Monkey to Millions | Grace (Session 16) - Big News AGAIN
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In this session, Grace shares some more exciting news. Plans for the Summer 2022 are already taking shape and she tells us what offer she decided to sign.
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WSO Podcast (Episode 16) Transcript:
Patrick (CEO of WSO): [00:00:23] Hello and welcome, I'm Patrick Curtis, chief monkey of Wall Street Oasis, and this is monkey to millions. A show where you get a front row seat as I mentor young students and professionals to try and help them break into their dream jobs in the first cohort. You'll meet four students, all preparing for intense job interviews while trying to also balance a personal life and schoolwork. The goal of this show is to shine a light on the struggles of trying to break into competitive positions with a non-traditional background and to give you a roadmap for your own success. My hope is that as you get to know these four impressive students, you're inspired to dream big. Remember, these are real people, and this is their true story. Let's get to it. This session, Grace shared some more exciting news plans for the summer. Twenty two are already taking shape, and she tells us what offer she decided to sign. Enjoy. Okay, Grace, this is like session 15 or 16. I can't even keep count anymore, but how long has it been? A year and a half now?
Grace: [00:01:29] Two years? Yeah. So I started in October of twenty nineteen. I think it was. Yeah, so 19, 20.
Patrick (CEO of WSO): [00:01:35] Yeah, so almost coming up on two years and like a year and a half, basically. Yeah. Ok, so tell us the updates because I think people are waiting to hear. I know you were in the midst of recruiting. You already had. It was a reminder you already had City Summer lined up for.
Grace: [00:01:51] Yes. So I line that up. Last fall, I think it was October twenty.
Patrick (CEO of WSO): [00:01:55] Yeah. And so now all this recruiting was for the junior summer, correct?
Grace: [00:02:00] Yes. For a summer twenty two, which as far off as it seems from now, has already recruiting already in full force for that.
Patrick (CEO of WSO): [00:02:08] So OK. So yeah, give us an update. I remember there was Blackstone, there was, I think you said pwt or P.
Grace: [00:02:15] Yeah, pWt and then BWP. So I yeah, so I have an offer all signs. So I received an offer from Blackstone, ultimately their real estate group. So I'm thrilled about that and all the paperwork is submitted. It's all official now. So that is a huge relief. And it's, of course, that was my top choice as well. So just I'm very, very happy to have gotten that
Patrick (CEO of WSO): [00:02:41] An amazing
Grace: [00:02:42] Was a long interview process. I think it was eight interviews total with Blackstone throughout the process, but it was nice because let me meet so many people from the team and the majority of the people I interviewed with were actually principal level or above or director level or above. So it was more senior people than junior people that I met actually through the interview process. But because of that, the interviews were very, very conversational. I think I might have been asked one technical question throughout the entire process. And part of that is a function of it being real estate focused as well, like real estate, private equity rather than just regular private equity. So I'm not sure how much that affects that aspect of it. But yeah, it was a really good process. I clicked super well with all the people that I talked to, and of course, I've been interested in the firm for a long time. So very, very excited about that. That's awesome. You know, if
Patrick (CEO of WSO): [00:03:40] You know anything about like return offer rates or anything like that and do you know anything about like, is this real estate private equity group or are they making direct investments in properties or is it more like portfolio? Are they looking at are you doing like management or portfolios so that their current thing? Or do they have like a traditional fund, you know, like LP?
