8 Comments
 

Had a similar experience at a BB in Houston. Culture was so bad people were quitting every month. So glad I lateraled out.

 

Worst experience is probably when I got a massive loan tape to run strats on at like 1730 and I worked on it for ages that evening and the following day, just for half of it not to save - and when I went home that Friday I was feeling a bit woozy and turns out: COVID! 

 
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I once interviewed for an internship with a small 4-5 people shop that claimed to make real estate debt investments (primarily mezzanine and the likes). With little previous internship experience, I thought this would be a great place to learn about the credit mindset. Round 1 - motivational interview, Round 2 - Technicals around accounting, DCF, etc. Round 3 - Brain Teasers and puzzles. The entire process took ~1.5 months.

Got the internship but my work involved arranging old documents on shelves in the office (my boss said I needed to learn how to arrange shelves with old deal & legal documents before he could assign me serious work), running to printing shops to print and bind random decks (God knows what those were used for) and replenishing the fruit basket in the office every week. Ironically, I was always asked how I was “progressing”. 2 months in, I stopped going to the office and a few days later without contacting me via phone or email, they simply proceeded to fire me

 

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