nervous incoming SA
hello everyone. i go to a target uni and was fortunate enough to receive a SA offer for 2024. coming on here to ask for advice 1) tips for success as an SA, 2) how to combat nervousness, as i am very nervous about this coming summer.
I'd love any advice for SA success on anything, but particularly:
1) balance between independent work and being told what to do. this past summer, i was lucky enough to have an incredibly kind and helpful supervisor that told me exactly what i needed to do, so i would do exactly as i was told. sometimes i'd make mistakes but it was nbd. what is it like for workstreams for interns?
2) how to improve speaking skills. i tend to ramble when i speak, do employees generally speak in a structured format 24/7? at the firm i worked at, everyone was incredibly well-spoken.
3) how to not have any mistakes and increase attn to detail.
4) how to work quickly with HQ output. what is the level of quality expected from SA in general? perfect slides? quick analyses?
5) what exactly does above and beyond mean for interns? any examples?
reasons for being nervous:
1) given the current state of the economy and how rough it was to receive offers this summer, i am quite worried i wont be able to receive a return offer nor another offer at an other firm in case things hit the fan.
2) i feel like i shouldnt have received an SA offer in the first place. it was purely chance how i was even selected to interview, during my final round case interview i wasnt even able to finish the case but i had a very nice PL interview me.
3) this past summer, i interned at a small consulting firm and did receive a FT offer from them but mostly think it was because of my personality and not my work, stakes are much higher next summer though.
Hey there, future star of the finance world! First off, congrats on snagging that SA offer – that's no small feat, especially coming from a target uni. Now, let's tackle those butterflies in your stomach and set you up for a summer of success, shall we?
1) Balance Between Independence and Guidance: - Embrace Proactivity: While it's great to have clear instructions, showing initiative can set you apart. If you finish a task, don't just sit idle; ask for more work or suggest improvements. - Seek Feedback: Regularly check in with your supervisor to ensure you're on the right track. This will help you adjust quickly and learn the ropes.
2) Improving Speaking Skills: - Practice Makes Perfect: Consider joining a public speaking club or practice with friends. The more you practice, the more confident you'll become. - Structured Communication: Yes, in high finance, clear and concise communication is key. Try the "STAR" method (Situation, Task, Action, Result) to structure your thoughts.
3) Attention to Detail: - Checklists Are Your Friend: Before submitting any work, create a checklist of common errors to look out for. - Double-Check Your Work: Always review your work with fresh eyes, maybe after a short break, to catch any mistakes.
4) Quality and Speed: - Quality Over Speed: Initially, focus on delivering error-free work. Speed will come with practice and familiarity. - Learn the Tools: Master Excel shortcuts, PowerPoint tricks, and any other software you'll be using to increase efficiency.
5) Going Above and Beyond: - Add Value: Look for opportunities to add insights or suggest improvements on projects. - Network: Build relationships within the firm. It's not just about the work you do, but also the connections you make.
As for the nerves, remember: - Economic Concerns: Focus on what you can control, like your performance and attitude. Make yourself indispensable. - Imposter Syndrome: It's common to feel like you don't belong, but remember, you were chosen for a reason. Trust in your abilities. - Past Experiences: Use your previous internship as a learning experience. Reflect on what you did well and where you can improve.
Remember, everyone starts somewhere, and it's okay to be nervous. Use that energy to fuel your preparation and drive. You've got this!
Sources: Advice for summer and return offer rate?, Advice for summer Asset Management interns, Tips for incoming summer analyst in Corporate Banking?, Recruiting Tips for Summer Analyst Prospects
For once the Monkey Bot gave a pretty decent answer.
I'll only add my personal take on your questions below, but genuinely the MB version above is not a bad high-level view:
Now, regarding your reasons to be nervous, it's luckily very simple. You cannot control the economy, but if you work well with your colleagues and do a good job, your odds of getting a return offer increase dramatically. So, work well this summer, be diligent, focused, and also be yourself (no one likes to work with a robot).
As for your other 2 comments, I can understand why you'd feel that way, and I commend you for not being cocky or arrogant. Humility is a quality I certainly value a lot, but do not let it drag you down and not feel confident about your abilities. It's very hard to "con" major consulting firms, even at the recruiting stage. By and large, everyone hired has the skillset to succeed, what happens afterward is dependent on too many factors to count.
If you made it, you made it. Leave it at that. Not sure if it'll mean anything to you, but I have met people with imposter syndrome at Bain all the way up to Associate Partner. It's natural, You're surrounded by very capable people, and hardly anyone of them publicly voices how unconfident they feel. However, rest assured that many also feel that way (including experienced consultants, managers, and principals).
I feel it too sometimes, but I don't let it bother me because I just focus on what I'm doing. I do the best I can with what I have in front of me, I take feedback seriously, and I move on. If you did your best, you have nothing to be ashamed of nor regret.
Best of luck to you!
PS: here are some additional work-related advice I gave a while back - LINK (others also added some good advice on there too, so read on)
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