Seriously Underpepped for upcoming SA role.

Long story short - I feel like I completely memorized and BSed my way through the interview process. I am going to be at a BB, and feel like I know NOTHING. (I know BASIC excel short cuts, a FEW PPT short cuts). I don't care that much about finance. I just don't want to look like an idiot out there and I want the return offer, but I have no idea what im doing compared to my peers. 

The typical advice: Be Likeable, work hard, be friendly, have a smile etc., I am not worried about. I can do that. WHAT ELSE is a non negotiable to know how to do? I feel like I am about to get exposed so badly. 

5 Comments
 

There’s plenty of threads on this. Just over communicate and pdf your work so you can review it. Thats kinda all you need to do: good comms and good work. 

 

To avoid feeling exposed and to secure that return offer, here’s what you need to focus on based on the most helpful WSO content:

1. Start Small and Build Confidence

  • Crush the small tasks first: Bankers value accuracy and reliability. Start by excelling at basic tasks like finding numbers, formatting slides, or adding logos to charts. Nail these before attempting more complex tasks.
  • Under-promise and over-deliver: Don’t volunteer for tasks you’re not confident in yet. Instead, ask to observe or shadow when possible. For example, if a model needs to be built, ask if you can sit in while it’s being done and learn along the way.

2. Excel and PowerPoint Proficiency

  • Excel Functions: Focus on mastering key functions like vlookup, hlookup, match, sumif, and basic formatting shortcuts. These are essential for efficiency.
  • PowerPoint Shortcuts: Learn alignment tools, grouping, and quick formatting tricks. Clean, professional slides are a must in banking.
  • Practice: Spend time setting up dummy spreadsheets and presentations to get comfortable with these tools.

3. Technical Knowledge

  • Brush up on accounting basics: Understand the three primary financial statements (Income Statement, Balance Sheet, Cash Flow Statement) and how they connect. This is critical for modeling and analysis.
  • Learn basic valuation techniques: Discounted Cash Flow (DCF), Comparable Company Analysis (Comps), and Precedent Transactions. Even a high-level understanding will help you follow conversations and contribute meaningfully.

4. Be Proactive and Curious

  • Ask smart questions: If you’re unsure about something, ask thoughtful questions that show you’re eager to learn. For example, “Can you walk me through how this ties back to the financials?”
  • Take notes: Always have a notebook to jot down instructions or feedback. This shows you’re attentive and helps you avoid repeating mistakes.

5. Practice Mental Math and Brainteasers

  • While not as critical during the internship, being sharp with mental math and logical problem-solving can help you stand out in impromptu situations.

6. Networking Within the Firm

  • Build relationships with analysts and associates. They can be your go-to for guidance and support. Be approachable and show genuine interest in their work.

7. Stay Optimistic and Resilient

  • Mistakes will happen, but how you handle them matters more. Own up, fix them quickly, and learn from the experience.

By focusing on these areas, you’ll not only avoid looking unprepared but also position yourself as a reliable and coachable team member. Remember, most interns feel overwhelmed at first—it’s how you adapt and grow that counts.

Sources: Preparing for an IB internship, An ex-Goldman Sachs insider’s 10 tips on how to sail through investment banking interviews, https://www.wallstreetoasis.com/forum/job-search/my-2-cents-on-sa-recruiting-from-a-non-target-background?customgpt=1, skills needed to prepare for SA BB vs. SA EB, What to expect/how to excel in a SA IB internship

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

Hey man, you aren’t behind. You will get training and people don’t expect you to know a lot. With that being said, you need to make sure you pick things up quickly. Ask good questions and genuinely write things down on your notebook. I am serious, create a section for PPT shortcuts, excel shortcuts, email shortcuts, other best practices, etc. Try not to make the same mistake twice and be proactive. If you can’t figure smth out, tell your analyst/asso “Hi, I am not sure how to do this and I am approaching it in X way, am I directionally correct or do you recommend something else?” Put your best foot forward and trust that you will pick up on things. Good luck!

 

Quo excepturi excepturi cumque expedita. Et enim illo nesciunt a ut qui laborum. Dicta tempora sed unde at nam deserunt. Et laudantium quos sed. Repellat quibusdam adipisci eos magnam debitis aliquid quasi omnis.

Illo et reprehenderit mollitia. Corrupti optio eveniet cupiditate consectetur. Blanditiis sit esse aut aut.

Eligendi sint quod est dolor atque veniam provident necessitatibus. Minus consequatur iure sed debitis. Cupiditate et tempore dolores aliquid beatae totam. Quo non officiis magnam qui quia. Doloribus rerum eligendi totam consequatur impedit earum. Sit aliquid accusantium nihil veritatis debitis qui assumenda. Nemo mollitia qui non mollitia est.

Voluptatibus et facilis ipsa voluptates. Ut sit et quasi sit. Tempore amet rerum esse ipsam quia in molestiae. Doloremque qui consequuntur id quis sit.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”