Life of a summer analyst?
Disclaimer: I'm not lazy, I just want to be aware of these things in advance instead of trying to figure them out as I go along.
1: As a summer analyst, do you typically work weekends? Assuming I need to, is someone going to tell me "Hey, we need you in here on Saturday.", or do I just need to GUESS correctly when I do and don't need to come in.
2: As a summer analyst, should I stay in the office until the full time analyst I'm working with leaves?
3: Should I essentially steer clear of all associates (in order to not bother them), or will I actually do work with them?
Typically on weekends, Sunday is expected to be a work day (many have Saturday policies now). You won't be expected to come in and sit there, but if your team is working, you will be in too. Always good to check with them on the plan Friday and be by your blackberry in case something comes up.
If you have nothing to do and your analyst is still there, you should check in before leaving to see if they have anything you can help with. If it's super early (i.e. 8pm), find a research report to read or spend time going through a model to learn. If it's midnight, you've checked in and no one has anything for you....go home.
You will be working with associates. Generally there will also be a full time analyst staffed as well. It's a good idea, if you can, to have the analyst review your work before it gets to the associate. That being said, you'll need to communicate with your associate and be responsive to them. In many ways associates and analysts are two sides of a team...don't be intimidated to talk to them. That being said, use common sense....if the associate is swamped and an analyst or other intern can answer it (including the summer associates), approach them first.
Work Culture - leaving your desk as an Intern/Analyst (Originally Posted: 06/23/2012)
I am mentally prepared for the long hours, working on excel etc not leaving until the guy above you has left or has no more work for you.
But are you expected to remain glued to your seat through out the day (apart from lunch time) . How normal is it to leave your desk for 30 minutes once or twice a day to grab a coffee for your self or get some fresh air ?
It depends on who your boss is and whether they only care if the work gets done. If your boss is one of those guys who checks in on you regularly, then it's probably a good idea not to go. But if they only ask you to e-mail them your progress or bring them what you've done, then it may be ok.
Sometimes they may even tell you go take a break.
As long as you get your stuff done no one usually cares.
you're going to get yelled at for stupid bullshit beyond your control anyways, so unclench your sphincter and move on with your life.
A lot of the people I worked with expected interns to be around their desks. No one minds if you grab a coffee, but keep in mind that 30 minutes is a long time in banking. If you grab a coffee take 10 minutes to do it. Keep in mind that an internship is very short. You have 10 weeks to convince someone to hire you. Once you get an offer you can grab as much coffee as you want and go to the gym as often as you want, but during an internship I would do the conservative thing.
What kid of horse shit is this. If you are spending your entire day sitting at your desk you won't last very long in this business. I spend a good hour of my day chatting with sales and trading. Also you should eat lunch away from your desk and spend it talking with the other analysts. ER is not banking where you are just on excel the entire time and be some mindless monkey. You are paid to think and if you don't leverage the platform you are going to have crap internal reviews and poor working relationships.
Get out now. It's all down hill from here...
I was going to ask the OP what the heck made him think that he'd even get lunch or fresh air, let alone one or two half-hour breaks away from the desk. Then I realized this was in the equity research forum.
Depending on group culture, I bet you can actually get away with this as a full-time. But I still wouldn't try it as an intern.
THAT bad, huh? I guess OP can thank the good lord he's doing ER...
Thanks for all the great insights. I get that during Internship, expectations would be different.
If I cant leave then ofcourse I will just adapt, but I just wanted to know what the expectations where. Is saying you are just going for some fresh air looked as weak ? any better excuses for wanting to leave your desk for abit ? I have a bad coffee addiction.
@Melvarr Are you saying there is no point trying to stay in someones good books ? ofcourse I dont plan on sucking up to anyone, if i can avoid it.
yeah that's what i am saying.
beyond your own fuckups, you will be yelled at for:
and so on
don't worry so much and give yourself a fucking heart attack
Are cigarette breaks ok?
Strangely, cigarette breaks seem to be okay no matter how jammed things are. So if you really need your breaks, I would advise taking up smoking.
It's also not a bad way to end up shooting the shit in a relaxed environment with your VP/director/MD... if they smoke, and if you're a dude.
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