Interning at Chase Manhattan this semester has been a great experience. I am interning under the Marketing Division of Chase Card Member Services on the Yield Management Team. Our team is in charge of re-pricing interest rates and other services for all Chase credit cards with the goal of maximizing marginal revenue. There is usually an upward re-pricing program every 3 months or so. Recently, I have been analyzing the trends and financial statistics from the January and March programs from last year. It's interesting to see what happens to revenue forecasts of certain test groups after nine months.
Currently, Chase Manhattan Bank is going through a merger with Bank One, which has also been a learning experience. Towards the beginning of my internship, I was able to attend a meeting at which the CEO of Credit Card Services for both Chase and Bank One spoke to Chase employees about the merger. It was really interesting to hear what they had to say, especially how optimistic they are for the future of the corporation. Of course, there is also some anxiety. No one really knows what is going to happen in the next couple of months, and I often hear employees talking about their futures. Some employees have to decide whether they are willing to relocate to Delaware as a result of the merger. Despite the current sense of uncertainty, I am confident that Chase Manhattan-Bank One has a bright future.
