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    I am working at a mid tier accounting firm, and although it's not a big 4, I have been given fairly decent stuff to do. I am working in personal tax and have so far written dozens of letters to HMRC and clients, done billing analysis among a few others and prepared tax returns for clients. would this be considered decent work for an internship?
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    (Original post by prospectivEEconomist)
    I am working at a mid tier accounting firm, and although it's not a big 4, I have been given fairly decent stuff to do. I am working in personal tax and have so far written dozens of letters to HMRC and clients, done billing analysis among a few others and prepared tax returns for clients. would this be considered decent work for an internship?
    I'd say from an Investment Bank's point of view, they'd place a higher value on the brand that you've worked with initially (i.e. what's written on your CV), however, at an interview stage I'm sure that if you've done lots of useful things in your internship you can definitely spin some good answers to competency questions that will impress more than somebody who's just done lots of workshadowing or whatever.
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    (Original post by loggins)
    I'd say from an Investment Bank's point of view, they'd place a higher value on the brand that you've worked with initially (i.e. what's written on your CV), however, at an interview stage I'm sure that if you've done lots of useful things in your internship you can definitely spin some good answers to competency questions that will impress more than somebody who's just done lots of workshadowing or whatever.
    I am going to be applying for second year internships. Do banks really care what brand you have at this stage? I know some people have spring weeks, but I don't think everyone who does a summer internship has a spring week right?
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    (Original post by prospectivEEconomist)
    I am going to be applying for second year internships. Do banks really care what brand you have at this stage? I know some people have spring weeks, but I don't think everyone who does a summer internship has a spring week right?
    Many intern applicants are final year students intending on studying a Masters the following year, so it's not unlikely that you might be up against people with big brands on their CV - I did a 2nd year internship at Barclays Capital last summer, before reapplying for internships this summer. So if you've got an applicant with an internship at an IB/Big 4 on their CV, and an applicant with a mid tier accountancy firm, who do you think the banks would rather talk to (ceteris paribus)?

    Furthermore, some second year intern applicants may have other impressive looking things on their CV, for example, a KPMG or Deloitte gap year scheme on the CV - or an internship that they've somehow secured in first year, in addition to a spring week. As far as I'm concerned, a Spring Week is more use in Banking than a largely unrelated internship. Brand is definitely important in terms of getting you an interview, once there, it's about what you've learned/achieved from your experience that is more important. This is where you'd do better than someone who has not done much useful stuff.

    Not trying to be mean here or anything, am just telling it as it is.
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    Brand. You really do **** all during your internship.
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    Brand everytime.
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    (Original post by ElemenT')
    Brand everytime.
    I would take a no name summer internship over a brand name spring week everytime.
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    I am surprised a lot of people have said brand. Doing nothing during an internship at a good company is better than doing graduate level work at a mid tier firm? People also have to consider that it is impossible to get a summer first year internship at a bank without contacts. So you are telling me someone who got a summer internship at a bank through contacts and did nothing productive during the internship is better? I find that hard to believe tbh.
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    (Original post by prospectivEEconomist)
    I am surprised a lot of people have said brand. Doing nothing during an internship at a good company is better than doing graduate level work at a mid tier firm? People also have to consider that it is impossible to get a summer first year internship at a bank without contacts. So you are telling me someone who got a summer internship at a bank through contacts and did nothing productive during the internship is better? I find that hard to believe tbh.
    Unless your CV/Cover Letter has in depth details of your internship (which since banks only want a 1 page CV/Cover letter, is unlikely), the banks will go for the candidate who has the better brand on the CV, it's a sad truth. Also, who are you to say that interns at bigger firms have been doing less constructive work than you? Some desks work their interns bloody hard, so it's the case that they learn a lot of stuff.

    We're not putting you down, we understand that you've done well to get an internship in first year, so you're a step ahead of everyone else who hasn't secured anything. But with reference to your original question, Brand is definitely an important thing to have on your CV. It shows that you've been accepted into and have worked in a quality corporate environment. Don't you get it?
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    (Original post by loggins)
    Unless your CV/Cover Letter has in depth details of your internship (which since banks only want a 1 page CV/Cover letter, is unlikely), the banks will go for the candidate who has the better brand on the CV, it's a sad truth. Also, who are you to say that interns at bigger firms have been doing less constructive work than you? Some desks work their interns bloody hard, so it's the case that they learn a lot of stuff.

    We're not putting you down, we understand that you've done well to get an internship in first year, so you're a step ahead of everyone else who hasn't secured anything. But with reference to your original question, Brand is definitely an important thing to have on your CV. It shows that you've been accepted into and have worked in a quality corporate environment. Don't you get it?
    I do, but surely a top 7 accounting firm's would have a professional and 'quality' corporate environment, no? Am I missing something here? Perhaps the big bulge have a more professional corporate environment as I have never worked there, but when I did my spring internship at a bank in the city it was no more professional than where I am working now. Nevermind, I have a feeling this thread will turn into personal attacks very soon.
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    (Original post by prospectivEEconomist)
    I do, but surely a top 7 accounting firm's would have a professional and 'quality' corporate environment, no? Am I missing something here? Perhaps the big bulge have a more professional corporate environment as I have never worked there, but when I did my spring internship at a bank in the city it was no more professional than where I am working now. Nevermind, I have a feeling this thread will turn into personal attacks very soon.
    Well yeah, but think about it this way. If you've got two grad job applicants for say, FI Trading, one's done a Trading internship at Goldman Sachs the other has done one at RBS, assuming that all other things are equal, which applicant would you choose to interview and why?

