Summer Analyst Reflection

Reposting as I was being a pussy before and deleted the post after fear that somebody may be able to identify me.

Background: Interned as a SA at a large bank's satellite office which is top 20 in IB fees but is not considered a BB and frankly has pretty weak brand equity

My Observations / Tips to the Internship Process:

1. Be skeptical about whatever story you're being pitched during recruiting. Due your own due diligence on groups before accepting an offer by asking your network, searching on WSO, etc.

My bank advertised that A) # FT offers = # Interns and B) BB experience on your resume.

Both A and B were false. Reality was that A) # FT offers = 1/2 * # Interns and B) People not working at this bank don't see it on the BB-tier.

1. Modeling seems to be very stressed in the forum and I naively thought that this would be part of my internship in a coverage group. In my coverage group, the coverage analysts did not model at all as the M&A team handled this.

PPT Skills > Excel Skills

1. Satellite offices run their own recruiting and its processes seem to be more fragmented than NYC offices. CIP, data sources were a mess and standardized bank templates used by NY teams did not seem to translate over.

2. Figure out who the key decision makers are in that office. Get coffee with them. Tell them you're interested in their space b/c of X, Y and Z. Ask if there is any project or research that you can do for them.

3. Know your place as an intern, the whole thing about always having a good attitude is so important.

4. Consistently seek informal feedback. I remember seeing a post how it helps to have at least one good non-working relationship with a FT; this is important as that person will be more likely to give your unfiltered feedback from the group.