Question 8 - AM and Anish Interview
- 04:00
What would you say people who don't get offers typically do wrong?
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- And lastly, Anish, some people don't get offers, what would you say they typically do wrong for people who don't get offers? - So if you have, so if we're talking about folks that are in the internship, they do the 10 week internship. And they don't get an offer. So for those folks who've gone through the internship and they don't get an offer- - The 20%, what do they do? - Yeah the 20, the 20% right? I guess, you know, it's difficult for me to know, you know, what exactly they did, but I would almost guess that it's not something that you did. Look, if it's something that you did, you know, it's something that you did right? And if that's the case, then you know, maybe next time don't wear that to the office or don't say that to someone or don't drink as much before a Monday 8:00 AM meeting. If it's something you did, you know what you did was wrong. More often than not, it's things that you didn't do. And, you know, we talked a little bit earlier about just having the right attitude, having a positive attitude, being a team player. It's really the basic kind of fielding ground balls, blocking and tackling type stuff that I think people don't do which ends up disqualifying them. And I think that's a good thing. I think that's good news in the sense that you don't need to become an M and A expert first week on the job. You don't need to be an accounting master. Even if you are, those things aren't gonna save you or bail you out. You simply just need to be someone that people can trust and work with. You know, it's amazing. The one thing that was amazing and probably the biggest realization for me coming into this world with zero background, my parents are immigrants. They've never worked at an investment bank before. I learned that there wasn't as much emphasis, especially for a young person, on being an expert on anything. They assume that you will learn is the, you know, this is still a, this industry is still very much an apprenticeship industry, right? The idea is you don't know everything going in. You won't know everything being there for year, two years, even five years. It's something that takes a long time. So no one is gonna ding you for not being an absolute expert. What they will ding you for, what they will be, raise their eyebrows at is, you know, are there certain basic things that they just can't rely on you for? And then the next step is, you know, are there just certain standard financial analyses or financial concepts that everyone in the group kinda needs to understand or use or operate? And for those things, yeah, you will have to spend some time learning them if you don't. And there are resources that you can use now, you know, obviously this is one of the financial edges, if this is something that you're using, and then two there are probably gonna be people in your group or at the bank or you know, things that you can use to learn and get up to speed on those things. So I think it's the things that you don't do that end up getting you in trouble. It's not really the things that you do, but don't do anything stupid. - Yeah and attention to detail. I think that's also, you make mistakes. Too many mistakes, then that's another problem right? - Yeah one is too many. - Yeah, Anish... - Yeah, that's an issue. - Thank you so much. That's been really, really interesting to hear your perspective. And there was some great advice there, so I really appreciate your time, and thank you so much for spending it with us. - No, thank you for having me. It's always been a pleasure working with you when I was at Goldman, and it's a tough time. People are nervous. I think in general, becoming an investment banking analyst or an associate is a stressful experience. My view would be, look, it's well within your control. This road has been traveled before. It's nothing you can't do. Just focus on what makes you you. Understand your story very, very well. Know your strengths, be aware of your weaknesses. Work on those weaknesses, and understand that everything will ultimately be fine in the end. - Yeah. Great advice.