Comments (68)

2y 
GreenNewDeal, what's your opinion? Comment below:

I'm in similar boat, wfh internships are a joke

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2y 
Wrongo35, what's your opinion? Comment below:

I'd talk to analysts. Some firms are limiting work for interns because they fear leaking non public information so in general I think summer staffers are playing it safe.

Analysts will definitely have some work for you to do, most likely non of it sexy or fun, but if you want something to do I'd go to where the work actually piles up

  • 6
2y 
hellur, what's your opinion? Comment below:

would agree with this

  • Prospect in IB - DCM
2y 

What are you going to do when you have an interview and they ask about your internship experience?

  • 1
2y 
Giannis34, what's your opinion? Comment below:

The situation is very different for consulting vs banking. 1. Most banks will over hire interns compared to their full time needs by 30 percent and then take the best 70 percent for full time. But, with the poor economy that number will probably be closer to 50 percent. How does it make sense to give guaranteed offers to 50 percent of the class that would be redundant? Comparatively consulting firms under hire by a good amount so that the majority of their class comes in through full time recruiting (the banks that do full time hiring do very little). Consulting firms would just decrease full time slots accordingly without need for redundant employees.

  • 3
1y 
glorified psycho, what's your opinion? Comment below:

Make up a bullshit answer like every other fake smart person that goes into IB lol

  • 1
  • Intern in IB - Gen
2y 

Are you at a BB?

  • Prospect in Other
2y 

there's prop firm internships? Interesting, in the US right?

  • Intern in IB-M&A
2y 

I'm doing an unpaid internship and I literally sleep and watch youtube all day. My tasks are basically finance homework assignments with no deadlines... because the firm has barely any dealflow I guess.

  • Prospect in RE - Comm
2y 

sounds bleak

  • 1
  • Intern in IB-M&A
2y 

They literally do not have legit work for me to do and I already have an internship for Summer 2021 so I'm not even looking for some sort of return offer type deal. Honestly, I do not know what to do with myself at this point.

  • Intern in IB - Cov
2y 

same boat been waiting for someone to say this

  • Intern in IB - Gen
2y 

Thank the lord- thought I was only one having a crisis and I didn't even go into this internship on a whim... big feels for those not knowing fully what they were signing up for.

Most Helpful
2y 
The Real Donnie Azoff, what's your opinion? Comment below:

Can't say I'm surprised. Delegating work to interns is difficult to begin with - they're mostly a negative value-add. You can really only trust them with the menial tasks that you don't have time for, and it takes until mid-summer for them to really get the hang of it / stop making mistakes.

Now internships are shortened and 100% virtual. It's almost impossible to build rapport, start trusting their work, "swing by" to discuss a project or have any idea what they're working on.

I'd recommend that whenever you're given a task just crush it - do it quickly, make no mistakes, and ask how you can help next. Better yet - start to think about what the next steps would be, and offer to help with those. It's easier for people to say "yes, do that" than it is to think of ways you can help and schedule a zoom meeting to explain them to you

2y 
A O, what's your opinion? Comment below:

I'm an intern and make so many mistakes, I feel like I don't help too much tbh.

  • Intern in HF - EquityHedge
2y 

Lol I fucking wish. I'm doing back breaking work researching public and private companies in my sector and building presentations. I'm damn near seeing the cap iq home screen when I close my eyes....annddd I've yet to see my first check hit my account lmao

  • Prospect in IB - Gen
2y 

At an investment firm and my internship is fucking dead. I rode it out for first couple weeks but I'm bored shitless right now. I asked them if there was anything going on that I could do substantial work on and they pretty much told me deal flow is fucked. I just speed through the bs assignments and hop back on the PS4. It's nice to get paid for what I've been doing since I got my 2021 offer, but I'm tired of this virus shit. Someone make a fucking vaccine!

  • 5
2y 
A O, what's your opinion? Comment below:

Bruh u lucky I gotta be aware of what's going on in the market so no ps4 but a lot of laying down

  • Prospect in IB - Gen
2y 

Damn bro that sucks. Can't you set up alerts or something? Or just get some HF intern to run warzone duos with you.

  • 2
  • Intern in IB - Cov
1y 

What if I told you we had a valid vaccine yet we were still masking and WFHing in August 2021?

  • Prospect in Other
2y 

Relatable AF

  • Intern in AM - Equities
2y 

I'm lucky that I get to go into my office, but still not a ton to do. Mostly just administrative work and a bit of modeling. Gets pretty boring during the day and I just go on my phone or browse WSO and whatnot.

  • 1
2y 
Hoomst MD, what's your opinion? Comment below:

Seems like virtual internships are extremely hit or miss. Some days I literally do nothing, other days, like today, I'm jammed. Granted I'm doing a directly finance-related internship, but I'm getting paid a decent amount to work for a Fortune 100 company and I'm very grateful for the experience.

Array

  • Intern in IB-M&A
2y 

Will be very interesting to see how they decide who gets a return offer

  • 2
  • Intern in IB-M&A
2y 

Gotta be 70% on intern projects and 30% on if they think they like you through various virtual networking events/calls.

2y 
WdKdKeWe, what's your opinion? Comment below:

At a BB on the same boat

2y 
meep11, what's your opinion? Comment below:

In the same boat as well. Internships will not reflect the full time experience lol

2y 
BulgeBracketBabe, what's your opinion? Comment below:

All fun and games until you don't get the return offer

2y 
baddealflow12, what's your opinion? Comment below:

im a full time associate at a BB and I feel the same way hahaha

still have some deals to work on - clients are all just super chill right now ("no need to rush this analysis")

Saving like 90% of my pay right now.

  • Summer Associate in IB - Cov
2y 

what do you think offer rates will be like this summer?

2y 
Jamie_Diamond, what's your opinion? Comment below:

the worst is when an intern fucks up a simple task then asks quote "can i get some more intellectual work". god no, especially when you cant meet deadlines for mindless deliverables

i have interns that attend top ivy league schools and i went to a non-target. now i feel like i was a damn genius when i was an intern

What concert costs 45 cents? 50 Cent feat. Nickelback.

  • 5
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2y 
IUh8er, what's your opinion? Comment below:

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  • Intern in IB-M&A
2y 

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2y 
surcitycredit09, what's your opinion? Comment below:

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