Intern duties...Job description vs reality

Hey guys, for those of you that interned, what were your daily tasks while on the job and did they line up with the job description? I'd like to hear from those working for principles and/or firms and those on the debt side too.

 
Best Response

Interned at a megafund in their acquisitions group. Underwrote deals all summer, met with heads of investments about prospective deals, and flew out/shadowed the head of the Chicago office and toured value add opportunities. It was killer.

 

Interned in appraisal, mainly did research (rent comps, transaction comps, economic outlook of the area etc.) and updated the reports accordingly, got to go on some property tours, kinda matched the job description as it was advertised as a research role. I was going to get underwriting experience using Argus towards the end but I left the position. Interned in multi-family brokerage, all I did was underwrite properties for BOV/ OMs, this also matched the description. My first internship was unpaid and I basically didn't do anything, it was come as you want and help with some minor grunt work, many days I'd just do the work from home.

Array
 

I'm trying to get someone close to me out of their decent but not great job in the tech industry. She's a graduate from a top tier UC here in Ca with a strong background in mathematics. She's not a salesperson at all but I feel would make a great Agency underwriter. The pay advances really fast in UW...by year two she could be making $115k plus 25% bonus.

I've got about 3 or 4 agency loans coming up and in order to get her some CRE debt experience I've thought of making her an intern for these deals and my other deals so she can have a slightly stronger resume. She'd be loan sizing, completing loan apps, SOR's and stacking files for me is what I'm guessing.

 

also at an mm firm.

built a model and worked on about 2-3 live deals. i have done a handful of pibs and profiles, but that tends to be a small fraction of my work. most of it is between putting together presentations for deals, updating models, comps, etc.

i'm at one of the large mms, but to be honest, so far, the deal sizes have been at the high end of middle market. 1 billion transaction size or so.

 

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