This revised and updated article is mostly a reality check. If you’re wondering why I’m publishing an article about “summer internship recruiting” in February, then you haven’t been paying attention to recruiting. In the U.S., summer internship recruiting at many banks now begins and ends over a year in advance of internships. Some large banks […]

Yes, it’s that time of year again: You need to make a decision about summer internships. Since recruiting is now hyper-accelerated, the decision-making process is also hyper-accelerated. If you’re fortunate enough to receive multiple offers from banks, you’re in a very good position. But instead of enjoying the moment, you’ll be tempted to go down […]

What’s the difference between a pattern and a coincidence? I’m not sure, but I’d say that something that happens dozens of times in a few weeks goes from “coincidence” to “pattern.” One pattern I’ve been thinking about is summer internship recruiting. Since recruiting now starts and finishes ridiculously early, we’ve been getting a lot of […]

Is it possible to do a summer internship at one bank, but then move to another one for a full-time role? It’s not easy. But one of the best ways to do it is with accelerated recruiting, which has become more popular everywhere – including the London market. You could use this accelerated recruiting process […]

Do you enjoy procrastinating? I do. My favorite method is binging on TV shows, followed closely by mobile games (Clash Royale!). Sometimes, waiting until the last minute helps you by adding time pressure. But other times, it hurts you because you can’t physically complete your tasks. With summer internships, it’s a bit of both. If […]

So you made it through summer internship recruiting… You submitted your resume 131 times…. You interviewed at 21 different banks… And in the end, you got an internship offer. It wasn’t exactly the bank you wanted to work at, but you outperformed many other students. And now you’ve started your internship, you’ve been there a […]

Sometimes, my timing for publishing articles on this site is horrible. A few days ago, for example, I published our 2013 bonus recap and made a few comments about BoAML paying higher bonuses than other places… having just gotten off a 12-hour flight and not realizing the other big news involving that firm. Assuming you’re […]

“Hi Brian, Hope you’re doing well. I am halfway through my internship and, frankly, I am not enjoying it. Our firm is only working with its portfolio companies and I’m mostly doing market research and thinking about partnerships, looking at competitors, etc. I’m doing no valuation or technical work, no financial statement analysis, not even […]

“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 […]

Today we have a guest post from a loyal reader who worked at a bulge bracket investment bank last summer and will be returning full-time this year. He has some additional tips for everyone about to start their investment banking jobs / internships – these are great overall so I don’t have much to add, […]

“Always carry shoe polish, in case said analyst’s shoes need a shine. Forget your blackberry holster – what you need is a coffee cup holder for more than four cups – this way, you’ll need only make a single trip to Starbucks each morning when you bring your team coffee.” –..and Some More Investment Banking […]

At the top levels investment bankers are just miniature versions of Ari Gold. But are summer interns just miniature versions of Lloyd? Is the internship just a matter of getting abused repeatedly, fetching coffee and running around fixing printers? Or do you ever get to do anything interesting (or NOT use Excel in a given […]

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.” –Damages You get an investment banking internship for 2 reasons: To learn the job and absorb everything you can. To land a full-time offer. […]