The diversity of work that I got to do working with the fixed income, mortgage and equity teams throughout the summer allowed me to develop an array of skills that were all relevant to my future career goals. This was very important to me from the beginning and I feel that PH&N was a great fit for my summer. The most interesting work for me was writing research papers for both client and internal distribution. These papers gave me the chance to explore areas of interest beyond the high level understanding required for completion of day-to-day tasks.
There were two interns including myself working in the institutional team. This summer was the first time that they decided to accept two and it was clear that the workload they were prepared to give us was better suited to one person. Unfortunately, this meant that we would complete all assigned tasks and be left without work for long periods of time. We reached out to every team member repeatedly throughout the summer but with new full time team members joining who took priority on work assignment we continued to experience extended periods of inactivity.
Unfortunately, my manager left for maternity leave halfway through the summer and there was no contingency in place nor did anyone know who we were meant to report to. The other intern and myself spent the rest of the summer more or less as our own managers.
The culture here was very different from my last experience working in a summer position at RBC. It felt as though interns were viewed as necessary obstacles rather than effective team members even though we completed our work before the deadline and at our above expectations every time. Socially, we were included in most events outside of the office but even this felt like it was more of an afterthought.
Be prepared to work hard. Expect to be independent. Work longer than you think is expected even if you don't have any work to do (they expect it but do not tell you).