Rotations on the Analyst Program – Jannis Wilmink
During my first 6 months at MUFG, I completed two rotations, each lasting four weeks. My first rotation was with Legal and my second one was with the Credit Trading and Sales team.
My final placement in the Analyst Program is with Debt Capital Markets (DCM), but, in order to get a better understanding of the different divisions and how they interact with each other, I had the chance to do these two rotations. Both rotations were a steep learning curve and I learnt a lot – all of which has helped me with my day-to-day work in DCM.
With the Legal department I was mainly reading different EMTN programs to develop a better understanding of bond issuance programs, what they look like and the key aspects that need to be disclosed. As this forms an important part in every bond issuance, I had the chance to learn about the relevant components, applicable for my later role in DCM.
In my second rotation with the Credit team I was shadowing traders and sales people with different regional and product focuses. This gave me huge exposure into how MUFG directly interacts with clients, and what to consider when they price their trades. I was working on different projects, helped provide pitch materials for clients and roadshows and developed a good understanding of market sentiment. Understanding investor appetite and how economic events may impact the markets was a valuable lesson during this time.
Now that I am back in DCM, I can say that the two rotations were exceptional. Apart from the work experience, the rotations helped to increase my network at MUFG and to get to know the people that I only knew via email before. It was very well organised and perfectly integrated in the Analyst Program. The whole Analyst Program so far has definitely met and gone beyond my expectations.
I would strongly recommend the Analyst Program to you, if you are willing to be proactive, are keen to challenge yourself every day and want to learn as much as possible.