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Intern season kicks off tomorrow for parts of Wall Street, so want to spend a moment refreshing my annual advice for Students.
1) Avoid AI brain drain and social media brainrot like your career depends on it. Because it really does. I wasn't saying this advice in 2022, but with the rise of AI, it is either a tool that propels you or a crutch that cripples your ability to do the basics. Overreliance and the inability to think critically & build models on ur own (just to make sure you can) will kneecap you. You need to know the ins & outs and know how to reach original opinions before letting AI boost you.
2) Speed, Acting with Urgency, and Responsiveness is how you differentiate: I've interviewed a lot of Interns and the key differentiation is the most successful ones are able to act with urgency vs. taking their sweet time. Overcommunicate by saying "Will do”, “sounds good” , or “On it” constantly so we know the message has been recognized. In our interview processes, we test for making sure interns can respond to an email in a normal amount of a time. A shocking amount of them fail at this and are removed from our processes.
3) Don't make the same mistake twice: Easier said than done, but the people evaluating you are keeping tabs on whether you’re smart/teachable. They’ve been trained by this philosophy and are judging you by the same standards. If you make the same mistake twice, then they may perceive that you may not have the ability to retain information, learn from experience, etc.
4) Don't ask questions when it's been answered in an email, a CIM, a powerpoint, etc: You will be given a lot of resources or have something explained to you in an email. You shouldn't ask a question that's already covered. Any question you have should be an expansion or clarification point NOT something already clearly stated. Frankly, if someone makes me have to repeat something that's already in an email or a recent message, then I'm going to get annoyed. As an Associate, the equivalent is asking a Banker or Sponsor a question that's already in the CIM.
5) Don't take a week long vacation during a ten-week internship. You can always vacation before or after your internship. You are trying out for a sports team – you haven’t made the team yet, but you’re getting the chance to make the big leagues. Would you leave the team in the middle of preseason before the roster is finalized? Of course not.
6) Dress the part and look professional: Don't overdress (wearing gucci as an intern), but also don't come in with wrinkled shirts. Make sure your haircut is professional and clean cut.
7) Save a Copy of a File so you don't destroy a Master Document
8) This isn't School - you need a 100% score: I stole this from a video Steve Schwarzman did where he welcomed Blackstone's 2019 Analyst Class in an 8 minute video. I would actually say you don't need "a 100" on the first round of a deck or model. But when we're talking about the finished product, or real world things like wiring money to people, you absolutely need a 100. I think the lesson more so is there are situations where the answer/output is either right or it's wrong - there's no "A-".
9) Don't worry about Work From Home quite yet - make sure you're learning and coming in the office if someone else important is. Also AI is a real danger so you probably have to accept the return to a 5-day in the office world.
10) Proofread constantly: Try different strategies to proofread - this can include reading from beginning to end, end to beginning, speaking out loud, and reading in different formats (like printing the materials out). If allowed, AI is obviously an amazing proofreading tool. I would argue typos shouldn't really exist in workplace setting given you can have AI check it.
11) Write everything important down and keep a notepad on you.
12) Predict demands: This is a good way to stay busy and show you can take initiative. Just don't overstep. Your perceived intelligence and ability to learn comes from your ability to predict demands.
13) Network with everyone, leave no stone unturned, respect everyone: Converse with others, be friendly, say hello, and be looking to learn from different types of people. Be nice to admins and the middle and back office. Don't get "front office" ego, there is no ego here, you are all part of the same team.
14) Show this is where you want to work (even if it's not true): If there's rumors you're using the internship as a stepping stone, you will be toast - give it your best efforts and have a positive attitude about the work!
15) Be careful about how much you drink during happy hours. Use your best judgment.
16) Don't beat yourself over mistakes or if you don't get an offer. It's just a job, not your life. You have a long career ahead of you. Learn from experience.
17) Follow my resources to learn more about finance: I'm dedicated to helping financial professionals, through my compensation and insights platform @Buyside_Hub and my newsletters @WallStRollup and @HYHNewsletter - I've got your back. Links for those below.
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No one is coming to save you. The only way to change your circumstance is to work it into existence
Bambulu@Bqmbulu
What’s the harshest truth every young man must eventually learn?
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@ParkerCoopbr0 They're going to applaud your willingness to offering mentorship
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Sent rocket intern a follow request on the gram. HR just added a meeting to my calendar for next week #uhoh
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People who just stayed the course and dollar cost averaged into the stock market instead of believing in the doomerism right now
Kalshi@Kalshi
BREAKING: Odds of a recession this year plummet to 16% — an all-time low.
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@wayojason any advice for somebody looking to move to nyc post grad? Ik thats so vauge but ny looks like the dream being from canada
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ap retweetou

@Astrisk7 Depends on your risk tolerance. Some investors go 100% $VOO which is definitely the simplest route. NFA
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People underestimate the intelligence gap between classmates at the same elite college.
So I have a friend, let's call him Joe. Asian American, met him at one of those "gifted" summer programs. Top of his class at MIT CS, worked at a top quant hedge fund, also a YC founder. He is significantly smarter than me.
One day I said "man, you were probably like the smartest kid at MIT when you were there." He looked at me like I had horns and said "dude not even close. There were so many times I felt dumb."
He then told me about a classmate of his, let's call him Ron. White guy. He was a legendary math olympian, and MIT classmates called him the Great White Hope. Joe was struggling with a math problem set, no progress after hours of laborious work. He finally swallowed his ego and asked Ron for help. Ron was playing video games, thought for a few minutes, and solved it with very little effort. Joe was stunned. That was his come to Jesus moment when he realized the limits of his intelligence that nature endowed him with. That there were levels to this.
I was reminded of this story when I read the Scott Wu profile on Colossus.
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Tried 2 tell yall from day 1 abt the bald old white man once again just making it clear yall did that not me
OMGRICKY!@rickyrefe
I will release my documentary about the SoundCloud pedophile ring
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@fullmetalhkm would u say cardio is a necessity? I'm going just off of a cal deficit (not tracking) plus weight training 4x a week
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For the people asking:
1) No a caloric deficit and steps only won’t give you your goal physique, but it will drop the weight and the fat
2) although it’s simple, losing a drastic amount of weight will probably be the most mentally difficult thing you will ever do, so prepare

hakeem@fullmetalhkm
One and a half year difference, I promise you it adds up keep working
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i will spill a secret about the dark side of this kind of room & setting: if you join and get to this table from a young age as a man, it is difficult to leave even when you want to, they won’t let you and if you force it, you’re playing with fire and toying with your life.
1980’s Finance@1980Finance
Business dinners in the city
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@mean_field_zane is CFA necessary for asset management? Or would A&F degree be fine?
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