Grace: [00:03:57] So yeah, so it's more traditional real estate, private equity and the in terms of or to answer your first question about return offers. So everything in my understanding is they don't really hire that many interns to begin with and the ones that they do hire, they hire with the intention of bringing back full time as well as everything goes well. Yeah, so it's not it's not like some of these banks where they hire twice as many people as they know they're going to give return offers, too. It's not like that. So that's good because of that. That takes a lot of the competitive pressure off. It's not like you're competing with every other intern for an offer. It really is just about doing your best and
Patrick (CEO of WSO): [00:04:37] How big is like 10 ten of their interns or something
Grace: [00:04:39] Or in my particular group, I'm not entirely sure because so I initially had first rounds with three different groups within real estate with asset management, breit and acquisitions. And so the three is there. It's the smallest, I think it's the smallest group within real estate. And so that's because it's newer, it's their real estate investment trust. So it's just something newer that Blackstone's done, and they only took their first summer analyst. I think it was two summers ago. Yeah, I think it was two. And so every summer since then, they've only taken one summer analyst. That's just because they're small.
Patrick (CEO of WSO): [00:05:14] That's the one you're going to be joining the right?
Grace: [00:05:16] No, no. So that's I had a first round with them, though, OK? And then I also had a first round with acquisitions, and then I had a first round with asset management. And that's the group that I ultimately got the offer from all the way. So that worked out really well because between acquisitions and asset management, I mean, those were the two that I knew more about going in just because they're bigger groups compared to right and in asset management, you get to each person essentially works with maybe two to. Three teams within the broader group based on asset class, so for instance, one of the people I interviewed with works with on the industrial team, so like all kinds of industrial real estate, and they also work on the team for student housing. So of course, that's a slightly more niche, smaller area, but that's the way it is for most people, it seems like, and that you work on one larger group of a broader real estate asset class. So industrial real estate or retail, multifamily, things like that.
Patrick (CEO of WSO): [00:06:18] And then what type of work are you doing as under the asset management branch? Are you like you're managing the portfolios? But in what sense, though? Like, What are you?
Grace: [00:06:26] It's a lot of strategy around. I mean, it depends on the asset class with some of them, it is going to be more hands on in terms of if you're carrying out a business plan and you're adding value to the property or just creating change in the value of the property and then a lot of strategy around the disposition process. And that was a lot of what my interviews focused on was just kind of talking about, how do you think about that? And so I really enjoyed that too during my interviews because in a couple instances, they brought up specific properties in the city. Of course, like living in the city, like, I know exactly what they're talking about. I walk by them all the time and they're saying they're telling me about. So we've had this for this long and this tenant just left, and they were taking up 15 percent of the building. And so now we need to think about and like all these other factors, essentially. And so how would you approach this? So it's things like that which I really like, and that's cool. I also have been told anecdotally that there at least this is from one individual's perspective, at least that a lot there's a good number of people who start out in acquisitions and then actually move to asset management just because of the nature of the work. So in acquisitions, it's a lot more generalist, especially at the junior level, and that you're working on every kind of transaction from a single $50 million building to an entire $2 billion portfolio. Everything from industrial to retail to multifamily. So because of that, there's not as much specialization that you get to have over time, whereas in asset management, there is more opportunity for that and you can really delve in deep in certain areas that you're interested in.
Patrick (CEO of WSO): [00:08:11] So that's good for you, like for your career, like early on. I get a little nervous when I hear that, like finally getting to niche like for me because I
Grace: [00:08:19] Was doing is it's not too. It's not like you're going head first on one thing. So there are, like I mentioned, there's multiple groups you can get involved in and also at least at Blackstone. And multiple people have told me this in separate occasions. How, even if you're on a group say that covers mainly industrial properties, then you if there's another specific property or acquisition that you're especially interested in, you can speak up and then you can be involved in that. So like Blackstone. I don't know if they still own it, but like Great Wolf Lodge has one of their investments, and I remember someone I was speaking on the phone with an asset manager was saying a good friend of theirs on the team, I think was on the industrial team. But they were really interested in that property in particular, and they spoke up and they were able to be involved in, even though normally their team would never do anything with hospitality or hotels. So you can. Still, there's still so much flexibility in terms of, you know, what I
Patrick (CEO of WSO): [00:09:19] Want. Yeah, I like it sounds like. I mean, it's obviously an incredible firm. Probably the best place you could do something like this. So hats off, super major. Congratulations. It's super exciting. And I like the fact that you are getting banking one summer and you're getting this and other summer because I think it's going to be very different. Right. So I think I like that because let's say you do banking and you like the transactional type of nature of the work or whatnot, And then you come over here and then like by the end of the summer, if you're thinking like my only concern is after a year or two of working in like that real estate or niche, let's say you're only doing industrial properties like in three or four years. Down the line, what are you going to do? You're going to move up within the group, stay at Blackstone or what are you going to eventually want to do?
