What is expected of Interns?
My question is what does a summer analyst actually do and what is expected of them, considering their actual skills and knowledge is so limited?
Trending Content - Investment Banking Forum
| +338 | Return Rates For Interns Are Falling? | 143 | 45m |
| +156 | Evercore > Goldman and I don’t think it’s particularly close anymore | 58 | 19m |
| +152 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 10h |
| +124 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 1d |
| +75 | Santander IB? | 10 | 3d |
| +68 | I hate Wells Fargo | 19 | 7h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 2h |
| +45 | How cooked am I as an incoming WF IB SA 2027? | 17 | 3h |
| +43 | WF Return offers | 28 | 2d |
Career Resources
Don't know much about what junior SAs do but as a sophomore SA, I can share what I'm going through:
Analyst don't expect you to handle advanced models, but will expect you to execute administrative task quickly. You will have to work on multiple accounts at the same time, so you have to manage, prioritize tasks and deliver them accordingly to deadlines. If analysts instruct you over some tasks, listen and take not if need be, don't ask them again when they're doing their work. If you demonstrate reliability in administrative tasks, you will get to do some technical tasks and could be guided by analyst on financial modeling.
Yeah I'm a sophomore at a small LevFin group and they usually don't even let the full time analysts touch complicated models unless there is a manpower shortage which was a bit unusual. From my experience I was also given plenty of admin tasks (organizing files, due diligence, reviewing sell-side CIMs for potential borrowers) and writing some of the credit memos for internal approval.
What you are actually expected to perform as a junior SA has just been unclear to me, especially as people here are almost obsessing over "financial modeling", which seems to me to not even be expected of SAs coming in. Thanks for the response, I'm just trying to reconcile the reality as I've experienced it versus the plenty of SAs who brag about performing modeling as if they were a full time hire.
Aspernatur iste ex quibusdam consectetur qui esse. Est porro dolorum voluptas consequatur sit. Aut quam maiores dicta deserunt.
Et voluptas aliquam quod error delectus iure aliquid. Repudiandae in molestiae ut quis. Quod vel consectetur nesciunt iusto aut.
Qui deserunt velit perferendis quidem qui perspiciatis. Et voluptatem optio odio ut ut saepe optio. Quia ullam laboriosam ipsa qui et commodi nulla. Sit sunt accusamus quasi voluptas distinctio qui adipisci minus. Ea sit voluptas quo dolorem. Sed animi dolorum iusto facilis. Voluptas ut asperiores voluptas rerum eaque fuga.
Nostrum ab harum ut non quibusdam qui explicabo. Magnam laboriosam culpa dolores voluptatum quas. Fugit debitis delectus itaque dolorum dolorem. Non quia magnam officiis et ex optio ipsum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...