Business Tax Services Transaction Economics Group Intern (May 2024)

About EY

EY, a leading global professional services organization, is dedicated to building a better working world. With a strong commitment to quality & integrity, they offer a wide range of services including auditing, consulting, & tax advisory. Through innovative solutions and a diverse team of professionals, they help clients navigate complexities & drive sustainable growth in today's dynamic business landscape.

Your role

Their Transaction Economics Group (TEG) specializes in the analysis of structured financial transactions covering a variety of industries. Drawing on their academic background in economics and finance, as well as their substantial industry experience, they work closely with their clients and alongside other groups at EY, including M&A, Capital Markets, Partnerships/Joint Ventures, and International Tax. As part of this group, you’ll utilize a wide range of financial and economic modeling techniques, including cash flow modeling, derivatives pricing, term structure modeling, statistical analyses, debt-equity analyses, risk-return analytics, and risk management techniques.

Your typical day will involve working in small groups on projects with internal or external clients. You’ll be heavily involved in drafting formal deliverables, running economic models, developing customized financial models, researching business and capital markets trends, and speaking to your findings. On top of this, you’ll be exposed to companies across various industries and located around the world, learning new things every day. They’ll look to you to get familiar with certain tax policies and their implications and to build your knowledge around research tools and resources so you can speak articulately about a business, industry, or market development.

Your key responsibilities:

• Assisting in the preparation of financial models and other tools that help their clients execute a variety of financial transactions, including asset acquisitions, disposition deals, capital structure transformations, and corporate reorganizations.
• Applying the principles of corporate finance to assess the economic implications of the particular deal structures. 
• Preparing reports and client presentations.
• Working at all levels of transaction structuring and execution, from evaluating alternative structures and bids through closing.
• Compiling documentation related to each analysis.

Training & development

Here at EY, you’ll have the chance to build a truly exceptional experience. They’ll empower you with the latest technology, surround you with high-performing teams, and provide the global scale and diverse and inclusive culture you need to discover your full potential. Through their coaching and training programs, you’ll develop the skillsets you need to stay relevant today and, in the future.

Salary & benefits

The hourly pay range for this job is $29.81 - $60.10.

What’s in it for you:

• Accelerate your technical capabilities and transformative leadership skills with future-focused courses and development programs.
• Broaden your horizons by working on highly integrated teams across the globe and collaborate with people of diverse backgrounds - both professionally and culturally.
• Bring out the best in yourself with continuous investment in your personal well-being and career development.
• Develop your purpose and help them create a positive ripple effect on their teams, business, clients, and society - building a better working world, together.
• A competitive compensation package where you'll be rewarded based on your performance and recognized for the value you bring to their business. 

Career progression

At EY with energy, drive, and imagination, there’s no limit to where your career can go. Mentored by industry leaders, they navigate through a culture of innovation, gaining insights and skills pivotal for ascending into consultant positions. This nurturing environment paves the way for interns to evolve into future leaders, embodying EY's commitment to building a better working world.

Work-life balance

EY Way of Work recognizes flexibility in the way they collaborate, innovate, and deliver with the ability to work in-person and remotely. To support a healthy and safe in-person working environment, EY has implemented various layers of health and safety controls while working in the office or at clients or other locations. EY helps you get your work done responsibly and flexibly while managing your busy life.

Culture & vibe

EY is committed to helping diverse talent thrive, whether it’s through their support for working parents, their innovative approach to student recruitment, or targeted action to level the playing field for women and ethnic minorities. Diversity and inclusiveness are at the heart of who they are and how they work. EY is committed to fostering an environment where differences are valued, policies and practices are equitable, and people feel a sense of belonging.

About you

What they look for:

• You have an agile, growth-oriented mindset. What you know matters. But the right mindset is just as important in determining success. They’re looking for innovative people, who can work in an agile way, and keep pace with a rapidly changing world.  
• You are curious and purpose-driven. They’re looking for people who see opportunities instead of challenges, who ask better questions to seek better answers that build a better working world.  
• You are inclusive. They’re looking for people who seek out and embrace diverse perspectives, who value differences, and team inclusively to build safety and trust.   

Qualifications:

• Working towards a bachelor’s or master’s degree with a concentration in Economics, Finance, Operations Research, Financial Engineering, or Statistics; supported by a strong academic record.
• Proficient with MS Office, including MS Excel, MS Word, and MS PowerPoint.
• Demonstrated writing, analytical, and problem-solving skills. 
• Effective organization and time management skills with the ability to work under pressure and adhere to project deadlines. 
• Programming skills (VB and/or Matlab), and familiarity with other financial software packages.
• Familiarity with Bloomberg data terminals and other market research tools and exposure to fixed-income analytics and option pricing models is a plus.
• The ability and willingness to travel and work more than standard hours when necessary.
• Access to reliable transportation to/from the EY office and client sites. A driver’s license is strongly recommended as ride-share and public transportation options may not be available in all locations.

Sources

The following sources were used in researching this page:

• ey.com/en_us/careers
• youtube.com/@ernstyoung