Have read a lot recent about expectations/experiences/complaints/etc about summer analysts with June right around the corner. As an incoming IB coverage intern at a BB, any tips on what my expectations should be? People seem chill on the phone but I couldn’t do an office visit so going in a little blind. Lmk any general thoughts⬇️⬇️
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Come on time to work, dress well, and be organized/communicative. And don't be that intern that everyone knows about at the bank (hint: it's always for the wrong reasons)
In your experience are interns paired up with analyst 1s?
What have been some examples of “wrong reasons” lol
Be humble. Accept all tasks. Learn proactively on your own time. Ask people more experienced than you for advice and guidance.
are SAs typically expected to work saturdays/sundays? I've heard typically not sat but sometimes sundays, but wanted to check
Yes depending on deal activity. Most of my weekends I didn’t work, some I put in a couple of hours on Sunday, and one or two weekends I put in 16+ hours on Saturday and 16+ hours on Sunday.
Ok I was a SA last summer, got a return offer and I would say I was well liked at the bank so here is some advice (5 things you should keep in mind):
I’m not trying to come across as “Im so smart I’m the intern that got an offer so what I’m saying is the best advice you’re getting”. That’s certainly not the case. I bet when I start FT my ass is going to get handed to me with more work on my plate and the added stress that comes along with it. What I’m trying to say is I had an amazing SA experience, enjoyed it a lot, met some amazing people and learned a lot along the way.
Thanks this is good stuff. But where are points 2-5?
Idk why the numbers aren’t showing up but they are separated by paragraph
Haha just playin
that was not funny lmao
Make sure you reply to emails the instant you get them, even if it's close ended, confirm receipt of said email.
Don't underestimate how much detail and anal bankers can be with decks.
Don’t make the same mistake twice.
Email chains, seniority is always first in the “to” section.
Don’t ask stupid Google-able questions
Don’t spin your wheels for 15 minutes
be a good intern
1. If your bank gives you a formatting guide, read it inside and out and actually use it.
2. Be proactive and enthusiastic but not so intense or eager you're annoying to be around. Read social cues and match the energy of the person you are talking to.
3. While some people carry more clout in the office than others, be mindful of getting coffee in office w everyone / not blowing anyone off. want as many people in your corner as possible when it comes to review time
4. come into the office on time. yes it's a pain in the ass but just do it bc you know the other interns will and you do not want to stand out in that way
5. keep work off social media entirely. you don't know who will see, who it will get forwarded to in the office and who will take it the wrong way
6. get teams on mobile so you can always look online
If you work with excel, make sure you are color coding and leaving comments for things that need to be looked at/sources. People are always going to be auditing your work. Please make it easy on them by not being lazy and skipping those steps. It’s always a pain in the ass when I’m trying to audit work and I have to try to figure out where numbers are coming from and why.
If you were good enough to earn an internship offer, you probably have a solid baseline competency of financial knowledge and technical skills. However, the other interns in your class probably do, too. As a result, the way to distinguish yourself as an intern – the way to be considered excellent as opposed to merely adequate – is in the parts of your performance that aren't directly related to your technical knowledge and ability. Here are some key points I recommend:
Soft skills are 99% of the game.
Be humble, hard working, professional, and, most of all, be willing to work 100 hour weeks if necessary. you wont have to, but simply showing that you are willing is all that matters.
Maintain good hygiene, dress fairly well (dont overdress or underdress, try to be right in the middle of the office), and take pride in your work.
Make friends
Anyone know how often and how deep one should interact with VPs and up?
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