Incoming sa and I'm honestly just super worried about how I'm going to pick stuff up without making egregious mistakes. How do you just "know" how to draft a cim properly or do a model from scratch or know what notes to take during a meeting?
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Everyone makes mistakes, that's part of the game. BUT, manage expectations tightly, and NEVER commit to anything you're not 100% on top of
but how do you just go in and pick up how to draft a cim. Looking at how large and substantive they are, it would take a quite a bit to rly get good at them. Same w modeling from scratch
With all due respect, you guys are not touching a model. Or at least a real one. If drafting CIM the only task I am comfortable letting an intern do at least until a few weeks in is management bios. Even then there is a good chance they fck it up the first few times around. They literally made us do a training session on how to baby the interns. I work at a mega sweaty EB that make interns do LBO tests fwiw, and that is our expectations for new interns.
Have a good attitude, work hard, dont be too much of a weirdo, and try not to make too much mistakes and you are fine.
gotcha, thats super reassuring icl. Not sure if they do intern projects at ur firm, but if so do you have advice on those? Think like the usual m&a pitch
Wont be the reason you get the return or get the boot..... unless you absolutely embarass yourself.
You will not be doing either of those tasks
what DO u do generally then?
You will not touch a model - other than the one used in your intern case study. You will not draft CIM pages from scratch. You may turn comments on a CIM i.e. changing various elements of a deck, updating with new numbers
You may work on other pitches/RFPs/internal decks where you have to spread comps, run some analysis. But again none of this would be from scratch and you will have many precedents.
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