Grace: [00:10:08] Do you have any thought around intention? And even before I had Blackstone, or even before I started this recruiting cycle, I've always had the intention or the goal of being able to start out somewhere where I can rise the ranks and stay there for a while. Yeah, I know that it's natural for people to move firms, obviously, and that's what bankers interests and banking as well. But that's another very attractive aspect of it to me is especially having done a banking internship now for almost 18 months, I know that it's obviously a very different experience working at the boutique that I've been at or as two boutiques now that I've been at and then going to City this summer. I know that that's a very different experience, but I still have had enough exposure to the M&A process and kind of how that works. Yes, especially because all the work that I've done, or almost all of it has been directly with my MD. I feel like I've gotten a good look at the perspective of how it or some how it works once you get more senior. And so it's helped me kind of. Yeah, that's huge value in my head. Is that something I would want to do in the long term? And so as I've been able to consider that over time too, it all really helped point me in the direction of lifestyle is a big difference,
Patrick (CEO of WSO): [00:11:32] Right? So the asthmatic lifestyle, like you actually may be able to get out and not be working.
Grace: [00:11:37] So I mean, at Blackstone, at the junior level, it's going to be just as rigorous as being a banking analyst. And they told me that in the interviews, too. But I could also speak to the fact that I’ve been working part time in banking since December of 2019. So like, I have an idea of it and I know how to manage my time and manage the stress and everything.
Patrick (CEO of WSO): [00:12:02] So there's a lot of stress. It'll be stressful either, whether they work really hard there too. So I mean, it's not going to be easy,
Grace: [00:12:09] But that's why I'm excited about is because it's I know it's something I'm very passionate about. And so I've and that's a huge part to I think that I really, I don't know. I guess I expected it to an extent, but I was surprised about just how much, at least in Blackstone's interview process. It's really about your genuine interest and displaying that genuine interest. And I think that's what gets you really far. And it's, you know, there's and that's in contrast to some firms, especially on the banking side, where it really is about the technical. So I had first rounds with Evercare. I did their women's day and this was all during the same like diversity recruiting cycle, essentially when Blackstone was going on and those interviews were one hundred percent technical, which I know is also something you would expect during a first round. But I saw that as a complete contrast to what my Blackstone interviews were like because like I said, throughout that entire process, I received one very simple technical question and that was it. And it was really more so talking about why are you interested in real estate and then being able to actually communicate the genuineness of that interest? And I think that's what got me really far, especially in my final rounds. And because I had a lot of personal stories and just kind of more anecdotal things I could talk about, that's what really helped me, I think, and that's what made the difference.
