Fixed Income: What have I gotten myself into?

Career Opportunities & Internships Investment Banking
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<p>I begin my internship at a very large bank in the fixed income division next week, I got the job from a relative. I am a freshman in college and have relatively little knowledge of the financial industry, what will probably be expected of me? I turned down a seemingly more interesting internship with an established law firm basically because the bank was paying me nearly 30% more.</p>

<p>Am I just setting myself up to be embarrassed or should I probably get by smoothly, I mean, they can't possibly expected to do that much because I am only a freshman out of college, no? I am worried that the other interns who went through the real application, interview process will understand a lot more than me and I will be ridiculed.</p>

<p>What do any of you think will be expected of me?</p>

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<p>"What have I gotten myself into?"</p>

<p>Maybe you should've known that BEFORE you took the job.</p>

<p>Your post doesn't have enough details. By "large bank" do you mean an investment bank (Goldman, Morgan Stanley, UBS, etc...), or a commercial/retail bank? "Fixed-income" is a pretty broad term. Are you working in trading? Structuring? Origination?</p>

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<p>It's an investment bank (I don't think I'm allowed to say which one), all that I've been told is "fixed income". All i know is that it deals with relatively unrisky investments like bonds or with a steady cash flow. We'll find out what I've gotten myself into soon, I'm guaranteed 8k this summer so I can't complain even if I do hate it.</p>