How will Banks distinguish between top interns and good interns?
As in title, given the pandemic, how will banks distinguish between interns performance in SA? It's one thing doing what's sufficient and getting a return, but what about if you want to be a top intern so that you can position yourself well for group placement for FT?
Gotta be in the top decile for how long you can hold a double horseshoe in without yakking.
LOL
There's gonna be almost no way even if they give some type of project/case study. We're going to be doing almost no work and it's not going to be meaningful at that. Even analysts dont know how we will be evaluated.
They're going to give auto offers to everyone except those who are truly just terrible as in they're emailing clients or MDs with no social awareness, can't type anything without a typo, no attention to detail, etc.
What do you mean with "emailing with no social awareness"?
As in they have typos in their email or don't even write what the director told them to write, they address the CEO like what's up man?, They write in a weird way like askin ghte CEO for directions to the nearest Taco Bell from his house..., they write in a passive agressive tone, they do what I do in WSO posts by writing...............after every post.
You get the message?
Interns don’t/can’t really email clients lol
Not sure if it applies to advisory shops (at a BB) but you have to be FINRA registered to be giving clients “advice” snd since interns aren’t licensed it would be illegal/slippery slope for the firm.
Also what associate/analyst would ask an intern to respond to a client the MD/D would chew them out
My firm encourages interns to talk to CEOs. CEOs actually lik eit...
I’ve heard this about high offer rates, but economic data has me a little skeptical. The optimism for these high conversion rates that I’ve heard about is that many think we’ll be on the road to a strong recovery by the time this year’s SA would be beginning FT. Does anyone else have some insight on this?
Yeah a lot of people have said with states reopening soon the economy should pick back up for sure by the end of the year. By next August/September there should be strong signs of recovery & growth for the near future... at the bare minimum market stabilization. I'm just trying to understand what would be their reasoning (obviously they wouldn't tell interns directly) for not giving someone a FTO if they did have to decrease headcount.
go to UBS or piper sandler so that there are no top interns
Shut up man. Why do you have to be a hardo and perpetuate the toxic bullshit on this site
my wife left me for a summer analyst at piper, sorry
I can bet you that you don't even have an IB offer yet......
top interns - responsive, communicate with status updates, ask good questions, say when they don’t know something, try to calibrate expectations
good interns - don’t do enough face time, don’t offer to help on things they could do, write poorly drafted emails, don’t communicate when they can’t figure something out
bad interns - have a bad attitude, have negative energy, there’s a long list....
Is this really it? Seems like the "good interns" aren't doing so well either.
i think people have very low expectations of interns..that's why everyone just says having a positive attitude and working hard is usually enough to get an offer. Seems like you do not need to come in with excel/ppt/modeling mastery at first but should just be a good person to work with in general.
omg, valuepro, I think we found the good intern.
Yeah I feel like there should he another rank between exceptional and good interns. The good interns grouping seems like interns that dont get it at all
PLEASE. You get what he's trying to get at.
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