Boutique Experience
So I am about to complete my internship at a small boutique and feel like I haven't gained that much from it. The IB is small and unknown and I primarily worked on one deal only. I did gain some exposure through doing some comparable analysis, but no modelling. Will that hurt me and should I have expected less out of this internship?
Shouldn't expect too much from a small boutique really. Having said that, take what time you can to look over existing models and learn whatever you can.
Everyone gets a hard-on about doing modeling in an internship. In reality, a lot of interns won't do any. I haven't done a lot with it during my current summer gig. Just try and pick through the models and rebuild them like Asatar said.
I'm in the same boat, basically all I did was research. Learned modeling and financial analysis on my own after I would leave for the day. The only thing good about boutique experiences is that you can list it on your resume.
Yeah I can relate too. I haven't done any modeling but I can say I've "assisted" by providing metrics and such. Not that that's difficult. Maybe say something like that? And I think doing comps is pretty useful. Also, you should have access to all their models - right? Just look through them and try to pick at them or whatnot. I spend a lot of time at my internship reading the WSJ, looking through old models, and reading WSO. I guess even if you're not doing heavy finance stuff, you've probably learned a lot more than you would think.
I guess that's one reason NOT to join a boutique.
Will this at least look better than say PWM/ or something similar, which people usually do in their summer before junior year?
I have done a lot of research (one industry primarily), worked a lot on a company deliverable, and done some valuation in the way of Public/Transaction comps.
I don't see what the problem is then. It sounds like you had a good experience. And of course it will look much much better. My freshmen year PWM internship was complete bullshit.
If you're really bored...there's always this:
http://dealbreaker.com/2012/08/food-eating-challenge-a-financial-servic…
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