Missing internship training week - how do I prepare?
Hi guys,
I've accepted a 4-week long winter internship in Australia with a bulge bracket investment bank. My understanding of the internship is that people who perform well will be offered summer internship positions towards the end of the 4 weeks.
I recently won the Australian finals of a global case competition and am being flown to Paris for the world finals in a few weeks. The effect of this is that I will miss the first week of the internship. I called the bank who said that the first week was a designated training week involving both bankers and external training providers. Long story short, they said while it was a risky decision and not ideal, they were willing for me to miss it and start the internship a week late.
They've said bankers will set some time aside during my first days to get me up to speed on the week of training I'll be missing.
My question is what can I do to prepare so that when I do start I'm not behind the other interns. While I'm aware of heaps of online courses for IB Modelling, I was wondering if anyone here can lend advice as to how else I can prepare. I feel as though doing a bunch of courses and being able to punch out an lbo model might not actually be that useful. From what I've read here interns aren't really trusted with building models, and I expect that is doubly true for winter interns.
If people would be willing to share what they were taught / teach in BB IB internship training programs I would really appreciate it. Any other relevant pieces of advice would be awesome as well.
My goal is to do well enough to get an offer for summer - which most likely means doing better than most of the other interns who will be doing the training. Anything to give me an edge is welcome.
Thanks.
To be honest, I think you will just need to learn on the job. Make sure you ask plenty of questions (but not obvious ones). Try getting friendly with the other interns. Which CS division are you in, IBCM or equities? How proficient are you with excel and modelling? Also, are you UNSW or USyd?
Ok I'll keep that in mind. I'm at JPM and from out of state. I'd say I'm fairly proficient with excel. I rarely use the mouse and know my way around with the alt key. Modelling skills could use work but I understand the basics. Good point re other interns. I'll make sure to keep in touch while those I know do the training
Ah true, forgot JPM has winter internships. I think at this point, spend your spare time going through practical examples of projects interns get tasked on. Are you BCom? What year, and how does your GPA stack up against other interns?
Missing IBD training because of work authorization (Originally Posted: 06/02/2010)
Hey guys, I just secured an IBD job, and the training program starts in late June. I'm trying to get my OPT (work authorization) to start in time, but more than likely it will be delayed. If I can't attend the training program, how much behind will I be when I first start working compared to my peers? Am I going to miss a lot of material that will be hard to make up? I went to an undergrad b-school so I've done a significant amount of finance.
This is something you should be asking HR about.
exact same shit happened to me. went to first day of training, kinda happy to get out it looked intenesely boring. the value of training depends on the group, but im sure you can pick it up easily with the materials on your own, esp. if youre studying finance...how much can you possibly learn in 4 days? also when did you apply? I got mine in a little over a month and got approved 5 days before start date, I think they take that into consideration so you might make it. there were also some delays in card productions because they changed the design, but i think the backlog will be gone by the end of the month.
good luck bro i know how stressful this shit can be
USCIS received and started processing my application May 18, and I need it by end of June. I originally set a date of July 16 because I didn't have a job offer at the time, but now that I need to reschedule I'm hoping I won't get screwed.
work authorization for which country? I didn't know you need that just for training.
Work authorization for the US. Apparently you do need it for training, since we do get paid during the training program.
You'll be fine.
Definitely need to ask HR about it.
Call USCIS and ask them to expedite the process due to potential loss of job offer. Friend of mine did it and he got approved within a week of making the call.
^possible, but its a crapshoot. officially they don't offer expedited process unless under "extreme" circumstances (don't have money for rent and will get homeless, etc). but yea its worth a try, cant hurt.
You have a few options: 1. See if you can still get CPT for your summer quarter. CPT doesn't require USCIS. Might not work if you have officially graduated but no harm checking with your univ's international center. 2. Try to attend the training informally i.e. w/o being officially on the pay roll -- you still have the F1 status and can legally stay in the country except that you can't get paid. Additionally, if this option works out (and it should), you can try to see if you can get paid for this time as a lump-sump one-off payment on your official start date (when your OPT comes by) 3. If 1 or 2 don't work, see if the bank can send you to their London/HK/Singpore office for training instead.
HTH
If your company is in the habit of hiring those that require work authorizations they have likely run into this before. Just make sure you keep them in the loop and if possible get the training materials ahead of time so that you are not completely in the dark when you do arrive. The first few days are usually paper work, meet and greet type stuff, and the like but see about getting the info they go over ahead of time so you don't start off at the back of the pack.
I'm wondering what would happen to an european grad if he is unable to get that authorization in time? Surely they cant just rescind the offer, more probably he would do some sort of training in the London office, if he's unable to get to the states.
Can't do training What's the downside? (Originally Posted: 06/20/2016)
I am at a BB's London/HK/others branch and supposed to do training in NYC this summer. However, due to some Visa issue, I am not going to make to the NYC's training. The HR insisted an activated Visa upon the training. But I can only get that done near the end of my training period. I have discussed with the HR and we both agreed to take the training next year.
I am still wondering what would be the possible downside if I can not make to this year's training? Will it make a huge difference? Thanks all
.
You'll prolly miss out on all the fun and networking with your peers this year, however if you go next year you have already earned a year of salary, works in the desk so training will be even easier and you get to have a full paid break from working. Not sure why you're concerned ...
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