Problem with my internship
Hey guys I need some advice.
I am 4 weeks onto my summer internship in a group that provides valuations of structured products but I got screwed over pretty bad. Instead of being put in a group that actually does valuations, I'm stuck in the operations group that supports it so I'm basically doing stupid work and learning very little. The most complicated thing I've done is build a simple excel model of Securitized product (collateral and bond).
I've been scrambling to find something else but most positions are filled by now. I managed to get an unpaid offer at a startup that's supposed to be a trading firm but likely won't start actually tradingfor a while. I'll basically be doing macro economic research but there won't be any actual trading desks.
I'm just wondering whether to stick it out where doing data work while learning a little bit about abs, cdo' and other structured products or take the unpaid offer and do economic research. I'm a rising junior at a target and looking to get in next summer.
Any advice would be appreciated.
What year in school are you?
I'm going to be a junior in the Fall. I just feel cheated since the firm pretty much said I'd be on the valuation team but then screwed me when I joined and by that time I had already turned down other offers.
I realize I still have junior summer but the competitive nature of my school means that kids without decent experience sophomore summer are often hard pressed in getting junior summer IB interviews.
Read the post: "I'm a rising junior at a target and looking to get in next summer."
bump...any input is appreciated.
Id stick with your current gig.
If you landed other relevant offers I'm sure you will be able to land decent offers for your junior year. You should be able to spin your current experience to something relevant. What type of support role is this? opps? accounting?
If it's a good firm, go back next summer doing the actual valuations, etc. In reality, it's too late to find something else (you're 4 weeks in), and the other offer sounds doesn't sound worth it.
For instance, you put this one and the other one on your resume, then explain that you left after 4-5 weeks because you weren't doing what you wanted-- doesn't look good. I know they told you otherwise, welcome to the industry.
Also, who knows, prove to them that you can do the simple stuff with ease and maybe they will let you take on more work. If you know the other interns, ask them if you can watch some of the stuff they do, etc.
It really amazes me how Many kids from target schools lack common sense. It's not the end of the world, roll with it, pussy...
Not sure what to call it but basically I'm just verifying information that's in a database. It's tedious work and I'm learning very little, if anything.
The thing is its not that great of a firm and I definitively don't want to go back next summer. If I was to take the other offer, I would not list my current job on my resume,
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