Archive for Andreas Maerki – Page 2

J-Termer Experience

First of all, J-Term/J-Termer is not an official name at Columbia University; however my group of 60 students who started in January of 2013 is called “J-Termers” within SIPA. The “J” stands for January, since that’s the month when we started our program. Compared to the fall term start, our group is much smaller and more exclusive.  🙂  I chose to start in the spring semester, because two main reasons. One, it worked out with work; two and the important one, I knew starting the two year program in January will allow me to do two internships over the two summers. Having more practical experience will be valuable when applying for jobs after graduating from SIPA. Also, I think especially if one wants to transition into another field, having two summer internship opportunities will be a great asset to acquire specific industry knowledge that one can bring to the table when applying for that full-time job after SIPA. And for the students who may not know exactly in what field they want to pursue a career in, the two internships will allow them to explore two different fields before making a decision. My previous professional experience is in Private and Investment Banking and I am looking to move into a more macroeconomic and risk analysis career. Therefore, having a couple summers will allow me to gain the appropriate tools to successfully make this transition.

The curriculum for J-Terms is exactly the same as for any other students starting in the fall semester; however the courses have a slightly different order, which may pose a challenge to some students. I personally don’t think this is a significant issue, especially with the assistance of the Student Affairs Office and its Deans. Since our group is small compared to the group in the fall, all concentrations were in the same group during orientation. This was especially interesting since I not only got to meet my fellow IFEP’ers (International Finance and Economic Policy folks), but also students from all the other concentrations, which will enhance the opportunities to connect with interesting people that have different backgrounds and professional goals.

Another point that may mistakenly be held against starting in January is the opportunity to be a TA (Teacher’s Assistant) or receive fellowships/scholarships. From my experience this is a misconception; since many of my classmates received summer scholarships and fellowships for the fall semester (only after a semester into their studies). Receiving such scholarships/fellowships depends on your grades, performance and initiative.

Bottom line; the students who start in January may (at most) have to be a little more flexible since some first semester courses will only be offered during the J-Termer’s second semester; however that said if you are a go-getter and don’t mind taking the initiative then the J-Term is a great way to get your degree at SIPA. So far, I am very satisfied that I am one of the J-Termers and look forward to meeting you at SIPA.

 

posted by Andreas Maerki, MPA 2014, International Finance and Economic Policy (IFEP)

 

 

Summer Internship at the U.S. Treasury

I just returned from DC to NYC and from a great summer at the Department of the U.S. Treasury. Working as an International Economist Graduate Intern in the Office of South and Southeast Asia was a great opportunity to work with intelligent and smart professionals. My previous professional experience has been in the private sector and therefore gaining the understanding of how the government works was a valuable experience. The Treasury is the official source for the White House to receive advice on domestic and international economics, finance and budget related issues.

US Treasury

This summer, approximately 165 interns from colleges and universities across the country contributed their time and expertise in a variety of roles throughout the Treasury Department, working in the offices of International Affairs, Economic Policy, Domestic Finance, and more.

It is great to know that my analysis of macroeconomic trends, briefings about financial markets, country and systemic risks in South and Southeast Asia supported senior officials with policy making for the United States at home and abroad. I was assisting the desk economists of India, Indonesia and Myanmar. It was a very busy summer, especially after the Fed’s announcement of potential “tapering”. The markets experienced a great sell off and funds outflow from the emerging and frontier markets in the South and Southeast Asia. Specifically, India and Indonesia suffered a great weakening of their currencies, a widening of the BOP deficit, and a slow-down in the growth rate.  These market movements required our office to determine the overall risk of these affected countries to the world economy in general and to the United States in specific. The active markets helped me to get involved in many great projects with quick turn-around times and therefore get lots of valuable hands on experience.

US Treasury Secretary, Jacob Lew

One of the highlights was that we got to meet and take a group picture with Treasury Secretary, Jacob Lew. During an internal event we also had the chance to see the Fed Chairman, Ben Bernanke and U.S. Vice President Joe Biden. I highly recommend the U.S. Treasury as a place to do a summer internship and get practical experience to contribute to significant and meaningful work. Best of all is that this internship confirmed my interest to pursue a career in country/sovereign risk analysis. Still left to determine is if it will be the private or the public sector.

DC was also a great city to explorer after work and over the weekends. Happy hours and cultural events are very popular and a great way to connect with other interns and Washingtonians. DC is different than NYC and therefore great to spend some time there. I enjoyed the city a lot and made many great new friends as well as deepened my network with existing SIPA colleagues and Alumni, who also got to spend the summer in our capital.

The U.S. Treasury (main building), main entrance

The U.S. Treasury (main building), main entrance

The National Mall and the U.S. Treasury (Main building) to the right

The National Mall and the U.S. Treasury (Main building) to the right

Andreas Maerki is a MPA degree candidate who joined us this spring as a J-termer and will graduate in 2014.  He is concentrating in International Finance and Economic Policy (IFEP) at SIPA.

 

"The most global public policy school, where an international community of students and faculty address world challenges."

—Merit E. Janow, Dean, SIPA, Professor of Practice, International and Economic Law and International Affairs

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