How common is it for interns to not do much work?
I just started ainternship. AUM isn't much - I'm not sure, but somewhere between $80mn and $150mn. In the domestic market (which is not exactly a huge market), this is sizable. The bank I am interning at is known domestically but does not operate much internationally or regionally.
Today was my first day. I was given the task of writing a report on the domestic macroeconomic climate, alongside writing a short summary of whether or not the bank should invest in purchasing a certain bond. My country is practically notorious in regard to how shitty internships in large organizations can be. I feel like the work I'm conducting is largely busy work, not really meant to generate any added value for the bank. It was also about 2 hours worth of work in an 8 hour work day. The rest was spent mainly on Reddit.
Is this normal?