My name is Emily Balan, I will graduate in May 2016 with a degree in international relations and diplomacy, a degree in philosophy, and with minors in French and journalism. After exploring the non-profit sector last year for my first internship (I was the communications intern at the human rights advocacy NGO Human Rights First), I decided I wanted to explore the realm of the newsroom. In my last semester, I am a digital breaking news desk intern at CNBC, the financial news network.
At CNBC in Englewood Cliffs, N.J., I am treated as a news associate, which is like an entry-level job for a journalist. I attend the morning and afternoon briefings where all the departments and section editors brief the managing editor on what they’re working on for the day and other long term projects. I am mainly responsible for producing content for the website. This means grabbing wire stories that are relevant to our readers’ interests. It also means doing some reporting and writing up small stories to publish on the website.
I work closely with the digital team, helping with formatting, as well as with research for projects. I am working with my on-site internship supervisor and another editor, who handles most of the international stories, in order to produce my own story. I had visited the Czech Republic immediately before starting my internship, so I collaborated with these editors to pitch a story that I have been researching in my spare time at CNBC.
I have been able to develop close working relationships with my fellow interns as well as news associates since we are all working in an open air space. The news room, without the myriad blocks of desks and cool lighting with a studio built in, could look like a large warehouse in terms of open space and lack of architectural design. The open air, however, makes it more conducive for editors to communicate quickly and directly when breaking news comes in.
The newsroom can definitely be an exciting, albeit intimidating, place. On my second day, the Fed made a major decision and I jumped right in to feed quotes from an on-air guest to the editor writing up the story for the website. On most days, I merely bear witness to the excitement since intern-liability is too great for a network whose majority viewership is in the financial sector. I find that I am learning how to keep up with such a fast-paced environment, as well as instilling the journalistic values of accuracy and timeliness.
I am learning more than I ever thought I would know about the financial world, both in the United States and around the world. I am thankful that I saved the two classes – International Political Economy and Economic Aspects of the International System – for my last semester because they were a great starting point that gave me a framework to think about the global financial news. Right now, the big story is on oil: it is the main export of many fiscally powerful countries (think OPEC) and the low prices impact international relations. There have been several meetings of world powers to coordinate efforts to stabilize the global economy in light of a strengthening dollar combined with low oil prices.
The most challenging aspect of the job, however, is precisely that I do not know the business behind these stories. I am not familiar with how the stock market works, although I study for pop quizzes on current topics from the managing editor during our twice-daily briefings. It is also challenging to be in such a tense environment where anything could happen at any time. I find myself intimidated by these busy and important people, whose work affects so many others. I found that I have to purposefully instill myself with the confidence necessary to talk about my projects and pitch stories on a weekly basis.
There is some respite in the chaos of the newsroom. Since I am more available than some of the other interns, I work for the commentary section, mainly copy editing articles and contemplating them (adding links and writing headlines and descriptions) to be published at the peak of their news timeliness. This is a more laid back environment, separated from the constant stream of news from before the market opens to after the closing bell.
I would definitely recommend this internship. My supervisors and everyone involved in the internship process have been more than welcoming and accommodating. I would say, however, to make sure that you have a thick skin and that you have an interest in the financial aspect of things, even if it is just to learn more about the subject. It is tough to report on a subject you know very little about, but the learning experience and the newsroom environment is more than enough to make up for the intimidating pressure.
