{"id":3731,"date":"2023-07-18T13:30:27","date_gmt":"2023-07-18T13:30:27","guid":{"rendered":"https:\/\/blog.wabash.edu\/summerinternships\/?p=3731"},"modified":"2023-07-18T13:30:27","modified_gmt":"2023-07-18T13:30:27","slug":"shippert-26-business-immersion-internship","status":"publish","type":"post","link":"https:\/\/blog.wabash.edu\/summerinternships\/2023\/07\/18\/shippert-26-business-immersion-internship\/","title":{"rendered":"Shippert &#8217;26 | Business Immersion Internship"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large is-resized\"><a href=\"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-768x1024.jpg\" alt=\"\" class=\"wp-image-3733\" width=\"193\" height=\"258\" srcset=\"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-768x1024.jpg 768w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-225x300.jpg 225w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-1152x1536.jpg 1152w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-1536x2048.jpg 1536w, https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-scaled.jpg 1920w\" sizes=\"auto, (max-width: 193px) 100vw, 193px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">This summer, I participated in the Business innovation program through the CIBE at Wabash<br>College. As an intended Financial Economics major, one of my favorite alumni to learn finance<br>from was Zack Carl &#8217;18. On the first day, I learned about different jobs that involve Finance, such<br>as Corporate Finance, Investment banking, and Asset Management. Then Zach helped me and<br>my fellow interns sharpen our Excel skills. We started with the basics and then moved on to<br>more complex topics, including Index Match Match, V-lookup, and Pivot Tables.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the second day, Zach taught us the different financial statements and how to break down<br>each one. He taught us COGS, Revenue, Gross Margin, Operating expenses, and more for<br>Income statements and explained how each of these terms affects the financial health of a<br>business. Next was Balance Sheets, which shows a business&#8217;s assets, liabilities, and owner&#8217;s<br>equity as of any given date. Finally, Zach taught us Cash flow statements and how these<br>statements show how cash enters and exits a company during an accounting period.<br>After learning all this information, I used it as the CFO of the company I pitched at the end of<br>the program. When putting my financial model together, Zach helped me in person with parts<br>where I was struggling. He also offered to review my financial model via Zoom before I gave my<br>pitch. I appreciate all the time and effort Zach has put forward to teach me and my fellow<br>interns about Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This summer, I participated in the Business innovation program through the CIBE at WabashCollege. As an intended Financial Economics major, one of my favorite alumni to learn financefrom was Zack Carl &#8217;18. [&hellip;]<\/p>\n","protected":false},"author":191,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122,5],"tags":[],"class_list":["post-3731","post","type-post","status-publish","format-standard","hentry","category-2023-summer-internships","category-cibe-internship-program"],"w_featured_image_url":"https:\/\/blog.wabash.edu\/summerinternships\/wp-content\/uploads\/sites\/8\/2023\/07\/Schippert-MicrosoftTeams-image-2-768x1024.jpg","_links":{"self":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/3731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/users\/191"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/comments?post=3731"}],"version-history":[{"count":1,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/3731\/revisions"}],"predecessor-version":[{"id":3735,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/posts\/3731\/revisions\/3735"}],"wp:attachment":[{"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/media?parent=3731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/categories?post=3731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.wabash.edu\/summerinternships\/wp-json\/wp\/v2\/tags?post=3731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}