How to be a good ER intern at a large bank in NY
Any suggestions on how to be a successful ER summer intern at a bb bank would be immensely helpful.
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Interested in any tips as well
The main takeaway from this post should be that you are there to make life easier for your senior analyst. Anything you can do from updating an earnings calendar to calling into earnings calls is a time save for your analyst.
carry a notepad around with you and write things down.
If your analyst allows you to, listen in on his phone calls when he talks to clients/salespeople/traders. You likely won't talk to clients much when you start, but it's beneficial to know what your analyst is telling clients (and to know who the top clients are).
You will likely have a big project for the summer. Ask your analyst what they expect from you as a deliverable and when they want it. Do your best to have it tailored to their specifications. If it is a modeling project or something similar, look at examples of work done by your team to see how they model things out. Each team will do things slightly differently and it is important you follow your team's writing/modeling style.
Take ownership of things. If you see a process that can be improved/project that can be done...do it.
Go to the morning meeting at your bank if there is one. It is possible you won't go FT on the team you intern for. Get to see how other analysts pitch ideas/what they thing/how they value stocks.
Get to know the other interns. You are competing with them for offers, but you can be friendly with them/go out together/etc.
Print out your work before submitting it. It is much easier to identify mistakes if you see your work on paper.
What modeling experience is expected of you going into the internship?
You should understand how the financial statements link together.
generally very little. But be at least mildly competent in excel (know basic shortcuts and formulas) and know how the financial statements link together.
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