Moelis & Company in Boston
Preston McNeil, an Econ major from Boston College in Boston Massachusetts, shares with us some of his experiences at the investment bank Moelis and Company in Boston last summer. He will be working there full-time starting this summer.
Where did you intern and for how long?
I interned at Moelis and Company in Boston for 10 weeks.
I was a Summer Analyst in investment banking.
Explain a project you worked on.
The main thing that I did there was projecting companies’ financial future with different Excel models that was then used by various private equity companies. We would show how profitable these companies would be as well as the returns for the company. We also worked on a lot of due diligence for a company that wanted to sell. This meant a lot of summarizing who the company was, what they wanted to do, what their products were, etc.
To whom would you recommend this type of internship?
I would recommend this internship to people who have interest in finance and want a great place to start their careers. Also, people need to be very conscious of the hours demanded for this type of work.
Why do you think it was a good resume builder?
It was great for the resume because it shows that you are both capable of working in the financial world and of learning from a very broad perspective. It shows that you can work hard, that you are competitive, and that you can deal with other people. It’s a great foundation to start your career.
Does it lead to future job possibilities?
Yes, I will be working there full-time starting this summer. Also, there are a lot of great contacts that you can make while there. I had awesome opportunities to network with some interesting people.
What steps could someone else take to get a similar internship?
To be more prepared I would suggest taking several finance classes, and most specifically corporate finance. Particularly helpful classes are those that teach different valuation processes and how everything relating to that works. I would also suggest networking with people and working on becoming as personable as possible. Practice interviews are also really helpful in preparing for this job. Lastly, it is important to know Excel very well.