Patrick (CEO of WSO): [00:13:37] Yeah, absolutely. I think if there's a genuine interest, it can. It shows, especially if you have the stories prepped, you're well prepared and all that stuff. It's very easy. You're like going to automate. You just start talking about it excitedly. And I think they feel exactly. Yeah, I know it helps a lot for the interviews. So yeah, I think it'll be good because. Let's say in a certain case, you get to you do city, you're like, Oh my gosh, that was. That was crazy, this internship this summer internship, definitely not for me and a bulge bracket, but you're like, I kind of enjoyed the work. The work was interesting. And then you go to, let's say you go to Blackstone Real Estate Group and you're like, Oh, I love the asset class. It's interesting, but my concern is potentially I'm going to be doing the same too much of the same thing. That's my only concern is like if in five years, moving up is enough to challenge you intellectually through the ranks there where you're not that banking is going to do that. But I'm saying, do you want to set yourself up early in your career where you're specializing? So you're specializing really early now, if you're just super passionate, you know what you want to do and you feel like the trade offs of lifestyle as you grow up, as you grow up and get further along. I think Blackstone's an amazing place to be. You're going to get paid really well, you're going to learn a lot from brilliant people. It's just kind of the difference between becoming like immersive, almost like the banking where out is like almost like you're hired gun mercenary or like you go in for two years, you do your boot camp and then like, you can basically go corp Dev Corp, M&A, private equity, other things where I feel like this, if you do this, it's very much like. You've made that decision beforehand, which is awesome, because then you can avoid all the stuff, right? So it's good, it's good. It's just like you want to go in eyes wide open. And the good part is you don't have to make that decision until summer end of summer twenty to twenty two.
Grace: [00:15:26] I do I'm very sure of my interest in the area that's also and I have I’ve had so many interactions with Blackstone as a firm two or more generally that I'm I feel very, very good about It going in. And I do like I said, I clicked so well with all the people in my interviews and just other people that I've spoken with as well. I really think that I know that culture and fit are so overused and it's so cliché to say, but I do genuinely think that I will fit in really well there.
Patrick (CEO of WSO): [00:15:59] That's awesome and tell me a little bit about so the other interviews you had Evercore. You said first round that
Grace: [00:16:05] Didn't go forward or it did. So they I'm not entirely sure how their process is split out because I got into their women's program. And for them, it's not as robust of a program or the like the like. Usually with other firms, it'll be a one or two day thing over Zoom, where it's a full day with Evercore. It wasn't quite as involved. It was just like a half day over Zoom, and there were no interviews to get into the women's program. It was like a resume screen. So I'm not sure how that worked. But then so I was selected from that group to have first rounds. And then from there they select certain people to go through. It's almost like in my impression, at least it was like a double accelerated process. So they had a small group that went through that and they had general accelerated diversity recruiting a few weeks later. And so I would have been invited to participate in that second one. Not the very first one, but they told me that right on the same day that I got my Blackstone offer. So I just responded, you know, I'd let them know like, oh, I already accepted this other offer, but thank you. And then I did have a Super Day lined up with Perella Weinberg. But then through, there were a few other things that came up, so it ended up having to be rescheduled. And then because it was rescheduled for about 10 days later than I had planned, I had gotten my Blackstone offer before that. So I then I ended up canceling that Super Day and I told them, I'm letting you know now. So that way you can open up the spot. I know that there's limited spots, so if someone else wants this, that's great. And so it works out really well. It was really helpful to that at Fordham, the person who kind of runs the finance recruiting here, who is she's essentially the reason that Fordham has become a target school at a few of the bulge bracket banks like she. She's great, so she's been head like she was head recruiter at Houlihan Lokey in the past. She's been in recruiting at multiple finance firms, so she knows how it works from that perspective. So she was incredibly helpful to me throughout the process and navigating that and how I communicated with certain recruiting teams and making sure to
Patrick (CEO of WSO): [00:18:24] Do that.
Grace: [00:18:26] Yeah, yeah. Not inadvertently say anything that would hinder chances in the future or anything like that. So. Right? Yes, that was incredibly helpful.
Patrick (CEO of WSO): [00:18:36] Good. You didn't like just go do the Super Day and get another offer just to stack offers for no reason.
Grace: [00:18:42] Yeah. And even just with how I worded things in certain emails again, because she has been on that side as a head recruiter before, she could tell me exactly what I, how I should phrase things. So that was fantastic. And I saw even I came out of the process just even in terms of my relationships with other firms feeling very good about that as well.
