How does being a summer analyst compare to being a FT analyst?
I was an SA during summer '21 at a BB IB. I really enjoyed my time there and it was probably the happiest I've been in the last few years (doing school remotely for 3 semesters and dealing with isolation really really really did a number on my mental health so being in person was a nice chance of pace).I definitely had my fair share of fuck ups, but I noticed that I was starting to get the hang of things towards the end of it. My feedback throughout my time there was generally positive and I was never told that I was in danger of not getting a return offer. The hours weren't too bad and I felt like I often stayed in the office later than a lot of the FT people on my team because I was trying to seem like a team player (although I assume that most of them were simply leaving the office to log back in at home).I ended up getting the return and am sorta anxious about being an analyst FT. I was a pretty decent SA, but I'm not sure if that's gonna mean much once I go FT. I'm just worried that even though I did good as an SA, I'm going to be completely incompetent with the added responsibilities of being a FT analyst. What are some of the biggest things to consider when making the jump from SA to FT? How did your experience change?
Congrats on the return offer. Now just relax and try your best.
Similar advice to SA, try not to make the same mistakes twice, take initiative, and be likeable.
Remember that they gave u the offer for a reason and at the end of the day this is just a job and with it on your resume, if you find that it’s not a good fit for you, you will have no problem finding another one
Thanks this is really motivating! Any tips for improving attention to detail? This was probably my biggest issue.
Longer hours and more live deal work as you ramp up
More responsibility. A VP or associate is never really going to chew out an intern for a mistake because realistically, interns are a net drag, but they can definitely make your life as an analyst really stressful if you are making mistakes.
I definitely made my fair share of mistakes due to being new and not having amazing attention to detail. Any tips of improving in this aspect?
Adderall
Create a check list for formatting and modeling best practices. Take copious notes on how everything works.
Just to be clear, most interns don't have great attention to detail. I know I didn't, but my goal began to reduce the number of mistakes as quickly as possible. Doing something right is better than doing something fast. Some Analysts and Associates never learn this. Dont be like them. You want to be the Analyst all Associates want to work with because your work is always correct, and they know less editing / review is required when they work with you. Good luck!
As an intern you're a tricycle and as an anlyst you're a Toyota Camry. Neither is particularly cool or important, but there is a step-up in terms of responsibility / pressure
So I have an engine with 200+ horsepowers and the intern doesn't? Sounds pretty cool to me
An increased sense of responsibility. As an intern, you make mistakes, probably you'll go "Teehee, I am just an intern, soweee". As an analyst you will genuinely bad cuz that's literally your job!
IB got you missing mom's spaghetti.
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