I deserve to be pissed at this right? Literal Scam Internship
Bro I am a summer analyst at a tiny botique in Connecticut (I am a sophomore in college).
The interviews they painted the picture I’d get reps making slides, being on calls with clients, some modeling (heavily supervised though)
Dude I shit you not my let me give you an idea of the internship based off random things I am asked:
1) MD: Can you please find me good restaurants in the ___ area ? No we are not restaurants vertical focused or consumer retail homie seriously was having me draft a list on excel of restraunts for him to try…
2) I get asked to take out the trash
3) VP asked me to make him a list of movies he should watch
Theres more but you get the picture. I’m treated like a monkey dude.
I am also UNPAID. If I was atleast paid I would swallow my pride and ego and just do whatever they wanted fuck it I am getting paid.
Recently I was visibly pissed in the office and my MD called me out on it… At first the first 2-3 weird and bullshit asks I just smiled and did it I am only 18 years old what do I know I give no value I’ll just do whatever but now I am fed up.
I guess they are just trying to see if you’re okay doing all work. I’d be disappointed too but again that is what internships are in general - always disappointing. I did an internship at a Microsoft last year and that was underwhelming as fuck. Felt like everybody there was just waiting for their equity to vest. But anyways just keep this internship until you find something better.
Man I would hate to have an intern like u
wow u have no balls no way id be treated like this
ur such a loser
Dude relax, why u up at 4am getting riled up over this? Sounds like u don't have any actual work going on anyways
just do peak frameworks or some powerpoint training modules when you’re not tied up with BS tasks. boutique IB looks good for a freshman (sophomore?) intern, and you can always bullshit your resume bulletpoints. i don’t think you should be concerned about not getting paid 10 dollars an hour or whatever. do not get angry in the office anymore. if you get fired than you can’t list it on your resume, and you’ll have truly wasted your summer.
This the best course of action. Bite your tongue and ride out this "IB Internship". Take on financial modeling courses or give yourself assignments for PowerPoint. When I first wanted to do IB, I had this gig in back-office and wasn't a part of the financial modeling (like at all). But... I still had access to the financial models. I dissected the logic of the workbook and even created my own for a few CPG companies before or after work. It was more of a "can I recreate this?" challenge for me to build it from scratch and have the three statements flow properly.
is this rock elm capital in darien?
Theres so many random shops a long the edges of Darian Rowayton and Norwalk area. I imagine they all operate the same with interns from Fairfield and Fordham hahaha
dawg no kidding i know like 3 people from darien going to fordham and interning at small shops lmaooo
Just do the work holy shit, entitled little brats
that literally isnt work thats just disrespect
Why do you deserve their respect? You're an intern. Your job is to do what they tell you. Even if you did all the things they claimed you would, why would it matter? You won't have learned anything in a few short weeks anyway; and learning to deal with the bullshit is a valuable skill.
Long story made short, you were never in a position to provide value and if there is no deal flow for you to work on, why do you feel entitled that these people with real jobs must go out of their way to make your summer experience rich and rewarding? Your argument boils down to "they should bend over backwards to make me feel like my time was well spent." Sounds like you're an absolute joy to work with
name of firm? sounds fun… i’d like that internship
It may be shit work but just get through it with a smile and recruit for FT at a reputable IB. In terms of selling your experience here... I guess you can exaggerate your responsibilities but make sure you know what you are talking about because it will easy to tell if your BSing
Take a little initiative: when you call to make your MD a reservation, turn it into a pitch.
This is pretty clever
As an intern / analyst you will be tasked with all kinds of BS like booking restaurants for client meetings, arranging a parking spot for a visiting client, giving hotel recommendations to buyers flying in for the MP etc. Seeing that this is a small boutique, it is understandable that they don't have the personnel to take out the trash but do it themselves. However, tasks that are obviously not even work-related like making a list of movies the VP should watch is completely bullshit. It's either the weirdest type of test I've ever seen or they are just messing with you (which probably becomes even more funny to them if you get upset).
Do you get to do real work as well? This is just an internship and you're in a great position to have an IB internship at only 18 years old. It will help you a lot in future recruiting. Take the BS tasks that are clearly not work-related with a bunch of salt. Do them, but also realize there's a high chance they are just messing with you. If you become upset, they will think you're stupid who doesn't understand it isn't serious and if you take it super seriously they will also think you're stupid because you don't understand it isn't serious.
