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Seven ways in which banking internships are a nasty disappointment
The banking summer analyst and associate season is nearly upon us. In a few weeks’ time the lucky few will be congregating in clusters on the streets of London and Manhattan and feeling – momentarily – empowered. Thereafter, reality may sink in. Because although investment banking internships are still incredibly hard to come by (Goldman […]
Outrageous advice for converting your important banking internship
The summer is technically upon us and for students who find themselves on this website that probably means internships! Summer internships at investment banks have always been precious things. Getting an intern position often comes after a demanding numeracy test, a lengthy application form, a gruelling assessment day and a then, if you’re lucky, an […]
You have a 2% chance of getting an internship at Goldman Sachs
Want a summer internship at Goldman Sachs? You will, unfortunately, be lucky. In today’s presentation at the Sanford Bernstein conference in New York, Goldman Sachs chief operating officer Gary Cohn said Goldman received 17,000 applications for its ‘summer analyst’ positions this year. It only made offers to 350 people. That’s 45 people per role, or […]
How £5k can buy you a financial services internship
Investment banks and other financial services firms like to paint their graduate recruitment programmes as meritocratic processes, suggesting that the nepotism and elitism associated with the sector in the past are now consigned to an ugly era of history. However, a bountiful supply of relevant work experience is the best way of eventually securing a […]
GUEST COMMENT: My experience of the summer internship at Goldman Sachs
Last summer, I interned in Goldman’s IBD division. Even better, I got an offer. I’m not going to tell you exactly what I worked on, or who I worked with because I want to preserve my anonymity, but for those of you who are interested, here’s my inside lowdown on how Goldman’s programme works. Overview […]
Read this diary of my operations internship in an investment bank and you will understand why I am determined to work in the front office
This summer, I spent 12 weeks working as an intern at a leading investment bank in London. I wasn’t in M&A. Nor was I in sales or trading. I was in operations. What’s operations? Read the condensed version of my internship below. Is operations an appealing job? That’s for you to find out. Personally, however, […]
SECRET DIARY OF A MARKETS INTERN: The internship is over. I have found out whether my strategy for getting a graduate offer worked
Unbelievably, the internship is over. It’s a strange feeling. Despite feeling like I have worked here for years, it also seems to have gone very quickly. I started the week knowing a decision had already been made. I’d finished my work and there wasn’t really anything more I could do. I maintained my daily tasks […]
How I went through the application and interview process and got an internship at Goldman Sachs
In December 2003, I made about five to seven internship applications using an uber slow dial-up connection in Malawi where I was on Christmas holiday. Come early 2004, I received many rejection letters and a couple of acceptance letters. As confidence-bashing as rejection felt, I chose to think of this as “their loss.” To make […]
SECRET DIARY OF A MARKETS INTERN: Am I really better than 50% of the current intake?
After putting in another Sunday shift I was pretty tired on Monday morning, but the thought that I only had two weeks left kept me going. By now it feels as if I have been working here for years; I can’t quite believe it hasn’t even been two months. It is going to feel very […]
SECRET DIARY OF AN IBD INTERN: The desk is back to being busy again, and it’s great for me
The Olympics combined with the summer lull has meant a slow couple of weeks, but life has returned to normal again. There are still people coming in and out of work though, so responsibilities have been pushed on to me. This is great – as an intern, it feels good to be an instrumental part […]
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