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Established in 1988 as a 'hedge fund company' and once described by Fortune Magazine as, “The most intriguing and mysterious force of wall street”, it's none other than 'D.E. Shaw & Co.'
This is a place known for giving its employees the utmost importance and value. DE Shaw and co. is a renowned American financial institution headquartered in New York.
It has overseas offices in many countries, and India is not an exception. D. E. Shaw India works in an exciting area where finance and technology development intersect.
It has in this way broadened its horizons, and that's why it is regarded as one of the best places for CA industrial training for various professionals like CAs, MBAs (Finance), PGDM diploma holders, CFAs, and other technical professionals like B.tech and BE holders.
In the simplest way possible, given here is the most relevant information you need to know to be a part of DE Shaw.
CA Industrial Training at DE Shaw
For your reference, here's an example of the notification released by DE Shaw to seek industrial trainee applicants in Hyderabad.
“We are seeking an industrial trainee to join our Financial Operations (FinOp) group, which is based in Hyderabad, India. Financial operations are a critical component of our global operations. Compilation of financial statements for shareholders and other stakeholders, computation of different performance returns and fees, tax collection and planning, cash management for management company entities, and regulatory filings are just a few of the group's core responsibilities, all while driving technological systems to computerize and enhance these commitments.”
Innovation, careful risk management, and the quality and depth of its staff have earned DE Shaw, an international reputation for successful investing. They invest in a diverse range of companies and financial instruments in both developed and developing economies. Being part of it as an intern is a good idea, and if there is a way to be there, let us jump on it.
How to Apply for CA Industrial Training at DE Shaw
Quite simply, you just need to go to the official website of DE Shaw and fill out a form. To apply, select the internship position that best fits your qualifications: CA intern, CFA intern, finance or accounting intern, hardware intern, or software intern. You can contact Careers@DEShawResearch.com if you have any questions about their open positions or the hiring process. Interested students are encouraged to apply in the fall, as they evaluate applications on a rolling basis.
There will be an interview with two to three rounds, which is actually a hard nut to crack, but those who are passionate about their subjects and are ready to learn can surely win. The application process is tough, but the rewards waiting for you at the end of the line are surely worth it.
What to do in the training
Well, whatever you do at training must be from a learning point of view. As a CA, you will get real-life scenarios to work on and exposure to real-world problems in real time. Assume you work in the finance department. As finance is a large and important domain for CAs, financial operations are a critical component of their global operations. The industrial trainee may be assigned to one of the three teams below.
Financial Statements
Prepare, review, and file hedge fund and private equity financial statements (using US GAAP for Investment Companies) and other regulatory reports on a regular basis.
Tax:
Prepares tax forms and schedules for hedge funds and private equity firms. Assist the tax planning team in increasing after-tax returns.
Accounting for Management Companies
Manage all management companies' accounts payable, bookkeeping, statutory compliance, and auditing. The accounts payable team is in charge of processing invoices and reimbursements as well as keeping track of daily accounts.
Who Can Apply (Whom they are looking for)
Well, there is no specific requirement as this company believes in diversity. There is an internship for everyone, after all, it is a skill that counts the most. Irrespective of courses and streams, if you gain relevant skills and a passion for learning, they welcome you. However, the finance and auditing-related domains are a bit risky and full of great responsibility, where a little mistake can cost a lot. The following specifications about an DE Shaw CA industrial training position will make it clear.
- They look for chartered accountant industrial trainees who have completed at least two years of articleship with a large audit firm to join their Financial Operations group in India.
- The ideal candidate will be self-driven, possess strong accounting and analytical skills, and pay close attention to detail.
- Excellent written, oral, and interpersonal communication skills are required.
This is why In 2021, the D.E. Shaw group's two largest funds generated strong returns. According to a source familiar with the firm's results, the D.E. Shaw Composite Fund, the firm's flagship fund, generated an estimated net return of around 18.5 percent in 2021, just shy of its 19.4 percent return in 2020. The workforce behind it and its great working environment are the forces behind it. Moreover, the values of the company are there to promote positivism and motivation in the employees, and with this, let us jump to the ethics of the company.
The ethics of the company
The D.E.Shaw group believes that their employees' diversity is essential to their strength and success. They are committed to assisting their employees in both work and life, which is why They provide benefits to all full-time employees, including a family planning and surrogacy program and a charitable gift match, as well as fantastic perks to CA trainees.
As The starting salary at DE Shaw is determined by the position you are applying for. The minimum salary for an Associate is 8.7 lakhs per year, for a Financial Analyst it is 14.9 lakhs per year, and so on.
Their staff-led affinity groups are also important members of the community, helping to celebrate diversity, promote leadership and development opportunities, and facilitate inclusive mentorship.
Concluding note
D. E. Shaw India Private Limited ("DESIS") is a subsidiary of the D. E. Shaw group, a global investment and technology development firm founded in 1988 with over $43 billion in the capital as of July 1, 2017. It has offices in Europe and North America. It has various types of internships for various professionals and has a strong DE Shaw CA industrial training program for CAs.
The process of applying for an internship is easy. This company promotes diversity and welcomes interns from different ethnicities and cultures. As an intern, you'll work on complex projects with a team that has a direct impact on the firm's business and processes.
I hope this information shall prove useful to you in furthering your career goals.
Thanks for reading!