Patrick (CEO of WSO): [00:19:04] Yeah, because you never know just, you know, down the road, you never know. Exactly. Let's say you're at Blackstone for four or five years and you're just for whatever reason. You're like, you know, it'd be nice to try something new or, you know, I've really actually interested in. I don't know. I'll make something up tech M&A, you know, whatever. So you're like, you know, this is really intriguing to me or I want to go B.S. I think this is a good next step. You could maybe go talk to one of these boutiques that does a lot of transactions there and have those relationships not soured? Exactly. Yeah, that's great. Super exciting. I feel like I feel sad. I feel like we don't need to even do these anymore. Like, you're done. No, I mean, it's
Grace: [00:19:41] So freeing right now to not have to worry about that
Patrick (CEO of WSO): [00:19:44] Anymore. Well, you yeah, you just you've earned it. You know, you worked early and hard to get to this point. So you know, you have sophomore summer and junior summer lined up. Now it's just a question of making sure you have the energy. Um, to be honest, to survive the summer coming this summer, coming up is probably going
Grace: [00:20:05] To this summer is going to be completely virtual, they told us. So that limits it a lot, I think, in terms of how to some of the work that he's been one of the slower banks in this. Yeah. So they told us that interns are absolutely not allowed in the office.
Patrick (CEO of WSO): [00:20:25] And so because you guys are out partying all the time and spreading COVID and all that.
Grace: [00:20:30] So it's like I'm not sure what it's going to look like because also last summer, of course, like everything was virtual then and with a lot of banks, they didn't let their interns look like have access to anything confidential, especially because there was such a rush in setting up that remote set up. So we're still waiting to hear about what that structure will be like if we'll be able to actually access confidential things. I'm hoping we will because they've had so long to prepare for it.
Patrick (CEO of WSO): [00:21:02] So kind of a bummer. Mm hmm. Grace, honestly, because you're not getting the true experience.
Grace: [00:21:09] I know so, but the good thing is like, it's funny now in my current, I want to tell you I've been going and then
Patrick (CEO of WSO): [00:21:15] Go to Perella and ask them if they'll take you this summer. You know, like, I mean,
Grace: [00:21:20] That's the thing is, a lot of banks, though, have still said that they're. I think in terms of the access to confidential materials, it'll probably be similar across the board to last summer. And I know it at Beauvais last summer, it was the same way it was. You couldn't really work on any actual deals. So, yeah, it's nothing special to city or at least in particular.
Patrick (CEO of WSO): [00:21:44] I hear that I'm yeah, I didn't realize I thought they'd be sure by like when you guys start June.
Grace: [00:21:50] Yeah, we start the week after Memorial Day, so there's a possibility that we could. I like because all of that was compliance related or that aspect of it. I'm hoping that they've had a whole year to prepare for it at this point. So I mean, like I in my current internship, I've been working remotely, obviously accessing confidential things the entire time. So I know it's a boutique, so it's obviously different than these larger cities.
Patrick (CEO of WSO): [00:22:18] So they have all these like risks, right? You're saying you can't do that?
Grace: [00:22:24] So we'll see, but either way, I mean, my current internship I've been doing for almost 18 months now, so I think if nothing else like that, that definitely adds something because I have gotten good experience through that to kind of. So even if City isn't fully 100 percent what it would be, yeah, if it were a normal summer, I think that at least having this experience behind me, it kind of comes together well, at
Patrick (CEO of WSO): [00:22:50] Least one of the huge values of the city or any bulge bracket bank. And being in the analyst class, though, is internship classes like those relationships. So I would try to like organize meetups with your.
Grace: [00:23:02] That's what we're doing.
Patrick (CEO of WSO): [00:23:04] Like a lot like so like every week you guys meet up on like a Friday night or something, right? And go out and just develop those relationships because those are great contacts to have
Grace: [00:23:16] In your career, for sure. And my assigned mentor at City through the program has already told me so she's actually in the real estate coverage group. And of course, that's going to be my top choice for one of the groups that I would like to have one of my rotations through. And she told me that even though, you know, I won't be allowed in the office and I don't know how much they'll even be in the office, their whole team. But she said, if I'm in the city, I will 100 percent be invited to all their groups. Happy hours, social events, whatever it may be. So yeah, there's definitely that aspect that I'm going to take full advantage of. Cool.
