A Day in the Life of an Investment Banking Summer Analyst
Apr 9
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themodelingschool
aka: Eight Weeks of Fear, Formatting, and Fake Smiling Through It All
Hi, I’m Lisa. I’m a summer analyst at a bulge bracket bank in New York. It's week three of my ten-week internship, and I’m operating on five hours of sleep, one protein bar, and the lingering fear that one wrong chart will cost me my return offer.
Morning (8:00 AM – 10:00 AM): Every Day Feels Like Day One
My alarm rings at 6:45 AM. I’m out the door by 7:30 AM, headphones in, pretending I’m in a documentary about burnout.
By 8:00 AM, I’m at my desk, reviewing yesterday’s materials like I wasn’t awake past 2 AM editing them. I refresh email obsessively until 8:30 when the associate finally pings:
“Hey, can you update the market slides from yesterday? Minor tweaks.”
Minor = three hours of work.
At 9:15 AM, a VP calls to say the MD wants “more strategic messaging” on page 4. I write down the note and nod. I have no clue what “strategic messaging” actually means in this context. I tweak a few bullet points and hope for the best.
Midday (10:00 AM – 2:00 PM): Welcome to the Slide Mines
I get looped into a live deal and spend the next two hours updating public comps. Every cell requires 17 checks: 10-Ks, press releases, Bloomberg terminals, and second-guessing myself. I feel like a forensic accountant with imposter syndrome.
At 12:30 PM, there's a summer lunch with HR. It’s supposed to be a break, but everyone’s trying to look as professional and low-maintenance as possible. Someone jokes, “We haven’t seen sunlight in days.” No one laughs. It hits too close to home.
By 2:00 PM, I’m back in the trenches, formatting pages, updating models, and fielding feedback like “Can we make this more client-facing?” Sure. I add a drop shadow.
Afternoon (2:00 PM – 8:00 PM): The Return Offer Olympics
I get asked to join a call — the MD speaks for 20 minutes straight. I pretend to take notes.
Afterward, the associate says, “Great, can you draft a follow-up email summarizing the key points?”
What key points? I piece together three coherent sentences and pray it sounds polished.
At 6:00 PM, the deck goes through “final” comments.
At 7:30 PM, I’m told we need to “tighten the messaging.” Again.
At 8:00 PM, the associate leaves. I stay. Return offers aren’t handed out to people who leave early.
Evening (8:00 PM – 2:00 AM): Where It All Comes Together (and Falls Apart)
By 9:00 PM, I’ve updated the deck, checked for typos, aligned every text box, and labeled the version “v19_FINAL_FINAL2.” The VP replies: “Can we go with dark blue instead of navy?”
I stare at my screen for five seconds before making the change.
At 11:30 PM, I’m the only summer still in the office. I feel kind of proud. Kind of broken. I finish one last edit and send it to the team. I put my phone face-down and wait in silence.
At 1:45 AM, the MD emails back:
"Looks good. Thanks everyone."
He probably didn’t open the file.
At 2:00 AM, I shut down. I wonder if this is sustainable. Then I remember — only seven weeks left. And maybe… a full-time offer.