I am Adrika Das, currently in my third year (after second year when I did the internship). In my second year summers I interned at Deloitte as a Regulatory and Financial Risk Intern. This article gives an overview of how I got this internship and my experience during those two and a half months.

About the Internship:

Company: Deloitte
Role: Regulatory and Financial Risk Intern
Duration: 12th May - 25th July, 2025
Mode: On-site
Company Type: MNC
Department: Strategy, Risk and Transactions

How I Got the Opportunity:

I secured this opportunity through cold emailing completely. I targeted partners at the top of the corporate hierarchy throughout Mumbai, which proved to be an effective strategy.

Selection Process:

• Aptitude test (basic maths, stats and English)
• Interview round

Preparation: No specific preparation apart from usual resume preparation. Companies generally don’t expect prerequisites from second year interns - the IIT Bombay tag is usually sufficient.

Previous Experience That Helped:

• Noqs Digital internship (an IIT Bombay startup)
• Various projects that strengthened my application

Primary Responsibilities:

Main Project: Developing credit risk models for Deloitte

• Completed 2-3 Udemy courses on credit risk modelling using Python
• Used Jupyter notebook for implementation
• Created training assets for new Deloitte employees in Strategy, Risk and Transactions department
• Applied linear regression, logistic regression, and other ML concepts

Additional Work: I proactively approached another partner for more work opportunities:

• Model validation on various scorecards for two client banks
• Assisted an NBFC with regulatory circulars
• Client-facing work experience

Work Culture & Experience:

Onboarding: Smooth month-long process via emails and calls with HR flexibility

Work Environment:

• Excellent opportunity to interact with experienced professionals face-to-face
• Professionals were excited to teach finance concepts
• Team based in Hyderabad and Bangalore (limited direct interaction)
• Strict corporate environment (formals required except Fridays)

Key Learnings:

Technical:

• Developed strong interest in finance
• Learned that finance is incredibly diverse with extensive learning opportunities
• Gained hands-on experience with credit risk modeling

Non-Technical:

• How to conduct myself in a strictly corporate environment
• Overcame initial hesitation about approaching senior professionals
• Developed confidence to ask for help and insights
• Enhanced personality and communication skills

Career Impact:

This internship significantly increased my interest in finance and helped clarify my career direction toward the finance domain.

Recommendations for Juniors:

Tools for Outreach:

• Apollo.IO (if functional)
• PowerLead
• ContactOut
• Gmail with Streak extension

Strategy:

• Always email people at the top of corporate hierarchy (Partners, Senior Management)
• Target 10,000+ emails if necessary
• Don’t get disheartened by low response rates

Advice for First-Time Interns:

Application Phase:

• Don’t be disheartened if you send thousands of emails with few responses
• Second-year internships have a significant luck component
• Leverage connections without shame if available

Important Reality Check:

• Brand tags matter more than actual work for future recruitals (except tech roles)
• 90% of students landing big firm internships have leveraged connections
• Don’t compare yourself with others who may not be truthful about their methods

Common Misconceptions:

• Future recruiting: Recruiters do value brand tags more than internship work (except tech)
• Success stories: Most people with prestigious internships used connections, not just cold mailing

Core vs Non-Core Decision:

Recommendation: Follow your interests. If interests aren’t developed, branded firms like Big Four are safer options as they have multiple departments.

Final Advice:

For on-site internships, extract maximum value from colleagues and higher-ups - not just knowledge, but also networking and connections.

Contact Information:

• Email: 23b2171@iitb.ac.in