Raytheon Finance Internship: A Glimpse into Aerospace & Defense

A Raytheon Technologies finance internship offers a valuable opportunity to gain hands-on experience within a leading aerospace and defense company. These internships are highly competitive and sought-after, providing a strong foundation for future careers in finance. Expect a challenging yet rewarding experience that blends practical application with theoretical knowledge.

What to Expect

Interns typically work alongside experienced finance professionals on a variety of projects. The specific tasks and responsibilities will vary depending on the assigned business unit and team, but common areas include:

• Financial Planning & Analysis (FP&A): Assisting with budget preparation, forecasting, variance analysis, and performance reporting. This could involve analyzing financial data, identifying trends, and developing recommendations to improve efficiency and profitability.
• Accounting: Supporting the month-end close process, preparing journal entries, reconciling accounts, and ensuring compliance with accounting standards. Interns might also be involved in audits and internal controls.
• Program Finance: Working directly with program managers to track project costs, analyze profitability, and ensure accurate financial reporting. This often involves utilizing earned value management techniques.
• Internal Audit: Participating in audits to assess the effectiveness of internal controls and compliance with company policies and regulations.

Skills You’ll Develop

Beyond specific technical skills, a Raytheon finance internship fosters the development of crucial professional skills. These include:

• Analytical Skills: Analyzing complex financial data and drawing meaningful conclusions.
• Communication Skills: Presenting findings and recommendations clearly and concisely, both verbally and in writing.
• Problem-Solving Skills: Identifying and addressing financial challenges.
• Teamwork: Collaborating effectively with colleagues in a team environment.
• Technical Proficiency: Gaining practical experience with financial software and systems (e.g., SAP, Excel, Hyperion).

Benefits of the Program

In addition to the practical experience, Raytheon finance internships offer several key benefits:

• Networking Opportunities: Building relationships with experienced finance professionals within the company.
• Mentorship: Receiving guidance and support from a dedicated mentor.
• Professional Development: Participating in training programs and workshops to enhance skills.
• Exposure to the Aerospace & Defense Industry: Gaining a comprehensive understanding of the industry’s dynamics and challenges.
• Potential for Full-Time Employment: Many interns receive offers for full-time positions after graduation.

Landing the Internship

To increase your chances of securing a Raytheon finance internship, focus on:

• Academics: Maintain a strong GPA in a relevant field such as Finance, Accounting, or Economics.
• Relevant Coursework: Take courses in financial accounting, managerial accounting, corporate finance, and financial modeling.
• Internship Experience: Seek out other internships in finance or related fields to demonstrate your interest and skills.
• Leadership & Extracurricular Activities: Highlight your involvement in student organizations and leadership roles.
• Technical Skills: Develop proficiency in Microsoft Excel and other relevant software programs.

A Raytheon finance internship is a challenging and rewarding experience that can significantly boost your career prospects in the finance industry. By preparing thoroughly and showcasing your skills and enthusiasm, you can increase your chances of landing this valuable opportunity.