How to prepare for a buy-side internshipAM
Phew. Finals are over! “School’s Out” by Alice Waters is blaring from some room down the hall whose occupant thinks he’s way funnier than he actually is. Isn’t he an English major? Whatever, you’ve got more important things to worry about, like your upcoming!
Whether you mastered your technical interview skills with the WSO Prep Guide, or you’re Lloyd Blankfien’s illegitimate love child, you managed to get an internship this summer with a prestigious investment management firm. Now you just have to kick back and wait for day numero uno to get here, right?
Child, please. If you want to be the best you’ve got to prepare like the best.
And that leads us to an interesting question: What is the best way to prepare for a buy-side internship?
Without outside learning most undergraduate students are woefully ill-equipped for buy-side. But most employers recognize this and will recommend some outside reading. For example, to prepare for my upcoming internship with a technical analysis heavy fund I was sent some books the PM liked and thought would help me hit the ground running.
But not all PM’s are created equal, so what should those unlucky individuals left to prepare on their own do?
Well, even though you probably already did this before your interview, it bears repeating: understand the firm’s strategy to the best of your ability. From here it will be easier to find information that will prepare you for your specific fund.
For specific examples of books, I turn it over to you guys. What books/other resources would you recommend to aspiring monkey’s to prepare for a buy-side internship?