Everyone I Spoke to had Good Mid Summer Reviews
Now that we are past the halfway mark in the internship, we just had the mid summer review. Overall, mine went pretty well with not much told to improve on and being told that I was “on track”. However, the other interns that I spoke to had a similar experience, though some of them said they had a lot to improve on and such.
I guess it’s a little confusing on what to expect if everyone’s getting a good review. I can’t tell if it’s just that everyone will be getting a return (at least from the interns I spoke to), or if this review is somewhat meaningless.
Do you know the typical return offer rate of your bank?
Yeah same boat. What specific feedback did you receive? I came out thinking my feedback was amazing just to learn that everyone around me had seemingly great feedback.
Remember people also lie. This girl in my group kept boasting how well her review went and ended up not getting a return.
The improvement part was smthn along the lines of needing to be more thorough with formatting at start of internship, but I had supposedly fixed that already, so they said there rly wasn’t much I needed to change and to keep it up basically.
For the strengths it was p generic in that I produced high quality work and was strong technically.
At most banks, offers are yours to lose. Expectations for interns in most groups is nothing at the start. The idea is that these banks hire intelligent people in IQ and EQ who show continuous growth throughout their internship. I ran the internship in banking for my group and we gave very honest feedback, which for most people is that they are on track. Just keep doing what you are doing well in, try your best in your project, and try to improve upon your weaknesses.
We gave everyone who had a good attitude/personality and showed improved throughout the internship return offers (i.e. we would rather give a return to someone who went from a 1/5 to 3/5 over someone who started and ended as a 3/5), and that will likely be the case in most years, banks, and groups.
Edit: This is assuming a normal macro environment and group that is tracking towards budget. If you are at an underperforming group or bank, offers become much more competitive.
Hey if you don’t mind saying, which bank is this? Or if you’re not comfortable then could you indicate BB/EB/MM or even maybe just give a few names?
Thank you
Also this can’t be standard right? BBs and EBs will probably have at least half of the people fully comfortable modelling and already know their product group’s theory/technicals extremely well, ie because that’s how they’d get the offer in the first place?
What do you mean when you say interns are not expected to know anything? (I think you said specifically that expectations are zero - those might not be the same things but I assumed they are)
Not being confrontational btw just curious to know your input
the modelling and technical prep prospects do to pass interviews is a very surface level overview. It is a lot different when you actually hit the desk.
Top BB (GS/MS). The interview process does not mean interns are technically skilled, especially since they recruit over a year before they start the job. The recruiting process is to make sure someone is reasonably smart and hardworking enough to spend a couple of hours memorizing things. I promise you there are not any interns who know the technicals extremely well; we have first-year PE associates from top BB/EBs who have some gaps in their technicals.
Rule #1: never take what other interns tell you about their reviews at face value. What incentive do they have to be honest with you if it went poorly? Now you’re on wso trying to do mental gymnastics on a premise that doesn’t likely exist.
Hey if you don’t mind saying, which bank is this? Or if you’re not comfortable then could you indicate BB/EB/MM or even maybe just give a few names?
Thank you
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