Recently accepted a summer internship offer with a top bank/mid-top group from a non-target. Our group is fairly large with a big intern class. Does anyone have any specific advice for the summer? I have a tendency to worry that I won't get the return offer since there are so many interns and because of how competitive it may be.
investment banking return offer rate
Getting a return offer depends on multiple factors. The economy, group performance, firm size and so on. This means that offers can be extended to between 40% and 90% of interns. So if return offer rates vary year to year and firm to firm, what can you do to increase your chances of landing a full-time role? The answer lies in the question itself. Focus on winning an offer not on how many offers are given. Here's some great advice on winning an offer from a certified community member @JoeyJ
On top of what everyone else has said, the most important thing is to do good work. Don't be afraid to ask questions but try to figure things out on your own and using the Internet first. Don't keep going back to an alayst with questions one at a time as that is annoying. Get a list of a few and then ask politely if they have time to answer a couple questions. Don't fee bad if they say no, they are likely just too busy, so try to ask people who don't look too busy. Print out your work to check for errors, you catch way more on paper than on the screen. When doing a turn with comments, highlight each comment in a light color as you make the change. Make sure all comments are highlighted, and then double check each one and highlight them again in a darker color after they have been double checked.
On your first day, get your computer linked up to multiple printers. 3 color and 3 black and white. Make sure each works. Learn how to send event invites and set up calls. Use another intern you became friendly with as a test. Become friends with other interns, they will be going through similar experiences as you and it's good to have them available and it's good to help others too, people will notice.
leave a traceable trail on the work you do. If someone asks for 10 data points. In your file you should have all 10 and links to where you got it from, which will make the ft persons job easier. Show genuine interest in learning from those sitting around you if they are open. If you finish at 11 and the analyst next to you is teaching you about something, ask them questions even if the topic doesn't seem all too important. Let them know you if they want to leave then just interrupt and say so but if they are enjoying teaching you then continue to learn and show interest.
You want to work for as many people as possible so more people vouch for you, but don't take on a workload you cannot handle. Doing great work is more important than doing the most work. On the flip side, it's important to work with a handful of people multiple times so that they will really push for you if you do well. It's even better if these people are well respected in the office. Becoming very close with at least one member on a personal level is also very important, as they may give you this kind of information and tips along the way.
I definitely missed some things as I am just ranting on my phone as things come to my mind right now but if you do all of this you will be in a good spot. And don't be cocky, that's the worst thing you can do. Be friendly, polite, and show respect to every single person at the company
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