Prepping for IB internship
I've been chatting with a couple former interns at the bank I'm interning at this summer about how I can prep for the internship. The general consensus is that it's a waste of my time to study/brush up on hard skills because the bank will teach me "everything I need to know" during training week.
I do not study finance in college, nor do I have former experience in any finance-related internship (neither did the former interns I talked to). This is intimidating me because I think majority of the other interns do have solid experience/study finance.
Can anyone else provide any advice on how I should spend my time preparing over the next couple of weeks leading up to the internship so that the best version of myself walks into that office on the first day? Thanks
Bump
Since you landed the internship, you probably already know a good amount—so you should be fine. Just be yourself, work quickly, and try to minimize mistakes.
Thanks for the advice!
In my view, terrible advice to not prep. I did a modeling, excel and ppt course before hand and it gave me such a strong baseline that when I was learning things in training it was more of recap solidifying knowledge than learning something new. This allowed me to perform better/quicker than what people were expecting relative to my background (non-finance/no previous internships) which was noticed. Don't stress/work too hard before the internship though
Im going through the WSP course for three statement modeling/DCF/LBO and am realizing there’s some concepts I didn’t know. To what extent do you think it’s necessary to know everything in the course beyond what prep materials the bank gave?
You'll probs be fine. I didn't know everything from the courses I did but since I'd went over it even if I only remembered 50% of a concept it was a good foundation to figure out what to do during the internship. The bank training was generally easier than BIWS course I did. Consider that majority of people won't have done any modelling course
Great, thank you!
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