Patrick (CEO of WSO): [00:23:52] Good. So exciting, I wish yeah. I'm just thinking about it, I'm like, it's still this very odd like time warp we're in where it's like things are opening up, but not quite. And so you're still not getting the full experience and then. Yes, up even with private equity recruiting, we're seeing it like they haven't even it hasn't even really kicked off for. For Summer 22 hires, which is like usually they would have been done seven, eight months ago, you know? So it's just kind of everything's thrown off, everything's in a loop in this light,
Grace: [00:24:29] Especially now in this weird transition time where everyone's some places are much more back to normal than others.
Patrick (CEO of WSO): [00:24:35] Totally. Yes, it'll be interesting. Ok, well, like this summer I can. I mean, we can keep chatting. It doesn't have to be that frequent. Maybe we can. Now that you've locked up two offers in the next two summers, maybe we could do something where like, we just touch base every few months, something like that where you just kind of give an update how it's going with the internship, if I can be helpful there, if there's any struggles you're having. I don't anticipate any, especially if they can't give you too much real work. They'll be like, Do this case study.
Grace: [00:25:04] It's still a possibility, so we'll see.
Patrick (CEO of WSO): [00:25:06] Yeah, I mean, interns typically aren't. You would never like be given the model anyway, right? Doing a lot of busy work, like putting databases, database work. You know, Pibb. I don't know if they even do pigs anymore. You know the Pybus thing. So there's a public information book. This may date me. I don't even know if they do that. Probably it's probably done automatically now by like, Oh,
Grace: [00:25:28] I've heard the phrase, OK, I've heard that phrase before.
Patrick (CEO of WSO): [00:25:31] Yeah, so it's like putting together these books of like different industries or different companies, just publicly available information that like MDS will ask for. Give me a pibb on these, this industry or these all these six companies. Oh, OK, yeah, the stuff like that is like typical work. They'll give the interns. Cool. Anything else you want to share or we can keep it short, I mean, no mock interview.
Grace: [00:25:55] One thing you will say is just having like having everything kind of settled in now. I just like looking back at everything that got me here. I am so thankful for it. Like I said when we started, what, October of 2019? So my first semester of freshman year, I feel like having started this, then it kept me so accountable with my networking starting early on. And because, of course, as a first semester freshman, it's not one hundred percent necessary to be going full force then. But the fact that I did is paying so many dividends now in terms of just in terms of like the people that I have that are like that I've already formed solid relationships with at this point. So even though especially now I feel like that, everything is locked in and it's not like I'm asking anyone for favors at this point, but I'm really it's really just about keeping up.
Patrick (CEO of WSO): [00:26:49] And kind of. How do you tell people like the news yet? Have you sent?
Grace: [00:26:54] I've started. So yeah, I am. I'm kind of putting myself on a certain number of emails a week now in terms of the update emails that I send out. So yeah, I mean, the first thing on my list was kind of get reaching out or updating the people at some of the firms I was recruiting with the analysts I've spoken with, they're saying like, Thank you so much for your help. I've accepted this other offer, but still like saying, like wanting to stay in touch that kind of thing. So that was my first thing. And then now I've been reaching out to some other people
Patrick (CEO of WSO): [00:27:23] That's going to in a year or whatever or yeah, right, exactly. Guess what? I've locked up in junior summer too now.
Grace: [00:27:31] Yes, exactly. So that's been great. But yeah, so I wanted to like, thank you for that, too, because looking back, that has helped me so much.
