Bad Intern
I have read a lot of comments on here that leaving early is a very bad look for an intern. I, however, rarely get work to do. I have had some people (one being my mentor) tell me that facetime is not important and I should ask my team one last time if they need anything around 5:30 and they never do so I leave around 6:00. Is this going to affect me not getting a return offer? Also what are some things I should do to look busy during the day. I have been struggling to come up with new things to work on for hours on end.
Bump similar situation. Things feel slow. On one live engagement.
What about others ?
One, I would generally not worry, Make sure you are talking to your team and staying ahead of anything that might come up. Overall, some deals are slow, some deals are just slow moving, Others are quick. I have an intern right now on a project that is moving slowly, but will pick up in the next few weeks. The best thing you can do in know as much about the projects as possible so when your team needs you, you can actually be useful.
I wish I was in that situation... I actually cannot tell if this is a joke because every time I ask for work there is always more or something new to learn. On top of this I am constantly walking around the office meeting new people and networking. Since I am a rising Junior I am even networking on the job with people from other companies and telling my boss/ppl at my firm I do it to learn about clients or who we have relationships with (which I am) lol. Endless things to do... Henry Kravis once said (on a panel for interns) "if you are sitting around twiddling your thumbs during your internship this summer you will not get very far in finance"
Woah dude save some FT offers for the rest of us
What else do you expect from someone with a username like CrimsonPE (it's a small school near Boston, ever heard of it?)
I understand my initial comment made me sound like an absolute asshole, but I meant well. I see way too many of my peers (my year or even older) go into finance just because... finding themselves doing nothing when they're in an excellent position. If you are an intern at any bank, PE firm, HF, etc., you should know you're fortunate and in a situation most people will never have the chance to be in. You will be earning more than 99% of the world and have access to extremely intelligent/powerful people. I just hate to see opportunities squandered
Saw this guys response to my one live engagement question the other day and let it be. Hilarious to see all the monkey shit on it today. Good luck on your journey to becoming the next Henry Kravis bud.
bro u sound like the biggest loser and i am 99% positive people u work with feel the same exact way. You will not be getting a return offer my guy,
Hey depressedman41 it’s fine lol I’m not looking for the return offer here since I’m a rising junior & already signed 2023 @ a MF where I’ll most likely continue to be a loser full time
OK, so maybe our crimsonpe friend is being a little over-the-top in their outlook. But I don't think they deserve all the MS because they're really not too far off the mark.
One of the things I tell my SAs (and my BB encourages) is that they should use the time here to network and try to build connections and build their own "brand". I know that word gets thrown around a lot, but the time inside the walls is really, really valuable. If you're truly in a position where you've asked around and there is nothing for you to do, the company directory should be a gold mine for you and you should be picking people out and asking them for help/advice/whatever. Find people with similar interests, ask the people around you for a reference on who to call, use the common employment (as little as it may be) to learn from other people and start getting to know more about finance and the business world.
I mean, it's quite silly really. There's hundreds of posts here on WSO every year about "how can I get more coffee chats?" and then you're finally "inside" and you go home early instead of trying to network? C'mon, son.
Finally someone who gets it. The people throwing shit will never make MD haha. I know even you think I'm going a bit overboard but there are people that I consider fucking sweaty. There's levels to how committed you are and nothing wrong with not being a hardo either.
It’s mind boggling… a majority of my peers faked all of that "passion" for finance I guess because they all just talk about how they can't wait to get home and are "learning nothing"??I don't understand how the recruiting process is super "competitive" but half the intern classes turn out incompetent. Like how did you get through interviews? Other than nepotism hires I'm guessing most just memorize answers and forget it all during the summer.
My situation is different, but I'll offer my 2 cents.
I'm in Market analysis at a global firm, offices all over the world. People on my team are in Vienna, Geneva, Hong Kong etc. so it is quite normal for my bosses (only 3 of us based out of my city) to take early morning meetings/afternoon meetings at home. Full wfh fridays. I basically have bi-weekly deliverables for a completely new project that only I am staffed on. I normally work in the office 8-4, go lift then eat dinner and wfh from 8-12ish. I try to always leave after my primary boss does. Facetime is not as important due to the type of work (trader support), so I am comfortable leaving then because my bosses have accepted hybrid as the norm. Every shop is different though.
Are you staying connected through wfh? Or do you completely log off at 6?
Also, dw about it being slow. There’s a chance you get swamped with work next week and you’ll miss the time you have right now. Plus, it’ll take some for the analyst to trust you as well but you can see ur work scaled up pretty fast once you gain that trust.
Yes I stay available when I’m WFH, but I have never gotten anything when I have left.
Then you have got nothing to worry about.
I would just keep up with the deal materials (never in the latest version - you can potentially mess up the file so always use a backup version saved on ur drive or something) so that in case work comes up you can already demonstrate some level of understanding. Also helps you keep engaged. In my downtime I also opened up other deals the group had worked on in the past just to read through.
Bruh if your superiors are telling you to gtfo at 5:30PM, take it and enjoy it while it lasts. Slow times don't last forever.
You need to read your team and your group. Unfortunately, 99% of banking at the junior level is sitting around for hours and hours while those above you review materials and give you comments. I can't tell you how many times I've had to stay in the office until 4AM because a Director has had a book for 36 hours and gave me a turn at 11PM, asking for a new draft "first thing the following AM". That's just the reality of the job, and if that happens, your Analyst and Associate might be pissed off if you're not around to help turn it.
Obviously whether or not you're expecting materials is something they should be communicating to you, but at the same time, my default assumption as an Analyst was that I needed to generally be around until 9PM in case something imploded (and it frequently did).
Before I get monkey shit, I am not saying I agree with this method of process management or that this is healthy (there is a reason I am no longer in banking), but this is the reality of the job.
Out of sight, out of mind. If you are gone by 6 and the turn shows up at 9 - analysts won’t go try to find your remote working self and show you how to do it when it’s much faster to do it yourself
Do you suggest I stick around then? During training and other check ins people have said to not stick around if you don't have work. I am not sure though if they say that to say that.
Are you in IB? Had this same problem, but still stuck around till at least 10 pm. Ask to get staffed on more work. It will affect your chances, got to be proactive and find something to do.
Yes it is IB. The bank I am at is said to not be facey so I am hoping that that is actually true. I have asked to be staffed on more and I was told I was and I ask everyday if there is anything to do with it and I am told no every single time.
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