Best Practices for a Virtual IB SA?
I am an incoming IB intern and given that everything will (most likely) be virtual this summer, wanted to start a thread on the best practices as a virtual intern. I, and surely the other incoming interns, will appreciate all the insights from those currently in the industry!
Thanks in advance.
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Be responsive. This is so easy and people still miss on it.
Don't sit at your desk 9am-2am with no work staring at your email (huge no no) but if something comes in, respond to it quickly from your phone or desktop. If it takes less than 5 minutes respond immediately, if it takes longer and you have to stop what you're doing respond within 20 minutes (or just say you're looking into it).
There will be times when you're making food, out of the house, or just unresponsive for some reason, but people will then assume you're tied up. Building the image early on that you're typically very response (85% of the time) is huge for a virtual intern.
Great advice, thanks! Any other tips?
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Also interested
Don’t stop networking with your team. They’re the ones who are going to be making the decisions on who gets a return or not. I reached out to mostly associates because they’re the ones who were making the decisions in my group during my internship.
Interested as well...seems like last year was very hit or miss and I think that was just a function of the bank's handling of the situation early on (stating 100% off the bat vs staying quiet and having low numbers at the end).
Off the top of my head;
Overall, try to embrace the experience. It's probably the easiest internship you'll ever do if you don't get any live work to do!
For the networking bit, when would be a good time to start reaching out to analysts / associates at the firm? About two weeks in?
Also, is it acceptable to reach out and have a 1/2 hour conversation with VPs at the firm at least once through the summer?
I would wait until the internship starts, but if there's already someone you know in the team you've been placed in, it can't hurt to reach out. However, I would wait until training has ended and you've joined your team for the summer before reaching out to A&A's.
Yes, you definitely should try to get a bit of time with some of the MD's, D's & VP's. Funnily enough, it may be easier to get time from MD's than VP's, so just play it by ear. During the summer you'll probably have presentations from MD's / D's in the group about transactions. If they offer any kind of follow up call or a chance to chat, always take up the offer.
Also, when you're on calls remember that this is how they're assessing you, so take care to be engaged, have great questions and have pre-prepared 'interview' answers. For example, they may ask you why you chose the bank or why you want to do IBD; you want to leave them with a good impression.
Should I start having those calls with juniors from now itself, or wait for the internship?
Should you also actively reach out to other interns in your class? Typically, this wouldn't be required as interns can get lunch/dinner together but given that we're virtual, should we also reach out to other interns and get to know them?
Definitely. I’ve done that and so far it has been awesome.
How did you already reach out to people in your class LOL
The recruiters provided us with everyone’s emails and encouraged us to connect on LI, set up a GM, etc. Small class size of around 35 for me so it might be more or less feasible for you depending on the size.
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Following
Does anyone know of any of any threads from last summer where people talked about what equipment different firms sent out to interns? Thanks!
Currently doing off-cycle at an EB, and got positive reviews from senior analysts and associates, so I guess I'm doing something right. Here are the tips.
That's all about it. Just work hard and have a good attitude, and it will show to people that you are at least a competent intern.
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