform in the interview. The interviews in this field particularly involve a lot of questions related to mathematics (probability and statistics in particular) and quite a few puzzles. So, brushing up the JEE probability helps a lot. Also, the things taught in the course MTL106 might be quite useful in answering a few questions. Apart from that, it helps to think algorithmically, and courses like Data Structures and Algorithms, and Discrete Maths help in this regard.



He did his intern at Deutsche bank at two locations each a month-long in Hong Kong and Singapore. In Hong Kong, he worked on the equities risk trading team, which worked on trading stocks on behalf of the bank. He was involved in developing software for this team, including different kinds of web scraping tools and parsers to parse and process financial data to help in the trading decision processes for two important events in the stock. In Singapore, he worked on the foreign exchange options trading desk.


He worked in a profile called strat which is a good mix of coding and finance in Hong Kong for Goldman Sachs. The work he did in this profile in general involved coding but you need to develop a good understanding of finance and maths (mainly stats). Since he was an intern, they didn’t expect him to have any prior financial knowledge, especially being from an engineering background. Hence as an intern, he got stuff that is more on the coding side. However, as a full time strat, you’ll be designing trades and pricing models.


He completed his intern in Bombay at FinMechanics. His work was an amalgamation of a wide range of things mainly involving projects which had a mix of both finance and technology.


FINMECH– Overall the environment is very good and the people are really helpful and encouraging. Since most of the employees are IIT D/B/M graduates, it’s very easy to connect with them which makes work a lot more fun. The timings are flexible and there are no such defined working hours.

GS– You usually work for about 11-12 hours a day. The timings usually depend on your team. The working conditions and the environment are pretty good. People are really busy at the firm, especially the traders. So, you’ll be in a very lively office where you can hear people shouting orders on the floor. However, everyone is extremely helpful to interns and they’d more than happy to talk to you about their work.

DEUTSCHE BANK– He tells that the working conditions are not stressful at all, except some people may find the work hours long, but that is quite common in a bank. The environment is very pleasing to work in, and everyone is friendly and easily approachable if you need any sort of help. If you’re an intern, it doesn’t matter if you’re asking stupid questions, people always help you out here. The office culture is pretty good, there are networking and other fun events, and Fridays, in particular, are fun at the office.


– All of them give a common suggestion to revise mathematics especially topics like probability and statistics which are commonly asked in interviews.

– It will be of help to you if you are able to study some topics from finance prior to sitting for the interview.

– It would be better if you first filter out the profile you want to land the internship in and then start preparing for it.

Article by: Hridayesh Lal

  • Was this Helpful ?
  • yes   no


Please enter your comment!
Please enter your name here

55 + = 65