Summer Internship in Mumbai – Financial Strategies – Tesseract Financial Services

May 24th, 2012 13 comments

Please note that this internship is ONLY for Mumbai based students

Finance Internship with TesseractCalling all the future Warren Buffetts. An exciting, once in a lifetime opportunity for Engineering students to work in an emerging area of Asset Management with a team with a combined experience of 30+ years with financial giants on Wall Street. This internship promises to provide an experience with the creation, testing and roll-out of investment strategies, especially from a quantitative view. The last date to apply is 10th June 2012 - hurry!

About Tesseract Services : - Tesseract Financial Services, a start-up  by an IIT Madras alumnus and an IIT Bombay alumnus, is aiming to create a quantitative asset management/hedge fund. They are working on rolling out both structured (derivative) products and quantitative stock picking strategies for onshore and offshore investors.

About the Internship: - The candidate is expected to assist the team on multiple levels including understanding strategies, checking data integrity, write-ups, Excel based financial modeling and power point presentations. The candidate will be working with financial professionals with over 30+ years experience together in global markets. This is an excellent opportunity for someone looking to do cutting-edge financial work.

Who can apply: – The candidate must be based out of Mumbai and should be able to join immediately. Any graduate or post graduate with a quantitative (Math / Engineering / pure Science) background and decent programming skills (VBA / Java / MATLAB). Curiosity about financial markets is a bonus.

Number of internships available: – 1

Location: -  Mumbai, India

Duration: - 4-6 weeks

Start date: - June 2012

Stipend : - Rs. 10,000/- per month.

Internship specific question: – Along with your application please upload  answers to the following internship specific questions (.pdf, .doc, .rtf, <1MB):-

Answer the following questions to the best of your understanding.  You will be assessed based on your approach followed to arrive at conclusions.

  1. What factors affect the trading price of an equity security?
  2. What are the various exchanges enabling secondary market trading in India? Which instruments/securities do they specialize in?
  3. Compare the following two websites:

    Record your observations (comparisons, similarities, differences, etc.) between the two sites (3-4 paragraphs/bullet points would do). Based on this, what would you seek to improve in the Indian site? What about the NASDAQ site?

  4. Technical assignment:-  Attached is a data file with call option prices on the S&P Nifty Index, downloaded from the NSE website (Click here to download the data file). Write code (in any language) to segregate the data into different worksheets, with the nearest expiry for each trading day (all strikes) in one worksheet, the next expiry in the next worksheet etc. Restrict yourself to three expiries out for every trading day.

Eg: Here’s an extract of strikes between 6000 and 6300 for one trading date Jan 2, 2012. The nearest three expiries are Jan 25, Feb 23 and Mar 29. You would ignore all the other expiries and put data corresponding to the Jan 25th expiry in a worksheet called ‘Expiry 1’, the Feb 23rd data in ‘Expiry 2’ and March 29th data in ‘Expiry 3’. You would retain all the fields shown. Repeat for all strikes and for all trading dates in the file. Be prepared to share your algorithm and code.

How to apply: - If all set, go ahead and apply here.  The last date for applications is 10th June 2012 – Hurry!

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  1. lopamudra mohanty
    May 25th, 2012 at 22:32 | #1

    sir i m in 2nd year electonics & telecommunication branch.i want to join internship ,so how i join this ,i have no idea.pls help me

  2. Ankita
    June 2nd, 2012 at 23:32 | #3

    Hi,
    I’m a student of SRCC delhi, my hometown being mumbai, so can i still apply for this one?

  3. Ankita
    June 2nd, 2012 at 23:33 | #4

    oh sorry just read the qualifications required.

  4. Aditya Bhandare
    June 12th, 2012 at 21:10 | #5

    Hi, I applied for an internship at ‘Tesseract Financial Services’. The last day was 10th June but I haven’t yet recieved any e-mail accepting or rejecting my application. Could you please check with the company or give me their contact no. so I can ask myself?

  5. Utkarsh
    August 25th, 2012 at 22:56 | #6

    Could you please provide the contact details of Tesseract Financial Services ? I need to get in touch with them regarding a business matter.

  6. DHIRENDRA
    October 31st, 2012 at 17:35 | #8

    Hi there, I am a mechanical engineer from mumbai university with good academic results. I am pursuing distance learning finance . I really am looking for an internship in a hedge fund.
    I know matlab and python is required in hedge funds, but will a decent programming skills in C/C++ be useful to get into tesseract.
    Is financial modelling required, or will i be able to learn financial modelling, will i get hands on bloomberg etc.
    please let me know asap

  7. November 1st, 2012 at 01:03 | #9

    Hi Dhirendra,

    I don’t think the language will be a constraint as long as the logic is right. I also think that you would get to learn financial modeling as part of the internship (not sure about Bloomberg bit). For now this internship is closed, feel free to apply when it opens again.

    Thanks
    Sarvesh

  8. DHIRENDRA
    November 1st, 2012 at 23:15 | #10

    Thank you very much for the reply. In the above article it says internship starts in june. does tesseract hire interns only in june because i am looking for an intenship from feb.
    i can devote about 12 weeks i.e maybe 3 – 6 months like a trainee because i am pursuing my MBA distance learning and i really need to gain some core experience in hedge funds, in the process i miht learn matlab or python. Please let me know whether there is a possibilty of an internship in february 2013@Sarvesh

  9. November 5th, 2012 at 00:33 | #11

    @DHIRENDRA
    Hi Dhirendra – You could subscribe – http://blog.internshala.com/internshala-subscribe/ to the Internshala newsletter so that whenever Tesseract announces the program next, you can come to know of it.

    Many thanks
    Sarvesh
    LinkedIn – http://www.linkedin.com/groups?gid=3932887
    facebook – https://www.facebook.com/Internshala

  10. Sujata
    January 20th, 2013 at 15:25 | #12

    Hi,
    Myself Sujata.Have complete MBA in Finance on oct.2012. I am looking Internship job in finance.please let me know whether there is an internship in febuary 2013.

 

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