Kaitlyn Saunders

Summer Intern
Financial Markets
Kaitlyn Saunders

Team: Market Intelligence and Analysis

University: University of Waikato

Studying: Master of Management Studies in Economics

Why I chose to apply for a RBNZ summer internship

I have wanted to work for the RBNZ ever since I learned about macroeconomics and monetary policy in high school. I kept an eye on the intern positions at the RBNZ while I was studying towards my Bachelor’s and applied when I had one year left of study. As well as the underlying reason of enjoying the mechanics of monetary policy, some grads from the Bank came to university to talk about the job and I found out that the Bank also has a great culture.

What work I’ve been doing as a summer intern

Over the summer I researched the New Zealand equity market. This research was very interesting and included three sections. The first section was an analysis of the NZ equity market where I was able to decide what key factors I thought were important in the market and collect data and provide data analysis that backed up my key points. The second section was an equity price decomposition in which I collected data and used a model to determine the drivers of NZ equity prices in 2020. Finally, I finished off my report by providing thought on how my outcomes related to monetary policy and the RBNZ as a whole. I also had the opportunity to present my project at a roundtable presentation to the Financial Markets and Economics departments where I received feedback on my research.

What else I’ve been involved in at the Bank

As I was in the Market Intelligence and Analysis (MIA) team, I had the opportunity to write the morning market reports for a week. I then had the chance to speak at the weekly Financial Markets Department meeting, sharing the important events which happened in the global market that week. I also had the opportunity to take a series of Te Reo lessons which helped with my pronunciation of the language and the creation of my pepeha.

This summer has been memorable because

I had the opportunity to live and work in Wellington as well as meeting so many new people. Before working at the Bank, I had never lived away from home so the whole summer was quite an adventure! As well as being able to live in a great city, we had such a cool bunch of interns who usually met up for lunch and had weekly catch-ups where we would share what was happening with our projects.

Why I would recommend the internship to others

You will always have the full support of your team and you are given a project to work on over the summer which is meaningful to the RBNZ. No matter what team or department you are in, you are provided with so many opportunities which give you more exposure to the internal workings of the Bank and help you enhance your knowledge and experience. The culture at the Bank is very inclusive and people are more than happy to talk to you and help you with any questions you may have.