Advice for S&T Summer Intern?
I will be interning on a rotational basis through various Sales & Trading desks this summer.
In the months ahead, I was wondering how I could best prepare for the internship with the intention of getting a FT offer later.
What books can I read? Movies to watch? Excel tutorials to take?
Any other general advice?
What was your internship experience like in S&T?
learn how to suck up to people. You got to make sure people like you. Soft skill > Hard skill.
What are the biggest things you learn as an S&T intern? Are there any desks where you can actually work in Excel to help model/price securities?
be proactive but not annoying; talk less and listen more; always carry a notebook around and take notes often - be curious & ask intelligent questions; network & grab coffee with people often;
I think derivstrading has written something in the past that was very helpful: //www.wallstreetoasis.com/forums/st-summer-intern-prep-2-months-out
Oh yeah, and do your homework... Which you obviously didn't do before posting this one...
good advice here--taking notes is enormously important. For the most part you have either a 3 week rotation on a desk or 1 desk throughout your internship...one of the biggest things people want to see is how you deal with the learning curve/how much you take in after the first week+...the best way to do this is to sit with all of the traders as early as possible and take a LOT of notes. they are okay with dumb questions or not knowing things for the first few days (obviously not asking any at all is better) but they will get tired very quickly of having to explain concepts to you numerous times. this is even more important if you have multiple rotations--after the 2nd and 3rd rotations come around just about every trader/salesperson is sick and tired of starting from square one and explaining the basics of the product, the movers of the product, etc--this puts even more importance on getting up to speed and doing so QUICKLY. If there is a second or third intern on the desk with you during any given rotation (can very depending on desk size) you can make yourself look comparatively much better if you come prepared, learn quicker, and ask smarter questions ASAP
aww shucks
I am a soph. and i have two offers right now and i am wondering which might look better for my junior year internship seach (in S&T). I have an offer to work at a Royal bank of canada private wealth managment office and an offer to work at the St. Louis federal reserve. Thank you for any help
Advice for S&T Summer Analyst (Originally Posted: 03/31/2008)
Hi,
This is my first post, yay! I have been browsing through a lot of threads and found the forum to be very helpful. I am from India, this summer (rather next week itself) ill be joining a BB for my S&T SA program.
What advice would you to S&T SA's? What are the must do's and definite do not's? There is a thread in the forum, I-Banking Bullpen but the tips seemed more specific to IBD.
Also, who is more important to me getting a Final Offer, the Analyst or the MD of the desk?
Thanks in advance!
This has been discussed before but I have nothing better to do at the moment so I'll add my 2c.
Don't consider yourself a member of the company as much as you consider yourself a member of the team on your trading desk. You'll meet other important people through networking events and just around the office but your allegiance should lie with your desk.
Don't feel like you're beneath getting breakfast/lunch/coffee for your desk. Its a team and you're the new guy, make the best of that. You'd be surprised how long something as simple as regularly getting food for people goes.
Ask plenty of questions, but only when its appropriate, i.e. not when one of your guys is swearing up a storm around a bad trade, in the middle of a trade, et cetera. You want it to seem that you want to learn and contribute (it also wouldn't hurt to actually want to do these things, if you don't maybe this isn't the desk/career for you).
Be proactive. If theres nothing to do, ask how you can be useful.
And as far as your final offer goes, I doubt it varies much from bank to bank, but I won't speculate across the board. In my case, the head of my desk made the final decision, though:
a)during my performance reviews, the other traders were asked for their inputs and b)being familiar with the dynamic on my desk, I'm sure the head of my desk consulted with all the other guys before the final decsion.
I was the only SA on my desk and the only analyst level employee on the desk for that matter, so I can't say whether or not they have any say, though my best guess is that they may be asked for input but not determine the final decision.
------
"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
St. Louis Federal Reserve. You don't want Canada on your resume.
S&T Internship Help (Originally Posted: 08/22/2011)
I am currently a sophomore from a non-target and recently decided that the path I am thinking about is S&T. Could you guys please post some very valuable websites that I could learn more about this division.
Also what do you think would be the best internship for this summer that would look the best on my resume for my junior year at a BB.
try to work at a small Prop shop. But be warned, it seems like S&T is on the verge of decline.
Try to get an internship at a small brokerage firm, but it will most likely be unpaid and you will be cold calling all day. Also a BB wealth management internship looks good too.
interested in this also
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