Today’s video is all about internships. With summer internships coming up soon, I wanted to share some of my own experiences and advice for getting through the summer internship and getting an offer. This video is geared toward investment banking, but really applies for most internships out there.

Hi everyone and welcome back to my channel in today’s video i will be sharing tips on how to secure a full-time return offer from an internship this video will be geared towards investment banking since that was my own experience but rest assured even if you are in a different industry most if not all of these tips will apply to you so first off if you have an

Internship coming up this summer congratulations you might feel a little nervous or even excited about this internship you might be concerned about things that i was concerned about which are return rates for groups getting a return full-time offer from an internship really varies from firm to firm group by group and even year by year based on the company and

The department’s needs but that’s not what you should be focusing on you shouldn’t be focusing on the return rate of the group because that’s something that’s beyond your control focus on how to get that offer because no matter what they’re going to give someone an offer usually i’d say it ranges from 40 to 90 of how many offers they’ll give to their interns to

Return back for full-time jobs so follow these tips and you will be in a good spot so number one ultimately what’s really important is to do good work easier said than done but people do notice when someone is a fast learner has good work ethic and just overall produces accurate reliable work it’s especially important to set this tone at the beginning of your

Internship after all it’s probably only two months long and first impressions matter it’s important to set a reputation for yourself when you first join people won’t trust you with the work you’re doing you’re going to have to build up on that trust and you only have about two months to do so so you should try to do so right from the start rather than in the

Middle show them that you can do the simple tasks that they’re giving you initially correctly before they can give you more meaningful work beyond that so a few suggestions i have for producing good work and how you can prepare for that first is to quadruple check all of your work yes it’s important to send things across in a timely manner but remember that if you

Have mistakes in your work you’re just going to end up getting comments and end up having to do even more work and wasting whoever’s checking your work’s time so any mistakes that you’re able to catch from an additional 15 to 20 minutes of thoroughly checking your work and fixing any mistakes will do you well something that people told me is that a first draft

Can be nearly just as good as the last draft so aim for that just because it’s the first draft doesn’t mean that it needs to have a bunch of mistakes in it and it needs to be bad second suggestion on producing good work is to leave a traceable trail of everything that you’re doing what i mean by this is that if you’re asked to come up with five data points and

Find them make sure that you have links to all of them if you found them from some pdf file make sure that that pdf file is saved down in a folder be organized and when someone asks you where this number is from they can easily find themselves or you can send it across quickly rather than taking two hours to find where you even got this number from that you did a

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Week ago it’s going to show the people that you’re working with that you’re responsible that you’re organized and it’ll also save them time as well and they’ll be happy and thirdly to the extent you can there’s actually a lot of preparation that you can do ahead of your internship in terms of technicals just speaking from the point of view of investment banking

These internships oftentimes have case studies for their interns these case studies usually have a pretty big impact on your return offer and the case study will generally consist of doing a practice deck and having a practice meeting with a company so i usually have to do comparable company analysis present transactions dcf merger model lbo the full gamut of

Valuation methods and a lot of interns join not knowing anything about it and as a result they struggle why they struggle it’s because they end up having to do work on top of this case study that they already have and if you don’t already have any background on what you’re doing it’s going to be a lot more difficult because you’re going to have to learn it during

The internship while you’re doing this work so prior to the internship make sure you at least understand these concepts and how to go through it even if you’re not practicing modeling i’ve talked about this company before financial edge they’re the company that trains new hires who go into investment banking and they’ve actually offered their courses online they

Have a course called the investment banker that basically walks you through everything that you need for this case study everything that i mentioned before from accounting to different valuation methods to just financial concepts overall if you want to get ahead of the game try it out they have a few free courses on their website as well as the investment banker

Pack as well as packs for asset management sales and trading so on and so forth here’s my code angela25 for 25 off it’s quite a lot i’ll include the link down in the description box below feel free to ask me if you have any other questions on that speaking of questions tip number two is to not be afraid to ask questions but and i really mean but always make sure

That you do your own research first check the internet google it and if that doesn’t work ask another intern before you ask a full-timer obviously don’t be afraid to get more clarity on the layout of a page or what you’re supposed to do for your task but if you’re asking a really small technical thing like how do you get this line off the page why is this color

Showing up weirdly figure it out yourself because those are just small technical things that are going to annoy the full-timers that you’re working with if you ask them to figure it out for you when you’re asking a question show that you’ve done the homework first show that you’ve looked online and this is what google is saying you’ve asked other interns and you’re

