Summer Analyst Training
How much do you actually learn? Is it better than programs that you have to pay for like "Training the Street"?
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For the most part, you'll be running comps, spreading research and editing pitchbooks. In addition to assisting on ad-hoc projects and doing industry research.
In this market, I'm not sure what summers should expect. Training the Street's purpose is to teach you how to model. I'm not sure that the price is worth it since you will probably be given an offer and will learn how to build models once you start full-time. You may build a model during your internship depending on your senior analyst.
If you want to make the internship a very rewarding experience and learn, it depends on how much of a role you want to step up and take.
Keep in mind, the internship will help you learn about more things than just numbers and financial statements.
I see. Anything else covered in that first week? And also, if possible, how does it compare to just other training programs in general, not just Training the Street.
(mildly curious how much learning will be done and whether i am getting a "good deal" by doing SA training)
Just enjoy the fact that it's 9-5. Like the above poster said, you'll learn all the basics from TTS, but it really is up to you as to what you get out of training. Most of the real learning starts on the job.
Analyst Training - Difficulty and quality? (Originally Posted: 08/09/2008)
Can anyone comment on the difficulty and quality of the S&T analyst training programs; more specifically, are they essentially the same at each of the major banks?
call me and we can talk
How important is summer analyst training (at GS)? (Originally Posted: 02/28/2013)
I'm at a school on the quarter system and going to be interning at GS which has a super start date before school even ends. Anybody know how important training week really is for an intern? If I don't get to do it, am I screwed for a ft offer? Do you even do "work" with your group while you train or is it like a completely separate program?
Tell your teachers to lick your scrotum and reschedule finals.
yeah it's pretty much essential and required that you go to training. i had to leave school 2 weeks early for my sa, luckily my teachers were relatively accommodating. if yours aren't, you'll have to get your ass back to school for the finals you can't take care of ahead of time.
Summer Analyst Training In NY (Originally Posted: 05/12/2013)
Can somebody describe the SA 4-5 day training program in NY in detail? Particularly interested in BBs and elite boutiques, for those who got offers in regional cities (i.e. LA, SF, Chicago).
Interested in the following: - How long are you actually getting trained for throughout the day? - what exactly is provided to you other than a hotel? Free food? Are taxis comped? - How social is it? Who initiates plans to go out and party? Does this actually happen? Can you go out on your own to clubs/bars with friends from NYC that aren't in the program? - What time do you have to wake up every morning? - If I want to party in NYC, do you suggest extending my flight to and going 2-3 days earlier? - What exactly, in terms of financial modeling, do you learn in SA training? - How does it differ from FT analyst training? - Does training for elite boutiques differ from BBs? (i.e. Lazard vs. Goldman training programs)
Thanks, Redroom OG
I am also interested.
Can anybody provide some insight on this?
Summer Analyst Training Program (Originally Posted: 03/22/2014)
Hello,
Just got and accepted the offer for a BB Summer Analyst Program 2014 (JPM, GS, MS, etc.). First time, so I'm curious to hear anything and everything about the training program at the HQ in the beginning of the Summer. What do we do? What do we learn? Where do we live, and what do we wear (ie. Suit and Tie to the trainings?) What do we do outside of the program, etc. Anything would be great!
Thanks
You don't really do much during SA training. The first day is usually a big introduction to the firm where you'll meet other SAs from different groups and hear speeches from some top people at the firm.
The next four days are basically classes about financial statement analysis, excel shortcuts, powerpoint formatting and Capital IQ/Bloomberg/FactSet training. Some banks are more intense and try to work in some modeling training, but most will let you learn that on the job. In general, training lasts from 9-6ish most days and you have most evenings free. If you're from a regional office, they'll put you up in a hotel close to the office. If you're in NYC there aren't any special accommodations. Dress code is usually business formal for the big firmwide events and receptions, but business casual for the rest of the week.
Summer Analyst... training? (Originally Posted: 03/11/2007)
In a standard 8-10 week BB Summer IBD program, is there an intial training program? If so, is that included in the 10 weeks, or done before the "start date".
At BB's there usually is a training program that is included in the 10 weeks (from what I've seen it's often about one week long during the first week).
Yup, the one week is included in the 10wk program.
Anyone do a program where there wasn't any training? I don't have any training scheduled for this summer, so I'm kind of interested to see what will happen my first day. Will I be completely lost like in Monkey Business with a stack of 500 pages to read, or will someone tell me what to do first?
JPM is only doing 3 days this year
JPM is only doing 3 days this year
also happened last year.
Not sure if it's true, but I heard that last year, JPM hired to few people and were totally understaffed so they just threw people in after 3 days.
Most places it's a week.
Speaking of JPM, is true that they are kind of screwed up now after reorging too many times? I met some JPM associate at a bar last week and he wasn't outright bashing what was going on, but he definitely seemed frustrated about disorganization. any info there?
Training week for Summer Analysts (Originally Posted: 05/07/2011)
I was wondering what the first week of training is like for Summer Analysts at BB's? Does it really last for a whole week (weekend included)? Do you really only do training and no actual work during that period? Is it already the same hours as during the rest of the internship, or is more relaxed and a great way to get to know fellow interns? Do you learn most valuation stuff that you will need?
Thanks a lot, I've tried the search function, but there really is no topic on this quite important subject so far! I'm at a BB in London btw, if that makes a difference.
Good question - I'd like to know this as well. I've also heard about exams being given to assess the intern's knowledge of the markets/valuation techniques etc. - how prevalent are exams like these?
It's pretty chill, and it does not include the weekend.
You only do training (with a few exercises), and no actual work.
It's much closer to 9-5 than the rest of the internship, so consider it relaxed and a great way to meet fellow interns (especially the ones in your group).
You'll learn the valuation stuff you'll need, but you'll get much better at that when you do actual work. Interestingly, a lot of the stuff covered in TTS is stuff kids are expected to know in their interviews.
Most of us used this time to browse the web and dominate Flash games embedded in Excel spreadsheets.
Yeah it's interesting how the TTS booklets a lot of banks send out only cover basic accounting... not even valuation stuff. They don't even tell you what WACC or CAPM is, and I definitely got asked about those during my interviews.
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