How was your internship experience at each bank?
As most summer analysts wrap up internships I wanted to make a thread to get an idea of how everyone’s experience was at their banks. Our experience as interns can be strong indicators of what culture is like at different banks and this can hopefully also be a resource for people interested in recruiting. Here’s some potential questions:
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Name of bank, group type (product/coverage)
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How was your training? Did you receive group-specific training?
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What was the culture like at your group? What was the culture like at other groups, or the bank as a whole?
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Do you feel as though your internship provided a good representation of the work you will be doing as an analyst?
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What is your general impression of the other interns hired by your bank?
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How busy were you? Average hours worked per week?
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What perks did you get as an intern?
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Would you consider recruiting FT at a different group or bank? Which ones?
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Are you expecting to receive a return offer? If so, why are/aren’t you deciding to return full time?
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Rate overall experience: A/B/C etc
I’ll go first with my experience interning at Barclays:
Training: got training by Wall Street prep, also received group specific training
Culture: people were extremely helpful and welcoming, enjoyed working with coworkers at all levels
Work: got staffed on a live deal + plenty of pitches and although the work was boring, it never felt pointless
WLB: Ranged from 60-80hrs
Perks: protected saturdays + $30 meal and Ubers after 8. Three mandatory days in office a week
Expecting to receive an offer and will likely accept. Am happy with my group and will not re-recruit, I learned a lot and just really the analysts and associates. Plus my group seems to be doing well and getting M&A exposure from coverage is great. Overall: A
BarCap really living up to its rep as the friendliest BB
Can confirm everything
Although i would be interested in switching coverages
Adding for Continental European Office:
Training:No formal training, but group-specific and WSPrep docs available for self-use
Culture: Extremely good, very helpful people across all levels and groups. Local Head of IB even took time take a coffee with me during week 1
Work: was on 2 live deals, plenty of pitches and other situations
WLB: 80-100
Perks: No marketing on weekends, protected saturdays. €30 dinner and uber after 8. 3 mandatory days in office
Have accepted and returned since. Highly recommend - A
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Thanks for sharing this, wondering if this is for RX?
Did u intern this year and rerecruit?
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Citi - bad
Goldman Sachs
Classic IBD (TMT/FIG/HC/NR/CRG)
Training: Training the Street, pretty basic stuff but also group specific training held by analysts
Culture: People were very friendly and were willing to take the time to help you learn, enjoyed working with everyone
Work: Really interesting stuff both in coverage and in M&A, given as much responsibility as you can handle
WLB: Mostly dependent on what deals you were staffed on, some interns left at 8-10pm everyday while others were 3am-4am consistently. Average 80 - 90 hrs.
Will most likely accept my FT offer, really happy with my groups culture and the people were great. Overall: A
What are the perks like? E.g. meal stipends and ubers? Also, have you heard anything about the INDUS group culture? Thank you in advance!
Perks: $30 for dinner after 6pm and another $30 meal after 11pm, free uber home if you stay past 9pm. Gym is pretty nice in the building and is $50/month. Free coffee throughout the day.
Ind from what I know has a pretty rough culture. Not sure exactly as I dont have first hand experience but I think they are more professional and uptight but just what I've heard.
JPM Coverage NY
Training: Financial Edge and group specific training
Culture: Very nice people, willing to teach SAs, lots of team bonding events
Work: A couple live deals and a couple pitches
WLB: Would leave anytime from 10pm-3am so really varied
Perks: $30 dinners and $30 2nd dinners/late night snack after 10, Ubers after 8, free meals and Ubers all weekend basically
Overall: Great experience, didn't get crushed too badly but some others in my group did. Accepted FT offer.
Point72 Academy - NYC
Training: Wall Street Prep (must self-learn all the content and be done the courses before the internship starts)
Culture: everyone is very intelligent + lots of quirky/interesting personalities
Work: TONS of experience in eight weeks (pod rotation + pitches + industry ramps + more)
WLB: generally ranged from 70-100 hrs (extremely intense holy fuck)
Perks: $30 meals, ubers after 9
Received a return and have already accepted cause fuck it
Base?
125k
What percentage of interns were given a return offer? Tips for getting a return (i.e. how important is fit and the final pitch)? I will be interning there next year and would love to learn more. Thanks!
- 69%
- Fit is not extremely important
- Don't be stupid
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