Next time VP asks you to give him a list of movies or similar, just say something along the lines "Did we run out of logos to arrange for project XYZ?" and smile. Tell him how important it is for you to give high-quality recommendations and would like to devote 2 hours a day of your calendar to test-view a bunch of movies and give him a list with high-quality recommendations at the end of your internship. You get the point. Don't be upset about it or super happy to do it since it's obviously BS. Try to push back on it in a funny way and if they are complete assholes who are actually serious about it, I guess you will just have to do it and shut up about it.
"Mr. VP, I would need to take 3 weeks off to watch around ~ 30 / 40 movies - including Oppenheimer and Barbie (which, obviously, I will request to be expensed by the firm because it's a work-related activity) - but I'm confident that in 3 weeks I will have the best movie list for you, my Supreme Lord. Moreover, I would also propose to expand the research spectrum and explore global opportunities that may fit you, such as Bollywood movies, South African ones, Chinese, etc. and I'm ready to fly to local cinemas in those jurisdictions to gather up-to-date and accurate information/reviews/impressions about those movies (again, obviously, the firm must expend those costs as they're work-related). Otherwise, I'm afraid I may be unable to deliver a high-quality product that may fit your standards - unless they're extremely low, as one may conclude based on the firm you work at"
I hope you stretch the BS this far, OP, because your VP is a total joke.
What a charming response
it's not a test. they just don't need him. but let him hang out at their place cause he probably goes to the same school that one of the senior bankers at the boutique graduated from, and they are just helping kids who didn't land anything.
Just quit tbh, you want to work in IB and working as a PA is just useless
You’re a sophomore IB intern, but your profile says certified IB 1st year analyst?
I think they've automated the process and don't do manual checks anymore.
He still selected Analyst 1 as an intern. Sounds like a scam to me.
Honestly I would love to give out movie and restaurant recs as an intern but idk just me
Sorry u gotta take out the trash tho and aren’t really getting any real work
Any firm taking an unpaid 18 year old is a scam
Never Happened.
nah this stuff happens
Was asked previously already, but IMO this depends on if you're doing actual work too. If you're doing actual work as well, or if the BS tasks are ALL you're doing. If this is just something they have you doing every few days when nothing else is available, get over it. If you don't get to do any real work, that honestly does suck and i feel for you, but better to just grit it out at this point, unless you have a different opportunity.
Do you go to school in Connecticut?
This situation sucks but you have to remind yourself of the value of the internship. No one expects a sophomore intern to do anything meaningful. The value to you is being able to list IB Intern @ LMM Bank + receive a good recommendation. All the modeling, client interactions, and marketing material development is great but don’t let the negativity from the lack of this experience cloud the positive aspect of simply being able list you interned in banking.
Here is a suggestion to receive more meaningful work.
1. Do the menial tasks with a smile on your face and effectively, which will help you gain the trust of your boss.
2. Start asking smart questions about the business, clients, deals, ect. This will show them that you are at minimum interested in the actual work.
3. After expressing interest in the work, ASK if you can look at work products to learn more.
4. If you do this right, you will be given some simple business tasks. If they don’t offer you any real work, you should ask for it at this point.
I had a similar internship ironically my sophomore year. My bosses were hardcore ex Lehman type brokers and would ask me things like “did you fuck this weekend?” or to randomly have me print or research stuff at home. But I did do things like help their vacation itinerary, fetch coffee, and pick up Burger King (they at least gave me the keys to the Range Rover to pick it up). Eventually after a year there part time during school I stopped working my senior year and decided to full time party and they still give me good references for being a good sport.
Go hard in the paint a bit and be helpful then slowly taper off and they’ll be more likley not to want to cut you. As an example, I’d push back on things by saying I had another job at the time (I did but it wasn’t what I said) at a pizza spot haha. They couldn’t say shit about me “working nights” to make money when it was unpaid. Idk the vibes there but you’re only a sophomore so just do all the admin and bitch work cause most of those internships pre junior year are everything you’re saying you don’t like (just some are payed).
As long as they’re not milking you for post 20+ hours and “home work”….ride this out and get a nice fall or summer internship next year. Last suggestion on this I can give is to be perfect on all that bitch work stuff and finish it early and efficiently then slowly ask or “find a way” to help on business related things. Don’t be afraid to speak up and share ideas unless that’s a total chop shop exploiting you.
Exaggerate (don't lie) your experience in your Resume and keep recruiting
I had an internship that was pretty similar to this. Even though you’re doing BS work it seems like you have down time.
Go on their drive and learn about one of their deals so you can speak to it in interviews. Study up on technicals and get ready for the next step.
they probably didn't provide a laptop or access to their drive to him. the best he can do is to take online fin modeling classes when he's not taking trash out or compiling movie lists.
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