Kyle Jacobsen is a Finance major and will be graduating in May of 2019. He interned this summer for Citigroup as the Sales and Trading Intern in New York City, New York.
How did you get this internship? I got my sales and trading summer internship at Citigroup through the help of many individuals here at the school. The core being the career coaches, Arizona alumni, and seniors in similar positions. Additionally, I networked for many months via cold emails, warm emails, and personally financed trips to NYC.
What was a typical day like? A typical day during the internship was a 5:30AM arrival where I would prepare an analysis of overnight market developments. By 7AM, most interns would attend a morning meeting with traders where conferences would occur with other branches to get an idea of market flows. From 8AM to noon, I would be shadowing with traders on my desk and asking for projects I can work on throughout the day. From noon to 1PM, there was a broader internship speaker series meeting. From 1PM to 4PM, I was shadowing and taking notes of the dynamics of the desk. From 4PM to 8PM, it was a crucial time to work on projects, summarize market events of the day, and find ways to uniquely help the team without being asked.
What advice do you have for other students looking for a similar internship? The advice I give to all students regardless of major is to fully utilize the resources available at Eller. That encompasses everything from your career coaches, professors, peers, Eller organizations/clubs, career fairs, and alumni. Once you proactively locate which students or alumni in a similar position to the one you desire the key becomes following in their footsteps at the school (ex. Wall Street Scholars, Investments Club, Professional Fraternities in myself and many of my peer’s cases).
How did Eller prepare you for your internship? Fellow Eller upper division students, career coaches, and the Bloomberg terminals allowed me to prepare for this internship. The concepts, mindset, and strategies to succeed in front office investment bank roles aren’t fully covered by the current academic curriculum so it is up to you to be proactive and find a way to acquire the right skill set long before the summer. The best way to do this is to talk to alumni and get the best access you can to the same resources they rely upon to make decisions.
Did your internship employer provide housing or transportation assistance? My employer provided financial assistance for housing and/or moving.