23 Comments
 

Don't know anything about the work experience, only that several of the people who interned as sophmores at Hermes had a pretty easy switch into top BB's junior year (confirmed GS and JP).

 

Damn, could you expand on this? I also assumed that since a lot of kids end up getting solid offers after interning there (checked via a simple linkedin search) that it would be a solid shop.

 
monkeyleverage

Damn, could you expand on this? I also assumed that since a lot of kids end up getting solid offers after interning there (checked via a simple linkedin search) that it would be a solid shop.

In New York, even no-name boutiques are in high demand for upcoming freshman and sophmores. As a result, those who intern there are a motivated self-selecting pool - they tend to have pretty good credentials going in.

Just squeezing in "investment banking" onto your resume is quite helpful, but it doesn't mean the experience itself will be particularly meaningful.

 
Best Response

Hi, I am one of the Managing Partners at Hermes Capital Advisors. I appreciate that everyone is entitled to their own opinion about the quality of our firm, but I would like to set a few things straight. Our interns do not cold call anyone, or communicate with any of our clients directly, for that matter -- it is against securities industry regulations. Secondly, we have numerous students who have contacted us after their internships to thank us for the quality of the training they have received here, which has enabled them to find junior year summer internships and full time positions at bulge bracket firms and other prestigious shops. We are probably one of the only firms on Wall Street that teach interns to analyze public comparables using public filings (as opposed to database downloads) and the accounting and finance fundamentals behind pro forma financial statement adjustments (outside the context of formal summer internship programs conducted by bulge brackets). That being said, we get hundreds of applicants every year for a few positions, so there is no shortage of candidates. If you can get this kind of training elsewhere, I strongly urge you to apply. If you have any questions, feel free to contact me through our firm's site.

 
hmoghaddam

Hi, I am one of the Managing Partners at Hermes Capital Advisors. I appreciate that everyone is entitled to their own opinion about the quality of our firm, but I would like to set a few things straight. Our interns do not cold call anyone, or communicate with any of our clients directly, for that matter -- it is against securities industry regulations. Secondly, we have numerous students who have contacted us after their internships to thank us for the quality of the training they have received here, which has enabled them to find junior year summer internships and full time positions at bulge bracket firms and other prestigious shops. We are probably one of the only firms on Wall Street that teach interns to analyze public comparables using public filings (as opposed to database downloads) and the accounting and finance fundamentals behind pro forma financial statement adjustments (outside the context of formal summer internship programs conducted by bulge brackets). That being said, we get hundreds of applicants every year for a few positions, so there is no shortage of candidates. If you can get this kind of training elsewhere, I strongly urge you to apply. If you have any questions, feel free to contact me through our firm's site.

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I've actually interned there! It was my first real banking internship, and I had a pretty good experience to be honest. I also saw previous interns that went on to work at BBs come in and say hi to the senior bankers. When I was there, deal flow was just starting to pick up. It is a small shop, but that means that if you're proactive and prove yourself reliable you get a lot of responsibility and experience that you might not get elsewhere. I also never cold-called or saw any of the other interns cold-calling, but I did get to sit in and talk to the CEO of a company we were representing.

The senior bankers are always pretty busy, but they do find time to do little seminars and staff us on different projects, and it was pretty great to be able to sit there and listen in on calls with clients and hear them talk about the deals going on.

While I was there, I did see a lot of kids come in, then flake out and disappear when they got a different experience than what they were expecting. To a certain extent you get what you put in - if you make the effort, then you will get pretty good experience that interviewers will find impressive if you talk about it on your resume; if you expect to be hand-held through the process, then you won't get anything out of it.

 

Interned in the past at Hermes as a freshman and it was my first finance experience (STEM background). Really appreciated the amount of responsibility I got-this isn’t structured like a BB program but rather, the full experience of a small shop. After reading training guides from upperclassmen at BBs, I’m sure I learned more from this than they did with those handbooks. The smaller scale offers more exposure and lets you ask stupid questions that are actually taken seriously, which made all the difference in learning.

I also had a really good time with my coworkers (classmates and strangers). Our goals were much clearer and more meaningful since there were so few of us. After leaving, we still chat and the MPs check up on us to see how we’re doing. This is the kind of program that offers both soft and hard skills. It doesn’t end on your last day; they’ll keep looking out for you.

 

Previously interned at Hermes, and it's a good place to get your feet wet in terms of banking internships. There was no cold-calling, and interns were always working on something interesting and relevant to ongoing deals. The firm is small, but that allows for plenty of opportunities to get good exposure and learn since interns work closely with the senior bankers. If you are committed and proactive then you will get a lot out of the internship.

 

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