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Goldman Sachs selects Carlos Ayala ’18 for coveted internship
By Lauren Cotta ’19
Finance and economics double major to work in Investment Banking unit.
Carlos Ayala ’18 (San Lorenzo, Paraguay), a double major in finance and economics, has accepted a summer analyst internship within the Investment Banking unit at Goldman Sachs, the world-renowned investment banking, securities, and investment management firm.
The position is one of the most coveted internships on Wall Street, and Ayala is believed to be the first PC undergraduate to be offered the internship. The Investment Banking division provides capital-raising services, co-invests with clients, and advises businesses on complex transactions such as mergers and acquisitions.
Ayala said he is honored and excited to begin his work at Goldman Sachs this summer, adding that the internship is another sign of how highly the
PC School of Business
“Being selected for this internship holds a lot of meaning for me,” he said. “I received a lot of guidance and support throughout the recruiting process from faculty, the Career Education Center, and other students, as well as from alumni and Goldman Sachs professionals.
“When I was selected I was extremely happy that all my hard work and theirs paid off. I was excited to let them know that the time and confidence they invested in me were not in vain, and I am very grateful for their help.”
As a summer intern at Goldman Sachs, Ayala will work in financial modeling and valuations, conduct research on clients and industries, and edit presentations and pitchbooks, along with general administrative work.
In order to get this position, Ayala participated in the Goldman Sachs Undergraduate Camp, a highly selective one-week diversity program. He maintained the connections he made with the Human Capital Management team and Goldman Sachs professionals, and then applied for the internship. After several consecutive 30-minute interviews — Goldman Sachs calls it the “Superday” — Ayala was selected for the internship.
Activities complement academics
Currently, Ayala is focusing on his studies and his involvement in various clubs and activities on campus. As a member of the junior executive board of the Investment Club, he shadows and assists the executive board in its daily affairs.
He serves as a mentor for the Providence College School of Business Student Mentor Program, in which upper-class students provide advice and guidance to first-year students regarding business courses and clubs, internships, and schedules.
Ayala is also the president and founder of the Association of Latino Professionals For America (ALPFA) chapter at PC. ALPFA is a nationwide organization that provides mentorship to students with diverse backgrounds and helps them build a network through ALPFA senior corporate executives.
In addition, he is a member of the Academics Committee of Student Congress and is a student representative on the Athletics Committee of the College’s Board of Trustees.
Dr. Wendy Chen, assistant professor of finance who is Ayala’s academic adviser, called him “an outstanding student.” She is not only impressed by his strong academic profile but by his forward thinking and his ability to plan and select his courses carefully.
Ayala believes his background in finance and economics will help prepare him for his internship at Goldman Sachs and for the business world that lies ahead for him.
“A major in economics provides me with a better understanding of the bigger picture, and being an international student, it will be a great tool if I ever work in international organizations,” he said. “However, what stands out for me about finance is understanding the financial decisions companies make and helping these companies achieve their financial objectives.”
Ayala hopes to use this internship to learn strategies that companies use to achieve their financial goals and looks forward to gaining expertise in a specific industry. He also hopes to improve his analytical skills, build strong business acumen, obtain a deeper understanding of capital markets, and receive a return offer from Goldman
Sachs for the summer of 2017 with more responsibilities and complex work.
“I will give my best performance every day in order to make my family and Providence College proud,” he said.
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