Internship Spotlight – Chris McKinney, Jefferies LLC

Eller PDC Coordinator Student Stories

Chris McKinney is a Finance major who will graduate in May 2019.  He interned for Jefferies LLC this summer as the Equity Sales and Trading Summer Analyst in New York, New York.

How did you get this internship?  I got this internship with the help of my career advisors as well as the Wall Street Scholars Program. Both of these resources provided me the ability to network with Wall Street professionals, who in turn helped me receive my internship.

What was a typical day like? A typical day started around 6:00 AM when I would arrive at the office and begin my morning reading. I read the overnight news and prepared write-ups for the desk I was working on. From 7:00-9:00 AM, I would listen to the new research and prepare notes for the days trading day. Once the market opened at 9:30 AM, I would be shadowing someone on the desk, asking questions to make sure I knew what was happening. Around 11:00 AM, I would return to my desk and work on projects while eating my lunch. Around 2:00 PM, I would return to the desk and continue to shadow different individuals on the desk and see what they are focusing on throughout the day. When the market closed at 4:00 PM, I would return to my desk and finish up the projects that I had from that day while working on longer-term projects. I would leave the office around 7:00 PM every night and do it all again the next day.

What was your favorite part of the experience? My favorite part of the internship was being able to see markets move first hand and how the traders/salespeople reacted to the movements. I was also able to meet with upper management and learn from their experiences while working on Wall Street.

If you worked on a big project, please describe it below: I did an in-depth analysis of how particular securities reacted to the trade war that we are currently experiencing.

What did you find most challenging about your internship? The most challenging part of the internship was getting into the rhythm of things and finding ways to add value to the people I was working with.

What advice do you have for other students looking for a similar internship? If working at an investment bank is something you truly want to do, I recommend all students to get involved here at U of A. Join the Investment Club, use academic advisors (Jeff Welter) and look into the Wall Street Scholars Program. These are all resources available at Eller that will help you land an internship on Wall Street.

How did Eller prepare you for your internship? Eller prepared me for the internship as we are required in Eller to do projects/presentations in the group setting. During my internship, I worked in groups often and having that experience before the internship was extremely helpful to have.

Did your internship employer provide housing or transportation assistance? No, my employer did not provide any housing or transportation assistance.