Why did you choose BaltCap? Why private equity?
„To begin with, I would like to start with the fact that Private Equity is, to some extent, quite an exclusive financial sector. This is the case especially at a young age when still studying. Therefore, I believe that joining BaltCap in a Summer Internship is definitely an unparalleled opportunity to get real hands-on experience in PE at such an early stage of one’s career.“
What did you learn during the internship?
„During my two consecutive summer internships at BaltCap, I had the chance to test my academic knowledge and practice the concepts and theories learnt in university. I was most excited about further developing my financial modelling skills and working on various alternative energy projects in the biogas industry for the BaltCap Infrastructure fund.“
Who would you recommend for an internship at a private equity?
„The whole point of internships is to test whether the field that you are considering is the right fit for your career path. Hence, I advise trying out different options. For anyone out there looking for a truly engaging and meaningful internship with a lot of insight and responsibility, I would recommend applying. Joining BaltCap in its summer internship two years in a row is not just a coincidence.“
Why did you choose BaltCap for the internship?
„I applied to do an internship in private equity as I was curious about private market investing. When searching for PE funds with offices in Tallinn, BaltCap clearly stood out as the leader in the Baltic region. I figured it takes a team of intelligent and highly determined people to deliver those kinds of results and was excited by the prospect of learning from them.“
What skills did you further develop during the internship? What did the internship at BaltCap teach you about yourself and about the BaltCap team?
„The internship at BaltCap was definitely one of my most educating experiences yet. I further developed skills in financial modelling, Excel, analytical thinking, and communication. This is what makes an internship so great – learning practical skills. Additionally, I found that I enjoy the day-to-day work in a private equity firm as it is team-oriented and intellectually challenging. I was truly inspired by my colleagues at BaltCap, everyone is a team player and fully committed to their work.“
What do you think are the 3 primary skills, knowledge, or tools that a successful internship should give to a student?
„Connections in the industry. The skill of working independently. Knowledge about how the firm functions and the sector it operates in.“
Why did you choose BaltCap for the internship?
“Since I was always interested in alternative markets, I wanted to learn more about Private Equity from the inside, different investment strategies used, how investment decisions are made in private markets and gain practical experience in this field. Therefore, BaltCap, the largest and one of the most successful private equity firms in the Baltics, was a natural choice since I believe that you can always learn the most if you are working with the best and brightest people in their field. Also, past BaltCap interns’ recommendations helped me to make a choice.“
What are the three biggest lessons you learned during the internship at BaltCap?
“Personally, I have learned quite a lot at BaltCap, and it is hard to choose the top 3 lessons. First of all, it is always important to understand the company’s business model in which you want to invest. It is important to figure out if it is a winning model or it can be adjusted to become one. Furthermore, if something is unclear, ask questions to understand things better. Lastly, sometimes it is better to buy the company for a bit more than you are willing to than not acquiring it since later on, in hindsight, it can seem like a “cheap” investment.“
What skills did you further develop during the internship? What did the internship at BaltCap teach you about yourself and BaltCap team?
“The internship at BaltCap has helped me learn more about how to do financial analysis and company valuations in the private markets, market research, and evaluate good business opportunities. Furthermore, I have also improved my soft skills such as analytical thinking, problem-solving, etc. At the end of the internship, I realized that I enjoy evaluating if businesses would be a good investment, especially at a fundamental level and solving strategic challenges of various portfolio companies. In addition, I can only say good words about the BaltCap team, who has welcomed me with open arms, created space for my personal development and with whom it was always interesting to talk and discuss various things. They were indeed more than just my colleagues. “
What advice would you give to a student who is just choosing an internship: what to consider, and what are the main criteria for choosing an internship?
“Recently, I was in your shoes for deciding in which field and company I wanted to do an internship. It is essential to understand what you are passionate about and where you would like to see yourself working in the future. Also, do not forget that not only the company is choosing you, but you are also choosing them. If you make it to the interview stage, do not be afraid to ask questions to figure out what you would be able to learn and if you would fit there socially. “