Everyone who is majoring in a business/economics-related field is participating in the rat race to score a summer internship at an investment bank in New York City. Cornell’s Career Services Center is in charge of on-campus recruiting, organizing resume drops and interview schedules for investment banks. My goal was to get one offer for the summer, so I dropped my resume and crossed my fingers. Hey, as Wayne Gretsky once said, you miss 100% of the shots you don’t take, right?
The interview and hiring process is cutthroat. Just at Cornell, 300 resumes can be submitted, a firm may only interview around 25 students, and then extend offers to 4 students. Multiply 300 by the number of schools recruiters visit…and that’s a lot of competition for these jobs. I decide to focus my efforts on getting an internship in Sales and Trading; I end up getting a couple of interviews. However, the hardest part now is landing the job. Everyone is qualified, so first impressions are everything, since you have 30 minutes to convince the interviewers that you deserve the job. This means being super prepared, understanding yourself as a person, the firm, and the world of finance.
The night before one of my interviews, I had talked to one rep (let’s call him Guy) at a pre-interview event. Networking and increasing face time with the interviewers helps, and can sometimes tip the scale between yes/no for a candidate. I’m a true believer in fate and luck (I usually don’t have any), because the next day at Barnes Hall (Career Center), who do I see at the doorway? Guy, who turns out to be my interviewer! The other interviewer is another Cornell grad who’s an energy trader (Guy’s in sales). We shuffle into the 10-square-foot interview room, I sit down in my seat. “Here’s my card,” the trader says, “…and here’s mine,” Guy follows. My palms start sweating. Here we go.
The interview is very technical, walked right into that one, being an econ major. However, something about this interview just clicked. I’m comfortable, answering questions, in control. The best part is the “brainteaser”. If a clock shows 3:15 as the time, what is the angle between the hour and minute hand? I nail it (7.5 degrees), but the answer doesn’t really matter: interviewers just want to see your thought process and quick quantitative skillz…and that’s that. The interviewers say they’ll keep in touch and let me know ASAP. I run home–have to catch my flight–and email thank you letters.
While stuck in LaGuardia airport on my way to Memphis, an unknown number calls my phone. Crap. I pick it up, and it’s none other than Guy:
“How’s it going?”
“Uh…ehh…uh…good. I’m at La Guardia right now, stuck between flights.” (real smooth.)
“Well hopefully you get out okay. I wanted to call you on behalf of Firm X and extend an offer…” (I don’t remember the rest of what he says because I literally PIDDLE MY PANTS in those 3 seconds. I was expecting that if I got a good call, it would be a pass to Round 2 of interviews.)
I GOT A JOB OFFER. BLOOD IS TINGLING. HOLY MACKERAL AND TUNA AND BASS. Guy, clearly noticing that I am speechless, tries to guide me, letting me know that I can either accept the offer on the spot or give a decision later. “…um….Thank you…wow…um…” Yep. I’m at a complete loss for words. And now Guy is rethinking if the offer was valid or not (you speak-ah English?). I tell him that I have another interview on Monday so I couldn’t give him an answer on the spot, but I would let him know ASAP when I made my decision. Hang up, immediately call Mommy Lin, who screams around the house (exaggeration) and hangs up to immediately to call Daddy Lin. I call my housemates, call my friends. I feel like Charlie Bucket, alone with the golden ticket. I want to scream at the top of my lungs, but that would have most likely been met with dubious stares and security officers. All the time spent perfecting the cover letter, the resume, interviewing, was worth it.
See you in NYC this summer!