Starting S&T Internship — Rules of surviving the desk?

To thrive during your Sales & Trading internship and increase your chances of securing a return offer, here are some key insights based on the most helpful WSO content:

1. Desk Etiquette and Timing

• Be observant during critical hours: Avoid bothering traders during market open, close, and the first 1.5 hours after market open. Use this time to take notes, observe, and absorb as much as possible.
• Ask questions strategically: Prepare thoughtful questions in advance and approach traders during quieter periods, typically mid-day. Confidence and timing are key.

2. Build Relationships

• Network across desks: Even if you're not assigned to a specific group, make an effort to meet people from other desks. Write down names to remember them and build rapport.
• Be likable: Engage in light conversations about sports, weekend plans, or general topics, but avoid oversharing or inappropriate topics. Bonding with colleagues can make them more willing to help you.

3. Show Initiative Without Overstepping

• Ask for work, but don’t overdo it: Offer to help with small tasks like PowerPoints or research summaries, but focus on your main projects and trade pitches.
• Shadow effectively: Prepare questions before shadowing and take comprehensive notes to avoid asking the same thing twice. Analysts and associates are often more approachable for feedback than senior staff.

4. Deliver Quality Work

• Nail your projects: Whether it’s a stock pitch or a research summary, always run your work by someone on the desk for feedback before presenting. Style and attention to detail matter.
• Follow the markets: Stay updated on market trends and have an opinion or insight ready. This demonstrates intellectual curiosity and engagement.

5. Social Events and Team Dynamics

• Participate in social events: Attend all team events, handle your alcohol responsibly, and avoid any behavior that could harm your reputation. Build a support network of mentors and buddies who can vouch for you.
• Collaborate, don’t compete: Focus on adding value to the desk rather than trying to outshine other interns. Help others when possible, and let your work speak for itself.

6. Be Resilient and Adaptable

• Own your mistakes: If you mess up, take responsibility and fix it quickly. This shows maturity and reliability.
• Stay humble: Don’t act like a know-it-all. Traders expect you to be a beginner, so focus on learning and improving.

7. Prepare Your Story

• Know your “why S&T” story: Be ready to articulate why you’re interested in Sales & Trading and your specific product area. Practice this until it’s second nature, as everyone from analysts to MDs will ask.

By following these unwritten rules and maintaining a positive, eager-to-learn attitude, you’ll position yourself as a strong candidate for a return offer. Good luck!

Sources: How to be a good S&T Intern, Getting an S&T Return Offer - A Survival Guide for Future Interns, Getting an S&T Return Offer - A Survival Guide for Future Interns