Erica Lutes

GOLDMAN SACHS, NEW YORK, NY

 

erica

 

Erica Lutes '02 gets on-the-job help from Sharon Singer, vice-president of the Investment Management Division at Goldman Sachs.

 

What would you do with three weeks of free time in January? Read the books that sat on your nightstand all semester? Sleep in and recover from exams? Travel to the museums you have never seen? I chose to get up at 5:45 am Monday through Friday to catch the 7:05 am train from Jersey into Hoboken, to squeeze in with hundreds of other commuters onto the PATH to the World Trade Center, and to hightail it seven blocks to downtown Wall Street in New York City and up forty-two floors--all this in order to work long hours and hard days at one of the country's top investment banking firms, Goldman Sachs.

It was all worth it. It only took three short days to realize the value of my January Internship. Interning in the Investment Management Division under Training and Development, I was working for the company Fortune magazine rated as one of the "Nine Best Companies" in 1999. Not knowing what to expect, I brushed up on my coffee-making skills before my first day. I was well versed in sugar or Equal, milk or cream. But when I arrived on the job, after a brief rundown on the company's values, I realized this wasn't a joke.

I was orchestrating an entire assignment for the firm. Did these people realize that they had just delegated a project to a nineteen-year-old? But as they expected, I rose to the challenge and worked long hours for three weeks, sending 300 emails to associates and top executives, asking them to participate in a mentoring program. I compiled more than 100 resumes and profiles and created professionally made packets to be sent out in confidential envelopes firm-wide.

I also called London, toured the New York Stock Exchange, and "shadowed" at both the Fixed Incomes Currencies and Commodities and Equities Trading floors. Part of this unique program was the network made by the women at Mount Holyoke. Immediately after arriving at Goldman Sachs, I attended a reception for interns and Goldman Sachs employees who were graduates of the interns' colleges and universities. Networking with Katherine Bartholomaus '68, who is now at Goldman Sachs, was a brilliant way to learn about other divisions of the firm.

Young MHC alumnae such as Analisa L. Balares '99 and S. Lale Topcuoglu '99 also contributed so much to my experience and that of the seven other MHC students interning at the company this year. The young alumnae helped plan events, allowed us to shadow them in their divisions, and even took us out to lunch!

I've taken a great deal away from this internship. It has helped guide my thinking, as I consider whether to pursue a career in the private or public sector. I'm still undecided, but I now know that I would happily settle into a position as a financial analyst in a heartbeat! This summer, I will take the public route at an internship at the United States Embassy in Caracas, Venezuela.

Nancy Shera '78 has provided internship opportunities for more than a dozen MHC students at Goldman Sachs in the last two years.


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