This summer, Angelina Magal, a student in the Masters of Arts in Global Risk program, is completing her summer intership at Philips, in The Netherlands, following her academic year at SAIS Europe. In their second summer term in SAIS’s MAGR program, students complete a capstone project. Below are Angelina’s reflections on the experience.
|Amsterdam, The Netherlands|
As part of the Master of Arts in Global Risk program at SAIS, we are required to complete a capstone project with a company. I was offered the opportunity to complete this project at Philips, where I am interning with the Risk Management, Markets and Business Development support (RMMBDs) team. RMM&BDs supports and advises Country and Markets on the proactive identification, prioritization and mitigation of risks (strategic, operational, financial, compliance) related to new business-models, solutions, strategic partnerships and entry strategies in high-risk countries. The internship is four months long and based in the Philips headquarters in Amsterdam, The Netherlands.
|Angelina Magal, MAGR 2017|
During the academic year at SAIS, we covered qualitative and quantitative approaches towards understanding risk and uncertainty. My summer internship is an ideal setting to apply these skills in a business context. One of the most interesting takeaways from this experience is that the MAGR degree ultimately provides you with a holistic, multifaceted understanding of risk. I constantly combine a variety of skills, methodologies, and theories that are sourced from different classes at SAIS. For example, when analyzing country risks, I draw upon knowledge from economics and international relations courses for the overall context. However, in order to tailor my assessment towards Philips in particular, I also simultaneously utilize the ability to incorporate “point of view” in risk assessment, and depend on a thorough understanding of corporate finance.
The environment in RMMBDs is engaging and supportive, and everyone brings a self-motivated, collaborative and positive attitude to the office. This atmosphere is pervasive throughout Philips, and I am looking forward to the remainder of the practicum!