Internship Program

Executive Summary
Bank of Tokyo-Mitsubishi UFJ (BTMU) is one of the worlds largest banks as ranked by
either market capitalization or assets and operates one of the largest banking portfolios in
the United States. This US banking business consists of a wide variety of business
activities such as: Corporate Banking, Currency, Interest Rate and Credit Trading, Asset
Securitization, etc.
The New York and New Jersey offices of the bank, with over 1,200 employees, is pleased
to continue to offer a number of paid internship opportunities each year. The internship
affords students with a chance to not only learn and contribute to the bank within a
specific bank function, but also to gain an understanding about the banks various
business activities through a structured series of lunch meetings and presentations by the
banks various senior managers.
In addition to the chance to operate as an integral part of the organization while learning
about the bank and banking as a whole, a main benefit of the program is that it provides a
chance for both the student and the bank to determine if, after graduation, there is a
mutual fit, thereby possibly leading to full time employment opportunities.

Eligibility
Generally, the bank accepts incoming Junior (junior level in the subsequent Fall
semester) or higher students to a 10 12 week paid summer intern program. The
program commences approximately at the beginning of June and concludes in midAugust, though some internships are longer/shorter.
While there is no specific criteria or rules with regards to eligible majors, internship
candidates should recognize that the bank will target certain skills (usually found in
certain majors) to fill positions. For example, if the Risk Management Division has a
summer internship opportunity that largely consists of statistical analysis of market data,
it will likely target students in majors requiring strong analytical skills, such as
Economics, Math, Physics, etc.

Program Details
Interns will be hired by the bank for an opportunity to learn and work for the duration of
the program in a certain function. However, one of the goals of the program is to also
provide the intern with an understanding of the banks overall operation. As a result,
each intern will be part of a broader program that has been established in recent years to
expose each intern to the many facets of the Bank.
A main goal of the Program is to help the interns learn about the many areas of the Bank
outside of their daily activities. As such a feature of the Program is weekly lunch

meetings with different departments from across the Bank. Each meeting hosts a few
representatives from the various groups and is intended to provide a broad overview of
the groups responsibilities, but also its role within the Bank. The speakers also frame
their role in relation to the interns departments, so the interns understand how their tasks
affect the complete operation of the Bank. Plus, interns get a free lunch every week.
In addition to these lunches, the interns are also invited to meetings with several senior
executives. The Chief Risk Officer or the Head of Corporate Banking of major
international banks are not easily accessible to many of their employees. In general, it is
rare that interns would have any interaction with upper management. We are incredibly
fortunate at BTMU that our senior executives are eager to meet with the summer interns
and provide their unique perspective on the Bank and the industry as a whole. As part of
the Program, interns will enjoy the unique opportunity to participate in these meetings, as
well as open invitations to follow up with these important members of Executive
Management.
More than just meetings, the Program includes field trips that are intended to both
provide a broader understanding of financial markets and give everyone a short break
from the office. In the past this has included a tour of the Gold Vault at the New York
Federal Reserve and a trip to watch the NASDAQ opening ceremony. There is also a
concerted effort to include food for these trips.
Finally, the Intern Program is a medium for the interns to network and make contacts
amongst themselves. This is a great way to meet like-minded contemporaries who will all
be entering the world of banking and finance around the same time. By learning about
each others experiences in and out of the Bank, interns gain a fuller understanding of the
industry and the working world valuable lessons that cant be taught in a lecture or
meeting room.
While every department is responsible for fulfilling its own intern needs and assigning
tasks to the interns, there is a determined effort across the Bank to make each intern a
dynamic part of their team with interesting projects, rather than monotonous, repetitive
busywork. To ensure this is the case, the banks Human Resources Group is integrally
involved in all internship opportunities.
Because there is a number of different groups within the bank and the varying
opportunities offered each year, there is no standard job description or day-in-the-life for
the interns at BTMU, but a summary of recent tasks is included below. This is by no
means all-inclusive, but is representative of some tasks completed by the summer 2008
interns.
Comptrollers Group: the assignment included researching and providing insight into the
US and Japanese GAAP as well as preparing annual reports for outer branches and
reconciliations for Human Resources.

Securitization Group: intern projects involved researching Bank clients to identify

securitization opportunities and building client-specific models utilizing historical data
evidencing the Banks securitization capabilities. Based on these findings, they prepared
sales pitch presentations for internal staff.
Corporate Banking: interns were instrumental in finding customer and market data to
support new business proposals that were sent to management and clients.
Corporate Risk Management: interns are utilized in the three main sub-divisions of
risk: Credit, Market and Operational Risk. In Credit, an intern helped in updating a
significant economic capital calculation model and completed background analysis to
support the new model. In Market Risk, the intern developed independent reports,
analyzed profit and loss on specific portfolios, and provided overall quantitative support
on complex derivative transactions. The Operational Risk intern worked with the group
head to research disaster recovery scenarios for the Banks Business Continuity Plan.
The interns brought in for summer positions at BTMU are full members of the team and
their work will long outlast the short time they spend in the office. Beyond this invaluable
real world experience, they are given every opportunity to learn about and experience
other areas in the Bank through the Intern Program as well as unique discussions with
senior management and industry veterans. More than a resume-booster, the Intern
Program at the Bank of Tokyo Mitsubishi UFJ is a chance to actively participate in
modern international banking while gaining an expansive knowledge of the world of
banking and finance.