How to value as an equity S&T summer intern?

How do you add value as a S&T summer intern in equities and get the return offer? I don't have the Series 7 or 63 so that limits what I can do trading and sales wise. Thanks in advance.

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  • Associate 1 in S&T - Equities
Jan 5, 2022 - 10:37pm

You wont add value in a S&T internship - you probably wont even add value in your first year as an analyst. One of the MD's told me, "We are paying you to learn during your first year". With that being said, …

People know that you are capable and smart - so at the end its about headcount, luck, and the right people pushing for you. So to have the right people push for you - 1.) Engage and talk to people, 2.) do well in whatever projects they give, 3.) try to help where you can (yes, that means some senior guys will ask you to get coffee).

Jan 6, 2022 - 3:58pm

To be a good intern you just have to do the following:

1) Be interested in the product that you're covering

2) Be social, but normal

3) Talk to people outside of the desk you're working on

4) Be willing to work late if need be on projects while you learn the systems/excel.

As you stated, you're missing a lot of licenses, so you really can't do much besides maybe access some internal databases and come up with some trade ideas, or help on a research project where you need to manipulate that data.  You just need to have a good attitude and be forthright about talking to the senior guys about their roles, the markets,...etc.  Now that I'm one of those boomers, I know that I have about 10 things on my mind at any given time, so just be aware that a lot of guys aren't thinking about you by default (after all, most of the year they don't have interns).  You need to take the initiative to talk to them and demonstrate interest and competence.  Basically they will only not take you back if they think they can't put you in front of a client or you do shitty work.  The bar for shitty work is pretty low, so just get comfortable talking to people and you'll be fine.     

Jan 6, 2022 - 6:34pm

I'm a first year analyst let me tell you how to create value.

  1. Ask everyone if they want coffee in the morning and grab it. Do this again mid day and late afternoon.
  1. Order lunch for people mid day and run grab it - they don't have time to step off. I don't mean pay for them
  1. Don't be an annoying fuck - ask questions when it's quiet or when it's at the end of the day. Make sure they are smart
  1. Don't ask silly questions try to Google first. Everyone knows you don't know shit but don't strip yourself naked.
  1. You need to SIMP as much as you can to get the offer.
  1. Lastly and most importantly, there is no value to create. S and T internship is a quest to prove that you're a quick learner, you're trainable and you have the emotional stamina. This job is not for everyone don't cry in the bathroom pls thanks.
Jan 10, 2022 - 8:33am

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