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.

Comments (25)

  • Prospect in IB-M&A
Jun 23, 2022 - 12:03am

Bump similar situation. Things feel slow. On one live engagement.

What about others ?

Jun 24, 2022 - 10:46am
PeRmAnEnTiNtErN, what's your opinion? Comment below:

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.  

Jun 23, 2022 - 12:33am
crimsonpe, what's your opinion? Comment below:

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"

Jun 24, 2022 - 10:15am
crimsonpe, what's your opinion? Comment below:

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

  • Prospect in IB-M&A
Jun 24, 2022 - 12:30pm

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.

Jun 25, 2022 - 12:09pm
depressedman41lol, what's your opinion? Comment below:

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,

Jun 26, 2022 - 9:17pm
crimsonpe, what's your opinion? Comment below:

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

Most Helpful
Jun 25, 2022 - 10:04pm
GoingToBeAnMD, what's your opinion? Comment below:

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. 

  • 10
Jun 26, 2022 - 9:25pm
crimsonpe, what's your opinion? Comment below:

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.

  • Intern in S&T - Comm
Jun 23, 2022 - 1:38am

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.

  • Analyst 1 in IB-M&A
Jun 24, 2022 - 11:03am

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.

  • Analyst 1 in IB-M&A
Jun 24, 2022 - 11:45am

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.

Jun 24, 2022 - 12:14pm
TimesNewMoney, what's your opinion? Comment below:

Bruh if your superiors are telling you to gtfo at 5:30PM, take that shit and run. I actively encourage my Analysts/Interns to do the same because I know there will be times when I ask them to fix/do something that's going to keep them there until 3:00AM, and it's way better for morale and everybody's well-being to let people take off and have a life outside of work when it's possible. 

As long as you are there in the trenches when you are needed and your superiors truly don't care about facetime, then gtfo of there and enjoy your life! 

Jun 24, 2022 - 12:44pm
gufmo, what's your opinion? Comment below:

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. 

Jun 24, 2022 - 4:03pm
IB Prospect12345, what's your opinion? Comment below:

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.

  • Intern in IB - Cov
Jun 25, 2022 - 12:34am

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.

Jun 25, 2022 - 2:13pm
IB Prospect12345, what's your opinion? Comment below:

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.

  • Associate 3 in IB-M&A
Jun 25, 2022 - 11:44am

Consectetur mollitia facilis maxime voluptatem quas maiores odit. Fuga illum esse fugiat ea delectus consequatur ea facere.

Laboriosam earum quis id perspiciatis reprehenderit. Ipsam nisi ea repudiandae beatae. Eaque praesentium qui dolorum veniam et consequatur.

Jun 25, 2022 - 2:12pm
IB Prospect12345, what's your opinion? Comment below:

Aliquam vero perspiciatis iure rerum id ut odio. Aliquid sed dolores voluptatibus distinctio voluptas. Cupiditate quibusdam voluptate ut consequatur.

Illo non hic quis id est accusamus qui. Et nam et perferendis vero quis quod. Sequi molestiae aliquid dolores porro quibusdam occaecati. Qui dolorem expedita voluptates.

Start Discussion

Career Advancement Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Bank of America Merrill Lynch (▲03) 98.4%
  • Macquarie Group Limited ABN (+ +) 98.0%

Overall Employee Satisfaction

August 2022 Investment Banking

  • Jefferies & Company (▲13) 99.6%
  • Lincoln International (▲05) 99.2%
  • Greenhill (▲07) 98.8%
  • PJT Partners (▽03) 98.4%
  • Macquarie Group Limited ABN (▲22) 98.0%

Professional Growth Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • RBC Capital Markets (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.4%
  • William Blair (▽01) 98.0%

Total Avg Compensation

August 2022 Investment Banking

  • Director/MD (10) $613
  • Intern/Summer Analyst (308) $417
  • Vice President (38) $392
  • Associates (205) $256
  • 2nd Year Analyst (125) $163
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (408) $151
  • Intern/Summer Associate (80) $148