I will be interning at a BB this summer as an associate. Any thoughts about how I can use the next few months to prepare for the internship?
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I worked for a smaller firm that employed interns, so I can speak from that, not sure about a BB. Here's what would be useful from my perspective: Definitely get into the habit of reading the business news daily. WSJ, Barrons on weekends is pretty good, some people read FT as well. If you're in a coverage group, follow the industry - amazing how once you put your attention to it, you'll find so much. LinkedIn can have some good groups that cover an industry, type of debt, area (e.g. Rx). I'm going to guess you've already done 3 statement modeling, maybe took Wall Street Prep or the like, but I think basic soup to nuts modeling knowledge would be very helpful. Like if you knew how to build a model, and run DCF and comps to get the valuation 3 ways. If there's any way at school to learn how to use CapIQ to run comps and transactions searches, etc., that would be huge. If they use another database, try to get some familiarity if at all possible.
Do they give you a buddy, or mentor, or do you know anyone ahead of you who worked at that bank? Anyone who can give you a heads up on basic tools/apps they use would be great. Solid Excel and PowerPoint knowledge is very helfpul. Wall Street Prep has good courses, especially their advanced PPT, and they're inexpensive. Anything you can do to brush up and be excellent with shortcuts, etc.
Don't think that you're above the summer analysts in any way.
Don't try to act like you are an actual associate. You, for all intents and purposes, are a summer analyst. If you get the full-time offer, upon hitting the desk you, for all intents and purposes, are a first year analyst.
EDIT:
Don't say something stupid like "this isn't how they showed us in business school."