- Let's talk a bit about the actual internship because in my experience, about 80% of people who get an internship will get a full-time offer. So that is kind of, that's actually the recruiting ground is the internships rather than necessarily the full-time. So let's say you've landed an internship offer, and you're going into the internship in the summer, what would you recommend, what advice would you have for people just about to embark on an internship? - So, yes, this is the next big step for you. If you've won the first round of the "Hunger Games" and you have an offer at a bank. I would say as odd as it sounds, the full-time offer for you, which should be your primary goal, is yours to lose. That's, and I honestly do feel that way. It's almost, people say that the internship is a job interview. You're there for essentially 10 weeks, effectively a little bit less. 'Cause the first week is training, the last week kind of is, you know, all the decisions are done by then. So you have about eight weeks to really prove that you belong there, right? People say it's a bit of a job interview in that sense. I almost think it's a reverse job interview. It's, you've already interviewed, you've got the offer, you're there, you're in the building. And at this point they just wanna make sure that there aren't any red flags. And if not, then they don't want to go out and recruit more people, and spend hours, and money, and time to fill that seat. They would rather go with the devil they know, so to speak, right? - Yeah. - So the first thing to keep in mind is this is really yours to lose.

To that end, I would also say that I do see many interns or even new full-time hires get into the trap once again of trying to become financial experts in everything that their group is doing. Trying to always be in a situation where, you know, they feel like they need to be doing everything. I would say the first and foremost thing that you are trying to accomplish this summer is to get your team to trust you. And the way they can trust you is by understanding A, you're reliable. So you can communicate often, they know they can depend on you for things. So always be present, be there. You know, don't be, if you end up in a situation where this is in person, don't be leaving the desk for three hours in the middle of a Monday during trading hours. Make sure people know where you are at all times, and that they can rely on you. And that's something that even a friend would want to know about you, right? So it's not that different. It's not something that's specific to banks. And then I think lastly, like the reason, and maybe this also ties into the reason that a lot of people fail is attention to detail, I think is the number one thing that really ends up becoming the Achilles heel for most analysts. - You don't have it- - Associates. - it's a disaster, right? - Yeah, I mean, your life may end up being a disaster if you don't have it as well. But specifically in the investment banking context, or the Wall Street context, I think it's a disaster if you don't, quote, unquote, "have it." But I also don't think it's something that you either have or don't have. This is something, in a good way, I think the good news is this is something that you don't need to ever take a single accounting class to learn or to be able to do very well. So in that regard, I would say before, if you're an incoming analyst or an incoming associate, whether it's for an internship or even full-time in the first few weeks, just try to do everything that you would normally do twice, okay. If it's something that looks very simple, like putting together a very simple page, or editing a simple document, just review your work. Be a little paranoid about the quality of your work because oftentimes it's the most simple mistakes that will cause the most permanent impressions in people's mind about your work quality. It's not gonna have anything to do with complicated financial analyses. - Be it typos, spelling errors, grammatical errors. - You know, naming files incorrectly. CCing the wrong person on an email. It's these little things that you don't necessarily think of. And yeah, a lot of people will say, "Well, that has nothing to do with valuation or the big M&A deals that my group is working on. That's true. But if you can't prove that, you know, they can't trust you to save a file in the correct destination, then they're never gonna trust you with some of those bigger things so. But the good news is those, you know, if you're mindful about it, those things are not difficult to master, and they can end end up giving you a full-time offer.

- That's great advice. Now, bringing it to this year, Anish, with virtual internships, would you add anything if you're doing a virtual internship. My guess, in a lot of ways we don't know exactly what they'll look like. But if you are at home and you're having to do work remotely is there anything that you.