Who's Interning In Nyc This Summer?

Who's Interning In Nyc This Summer? or just going to be there

#1 carebear

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Posted 14 February 2007 - 02:22 PM

hey, are any of you interning or just going to be around nyc over summer?

if interning.. post what you'll be doing and what company

also.. anyone happen to know of nice places to live for the best rates? (i'll be working around times square)

as for me, i'm doing summer investment banking with bear stearns

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#2 QUlRKofFATE

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Posted 15 February 2007 - 10:02 PM

i think living expenses anywhere near times square are going to be steep. that sounds like an awesome internship though! have fun and gluck!

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#3 knickstorm

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Posted 16 February 2007 - 08:42 PM

lol, my friend who's graduating in may has a job lined up at bear stearns

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#4 ronmexico

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Posted 19 February 2007 - 09:57 AM

You don't have to live anywhere near Times Square because just about every subway line goes there. If you really wanted to save money you could live in Queens. On the 7 or N/W line, it's only maybe 20 minutes to Times Square.

#5 AznBetty

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Posted 21 February 2007 - 09:15 AM

umm.. theres no way your gonna find a cheap place in the city.
a really small studio is still 1300.
youre best bet is brooklyn or queens.

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#6 Loveholic2u

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Posted 19 April 2007 - 06:14 PM

QUOTE(ronmexico @ Feb 19 2007, 01:57 PM)

yep, that's what i was going to say, queens is actually a pretty good place to stay at

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#7 steelwingz

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Posted 19 April 2007 - 06:20 PM

You can try astoria... I know the person above us is leaving in around june.... however I'm not sure.

#8 dunpingy

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Posted 19 April 2007 - 06:35 PM

ibanking..
might as well live it up in manhattan
screw queens
you're selling your soul, might as well do it in style

#9 k1D3Ck

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Posted 19 April 2007 - 08:54 PM

QUOTE(dunpingy @ Apr 19 2007, 09:35 PM)

ibanking..
might as well live it up in manhattan
screw queens
you're selling your soul, might as well do it in style

I would like to hear more about this reasoning statement.
Selling your soul, so might as well do it in style? Does this mean most ibankers make lots of cash so you can afford to live the high life, yet you will be working like a dog?

Or something else? I don't know anything about ibanking so fill me in.

And to the OP good luck.

#10 Voltage

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Posted 20 April 2007 - 11:15 AM

carebear can you describe your recruiting process? It doesn't seem like there are many target schools for recruiters so I'm guessing your internship process was quite difficult. I just came out the interview season from a target school, but still found getting an internship to be extremely difficult. Do you remember the questions they asked during your interview? From my experience, I was asked mostly quantitative questions and brain teasers.

#11 k1D3Ck

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Posted 20 April 2007 - 05:14 PM

QUOTE(Voltage @ Apr 20 2007, 02:15 PM)

He is interning as a ibanker?
What is your major?

#12 Voltage

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Posted 20 April 2007 - 06:10 PM

well he said he's a summer investment banker, so i assumed that meant summer intern/analyst.
I'm doing a summer analyst program as well at another ibank in nyc. My background is EECS

#13 dunpingy

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Posted 20 April 2007 - 08:34 PM

ibankers are usually business majors (mostly finance), but a lot of engineers and quantitative mathematicians make good analysts

you have no work life balance
you get paid ridiculously well, but you're essentially working two jobs
a lot of ibankers spend their weekends getting totally trashed and going to strip clubs if you're not already working, because a relationship with a real person is almost impossible
say goodbye to your friends too

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#14 k1D3Ck

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Posted 20 April 2007 - 09:57 PM

QUOTE(dunpingy @ Apr 20 2007, 11:34 PM)

What amount is ridiculously well?
Just curious.

#15 dunpingy

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Posted 20 April 2007 - 11:02 PM

starting salary with bonus is easily over 100k
if you make it past analyst, i think the next level is around 200+

#16 cielle

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Posted 21 April 2007 - 12:11 AM

I'm just going to Ithaca, NY during the summer for 20 or so days... gah I do not like that place. (used to live there for like 3 months) i feel sorry for cornell students, it's just not a very fun town

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#17 k1D3Ck

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Posted 21 April 2007 - 08:54 AM

QUOTE(dunpingy @ Apr 21 2007, 02:02 AM)

starting salary with bonus is easily over 100k
if you make it past analyst, i think the next level is around 200+

Maybe I should consider a career change

#18 be_mellow

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Posted 21 April 2007 - 01:32 PM

I'm interning in a disability-rehab like clinic for my psychology major in Manhattan...monster.com always has something.

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#19 D_K

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Posted 02 May 2007 - 07:35 AM

QUOTE(dunpingy @ Apr 21 2007, 01:02 AM)

starting salary with bonus is easily over 100k
if you make it past analyst, i think the next level is around 200+

Clearly an exaggeration. No analyst makes 100K without experience. It's simply ridiculous. Working as an analyst at a BB will get you an above average entry-level salary but nowhere near 100K. I speak from experience. I was an I banker, most of my colleagues and friends are I bankers.

The entry into this field is competitive. But the supply of eager job seekers with a half-decent intellect are of abundance. LOL. You really think that these sophisticated firms that are in the business of making money will pay you six figures cause you can derive CAPM and regurgitate the M&M theory??

You start to make some real money at the senior associate and VP level.

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