The Best Summer Internship Tips on WSO

Another compilation post by my content intern @Lucas_M, we hope you find these helpful!

IBD Internship Experience by @moneymogul
Here is a series of 4 posts by @moneymogul where he shared his IBD internship experience.

Week 1 of IBD Internship: Training
posted by @moneymogul

In summary, training day is all about introductions and first impressions. Your HR program managers will be in attendance, and you should take a few seconds out of the multiple intersessions to shake their hands.

Equally important is taking the time to meet the other interns around you. If you attend a non-target school, this is the opportunity to plug yourself into the clique of elite institutions and its future Wall Streeters.

New WSO Blogging Internship!

We are looking for several talented student writers to contribute posts to WSO with the goal of raising the level of quality to our forums and homepage.

Internship title: Finance / Wall Street Blogger Intern

Timeline We ask that you commit to post either 24 shorter discussion style posts or 12 blog style posts (or a combination of the two) over a period of 12-16 weeks.

How this differs from our Contributing Blogger Program: This internship is geared more towards students and recent grads. Obviously you have less experience than professionals to draw on for your posts so we're looking for more of a discussion starter style of post. More specifically we want you to research and post up a hot topic relevant to WSO's audience, summarize and/or quote your source, briefly state your opinion, and then open it up for discussion. You will go through the same training that the bloggers go through (instruction doc, videos, short quiz, test post and then afterwards we will set up a phone call to discuss the internship more in detail.

What you will write on:: Hot topics in the financial/business/Wall Street news and other topics relevant to WSO. There is a list of suggested topics you can choose from but if there is a topic of interest you would prefer to write on we are open to hearing your ideas.

Click inside the post for more information, examples, testimonials, and to formally apply.

Get Your Resume Reviewed by Industry Pros

Recruiting season is here make sure you're ready for it with a Finance Resume and/or Cover Letter Review from one of our expert resume reviewers. Need it done in a hurry? Expedited Service is available (72 hours or less*).

If you're not serious about breaking into Wall Street, you should honestly not waste your time reading any further. If you are serious, then you probably already know how competitive it is to land a job in finance and that every part of your application needs to shine. This starts with your resume.

The WSO Finance Resume Review service is an investment that will help you make that important first step to land the most coveted jobs on Wall Street. Our track record is flawless and we promise to give you a tailored experience in order to help you craft the best possible application.

Thank You To Our Sponsors

We'd like to thank the Wall Street Oasis sponsors that help keep the community free for everyone and we encourage all of you to check them out below!

Clear Admit - MBA Admissions Consulting
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Ask Clear Admit Thread on WSO

Monday @Mentions April 13, 2015

Happy Monday WSO!

Upcoming events:
Mon, April 13th, 7pm et, Recruiting for IB out of an MSF Degree
Tue, April 14th, 830pm et, Week in the life of a Fund Analyst at a Large Asset Management Firm
Wed April 15TH, 8pm et, CFA - is it right for you?

Post of the Week:

The 48 Laws of Power by @Deconstructing Excellence. 7 SB's. Thanks for the post!

Discussion Topic of the Week:

Interview Science: Slow Talkers Don't Get Hired by @mikesswimn. 14 comments and counting.

Comment of the Week:

The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO

Thanks to my content intern @"Lucas_m" for another great compilation post. This one covers on campus recruiting, interviews, and converting SA internships into FT offers. Enjoy! -Andy

1. Acing the investment banking analyst interview
posted by @"frgna"

Wrapping up an interview
1. Before you ask us questions it’s nice to say “I’ve done lots of research on your firm and talked to a lot of people so I know your firm pretty well, so I really want to hear more about your own personal experiences here.”

2. Some good questions to ask your interviewers: 1) Tell me about a recent deal you’ve worked on that you liked. 2) What are the next steps from here? 3) How have you liked your experience here so far? Anything surprise you, good or bad? 4) Tell me about what you guys do for fun.

3. Some questions to avoid: 1) What are the hours like here? (get that info later from an insider that you know better) 2) Anything related to compensation 3) What are your plans after banking? (we can’t answer that and we’ll all say we’re planning on staying in the near term…duh…)

4. Don’t stand up until I stand up.

- 126 silver bananas

Google's Head Of Hr Shares His Hiring Secrets

Not 100% relevant to finance but thought there was some good takeaways in here you guys might like. From FastCompany:

Google's Svp Of People Operations Explains How He Sifts Through 2 Million Résumés And How He Defines The "googleyness" Of Potential Hires.

Laszlo Bock knew he wasn’t walking into a traditional corporate setting in 2006 when he arrived for his job interview for head of people operations at Google.

Google recruiter Martha Josephson implored Bock, who had done stints at firms like GE and McKinsey & Co., not to wear a suit to his interview. No one wears suits there, she told him—show up in one, and they'll think you don't get them or their culture. Bock acquiesced, but kept a necktie in his jacket pocket just in case.

He got the job, in addition to something rare: an extraordinary perch from which to watch and eventually exert some influence over how a fast-moving web company with plenty of money to spend and people to study conducts itself and maintains its idiosyncratic culture. That's partly why he's written the book Work Rules, which comes out this month. The book aims to give a peek inside why Google organizes itself the way it does, the motivations behind its approach to recruiting—and what more-traditional businesses can learn from its approaches.

"Bad times for investment bankers are here to stay"

Sorry had to post this, but would like to hear some criticism of the article..

From the ever-reliable Forbes:
The profession’s recent indignities aren’t just a post-recession hangover.

Investment bankers used to rule the world. Now J.P. Morgan chief Jamie Dimon has to explain to investors why the bank is even in that business anymore. (It’s still a service that clients need, he said during a call in January.)

How times have changed. Over the past year the indignities mounted for banks’ onetime profit centers. The leading person to succeed Dimon at J.P. Morgan, Gordon Smith, runs consumer banking. Swiss giant Credit Suisse’s new CEO comes from insurance. Many large European banks are getting out of investment banking completely. And the ultimate insult: Wells Fargo and U.S. Bank, once derided for sticking to straight lending, are now more profitable than lords of finance Goldman Sachs and Morgan Stanley.

The irony is that these should be good times for Wall Street. Mergers and IPOs are back. Stock indexes are at all-time highs. Activist investors are launching hostile takeovers. And yet the Street’s profit machine seems broken. The average bank has a return on equity of 8% these days, down from 18% before the financial crisis, according to RBC Capital Markets. Much of the drop has been in investment banking.