Interview with Tarini Miglani, Research Associate, Wellington Management
This week, we had the opportunity to talk to Tarini Miglani from the Wellesley College Class of 2019, who majored in Economics, about her experience at Wellington Management.
Hi Tarini, thank you for speaking to Investment Society. Will you please introduce yourself?
Tarini: My name is Tarini Miglani. I graduated from Wellesley in 2019 and majored in Economics. I’m a Research Associate at Wellington Management in their Boston office.
How did you find out about this internship at Wellington? What was appealing in this particular position?
Tarini: I don’t remember exactly how I found the internship at Wellington, but it was most likely through Wellesley’s handshake portal. I learnt about equity research through a recruiting workshop that I attended in the fall of my junior year, after which I decided that I wanted to pursue opportunities within that space. I liked how equity research combines both qualitative & quantitative factors while analyzing companies & financial markets. I also like how investment research is very action oriented as portfolio managers can make real-time, important decisions based on your fundamental research on a stock/industry or theme.
Will you please describe what your internship program was like?
I worked on Wellington’s Global Impact Equity Fund, specifically looking at the affordable housing industry and doing a deep dive on two stocks. At the end of the summer I presented my work to the team and was given the offer to come back full time in their investment research program.
During the internship, what did you find most challenging and wished you had prepared for before starting?
Tarini: Given that the economics major doesn’t really cover a lot of finance topics, I took a few accounting & corporate finance classes at MIT which was very helpful preparation. However it did take me some time during the internship to get up to speed on the required financial knowledge so I found that challenging. Having said that, I don’t think there is anything I would have done differently to prepare as I think you just have to learn a lot on the job.
I also think the Wellesley education gives you an edge & advantage in being able to read & analyze large amounts of information and communicate your opinions clearly — this is super valuable and unlike financial modelling or accounting, much harder to teach.
What do you do in your current role and how it is different from your internship?
Tarini: I’m currently on the ESG team. We analyze companies based on their risk to environmental, social & governance factors — within each industry we look for companies that are leaders & laggards in managing their ESG risks, as we believe this could materially impact their stock price. We work closely with portfolio managers to identify ESG risks within their portfolio. I’ve been focused primarily on the oil & gas and utilities sectors, which has been very interesting since there is a lot of scrutiny on these companies to manage their emissions and adapt to the energy transition. We also spend time looking at governance factors, specifically the structure of boards & compensation plans to make sure the interests of company management is aligned with that of shareholders.
What do you like most about working in investment management?
Tarini: I like how equity research combines not only basic economics, accounting, financial statement analysis but also an understanding of larger macroeconomic trends, industry dynamics or even geopolitical situations. I think financial markets are fascinating because they are affected by so many different factors — from company earnings to basic human behavior/sentiment.
Why did you decide to return to Wellington for your full-time role?
Tarini: Mostly because of the people I met- there’s a lot of great mentors here and everyone is very willing to help. It’s a great place to start your career.
Final question: What do you like to do outside of work?
Tarini: I enjoy working out, hanging out with my friends, exploring Boston. I’m also studying for CFA Level II, so that takes up most of my time.
Tarini, thank you for your time. We appreciate all your advice and insight. Good luck with CFA Level II!
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