Christopher Langhoff ⋅ Norwalk, CT CCL Search LLC ⋅ 11 years experience

Tyler - I think there are two pieces to this process. The first getting into the group you want and the second is hitting a home run over the course of the summer to insure you get an offer for a full time position.

As it relates to the latter, I would make sure that you are up to date with the following:

1) Valuation analysis - discounted cash flow work is a big part of any new analyst in investment banking. You should understand the workings of DCF modeling and be able to crank out models.

2) Structures - I would make sure that I knew about recent deal activity - M&A and capital markets in those industries. The Wall Street Journal is a good place to start as is the New York Times online.

3) Sponsors - this i'm guessing is the Private Equity world. Again I would try and make sure that you are up todate on the activity in this pace. Mergr.com is a resource that you might find helpful and I believe you can get a two week free look at its content.

My advice feels a bit like motherhood and apple pie but I hope it helps at some level. If you understand the modeling that will be required and you get a reputation for getting work done then i'm sure you will shine over the summer. Good luck and thank you for your service.

Chris Langhoff

Katie Tamarelli ⋅ Newport, KY Strategy& ⋅ 8 years experience

Hi Tyler,

First off, congratulations! That is very exciting.

One thing to think about as you prep for choosing your group, you might want to ask around about best managers within the organization if you truly are indifferent on the topic. I have found that can make all the difference in a career.

I would also second Chris's advice and add one more recommendation: make sure your excel skills (within reason) are ready for the summer.

Just spending 2-3 weeks of reading through the WSJ will help you understand the key players, activity and most likely, water cooler talk for the summer.

Best of luck and feel free to reach out with any other questions.
Katie

James Bishop ⋅ Columbus, OH Morgan Stanley ⋅ 8 years experience

Contact Ben and follow his advice. Beyond that, commit to yourself to be the first one in everyday and the last one to leave. Firms are dying to find people committed to doing what it takes and a person who is committed to success is a great find. Everything else I read is true but your attitude is what will be key.

Best of luck.

June R Massoud ⋅ Burlington, VT School Boards/Teaching, Tutoring Business and Technical Business ⋅ 25 years experience

I think you should open your field of selection and apply to lots of other banks as well. Sometimes getting a job at a local bank in Alabama that is a coop bank that serves the citizens and is interested in the well-being of the populace, rather than working for a bank owned by a third world country. Actually, I heard that Citibank is Saudi Arabian-owned. They might have certain standards they adhere to which are not in line with your own ethics or values system. I say this because people are attracted to jobs that pay high salaries without realizing the consequences of their decisions. And if you move to NYC, you will be swimming with the banking sharks, all over the place. Can you really handle this? Or better yet, are you willing to face the music? Just a reality check. If I were in your situation, I'd stay in Alabama or a neighboring state and try to make a go of it that way. Best Wishes, June R Massoud

Ben Magnano ⋅ Frazier Healthcare

Tyler - email me at benjmagnano@yahoo.com to set up a time to speak live. i'm an old Morgan Stanley IB alum and can talk you through a few prep items. Best, Ben

Ben C ⋅ New York, NY Hedge Fund ⋅ 2 years experience

I haven't logged in for ages, but contact the vets within Citi to get the best advice.

Louis Schwarz ⋅ Somerville, NJ AIG ⋅ 43 years experience

Hi Tyler, some easy tasks to prepare you. Listen to CNN business and Bloomberg when ever you can. Put them on and just have them on when ever possible. This is where you are going and you will be use to this type of conversation. Good Luck and keep your sense of humor!!

Jacob Decter ⋅ New York, NY AmTrust Financial Services ⋅ 3 years experience

Tyler,

Just saw this post. I spent 2 years as an investments banking analyst at Guggenheim Securities, feel free to reach out if you'd like chat about preparing for the summer.

Jacob

Tyler Hohbach ⋅ New York, NY U.S. Army National Guard, Sergeant ⋅ 7 years served

Hello everyone,

Thank you for the great feedback! I will definitely take all of this advice to heart as I prepare for this summer.

Best,

Tyler

Joshuah Chrisman ⋅ New York, NY NYC Department of Parks and Recreation ⋅ 1 years experience

Hi Tyler,

Thanks for reaching out and thanks for your service. One suggestion is to use the community feature at the top of the page and search for Advisors with the particular expertise that you are looking for and then reach out to them individually with any questions that you have. I imagine that they will have the best insight on who is offering internships and how to apply for them. You can sort them by region so look for a few in your own area or wherever you would like to do the internship at.

Also, it might be a good idea to swing by the career services office at you school, they usually have a long list of available internships that you can apply for.

I hope that this helps,
Josh