I have my first day as an analyst intern at a boutique investment bank coming up and I want to be prepared so I don't look like an idiot in front of the other interns who have already started. My main concern is what (if any) types of models I'll be expected to build on my own already? Should I already know how to build an entire integrated financial statement from scratch? Focus on DCF? I'll be working with the M&A team i believe.
Anything helps, Go Cougs!
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You will not be expected to build any models on day 1 of an internship. And I'd be surprised if you get to build a model by day 90 (or whenever your internship is over).
Yes there is no expectation for you to know any model. There are plenty of templates in each team anyways
That is certainly a relief. However it leaves me wondering what I do need to be prepared for? I've read several forum topics about what to be ready for during an IB internship, but to be honest for such a daunting career it seems like anyone could perform the duties of an intern and maybe even an analyst.
Well yeah. pretty much. Get good at taking lunch orders :p
But in all seriousness, study up on VBA (for excel) and how to properly build pitch books
You'll learn everything you need to know on the job. Chances are this boutique does things differently in their own way, so don't bother spending too much time learning how to put together a pitchbook or even modeling, because you'll learn how to do so, if you ever get to create a model.
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