Still not sure show that at least you put some sort of effort into it before asking someone else make sure that you don’t just lazily reach out to someone asking for help when you haven’t done the research first always help yourself and make things a lot easier and quicker for whoever is trying to help you also if you do ask something and it’s still not clear

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Don’t be afraid to ask a follow-up question what i will say though when you’re asking a follow-up is to don’t just say that you don’t understand state specifically what you did understand from this and ask them targeted questions on exactly what you need clarity on additionally the questions that people love during internships are big picture questions people love

It when you ask about the process and are interested in the work that they’re doing it shows that you have passion and enthusiasm and a genuine interest in the internship that you’re doing it definitely takes some time to figure out what questions are good to ask and what questions are not tip number three is to form close relationships i’m not saying become best

Buddies with the entire group but you want to find at least one intern to become close with and at least one full-time person so for the intern this intern can now be like your buddy this is someone you can ask them questions to ask about other intern events that are coming up so you that you don’t miss anything someone who you can have lunch with or dinner with

While in the office also by being close with the other interns it shows a group that you’re someone who can get along well with others who would fit in well with this group and so it’s always a plus to try to become friends with the other interns or at least close with one other person they’ll also be like a support system because they’re going through the exact

Same experience as you and it’ll make your process honestly a lot more easy next you also want to form a personal relationship with a full-time employee as well full-time employees have a lot more insight on the group they can give you information and advice and tips they’ve probably seen their fair share of summer interns come and go and so they know what makes

A good summer intern this person can be someone you’re working with someone you found that you have a good bond with in the group or someone who’s in a very respectable position who everyone respects and likely will have more leverage when it comes to choosing who to give offers out to if this is someone who you work with make sure to ask them for feedback ask

Them how they think you’re doing people always appreciate it when you ask for informal feedback because it shows that you’re growing and you’re willing to learn and learn from your mistakes number four keep up the communication this one is super important especially from a virtual environment when you’re given a task and you’re working with someone level above

You for example an analyst make sure that you’re letting them know exactly when you think you’ll be done how much you finish what you have left this is a process of building trust by doing this they’ll know whether you have the task or whether you have no idea what you’re doing and this will never be completed on time make sure to let them know that you’re on top

Of the task that you’ve been given and that you’re working on it when people email you make sure that you respond accordingly and respond in a quick manner then this internship is only two weeks long so try to be the best version of yourself in terms of communication try your best to under promise and over deliver for example tell them that it’ll take you five

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Hours but you actually finish it in three set expectations accordingly and you will succeed number five is to be proactive and look for ways to add value this is something that’s super important and often comes back at the end of intern reviews people talk about who they felt was the most willing to help who was the most proactive who was the most enthusiastic

And that’s always a super positive trait of any intern so what i mean by this is someone who will actively take detailed notes during your meeting and send it around to the group someone who will offer to do small things like send the meeting invite out so that the other members of the team don’t have to read through the whole thing whenever a task comes through

Even if it seems like it’s not for you or not something that you know about ask the analysts how you can help them for me personally i never left the office until i was explicitly told that i wouldn’t need to be there and that i couldn’t help anymore otherwise i would always stay and try to help out in any way i can you’re part of the team and if the rest of the

Team is staying there you should be as will to offer support you want to be someone who’s there to add value even though you have less experience show that you’re willing to help because this really showcases and tells people what you’ll be like when you’re a full-timer and lastly networking you might have thought you were done with networking after getting this

Internship but no you are not so i’m not saying talk to everyone in the company grab coffee with everyone but it does make a difference at the end of the internship the entire group gathers and talks about all of the interns people can openly give feedback and so if you’re grabbing coffee and making personal relationships with a good number of people that’s just

More people who will pull for you during these informal profit chats try to get to know the person form an actual genuine connection with them and show that you’re someone who they can potentially see themselves working with in the future those are all the tips i have for you guys on securing an offer after an internship in general just be friendly be polite be

Respectful and follow these tips and you’ll honestly be in a really really good spot to get a return offer for more tips in finance preparation check out my patreon my patrons actually had a really big part in helping me choose to film this video so thank you to them for that as always i want to thank you guys so much for watching my video please remember to

Give it a big thumbs up if you did find it helpful subscribe to my channel if you haven’t already and hit that bell to turn on notifications so you’ll know whenever i post a new video see you guys in the next one bye

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