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New Balance

Finance Intern Review

at New Balance

Placement (10 Months+)

Finance

Manchester

Review Submitted: June 2023

Overall Rating

4.3 /5

The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!

3/5 - Overview of Role
4.5/5 - Skills Development
4.5/5 - Support and Guidance
4.3/5 - Company Culture
4.5/5 - Overall Experience
4/5 - Future Career Prospects

Overview of Role

Please give an overview of your role and what this involves on a day-to-day basis.
My responsibilities as a finance intern at New Balance included assisting the finance team with different financial analysis, reporting, and budgeting activities. On a daily basis, I helped with data gathering and organisation, data analysis, and report preparation. I assisted in tracking spending and analysing deviations throughout budgeting and forecasting processes. Along with helping the month-end and year-end closing procedures, I also helped with reconciling financial statements, updating financial models, and other related tasks. I also worked with cross-functional teams, contributing financial knowledge and assistance with decision-making. Overall, I worked to contribute to the company's financial operations and develop expertise in the field of finance.
Were you given much responsibility during your placement / internship?
I was entrusted with specific tasks and projects that contributed directly to the finance teams objectives. I had the opportunity to work independently on assignments, demonstrating my ability to take ownership and meet deadlines. I participated in financial analysis and reporting, where accuracy and attention to detail were crucial. While receiving guidance and support from my supervisor, I was encouraged to take initiative and demonstrate my capabilities. This level of responsibility allowed me to grow professionally and gain confidence in my abilities.
Please rate how meaningful the work you were doing was
3/5

Skills Development

Have you learnt any new skills, or developed your existing skills?
I had the opportunity to learn new skills and further develop existing ones. I enhanced my financial analysis skills by working with real-world financial data and utilizing analytical tools to derive insights. I gained hands-on experience with financial software and systems, strengthening my technical abilities. Additionally, I developed my proficiency in budgeting and forecasting processes, learning how to track and analyze financial performance. Moreover, I honed my attention to detail and time management skills through working on multiple projects simultaneously. The internship provided me with valuable skills applicable to a career in finance.
How would you rate the training provided during your experience?
4/5
How would you rate your development of industry-specific skills during the experience?
5/5
How would you rate your development of personal / soft skills during the experience?
5/5
Please rate how these skills have helped you in your career development
4/5

Support and Guidance

How much support and guidance did you receive during your placement / internship?
I received excellent support and guidance from the finance team and my supervisor. They provided thorough onboarding and training, familiarizing me with company policies, financial systems, and reporting processes. I received ongoing feedback on my work, which helped me refine my skills and improve the quality of my outputs. Moreover, the team fostered a collaborative and supportive environment, where I could seek guidance or clarification whenever needed. The support and guidance I received greatly contributed to my professional growth and overall success in the role.
How would you rate the support and guidance from your line manager?
5/5
How would you rate the support and guidance from the wider team?
4/5

Company Culture

What was the company culture and general atmosphere like?
The company culture at New Balance is known for its emphasis on teamwork, innovation, and a commitment to excellence. The general atmosphere is positive, inclusive, and driven. The organization values employee well-being and personal development, offering opportunities for learning and growth. New Balance encourages collaboration and open communication, fostering a supportive and inspiring work environment. Employees are motivated to contribute their ideas and perspectives, and their contributions are recognized and valued. Overall, the company culture and atmosphere create a dynamic and engaging workplace.
How would you rate the inclusiveness of the culture?
4/5
How would you rate the social opportunities?
4/5
How would you rate the diversity initiatives?
5/5
How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
4/5

Overall Experience

To what extent did you enjoy your placement / internship?
The opportunity to work for a renowned global brand in the sports industry was both exciting and fulfilling. The hands-on experience and exposure to various finance functions provided valuable insights into the field. The supportive and collaborative work environment, along with the opportunity to work with professionals in the industry, made the experience enjoyable. The internship not only allowed me to apply my finance knowledge but also affirmed my passion for pursuing a career in finance.
Please rate your level of enjoyment on your placement / internship
4/5
Please rate how your experience met your expectations
5/5

Future Career Prospects

Please rate the future employment prospects at New Balance
4/5

Recommendations & Advice

Would you recommend New Balance to a friend?
Yes
What advice would you give to others applying to New Balance
I would advise them to highlight their strong analytical and financial skills, attention to detail, and ability to work well in a team. Demonstrating an understanding of the sports industry and the companys values will be beneficial. It is important to showcase adaptability, a proactive mindset, and a passion for the brand and its products. Additionally, emphasizing any previous experience or coursework related to finance, data analysis, or budgeting will demonstrate relevant skills. Overall, showcasing a genuine interest in the company and a willingness to contribute to its success will greatly enhance the application.
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