No work as an intern
I’m a couple days into my internship and so far I’m coming in at 9~ doing a couple meetings then leaving at 5, spending the majority of my day viewing old decks so I actually pick somethings up.
It’s not like I want to do this, I want to learn and do real work, so how do I go about requesting that, or is this just how internships start?
Don't leave at 5... even if you have no work you should still be sticking around past dinner. Go to analysts and ask them if there's anything you can help them with. As your staffer if there's anything that needs to be done, tell them you have capacity. You need to be proactive.
Im on an off cycle (9 mo long) so idk if that makes a difference (in that they may thing my time is much less important due to the duration of the internship?) but my analyst and associate both just tell me to go home when I ask them for help lol
i would say if you are just starting out they might be used to delegate something, so I would ask them or your staffer a few times during the day if you could take something off their hands, but if they tell you to go home don't be that guy who stays even when told to leave.
Don’t worry it’s normal because it’s hard for people to find time to include interns on things. But having been in that position myself and not getting a return offer due to “lack of exposure” i would start pushing HARD to get more work prettt soon. don’t want to full time recruit without meaningful shit on your resume. It is not a blessing trust me.
Got it cheers
Unfortunately, people usually won't give you work until they trust you're fully capable. Often times, this means you will be left with boring ad-hoc stuff which is incredibly manual and almost anyone with a few brain cells can do.
I echo the above comments that it's crucuial to be proactive to avoid spending half your day reading FT articles. Flag to your staffer that you have capacity or reach out to an analyst that you know well and ask if they need a hand with anything.
Would avoid reaching out to multple analysts at once to avoid the (relatively low) risk of being bombarded with work.
After a few months, you'll start to improve and make fewer mistakes and people will start to trust you more and thus be more likely to get you involved.
This is what I was going to say but I was typing on my phone and made a few typos and was too lazy to fix it so I just deleted the entire thing and went and did something else.
Don't be surprised if you don't get meaningful work for your first week or two, it's possible the analysts/associates are working on something complex/confidential/private, and don't have the ability to ask for your help. Sooner or later, they'll be working on something less confidential/complex, something you could do, and then they'll send it your way. Good luck!
Are people so unproactive nowadays. Or do you need to be spoon fed.
Go and ask analysts to help.
In the meantime grind your modelling skills, plenty of free lbos / 3 statements / merger model guides online.
Then pick a firm a do a p2p lbo model on then using consensus guidance. Take it to an analyst and associate and ask them to look at it. Choose a company in your sector team or a company that your firm covers via research.
You make your internship what it is. Leaving at 5pm is criminal.
Ask juniors for coffee and get to know them so it feels more natural to ask for work
Update
It was just the first week
Ramped up after and now fully staffed
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