Summer Associate
Program Overview
Fall 2004
Agenda
Program Objectives
Program Details
• Staffing and Responsibilities
• Support
• Evaluation
Panel Discussion / Previous Experiences
1
Program Objectives
Develop broad-banking competence through diverse
assignments
Build extensive professional network within the Firm
Create a collegial environment in which summer
associates can learn about investment banking
Non-competitive atmosphere builds ties with
bankers and other summer associates.
2
Program Structure
10-12 week program
Summer associates are fully integrated into deal teams
within coverage and product groups
Additional functions to educate summer associates on
the Firm, people and culture
Generalist philosophy produces a wide breadth of
experiences, broadens networks, and best allows the
Firm to meet student interests.
3
Staffing and Responsibilities
Responsibilities similar to full-time associates
Act as an associate on behalf of the Firm
Project assignments are based on:
• Summer associate’s requests/interests
• Diversity of projects
• Balanced exposure to multiple groups/products
• Firm needs
Full-time staffers dedicated to balancing student and
Firm interests.
4
Support – Skills Based
Technical and Execution Skills
• Three-day training to kick off the program
• Hands on learning with the bankers on deal teams
• Experienced associates on-call through the summer for
“one-off” emergencies
5
Support – Mentoring
Each summer associate is assigned three mentors
• MD
• Director/VP
• Associate
Provides continuity through the summer
Advice on work issues and professional development
Mentors help see that professional and personal
goals are being addressed.
6
Evaluation Process
Mid-summer and summer-end reviews
Team members provide feedback on the summer
associate’s performance (from analysts to MDs)
Mentors liaise with feedback/review committee
Specialists serve as additional advocates with review
committee
• Ensure “constructive” feedback
• Serve as advoca