Still Good!

So a lot has happened since my last post. I’ve sort of undergone some metamorphosis to become something akin to an investment banker. It’s been an interesting two weeks with prime ringside seats to the unique spectacle that’s Wall Street. I’ll give you a sneak peek into my world: (1) practically anything that comes to my desk is urgent and the fate of American democracy… no, modern civilization rests on my ability to turn in that piece of work by “yesterday”. (2) The IB Summer associate program is also interesting in the sense that it’s an opportunity to be bossed around a bit by some of the analysts (who are lower in rank than you, but vastly more experienced). When reviewing some of their analyses, it’s typical to get long academic lectures in response to basic questions. There are a few more interesting sides to the summer program and I can only say that I’m loving it.

We were given our summer project at the end of the first week. This involves using the firm’s tools to analyze a potential deal and prepare a presentation for a company management. We are expected to this on our own time (difficult when you’re working from 9:00 AM to 3:00AM, weekends inclusive), turn it in by 1 August and be ready to give a presentation to a panel of Managing Directors. Needless to say the full time offer may be dependent on performance at this session.

Now, I’ll give some color on some of my specific experiences so far. I have a feeling I’m fast becoming the “King of Debt” as it seems I’m getting a bit more than my share of those types of deals. I also think I have the dubious distinction of having worked with practically every group except the ones I expressed specific preferences. While that gives some cause for concern, I’ve been assured that I’d still get the opportunity to work with my chosen groups in the course of the summer.

It’s not all been doom and gloom. Granted it’s a tough job, but the people here are so nice that it becomes quite palatable. The Associates, VPs and yes, the Analysts on my deals have been very supportive and engaging. There have also been a slew of events, speaker series, and a fun exercise to predict where major economic indicators would be by the end of the summer. We also had an ice-cream break and will be doing a volunteer day this Friday. So far I’m finding this more enjoyable than I’d dared to expect.