Daniel’s Career Advice: As you can see, an internship at Allianz is a very exciting time and I would not trade it for anything. So my advice to you is: Send an application as soon as possible. Just do it!
First, tell us a little bit about yourself:
I’m Daniel from South Tyrol, which is one of the northernmost regions in Italy near the Austrian border. I studied Economics and Management at the Free University of Bozen/Bolzano, where the subject matter is taught in three languages (Italian, German and English). More than one quarter of the lecturers are from foreign countries, and also some well-known professors teach at the small university in the middle of the Alps. As I always have always liked working with numbers, I chosen a course in the field of economics. During my studies I was especially interested in subjects like Mathematics of Finance and Corporate Finance.
I was studying close to my hometown, a small village in the Dolomites. Because of this, I could continue practicing my favorite hobby, which is playing football. It was a very good after-study activity and made me even more ambitious. I also love swimming during the hot months and skiing with friends in the winter.
How did you first get interested in interning at Allianz? Describe your experience applying for your internship.
I have always dreamed of working for one of the biggest companies in the world, because I am fascinated by their dimension and organization. In addition, I knew that interning at Allianz would be a unique experience for me, and I wanted to meet new cultures and establish connections through networking, which will be very helpful later on.
A friend of my family who works at Allianz advised me of the possibility to apply for an internship, so I inquired about the necessary application documents and sent them immediately to the company. Then everything went very fast: after a phone call and several emails, I am now working for Allianz Deutschland AG in the Investment Accounts Property & Casualty department.
What is your average workday like?
My unit is in charge of the accounting and closing activities for capital investments according to the German Commercial Code and the International Financial Reporting Standards. On a typical day I bring to account the financial transactions of the capital investments. I was impressed most by the high amounts of the different operations: every number is either a million or billion. However, the most interesting part of our work comes at the end of each month, when we have to do the closing activities like valuation and reporting for the indicated funds. The IFRS framework, especially the fair value measurement, plays a key role and carries great weight in this task.
What do you most enjoy about working for Allianz?
My first impression of Allianz was excellent. I was met with an extremely kind reception from my colleagues, who have given me deep insight into the “real life” of Allianz. I am able to work very autonomously, and all my workmates, including my supervisor, have shared so many fascinating things with me and taught me so much, even though I have only been here for three months. Despite the large size of the company, it is not so difficult to meet other interns and working students, because there is a collective lunch every month and a lot of after-work activities. I also think that Munich is a very lovely city with lots of green areas, which is what I like most. My favorite is the Englischer Garten, where you can sit in one of the several beer gardens, drink a so-called “Helles”, and enjoy a sunny day.
written by Daniel Burger