Tags: intern advice, intern tips, wall street internships
It may be summertime, but the living shouldn’t be easy for your summer interns—either inside or outside of the office. In its ongoing series, Don’t Eff This Up: The Complete Guide to Wall Street Internships, New York magazine offers valuable suggestions that you might want to pass on to your student interns—whatever their fields. In Part 4 writer Kevin Roose says that “in addition to learning where to live, how to dress, and how to act on the job, you’re also going to have to learn how to spend your nights and weekends.” Here are some pointers from Kevin’s article:
- Be a joiner: If you’re lucky, your bank will have an intramural basketball team, or a running club, or some other form of athletic bonding activity. Do these things. They are a great way to impress people with your youthful vigor. If you’re a glutton for punishment, sign up for a Tough Mudder with your boss. (A Tough Mudder, for those new to the concept, is a hardcore, boot-camp-like endurance event in which you’re made to climb walls, plunge into ice-cold water, run through trenches filled with fire, and oh God I need a nap.)
- Don’t be the ringleader: In every summer analyst class, one guy (it’s always a guy) steps up as the unofficial social chair. He signs group e-mails “party on,” organizes beer pong and trips to 230 Fifth, and keeps a photo of his frat brothers at his desk. He also doesn’t get an offer. Don’t be that guy.
- Bro out when necessary: That said, building solid relationships with your fellow grunts is crucial. They will cover for you when you have a “dentist appointment” (read: free happy hour at Turtle Bay) or “out-of-town wedding” (read: your ex is in town for the night). So buy them a round every now and then. Just don’t “ice” anyone, ever, please.
- Ace the booze cruise: Odds are, your firm will at some point treat you and your fellow summer analysts to an open-bar cruise around Manhattan. It’s a staple of Wall Street intern life, and by all means, feel free to drink. But don’t have too many. Here’s a good test: When the D.J. plays that “We Are Young” song, do you start tearing up while earnestly contemplating the carefree hours of your fleeting youth? You’ve had too many.
- What if my boss hits on me? This is an actual Serious Thing That Sometimes Happens, and it is definitely out of our league, advice-wise. We’d suggest talking to a trusted mentor, going to HR, or trying to transfer groups. As we said yesterday, it’s not 1992 anymore — and it shouldn’t be for your boss, either.
- Don’t lead with your job: When meeting non-finance people at bars around the city, don’t tell them where you work right away. It makes you sound insecure and desperate to impress. Instead, increase your mystique by holding off the reveal as long as possible.
Q. Should I give permission to students who want to leave their internships early because they have to return to campus to participate in pre-term activities?July 13, 2010 at 2:11 pm | Posted in Advising interns, career center | Leave a comment
Tags: career center issues, intern advice, interns, internship, internship questions
by the Intern Coach
A. The answer to your question depends largely on what arrangements were agreed upon before the internships began. If students had told you ahead of time that they had to leave early, then you should not penalize them for following through with their plans. However, if you had no idea they would leave early, then you’re under no obligation to give permission. Here are a few points to consider when making your decision:
- Discuss the nature of the pre-term activities with the students who unexpectedly ask to leave early. If it’s a great honor, such as being accepted to participate in an honors program or to study abroad, then you might want to congratulate the students and offer them your best wishes. In other cases, you might want to check with the director of the activities to find out how crucial it is that your student interns attend the pre-term activities.
- Ensure that the request to leave early is a valid one. For example, students may have medical issues or family problems. In the case of medical issues, it’s perfectly acceptable to ask for a copy of the medical report or the name and phone number of the doctor. The students’ advisors or professors may also be good resources if the reason to leave early is a personal one. You may be able to offer assistance in terms of counseling or financial aid to the student to help him/her in a difficult time.
- Suggest alternate plans that could result in fulfilling the required amount of time for the internship without staying for the same length of time. For example, the student could put in longer days or work at home to complete the internship assignments. Talk with the internship supervisors at the companies to find out the company policies or alternate plans for interns that want to leave internships early. Some companies may be very understanding while others may take offense, which could harm your future relationships with that company. You may have taken years building up a strong internship program and are rightfully concerned about keeping it available for upcoming students.
- Make sure that the students realize they might be hurting their own futures by leaving their internships early. They may have to balance pre-term activities, which seem important during the school years, with the long-term effects of a less than stellar internship record that could negatively impact their career goals. This is a tough decision for a student to make, and you might want to counsel him or her on how to proceed in order to protect his/her future and your career center’s reputation.
Q. What should I tell students who love their internships and don’t want to see them end? What are their options?June 29, 2010 at 3:23 pm | Posted in Intern Advice | Leave a comment
Tags: intern advice, intern to full time hire, internship, internship questions
by the Intern Coach
A. Happy interns are win-win situations for students, companies, and for you. It’s a promising start for a potentially long-term professional relationship for your student. Your role is to research the situation and come up with the best game plan for everyone involved. Here are a few tips not only to assess the current relationship but to also open doors for the future:
- Find out if your intern has any specific ideas or plans on how to continue the internship. For example, would he/she be interested in working long-distance, utilizing technology and email, to extend the internship? Is there a particular assignment that the intern would like to perform for the company? Or is it even geographically possible to continue the internship or turn it into a part-time job?
- After you understand your intern’s position and goals, explore the company’s situation with the intern supervisor. First, you’ll want to find out if there’s another intern scheduled to fill your student’s position. Then, you’ll need to discuss the company’s plans for your student intern. Would the supervisor like to retain the intern? If so, in what capacity? Onsite? Online? Paid or unpaid? Part-time employee? Different assignment?
- If you discover that your intern and the intern supervisor are not on the same page, and your intern needs to refocus his/her sights, you might research other internships that would be similar and appeal to your student. You could point out to your intern that he/she might actually expand his/her career future by moving on and taking another internship with a different company. New contacts will increase networking opportunities for your student.
- Another consideration is whether or not the student will receive credit for extending the same internship. How you counsel your intern may also depend on departmental policies. For example, does the department or your school honor cooperative education credits? Does your student intern’s academic advisor think it’s wise to extend an internship or continue it as a co-op? Or would the advisor recommend that the student choose a different internship in order to gain new experience? After you thoroughly research all the above questions, you’ll be ready to help your student intern make the right decision for a successful future.