Partner tells me PWM will be Boiler Room Style Cold Calling

Went for a PWM interview, apparently its going to be purely cold calling. He literally calls it a sales-marketing type of internship, brahs got any ideas of how to spin it off into something slightly more professional/finance related for pre-ibd experience or am I screwed? I'm a frosh

 
Best Response

dude i wish they let me cold call in my PWM internship. i mostly filed away papers, organized files, and even ran personal errands for my boss: called credit card companies , dropped off packages, brought food for the whole team, etc.

my favorite was when he called me into his office for a "big project". basically he was throwing a marketing event, and some of his old signs/banners had some sticky adhesive residue on them from last year. he gave me a bottle of chemical, told me go outside and clean the banners. yea... it was fucking awesome.

on top of that, not only was it unpaid, but i also had to pay for my own parking. so yeah.... PWM internships are pretty crap, your's doesn't sound so bad.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
 
sayandarula:
dude i wish they let me cold call in my PWM internship. i mostly filed away papers, organized files, and even ran personal errands for my boss: called credit card companies , dropped off packages, brought food for the whole team, etc.

my favorite was when he called me into his office for a "big project". basically he was throwing a marketing event, and some of his old signs/banners had some sticky adhesive residue on them from last year. he gave me a bottle of chemical, told me go outside and clean the banners. yea... it was fucking awesome.

on top of that, not only was it unpaid, but i also had to pay for my own parking. so yeah.... PWM internships are pretty crap, your's doesn't sound so bad.

i LOL'd...

 

oh and the $14 is only for "in office work" which is only like 6-7 hours a week, I also have to cold call a list in a potential client book of his on my free time and all in all I'm guesstimating to be around 15-20 hours per week of work. So not even kidding its straight up no finance and he will stop paying if I'm not getting enough people to come-which means overtime work

 
Husky32:
oh and the $14 is only for "in office work" which is only like 6-7 hours a week, I also have to cold call a list in a potential client book of his on my free time and all in all I'm guesstimating to be around 15-20 hours per week of work. So not even kidding its straight up no finance and he will stop paying if I'm not getting enough people to come-which means overtime work
this is typical mssb. they SUCK.
 
Husky32:
Lol UBS and ML are horrendously shitty as well according to others I have heard from, MS is definitely the strongest firm of the trio though so better than nothing, although I am seriously thinking about working in Home Depot (potentially a manager position) if nothing else

As someone in the industry every firm is pretty much the same. You wind up going to whoever pays you the most. Out of those three I'd say ML has the best name to it, UBS is probably the top PWM shop, MSSB is kind of a mess right now

 

i did ML freshmen summer and spinned it pretty alright. doing boutique ibd now (soph spring). i tell interviewers that i always read the ML equity research reports (which was true) and discuss what was happening in the economy with potential clients to help develop portfolio stances. and i really did start to integrate economic news into my cold calls. i also asked my boss if i could sit in on meetings with him, and thats something i often mention

 

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