Patrick (CEO of WSO): [00:27:39] Hey, you put in the work, you put in the work by just
Grace: [00:27:43] Doing this kept me so accountable and really going full force. And so, yeah, just the number of emails I was sending out at that point, too. But when I also look at how many people like, how big my network is now already, yeah, it's really satisfying.
Patrick (CEO of WSO): [00:28:01] The interesting part about that take all those relationships you developed is like, it's paying some dividends now and it's paid dividends, but in like 10 years, you're going to be like, Oh my gosh, you're going to be like even more like, wow, that that year of Just Hustle has created an immense amount of value for your career.
Grace: [00:28:18] For everyone, it really does compound. Yeah, I mean, like people who are
Patrick (CEO of WSO): [00:28:23] Connectors like this, people who like aren't afraid to pick up the phone people, the number of opportunities afforded to you or just like. You're going to be like if you keep up with these people and you keep giving them updates, even if you're just at blacks number three or four or five, seven years, whatever. But if you keep updating them and talking to them and keeping those relationships, you're going to start getting thrown opportunities that you're going to be like, whoa, like, maybe I should go do that, right? So like, that's the key is just staying top of mind and keeping all those relationships warm as much as you can. I mean, doesn't have to be every few months. It can be like once a year even, right?
Grace: [00:28:56] And I've found to that, even with people where it's like whatever position they're in now may not seem relevant to me. It's like you said it's about they might know people and they might. You never know what their network is and then also the opportunities that could end up coming to you. And a decade down the road,
Patrick (CEO of WSO): [00:29:13] If you think about all the people, you can help now. Right. That's the cool part, and then I'll put you paid forward to everybody that comes to you and be like, oh, I'm really looking to try to talk to somebody here. You're like, Actually, I know somebody really well, and you write, you pass them along and then that, then they're just like, Oh my gosh, I owe you so much. Thank you. You know, and then that that builds, that builds upon itself as well. So it's great. It's exactly a lot of people don't like it because they feel like I think they treat networking as like they're trying to get something fast when they really should be thought of as like a really long game. That's why starting freshman year is a big deal.
Grace: [00:29:47] Yes. Yeah. And like I said, I already see that paying off now, but I know that years from now, it'll be so much more even. And I also have found, too, that the fact that I started so early as a freshman, just all those phone calls it made me such a, you know, you kind of learn how to talk over the phone over time. And so learning from experience and then that has helped me so much to I feel like that's even translated over into my personal life, just making me a better conversationalist. Oh yeah, I've had I have so many of those phone calls early on, so even that has built two or compounded two.
Patrick (CEO of WSO): [00:30:24] Yeah, you get confident when all of a sudden you've talked to like 20 associates, a few VIPs and directly, you're like, Oh, I can do this. And then all of a sudden you're like talking with random strangers and you're like, blah. Right? Yeah, it's just like a muscle like anything else. And if you're using it a lot, then you're going to get stronger and better. And so I think. Absolutely agree. I think people, people treat networking as like if they treat it as transactional instead of like not looking to get anything out of it initially and just looking to meet people. And if you're gently and genuinely interested about what people have to do and you're like, give off that vibe where it's like, you're just curious, people tend to want to help you too. So it's like, it's an awesome approach. And I think if everyone did that, it’s the huge results, right? Mm hmm. It's just something that's hard to convince a lot of 19 year olds and to do. Oh, and there's a lot of other more fun things to do.
Grace: [00:31:18] So no, I will say it made me a more social person as a whole, I think in all aspects of my life. So I, yeah, everything has its effects, even though it might not seem visible at the time. Definitely builds for sure. Cool.
Patrick (CEO of WSO): [00:31:34] Anything else before we call it? Or we'll just maybe we can. All right now. April Do you want to talk some time in like, like early June or something like that before you start or like once you've started?
Grace: [00:31:47] Right, yeah, let's plan on that. So I think I start June six or seven. It's whatever that first full week of June is. Maybe, maybe sometime right before, right after that.
