The Complete Guide to Wall Street Internships

New York Magazine writes: Congratulations! You’re a Wall Street intern. You dropped off a résumé at your school’s career services center, aired out your big-boy or big-girl suit, earnestly nodded your way through an info session, aced an interview, and got an offer to be a summer analyst at a big New York bank.  This month, you'll join the thousands of Wall Street interns making the move to New York — a vast ecosystem that absorbs ambition and idealism and produces Excel shortcuts and ennui. For your troubles, you'll make somewhere in the neighborhood of $15,000, plus another few large as a housing stipend at the good banks. (If you need to ask what the good banks are, Intern, your problems are above our pay grade.)

Goldman Sachs, the Harvard of finance internships, describes its summer analyst program as “a unique opportunity to learn about the finance industry by working side by side with the experts.” That, of course, is a lie. While a small subset of Wall Street interns may, in fact, work with experts on “real projects” (another Goldman promise), the vast majority will spend their summers sucking up to group heads, pulling FactSet data for financial models that never see the light of day, and trying not to make fools of themselves on the rare occasions they’re let out of the office….

Read all about it at http://nymag.com/daily/intel/2012/06/complete-guide-to-wall-street-internships.html