The 10 commandments for surviving your summer internship
Moderator Note (Andy): DM123 completed an engineering degree and an MBA. He has work experience as an investment banking analyst, mid-market lending analyst, and is currently a corporate banking associate at a global investment bank. He also has co-op experience in management consulting, and in institutional fixed income money management.
When I look back to those days as a summer intern, I can’t help but recall the “rookie mistakes” that either I or my fellow summer analysts made at our first Wall Street job. Follow these 10 steps and you’ll be sure to have a successful summer placement:
Gave you a SB. I'll definitely be applying this to my spring and summer internship.
Silver Banana for you, will be helpful for a bunch of people on here!
Good stuff. I'll second number 7 (Check over your numbers). I definitely made that mistake this past summer, but only once.
I'm somewhat new here, but this forum helped out a lot through recruiting and not making (as many) mistakes during my SA stint so I though I'd add a few things.
1) Never refuse any social invitation from anyone in your office even if you're tired and really just want to get some sleep or meet up with college friends.
Make an effort to grab coffee/drinks with anyone you interact with on a day-to-day basis. Taking the time to talk to someone about the sport their kid plays or how their favorite sports team did last weekend will help when it comes to getting some leniency over that bust regarding different EVs on different pages of the pitchbook...
2) Fit in with your Summer Analyst class.
If the full time guys can tell you aren't meshing with your SA class, then you will be on the bottom of the list of the guys they want to bring back.
3) Know your role.
Don't be the guy that even mentions that "Chinese Cross-Border M&A Deal". Take the assignments that you're given and do them right. If you're working with an analyst on a deal, offer to go through and double check the comps, volunteer to knock out the PIBs (before he just tells you to do it), order his dinner off of Seamless, etc.
Make his life easier and he'll teach you a few things and maybe even give you some entertaining stuff to work on. Mission accomplished.
Number 7 cannot be stressed enough, during my first two weeks this summer during my internship, I made stupid errors and they were errors that were easily avoidable but since I was rushing to get the work done, I fucked up. After the few times, I made sure I quadruple checked my numbers, formulas, and outputs before I send it over to my manager.
Everything is true. Simple and useful advice.
Number 7 is the best advice ever. No one will remember you for a job well done because they won't have to do anything, but they will remember you for a bad job since they will have to spend time cleaning your mess...
Also number 9 is important but I feel like it should be re-worded. You never know if there's some weird office politics and you're caught in the middle of it so it might not be such a great idea to treat every one as your boss since they might use you for some info or something... But definitely be nice to everyone.
Thanks for the list!
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