    It's pretty similar, don't assume that the guy at RBS will have had a more constructive internship, it's probably not true.
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    (Original post by loggins)
    Well yeah, but think about it this way. If you've got two grad job applicants for say, FI Trading, one's done a Trading internship at Goldman Sachs the other has done one at RBS, assuming that all other things are equal, which applicant would you choose to interview and why?

    It's pretty similar, don't assume that the guy at RBS will have had a more constructive internship, it's probably not true.
    I totally understand what you mean, but how is it possible to get a job at an investment bank in your first year unless you have contacts? Don't companies appreciate people more who have had to go through a proper process of interviews, even if it is a a less prestigious firm, than someone who asked their uncle to give them an internship?
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    (Original post by prospectivEEconomist)
    I totally understand what you mean, but how is it possible to get a job at an investment bank in your first year unless you have contacts? Don't companies appreciate people more who have had to go through a proper process of interviews, even if it is a a less prestigious firm, than someone who asked their uncle to give them an internship?
    NB, as I said above, in this climate a high proportion of candidates will be second years who have already done an internship and are on a 4 year course/pursuing a Masters. Don't assume that you're only competing with first years.

    Also, regarding your second point, how the hell would an IB know how you managed to land your internship?! You're hardly going to put it on your CV that you secured it through a relative etc, even if it comes up in an interview it's still not a bit deal, so long as the academic credentials are there it simply shows that he/she is a good networker and can use their contacts well - not a bad thing.
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    I also think the brand is the most important; because of today's competitive workl market....however y should also be conscious that big brands are most of the time abusive with their interns; I just finished an internships witha big Swiss company, and I ended up at my Doctor's office; taking treatments ; this has been one of the worst experiences ever and has greatly affected my personal life: no week ends, no time to make new friends, no love life : a total desaster !!!. .it almost killed me ..however what doesn't kill you , will make y even stronger: I have suffered a lot, but also learnt a lot, this has been a new unexpected turning point in my career, and opened interesting perspectives for my future...My advice is to get a clear outline of the tasks you will perform before y accept a position with a big brand .
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    (Original post by So I am)
    I also think the brand is the most important; because of today's competitive workl market....however y should also be conscious that big brands are most of the time abusive with their interns; I just finished an internships witha big Swiss company, and I ended up at my Doctor's office; taking treatments ; this has been one of the worst experiences ever and has greatly affected my personal life: no week ends, no time to make new friends, no love life : a total desaster !!!. .it almost killed me ..however what doesn't kill you , will make y even stronger: I have suffered a lot, but also learnt a lot, this has been a new unexpected turning point in my career, and opened interesting perspectives for my future...My advice is to get a clear outline of the tasks you will perform before y accept a position with a big brand .
    Owch mate, that sounds like a pretty piss poor way to spend your summer, did you at least convert your internship into a grad offer?
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    (Original post by So I am)
    I also think the brand is the most important; because of today's competitive workl market....however y should also be conscious that big brands are most of the time abusive with their interns; I just finished an internships witha big Swiss company, and I ended up at my Doctor's office; taking treatments ; this has been one of the worst experiences ever and has greatly affected my personal life: no week ends, no time to make new friends, no love life : a total desaster !!!. .it almost killed me ..however what doesn't kill you , will make y even stronger: I have suffered a lot, but also learnt a lot, this has been a new unexpected turning point in my career, and opened interesting perspectives for my future...My advice is to get a clear outline of the tasks you will perform before y accept a position with a big brand .
    Swine flu?
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    (Original post by Prince of Zamunda)
    Possible. And then there are those doing internships in hedge funds, PE firms, Asset Management firms, Consultancy firms, big 4 etc


    Don't underestimate the competition. Just strive to do the best you can.
    Papa MD, eh?
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    Brand takes you far. As long as you have a good FO internship at a top bank, even if you are doing **** work, you can leverage considerably to get a job that is actually good. I did that, and turned down an offer for another summer internship from the same place I worked last year to join a full time job at perhaps a lesser ranked bank, but specialising in the area that i enjoy the most, ie. energy prop trading. At the end of the day, wherever you are given REAL financial responsibility soon, you can climb up the fastest (or fall the fastest). At BBs, it tends to v. hard to get that chance soon. Perhaps 2-3 years at least although for 99% of grad roles, you can pretty much forget about prop straight out of uni. The ticket to my current job was from my related work in summer, and brand made a bloody huge difference.
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    Brand. No one expects you to learn DCF models and LBO modelling in an internship so they aren't going to discount you if you didn't do any fancy stuff. If you have a strong brand name which hires the best candidates for the job then you will be well placed for future opportunities (its sort of a check right, you think if you did an internship with Goldman Sachs or JPMorgan you must be good/smart). But with a no-name firm, it can seem like any dude can get it.
 
 
 
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