2/19/17

I'm a sophomore interning at a boutique M&A shop. Basically I sat in on an internship interview with my MD and ended up taking the lead a little bit, and was put in charge of conducting first round interviews for the summer 2017 SA class, of which I will be a part, and for junior level full-time candidates. I am hoping to move to a BB in summer 2018 and I understand that the focus will be on my technical skills/transaction experience.

This is a small firm so I suppose it makes sense from the MD's perspective, but is this experience worth putting on my resume? I have interviewed 15-20 candidates so far, mostly applicants from our Careers page and our posting on the Princeton job site.

Comments (34)

2/12/17

Hire me. It'll be fun.

Get busy living or get busy dying.

Investment Banking Interview Course

2/12/17

I think it would be an interesting thing to talk about during interviews. It would most likely be brought up by the interviewer if you list it on your resume anyways, since it's something that very few people get to do, especially in your position. Plus, you are actually doing what your interviewers are assigned to do so you can talk about interesting candidates and mistakes you noticed in interview candidates that you learned from.

2/12/17

Enjoy working in headhunting.

Best Response
2/12/17

I would leave this off, at least for me it makes me question how legitimate this place is that you are interning at. Essentially you are interviewing people at your own peer level (and your only real experience is doing a part-time during school internship) as well as peers who are older than you and theoretically should have more experience.

Is there not an VP/Associate or at least an Analyst that works there FT that should be handling this? Pretty bizarre unless this place is literally only the one MD

2/12/17

There are 4 Managing Partners and I'm the only junior person working at the firm thru the academic year. With the volume of applications that come in, someone needs to do an initial screen to thin the herd, so to speak.

Doity Joizy

2/12/17

agree - leave it off. I'd question the legitimacy of the place too

2/12/17

Is the firm's internship program competitive? I agree its a bit weird that you are doing the interviewing. How has your interning experience been so far?

2/13/17

It is pretty competitive actually. Most applicants that I thought were solid on paper and were a good fit got shot down in the second round. The experience has been good so far, I've been able to help out on both buyside and sellside deals and get broad exposure. Again you have to understand the difference in resources available at a boutique vs. a BB or MM- the owners don't really give a shit about things being "weird", they just need results.

Doity Joizy

2/13/17

Then you are fine. I just wouldn't mention it on your resume. I saw in your post history that you were questioning the legitimacy of the firm, do you feel more confident now after working on some buyside and sellside deals?

2/13/17

Yes. No doubt I wish I could get exposure to bigger deals and more products, but this is a legit shop.

Doity Joizy

2/13/17
Rumple4skin:

Yes. No doubt I wish I could get exposure to bigger deals and more products, but this is a legit shop.

Jimmy Tatro would approve

2/19/17

No one would question the legitimacy of the place on this alone - SAs have barely any experience to boot and nothing they have done to date will have any real impact. I started doing interviews when I was a second year analyst at a BB because no one can be bothered with the first round interview bull shit.
If you think that VPs have anything better to do @Quaneaser you are sorely mistaken. When the final 3-5 candidates have been selected then yea they can meet the rest of the team. Why do you think HR conducts interviews before the MDs do? Here have some monkey shit for your answer.

Bottom line OP - if you feel like putting it on your resume go for it. It sounds better than "helped on a gazillion transactions" when we really know that all you did was fuck up the coffee orders during your internship.

2/20/17
Disjoint:

No one would question the legitimacy of the place on this alone - SAs have barely any experience to boot and nothing they have done to date will have any real impact. I started doing interviews when I was a second year analyst at a BB because no one can be bothered with the first round interview bull shit.If you think that VPs have anything better to do @Quaneaser you are sorely mistaken. When the final 3-5 candidates have been selected then yea they can meet the rest of the team. Why do you think HR conducts interviews before the MDs do? Here have some monkey shit for your answer.

Bottom line OP - if you feel like putting it on your resume go for it. It sounds better than "helped on a gazillion transactions" when we really know that all you did was fuck up the coffee orders during your internship.

OP said he is a sophomore in college (doing presumably his first finance internship) and has been put in charge of interviewing other sophomore and even junior full time hires. That is completely different than being a full time 2nd year analyst (who would be 4 years ahead of OP in terms of experience).

I'm not sure what kind of bootleg operation your firm is running that has sophomore part-time interns interviewing candidates (including full time ones) but I can tell you that would never happen at any well known investment bank.