Patrick (CEO of WSO): [00:31:57] Ok, yeah. Maybe we'll do like let you settle in for the first week and then we'll touch base. Ok, like that. That's not good. Yes. All right. I'll update the calendar and then, yeah, congrats on everything. You deserve it. You. I mean, I always talk about you with my other mentors or like office hours. I'm like, oh, well, grace. She started freshman year. You guys all have to start early. Like, what are you doing? And like, she has this, she has that because she started so early and started building that. So I try to use I use your story as an example of people who like It actually does help when people say, oh, you have time to figure it out. Yeah, you can still break in if it's junior year, but it just makes it a lot harder. Versus somebody like you who started early, you know, one of my mentees is now in his thirties and you know, you can see the struggle like he's going through. He has like kids and he's like, there's things going on with his life and he's trying to like network and he's trying to. He's working two jobs to pay the bills. I'm like, oh my gosh, this is so much more complicated, right? So the earlier, you can do that stuff. There it just sets you up so much better for this, so I'm super excited for you. I think you're going to do awesome this summer. It's actually maybe better for you work life balance like you said that it's from home and they can't give you the comfort, right?
Grace: [00:33:10] In a way, it'll be a nice break. And I saw I'm currently phasing out of my current internship in the next over the next month. I've been searching for my replacement for that role too. So I've been talking to a head for phone calls right before this earlier today. So that's why my voice might sound kinda crappy living on the phone a lot, trying to find a replacement for my current role. So it's crazy that I've been doing it for almost 18 months now. I'm almost sad to be leaving my current managing director. He's been so great to work under and that's awesome. Yeah, it's been. It's crazy that it's been so long, but
Patrick (CEO of WSO): [00:33:50] Yeah, it's all right. Well, I would say that your homework for this summer is actually just to have fun.
Grace: [00:33:57] I feel like I have so many personal side interests, things that I've been wanting to do for so long, and so I have like a whole list of things I want to pursue on the side now that I'll have a little bit of time.
Patrick (CEO of WSO): [00:34:07] Rudy is like, you have forever like, you're the rest of your college time. I mean, it's like really free.
Grace: [00:34:13] I'm not going to be interning in the fall, and that'll be the first time where I can just focus on classes for I think two years. So much extra time to just do what I want, which will be very nice. Yeah, for
Patrick (CEO of WSO): [00:34:28] Sure. Enjoy it because you know, you look back at college and be like, Oh, I wish I had done this or like, I wish I had spent more time there. So just try to try to really say over the last couple of years, especially as things open up in the city, it'll be. So it'll be so much fun, right?
Grace: [00:34:40] And I will say I, even though I have been working, I still have enabled. I think I'm just really good with time management, but I've still been able to have a very satisfying social life as well and enjoy the city. I mean, right now, of course, there's not as many opportunities, but still just enjoying being taking advantage of being in the city. So it is possible to still work through school and have a very healthy social life.
Patrick (CEO of WSO): [00:35:04] So you just can't get stuck on like Reddit or like YouTube down, like watching too much of that or you get in trouble. Yeah, all three hours, you're like, oh, no. And it's
Grace: [00:35:15] Exactly,
Patrick (CEO of WSO): [00:35:17] Well, congrats on everything. Let's we'll talk in a few months. In the meantime, yeah, just obviously don't get to do OK in your classes, but just try to enjoy your time. And then this summer, really, I think. You know, you don't do a crazy on network any of that stuff, just enjoy, try to do well at the internship and then just go from there. Right? Awesome. Yes. So well, we'll talk to you and congrats again, and I'm sure everyone will be excited for you once they hear this episode.
Grace: [00:35:46] Awesome, thank you so much.
Patrick (CEO of WSO): [00:35:47] Thanks so much talk soon, bye. And thanks to you, my listeners at Wall Street Oasis, if you have any suggestions whatsoever, please don't hesitate to send them my way. Patrick at Wall Street Oasis. And till next time.
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