Abirch III: Questions about ibanking and NYU

<p>Hi Abirch III, from reading your posts, I found that we have a lot in common. I am not only applying for NYU's math/econ program, but also have the ambition of working at the sales & trading sector. I hope you could clarify a few questions for me.</p>

<p>1) I found a ibanking internship through a teacher at my school and my interview will be in early February. Could you please tell me what are some possible tasks they might assign to a hs senior?</p>

<p>2) For NYU's math/econ program, does graduates receive a dual degree in BA and BS?</p>

<p>Thank you very much for your help.</p>

<p>1) The tasks you'll do will depend on the type of bank you work for and who you work for at the bank. I'm currently a frosh, and I work in a boutique bank so I'll assume a HS senior will do roughly similar things if that's the type of place you end up. A lot of stuff I do is menial (e.g. filing, checking spreadsheets, etc). Other things are interesting since I work at a smaller place and not a bulge bracket, e.g., I did some reserach on the energy industry (we specialize in that sector) and I've sat in on a couple client meetings. Like I said before, I'm most likely not going to be banker, I'm more of a trader type, but quite a few people have told me a solid banking background can't hurt if you want a good intro to wall street. So, it's def. a good experience and I'm learning a good amount. You're on the right track by using your teacher's connections to get a job (I did the same thing, one of the MDs at my bank is a family friend and also went to my high school). Connections mean everything in ibanking, from getting the job, to doing well in it since at the higher levels you have to bring in business to succeed. </p>

<ol>
<li>I think it's a BA, but I'm only a freshman and I honestly don't know. Also, I don't think there is any difference between a BA/BS in econ/math, it's just a matter of semantics.</li>
</ol>

<p>Thanks a lot Abirch III</p>

<p>To be more specific, I will be interning at Merril Lynch.
Just a couple more questions:
1) Since my weekday schedule is very tight, is it possible that ML will let me work on th weekend?
2) For Excel spreadsheets, the only working knowledge I have is from science labs and statistic projects. Would it be a wise idea to learn the advanced functions?</p>

<p>Thanks again.</p>

<p>1) That will depend on ML and what they expect out of you. The place I am is very fleixible with my part time work schedule since they know I'm in college. In fact, I took a more than a few days off for final exams this last semester. They know you're an intern in school and not a full fledged analyst, so I would imagine they work with you for making the best work schedule possible and I doubt anyone is expecting you to put in 90 hrs a week....at least not yet anyway, :). </p>

<p>2) I wouldn't bother learning any of that stuff. You've got the job already, and they'll teach you everything you need to know once you get there.</p>

<p>Good luck.</p>

<p>hey just wondering (applied) is your internship at ML a paid internship?</p>