2/21/17

I'm not putting it on my resume. If you scroll up, you'll see that I've explained exactly what kind of firm this is. If you choose to see it as a bootleg operation then so be it, but I saw it as a chance to work closely with bankers that are decades ahead of me in their careers and have rolodexes that are thicker than textbooks. Haven't regretted interning here so far.

Doity Joizy

2/21/17
Rumple4skin:

I'm not putting it on my resume. If you scroll up, you'll see that I've explained exactly what kind of firm this is. If you choose to see it as a bootleg operation then so be it, but I saw it as a chance to work closely with bankers that are decades ahead of me in their careers and have rolodexes that are thicker than textbooks. Haven't regretted interning here so far.

Sorry OP the comment wasn't directed at you, it was at the person implying that sophomore interns interviewing other candidates was commonplace in the industry. Frankly ANY finance experience as a sophomore is great experience and you should feel good about interning there. As I said, I would leave this specific part off and focus on the other more traditional aspects of the job.

2/21/17

Get your head out of your own ass @Quaneaser - the first round interviews are extremely basic and I would let an intern go through them. There is nothing odd about this. Most BB have a formal hiring process which would indeed not let an intern interview new candidates as HR is in charge.
Anyone with half a brain realises that most shops do not have that type of operations running in the background, and will also know that interviewing some junior staff is not rocket science. Putting anyone in charge of recruiting would make sense and would not be out of place at all. The financial industry does not consist of just 9 banks with thousands of staff. Get out of your cubicle from time to time and realise there are other shops that are not necessarily "bootleg operations"

Investment Banking Interview Course

2/12/17

I can see it now.

Interviewer: Candidate OP, tell me what questions you would ask to probe a potential hire.

OP: Blah, blah

Interviewer: So how would you answer your own questions?

2/12/17

I can definitely see the potential for things to get weirdly meta

Doity Joizy

2/13/17

FYI I cringe when I see your name

2/14/17

cant help being FaF

Doity Joizy

2/13/17

Dude, this is awesome! Make fun of 'em prospective monkeys!

2/17/17

I realize you're joking but I actually am doing my best to give everyone a fair chance... being on the other side of the table I can definitely understand bankers' inclination to see applicants as nothing more than a school and a gpa, especially when you get upwards of 10 applications a day and you have other shit to do.

Doity Joizy

2/13/17

I would just leave it off. Honestly, there really isn't any benefit to you adding this on your resume. If I was reviewing your resume, I wouldn't be like, "damn, this kid was in charge of this firm's recruiting process.". Let your technical and financial experience speak for itself.

If you actually do learn anything from doing these interviews, it will show in the way you present yourself and the way you answer questions during your banking recruiting anyways.

2/14/17

I think you're right. How do you think it'd play if I brought this up to answer a behavioral question (tell me about a time you stepped up-esque question)?

Doity Joizy

2/14/17

I would say something along the lines of, "Since I was the only intern at the firm, there were a lot of different types of responsibilities that were put onto me...I know it sounds a little strange but I actually help aided in the recruiting process for summer analysts. I was fortunate enough to be able to sit through several interviews alongside my MDs and after hearing the stories of all these candidates, it really helped me figure out for myself the reasons why I want to go into investment banking."

That's just my take on it. You bring it up, empathize that it does sound a little strange, and then the end statement changes the topic onto the reasons why you want to do IB.

2/14/17

Enjoy your SB my mans

Doity Joizy

2/13/17

Put it on the resume. Most people don't get that kind of experience during an internship. It shows that your boss trusted you with an important process and that you were a team player and went the extra mile to help the firm. That being said, it is a little odd and make me question the legitimacy of the firm, so I'd make it a very small portion of your resume (one bullet point, maybe).

"There's nothing you can do if you're too scared to try." - Nickel Creek

2/14/17

I agree with most people here, no need to put it in

but I REALLY disagree that it makes people question your experience. in my interview for my "real" IB internship I spoke a lot about the things I did at my tiny-division internship (just me and two MDs) including performing all hiring of others, so I wouldn't discount it

2/17/17

If you get a chance I'd definitely be interested in hearing more about your experience interviewing for the real deal with prior boutique experience.

Doity Joizy

2/21/17

sure, shoot me a pm

2/17/17

Dear John,

When I trusted you with this task, the last thing I expected you to do is to rat me out on WSO.

You can pack your bags, your internship is OVER.

Sincerely,

Your MD.

2/17/17

sorry lloyd, but my name's jimmy not john.

Doity Joizy

2/19/17
3/12/17
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