Posted on Monday, July 14, 2014
Working under the president of Markit, Kyle Zaverton '15 gained unique insight into high-level decision-making at a leading global provider of financial information services.
Throughout the summer, Zaverton, a dual major in mathematics and economics, created a report for the Asian management team in order to track the company's status within the Asia Pacific region, which he then submitted to the company's leadership.
"Going into the summer I knew that my project was going to deal with management reporting in the Asia Pacific region, but I had no idea that I would be working so closely with Kevin Gould, the president," Zaverton says. "I am just trying to learn as much as possible and contribute where I can."
Beginning his internship at Markit's New York office, Zaverton was present when the company made its initial public offering.
"There was a lot of energy in the office as we were able to watch the senior management team ring the NASDAQ opening bell," says Zaverton.
Markit, which has offered internships to HWS students and has hired more than a dozen alums, employs about 3,000 people worldwide, with offices in London, Chicago, and New York. The company provides independent data, valuations and trade processing in order to enhance transparency, reduce risk and improve operational efficiency across all asset classes. Its client base includes several significant institutional participants in the financial marketplace. The company has won numerous awards for its investment in product innovation and technology development.
While he worked in New York, much of his job consisted of collaboration with teams in India and London.
"My mornings usually consisted of phone calls and emails to the teams in each of these locations when they are still in the office and can respond quickly, while my afternoons tended to be used to organize the information from that morning and develop questions I need to follow up with for the next day," Zaverton says.
Once he moved to the office in Singapore, those communication challenges were minimized, but Zaverton's time in New York "certainly has been a valuable experience in itself," he says.
In Singapore, he gained critical international exposure to Asian markets and cultures, as well as and hands-on experience in strategic planning, specifically how to develop a new market.
His internship concluded with one week in London, where he presented the findings of the project and offered recommendations for future actions to members of the company's senior management team, including Markit's chief operations officer, HWS Trustee Calvin "Chip" R. Carver Jr. '81, who outlined the project Zaverton would work on this summer.
"International business experience is invaluable," says Zaverton, who, after graduation, plans to build on his Salisbury experience, continuing to work in the business world before pursuing an M.B.A. "More and more companies are looking for candidates that have some type of international exposure. Overall, this summer will go a long way in providing me with the skills and experiences necessary to pursue my long-term career goals."
Zaverton blogged his Salisbury Stipend experience here.
The Salisbury Stipend is one of the most ambitious programs in the Colleges' history. Created in 2007 by Honorary Trustee Charles H. Salisbury Jr. '63, P'94, L.H.D.'08, former chair of the HWS Board of Trustees, the fund provides financial support for each of three students interested in pursuing an international internship experience in a location of the student's choice. By supplementing classroom education with internship experience, students gain a practical understanding of the demands and rewards of future career opportunities as well as an opportunity to test their skills and realize their potential.