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Not sure I completely understand the question.

If you mean how much do you learn about banking industry, I would say much more than you learn by reading stuff online. Being able to see the inner workings of a potential transaction is valuable experience, even if you only get to see a little bit of a process. By the time your SA stint comes to a close you should have a better understanding of a deal process. That being said, the jargon and the social skills were the most important things I learned over the course of the internship. While you don't get to practice client-facing skills as an intern, you do get to see how your co-workers talk and interact with the clients (management meetings, potential buyer calls, etc.), which is really useful once you start full-time.

Hopefully this is what you were asking about and lmk if you want to know anything specific, but I can only speak from my personal experience.

 

Have you heard about any SA that have participated in a live deal during the summer or do you mainly do training activites (monkey jobs)? I'm doing an SA stint in London this summer and was curious to know what exactly you are doing having understood that excel and powerpoint will be my two closest friends.

 

Agree with @prestigewhore101 , I would assume by week 4 that the majority of your work will be on live deals or pitches. During my time as an SA, I built CIMs, pitchbooks, market research, and potential buyer lists. I was at a smaller bank so none of the work was outsourced, but I do know at larger banks some stuff like market research is sourced out to other teams. Let me know if you have any specific questions!

 

It also really depends on what stage the deals are in when you get staffed - things were pretty slow in my office so I ended up doing a lot of process management stuff (trackers etc), and worked partially on a pitch. I had learnt a decent amount but I feel I did not know much at all vs. a few months of FT experience.

 

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