Friend or Foe? - the Investment Banking Internship

Investment banking summer internships are incredibly competitive to get into, and there are so many young, type-A type personalities crunched up against each other that tension inevitably occurs. Some think the best tactic is to view their peers as competitors for full-time roles, and spend as much time crafting a plan to deal with fellow interns as they do trying to impress their potential employer.

But I’m just going to lay it out for you: Fellow interns are your friends, or at least there is no reason why most shouldn’t be. While other IB summer analysts are technically the competition, unless you are at a boutique that takes 15 interns for five seats, you have no reason to worry about what the person next to you is doing. Here are three reasons why being overly competitive with your fellow IB interns is not the way to go:

....This piece was picked up by eFinancialCareers so the full article can be found here.

Bonus: Do's and Don'ts 

  • Do not try to get intimate with a fellow intern...or any co-worker for that matter.

  • Do not talk badly about your bank to anyone. It can be easy to start trashing the work you are doing or some MD that is vicious. Don't do it ever. You never know who is listening and even the slightest misstep can lose you an offer.
  • Do not share any information about aspirations to recruit elsewhere. This is where it is ok to be competitive, as well as to show your loyalty to your coworkers.
  • Do enjoy training! Go out as much as you can with as many from your intern class as you can. It's a prime opportunity to make friends and enjoy the city, possibly for the only time during the ten weeks, so make the most of it.

In the coming weeks, we will discuss networking internally, navigating accelerated recruiting and how to write the perfect networking email. We will also have pieces for those recruiting this fall such as the perfect answer to "Why Investment Banking?"