We’re delighted to extend a warm welcome to the distinguished members of our 2024 Global Summer Intern Class. Throughout the upcoming months, they’ll have the opportunity to partake in an enriching array of experiences, including technical training, insightful case studies, personalized mentoring, and dynamic team-building activities. Discover how Houlihan Lokey plays a pivotal role in nurturing and shaping the next generation of leaders: https://lnkd.in/gPF3YJSY
Pleased to have had the opportunity to meet and work with several interns this year and trust that they will find the summer program at HL to be a rewarding and enriching experience!
How do you get into High Finance with such fierce competition?
#HighFinance#Networking#JPmorgan#Blackstone
🤔 Thinking about breaking into the world of high finance? Here's a reality check for you:
- JP Morgan received almost half a million applicants for their internship program 😱
- Blackstone only accepted 170 out of 60,000 applicants 📉
So, what does it take to get into high finance? It's a tough nut to crack, but here are a few tips to increase your...
Source: https://lnkd.in/gbE-mJX6#mymetric360
"Thrilled to have successfully completed my Summer Internship Program, where I gained invaluable insights in the following Financial areas :
Roles and responsibility for this internship
1] Equity research
· Valuation – types of valuation
· DCF valuation on growth company
· Valuation perspectives of new ages startups
2] Economic research
· US banking crisis (silicon valley bank + various small banks)
· Bankruptcy of credit suisse
· Problems faced by chinese banks because of loans to the real estate sector
· All three compared with the strength with the Indian baking sector
3) Portfolio management
· Constructing a midcap portfolio using various criteria. Calculating risk adjusted returns of this midcap portfolio with that of the Nifty midcap index Excited to apply these learnings in the next phase of my career!"
How far will you go for your dream career? For Singapore's aspiring bankers, it's doing as many as six internships and going a step further by deferring their graduation.
While there’s long been intense competition between students as they jostle for opportunities to build their work portfolio, mass layoffs in Asia due to a slump in deal-making in the region have only further fueled the competition.
And Goldman Sachs and J.P. Morgan have seen a surge in applications for their internships programs.
More in my story with Ainsley Thomson:
The problem with a university education (undergrad) is that it teaches you how to be unhappy. It tells you what you should aspire to become, how much you should expect to earn, who you need to network with to get your foot in the door and where you should be applying.
It promises you financial freedom. Stack those internships like pancakes, get that degree, get hired for a good job based on that jacked resume. Climb your way to the top. But until then, you stay discontent because you haven’t reached a place you are supposed to be.
And since climbing your way to the top involves some form of ruthlessness, let’s bring that into the class room as well. Let’s make class participation competitive , presentations cut throat: your grades bell-curved just like how your future work bonus will be similarly moderated. Hopefully you feed that bloodlust long enough so that you can bring it into the boardroom as well.
I remember feeling inadequate having done only ONE internship. At a local production house, cleaning out cupboards, attending casting calls, holding a boom mic for filming, eating leftover fried chicken from a KFC shoot. A business student with no relevant internship(s) or near-perfect GPA.
Sadly it made me terribly unkind as well. The way we bidded for modules, schemed our way into forming stronger presentation teams and being absolutely unforgiving when it came to Q&A for presentations against opposing presenters. As though decimating the competition meant better grades for us. How … childish.
When I look back, I was simply groomed to view the world in a myopic manner. A university operates as a business. It is required to breed a cohort of laser-focus, ruthless graduates that can compete and successfully capture a limited pool of jobs. Jobs that pay high starting salaries. So when post-surveys period comes along, the average starting salary declared becomes causative to what a good university education is.
In Sunny Singapore, some industries pay a lot more for the same work and so naturally we were herded to those high income sectors ( banking and consulting in my time ). To reinforce that belief, the school invited successful alumni, perfect specimens that exemplified how career success looked like. Mentorship panels are still the same, everyone has to be some CEO/Partner/GM/Founder.
I look at my Alma Mata now and it’s sad. Undergrads are homogenous. Their resumes reek of exactly this- multiple internships, committees they never really wanted to be apart of, interest-groups they joined just to look interesting. Instead of providing them the capacity to ask questions, to think for themselves, we have given them a mould of life success to conform in.
To those who are not stacking internships.
Good.
Just live.
Explore life.
Read wider.
Write more.
Speak clearer.
Think deeper.
Explore you.
Hold on dearly to that passion that comes with youth.
You are so much better than this and life really is … so much bigger.
Fresh Graduate from Nanyang Technological University
How far will you go for your dream career? For Singapore's aspiring bankers, it's doing as many as six internships and going a step further by deferring their graduation.
While there’s long been intense competition between students as they jostle for opportunities to build their work portfolio, mass layoffs in Asia due to a slump in deal-making in the region have only further fueled the competition.
And Goldman Sachs and J.P. Morgan have seen a surge in applications for their internships programs.
More in my story with Ainsley Thomson:
Presentations Designer at Houlihan Lokey
2moPleased to have had the opportunity to meet and work with several interns this year and trust that they will find the summer program at HL to be a rewarding and enriching experience!