How Kamal Tej Tallam acquired knowledge in Risk Management and Audit framework?
How your internship helps you to have experience in the development of Financial Instruments? How your summer training makes you explore learning’s in Risk Management and Audit Frameworks? How do you best acquire knowledge from your internship?
In this special series of ‘MBA Internship Experience’, Careers360 brings insightful experiences from Management students, who learned strategies and applied theories to successfully complete their internship projects.
Kamal Tej Tallam of XLRI Jamshedpur completed his Summer Internship from World Bank (IBRD), Chennai, and learned the requirement of multitude financial needs by the governments along with the understanding of how the strategies are implemented in the real world.
Kamal within his short duration of the Internship, learned about Risk management, process Review and Audit controls framework. He also shares his experience of acquiring knowledge on how the financial instruments are developed.
Read the interview to know the insights.
Careers360: Where did you complete your summer internship from? What was the size of the company?
Kamal Tej Tallam: I completed my Summer Internship from the World Bank (IBRD), Chennai. The organization has a human resource of 500+. The International Bank for Reconstruction and Development (IBRD) aims to reduce poverty in middle-income countries and credit worthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services
Careers360: Please share your project summary.
Kamal Tej Tallam: The details of my project are confidential regarding the unit of work and nature of the project. But broadly, the project was a risk management, process review, and audit/controls framework development related.
Careers360: Were there any key challenges that you faced while doing your internship?
Kamal Tej Tallam: Making me aware of the bank processes was the first challenge. I was expected to add-on to it. So a working knowledge of the business units was an important thing. Such things are not taught in curriculum of any course. I began by reading up lot of business unit literature and bank internal documents (process, costing, risk profiles etc.). The workings are very different from what one might think to know about banks in general (ICICI, HDFC etc.). The goals and motives are very different and hence the approach and the end result that is expected from you.
Careers360: What were your key learnings while doing the project and overall learning after completion of your internship?
Kamal Tej Tallam: I got a first-hand look into the projects which involved governments, bureaucrats, large scale investments to support/build a nations’ infrastructure. There was a gamut of clever financial instruments developed, to cater to the multitude financing needs that governments may require. Understanding how they came about, how they are implemented in the real world was a very enriching experience.
Careers360: How did your corporate mentor at internship help you execute the project?
Kamal Tej Tallam: I got extensive help from the mentor and the team. I was also provided with SPOC for any other business unit, into which I wanted to enquire about. Even small doubts very patiently attended to, and I was encouraged to ask questions. Team was very helpful in sharing documentation, and their thoughts and learnings. Apart from my own work, I was also told about the work they carried out and challenges they faced on day to day basis.
Careers360: How was your interaction with other employees during your internship period? Would you like to come back to the place for a job?
Kamal Tej Tallam: My co-interns were a delight to work with. They were quite an intellectual bunch, and it was interesting to bounce ideas of one another. I would definitely like work there if given a chance.
Careers360: Share a memorable incident from your internship days.
Kamal Tej Tallam: There was a specific audit framework to be developed. I took it up as a thought experiment to see, if such a framework could be implemented. Over a period of 15 days, I came with ideas and took the opinions of the team in this regard, and made several revisions to the framework document. I finally presented it to my mentor for feedback. I was made to present it to the department of business unit. I wasn’t expecting this kind of platform to be given early on and it was a highly informative experience. I got inputs from various members, and also presented it to a visiting panel from Washington (HQ) as part of my final presentation.
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Questions related to XLRI
i have 61% in my 12th can i get top b school like sp jain ,xlri,fms or iims or good b schools in abroad?
Let me make one thing clear. The only thing that you can stop you from getting admission in these reputated institutions is the same who can get you admission. It is you.
Always remember your will power is the one standing between you and your admission in these colleges.
Now you have already appeared for 12th and youu cannot change that. What you can change is your tenacity and your urge to succeed.
Now I am not a motivational speaker, but you need to realize that if you preapre well and score high marks and acheive high rank, you will definitely get admission in these colleges.
Prepare well, give your best and hope for the best. You will definitely get admission and have a great career.
Hope this helps!
how can I get admission in XLRI JAMSHEDPUR
Hope you're doing well.
XLRI Jamshedpur conducts its own entrance exam called XAT-Xavier aptitude test, which is followed by an interview and GD.
If you qualify it with a good percentile, you will get a call from the institute for the next step, the interview. However, the selection depends on many factors :- your academic history and background, number of candidates for the exam, etc. You need to have a strong academic background for selections here. It is one of the top B-schools in India.
Subjects to cover for XAT:-
1. Logical reasoning
2. Quantitative aptitude
3. Verbal and nonverbal ability
4. Data interpretation
There are various books available for XAT preparation. You can refer to them. And, don't forget to solve last 10 years' question papers for practice.
All the best:)
Hii, i just want to know that could i get in between fms or xlri . i am from non-engineering background and i have score in 10th is 71 and in 12th is 53 and cat score is 95 percentile . mostly i want to go fms , could i get it ?
Sorry to say but the academic score you have mentioned is pretty low. And as you have not specified your category I am considering it to be Open category and I am answering according to it. The FMS cut off for general category usually ranges from 97 and above percentile. So I guess it might be difficult for you to get a call from FMS. As far as XLRI is concerned, you will have to quality XAT, conducted by the college itself, to be eligible for admission.
Hope that helps.
Can you tell me how much percentile required to get into SP Jain, NITIE Mumbai, and XLRI? Is there any chance of mine getting into an IIMs or any other goverment colleges if yes my academic records are X - 60.8% , XII - 63.6% And UG - 72.77% .
Basically to get admission in top IIM'S you will have to get at last 99 percentile or above, still there is no guarantee that you will achieve it.
Yop IIM's follows two different set of rules. One for Initial calling and otehr for Final Selection. For Initial calling they give 35%-40% weightage to your previous credentials and 60 to 65 to CAT score.
For Final calling they give 10% -20% only and remaining is given to GD, PI and CAT score.
For XLRI you will have to XAT. For SP Jain you need 90-92.
All the best!!
I got 91%/58%/62% in 10th,12th and graduation respectively. I am from SC category. can it be possible to convert admission into any of iims, fms and xlri? how much i will get from 5% of my 12th with 58% marks?
IIms. XLRI and FMS are the top management colleges of India which provide approx 90% campus placement. Most of the students are willing to get admission in these college as these are the best. IIMs are taking students from CAT and XLRI and FMS take the students from their own entrance exam.
Getting admission in management college not only depends on your entrance exam results. It comprises of different curricular activities like Group Discussion, Personal Interview and some colleges also set some points on 10, 12 and graduation marks of the students.
As your 12th and graduation marks are no so strong but you can still get admission in these college, Firstly you have to crack their entrance exam so that they allow you to appear in GD and PI. If you have good speaking as well as thinking skill then you definitely cracks their GD and PI. So don't panic for your less marks in 12th and Graduation. Never loose your hope.