What NOT to do as a Summer Analyst
In the spirit of giving back, I’m going to give all of you eager interns some advice. Instead of the usual tips of what to do, I’m going to tell you what NOT to do, purely “hypothetically” speaking. Do not:
- F*ck another intern (trust me, she’s not that hot bro)
- If the above doesn’t resonate, don’t f*ck a full-timer (he doesn’t actually think a college Junior is the love of his life)
- Cheat on an intern assignment. The Company profile you were assigned is not that tough.
- Do blow with co-workers. This isn’t the Wolf of Wall Street pal.
- Wear a tie bar. Not sure where this one comes from but gonna throw it out there for you DEI guys.
- Make it clear you’re recruiting for PE or another FT job. The Warburg interviews are usually held around 7am ET, so it should be pretty easy to hide if you’re not a dumbass.
- Flex your Dad’s wealth. We get it, he’s #sick and drives a blacked out 7 series.
- Cheat on the TTS test…hopefully you’re catching a theme here. You’re going to do great this summer (attention to detail!)
- Yack at the Company event, particularly on a member of HR trying to escort you home. 2 drinks max unless you’re ferda af
- Talk about killing yourself in the teams chat HR monitors. Only ok if you’re at Jefferies, since I’d kill myself too if I worked for Handler.
Feel free to drop any more knowledge below, always good to share the wealth!
Brotha what is this shit LMAOO
This should have stayed on your pvs bro
Did the majority of these acts, YOLO
2 of the 3 happened in my group of 8 SAs last summer. Neither got returns
This post is so FERDAAAAA
I blacked out at company events. Ferdaaaaaaaa. Go big or go home come on. We'd max out that prepaid bar tab within two hours easily.
I also would repeadetly go drinking while waiting for comments with other interns and / or full timers.
It can be done gents, depends how you act when you are drunk
Alright here are my do nots:
I'll add more if I think of more. Best of luck interns. Have fun.
Surely you can feel out whether someone is genuinely nice or not? Do you have to be skeptical of everyone you meet who’s kind to you and assume the worst
I thought people were reasonable because that's what I was sold during the internship. Then I started full time and found out that people are just psychos who will blame you, belittle you, etc.
I wish I knew this early on. If I did, I wouldn't have pushed back as much when being told I was doing everything wrong when actually the person I was working was (documented btw) incorrectly reviewing work (saying stuff was wrong when it wasn't), not maintaining version control, and saving things down in random files. I should've just said "ok thanks, sorry" instead of pushing back and now probably getting not as good of a rating.
But I lowkey do not care because I am not returning to this team anyway, so I had some padding there. Can't fault me too hard if I am going to a team that has zero contact with them lol
So yes, unfortunately, you need to be skeptical of everyone until they prove you differently. People lie, gaslight, chat shit. Not everyone, mind you, but it only takes a few to make you suspicious and until you know exactly who is who.
Yeah you should try and get on/be friends with analysts you work with. Obviously they could fuck you over but if you aren't unlucky and you click and become good friends with them they'll give you sick reviews and bat for you in the round table
These are crazy stories - you’re saying you got yelled at for trying to do other work while waiting for comments? Seriously? Thats incredibly toxic
Deleted for Anon reasons. In short, yes
Sometimes when working on a model or something similar,I find it can be hard to move on without asking individual questions. Subsequently, it’s hard to make a list of questions when you haven’t been able to experience other problems because you’re still bogged down on this one thing.
A lot of the terms and things we do at my group are part of the group lingo and not really google-able. What advice would you give for tasks like this? Generally what I do is try to ask another full timer if the question is general enough.
Great question and I think it depends on the analyst and urgency. Yes, there were definitely sticking points in a model where I'd just fire a one off question because we needed to get it done ASAP. Generally, I recommend trying to figure it out for 20 minutes by referencing old materials (a lot of things we do there are reference materials for). Asking an analyst who is not involved or who may be more approachable is also a strategy I used frequently. I also would sometimes just ask the other SA's or MBA summer associates. Group lingo IDK what to say here. I read a lot of RX material before the internship so I really think there was only one term that I didn't have a full understanding of and that was when I was just asking about where a deal was to get a better understanding as to where we were in the mandate.
A lot of the work we get stuck on we can generally figure out on our own with a little time. It is a combination of time pressure, trying to earn a return offer, and having a first or second "true office internship" that cultivates in stupid questions being asked. Generally I tell people to just take a step back, take a breath, look at it with fresh eyes after getting some water, and reduce tunnel vision. This will work for intern work 90% of the time.
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