Why was the virtual intern hired?
With many of us starting our virtual internship in the next couple of weeks, what made an intern stand out to receive a return offer, and what was the process like?
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How is anyone supposed to answer this if no return offers have been given yet as most internships are at most 3 weeks in
Canadian interns are finishing up soon. Good things to keep in mind as we go through our virtual internships now :)
just finished my virtual internship. It was not a virtual internship as is offered by some banks just giving some modelling training or smth but it was really working on deals and other efforts for clients.
Main good points on my review: • responsive: picked every call and was on top of emails and other messages from the top • communicative: communicated when I could/couldn’t make a deadline and made sure to ask the right questions if something from a task was unclear to avoid submitting the wrong analysis (happens more often than you think) • attention to detail: even though I was not able to print my work and didn’t have the optimal set-up (1 monitor + laptop on a small desk) I was on top of the tiny details and only made some small errors • saved the team time: perhaps the most important point, as an intern you are supposed to save the analysts’ time, not requiring tons of explanation or guidance. Know your shit around ppt and xls and try to figure things out yourself first before asking the analyst • work hard: work as much as you need to get the job done. Unfortunately, it will probably be the case that you are free in the morning/afternoon but will be swamped with work in the late nights • bonus: take some initiative and be proactive in flagging potential issues in the work you provided or flag key takeaways
Hope this helps you!
edit: did not (yet) receive a formal offer due to covid, so cannot tell you anything about the process there
This was very helpful, thanks for sharing! Good luck with getting an offer back, you deserve it.
What do you man by picked every call?
what do you mean by picked every call?
I mean answered every call. It may seem a bit basic but I have also had to cooperate with other interns who for one reason or the other did not return all my calls and left me in the dark for over an hour sometimes when working together on a project.
When working from home, don't go play Fortnite or watch Netflix in your downtime. For a limited amount of time you have almost infinite resources to explore on your firm's drive. You can look at precedent pitches, IMs, models, market updates, interview prep material and what more. I was always working when I was expected to, if not directly for one of the analysts/associates I was trying to proactively set up something and if I could not find anything for that I was just taking inspiration from work the team had done before.
This allowed me to (1) always be available to my colleagues and not be stuck in some stupid game and (2) improve as much as possible over the course of my internship.
@anabananaboa Many interns have already secured full-time offers. Before summer internships began at Citi Group this summer 100% of the intern class were extended full-time offers (as long as they meet basic requirements). Also, virtual interns are receiving some additional benefits such as being paid 10-weeks of pay, despite only working for 5 weeks. They will also receive their typical relocation allowance ($2,000) despite working from home. Not to mention being held strictly to 40 hour work weeks as online usage is heavily monitored and in person networking is cut off. I’d say, they have it EASY to what it was like just one year ago! Only negative is, it will be harder to stand out for those interns that are not guaranteed full-time offers.
Everyone on here knows that Citi along with a few other firms got auto FT... How does that answer his question though
Sorry for a perhaps stupid question, but which other firms?
Let's pump the brakes here. Just because the auto FT makes the news, that doesnt mean they can't deny you. It makes for good press, right? But they can always find a reason why you don't need to be a part of that BB. Also, the auto part doesn't mean you'll end up on the best teams. There's going to be a pecking order among the better managers and they're going to know who the better performers among the SAs are, they're not stupid. Top performers will get picked by top managers and so on down the line.
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