What now - SA26

To best position yourself for your upcoming investment banking internship and beyond, here are some actionable steps based on the most helpful WSO content:

1. Technical Preparation

• Excel and PowerPoint Proficiency: Become very familiar with Excel and PowerPoint, as these tools will be your bread and butter. Learn shortcuts and formatting techniques to save time and improve efficiency.
• Attention to Detail: Build this skill by rechecking your work multiple times before submission. This is critical for catching mistakes and improving the quality of your output.
• Note-Taking Skills: Practice taking notes quickly, efficiently, and in an organized manner. This will help you keep track of tasks and feedback during the internship.

2. Soft Skills and Attitude

• Good Attitude and Intellectual Curiosity: Always maintain a positive attitude, even during challenging times. Show genuine interest in your work and ask thoughtful questions to demonstrate curiosity and engagement.
• Reliability and Punctuality: Be the intern that your team can count on. Arrive at the office earlier than your seniors and be ready to work. This shows commitment and professionalism.

3. Networking and Relationship Building

• Build Relationships Across the Bank: Network with people in different groups to expand your understanding of the bank and its culture. This can also help you identify the right fit for your full-time role.
• Find Advocates: Develop strong relationships with a few key individuals who can vouch for you. These relationships can be instrumental in securing a return offer.

4. Pre-Internship Preparation

• Learn the Basics: If you lack a finance background, consider studying fundamental concepts like accounting, valuation, and financial modeling. Online courses or guides can be helpful.
• Understand the Industry: Stay updated on market trends and news to have informed conversations with colleagues and clients.
• Practice Behavioral and Technical Questions: Review common interview questions to ensure you can confidently discuss your story and technical knowledge.

5. During the Internship

• Be Proactive: Take initiative and seek out opportunities to add value to your team. Offer to help with tasks and show a willingness to learn.
• Communicate Effectively: Ask the right questions when you’re confused and ensure you understand expectations clearly.
• Assess the Bank: Use the internship to evaluate whether the bank and its culture align with your long-term career goals.

6. Post-Internship and Beyond

• Secure a Return Offer: Focus on excelling during your internship to increase your chances of receiving a full-time offer.
• Continue Networking: Even after the internship, maintain relationships with your colleagues and mentors.
• Plan for the Future: If you don’t receive a return offer, start networking and applying to other banks early to secure your next opportunity.

By focusing on these areas, you’ll position yourself as a strong candidate for a return offer and set the foundation for a successful career in investment banking.

Sources: How should I prepare to be a good intern?, Q&A: Investment Banking Intern Season, Preparing for an IB internship, Investment Banking Off-Cycle Internships London-Amsterdam-Madrid Fall 2020, Non-Target to MM IB: My Advice