How Summer Interns Get Full-Time Offers
“Summer means various things to various people, but one thing it means for most people in finance and all of New York is: interns. I’m told there is a similar wave of little political interns towards D.C. this time of year, but frankly, I’m not even certain they get paid.”
-Sheer Suckers, The Leveraged Sellout
As we approach the end of the summer and move into the fall recruiting season, all the summer banking interns out there have to think about their next moves.
The first step in that process: figuring out whether you’re getting a full-time offer, or whether you’ll have to search for “strategic employment alternatives.”
While there’s never a 100% accurate way to tell if you’re getting an offer or not, you can improve your chances considerably if you know how banks make decisions.
10 Investment Banking Internship “Don’t”‘s: How Not To Screw Up
I’ve given some internship tips in the form of a summer intern success guide and an avid reader gave some tips from his firsthand experience, but it’s often easier to give advice on what not to do (as with fashion).
Without further ado, here are the top 10 summer intern gaffs I’ve observed, both at my office and from friends’ stories.
This list applies to both Summer Analysts and Summer Associates – your role is the same, except Associates will get a bit more responsibility.
How To Dominate Your Investment Banking Internship
Nye: Learn everything you can, then get the hell out of there before it’s too late.
Ellen: How exactly will I know when that is?
Nye: Ah. That’s for another walk.”
You get an investment banking internship for 2 reasons:
- To learn the job and absorb everything you can.
- To land a full-time offer.
Keep these 2 points in mind, and you’ll pass with flying colors.
Fail to remember them, and your internship will resemble the Hindenburg.
