We've heard this so many times, and we feel the need to share it again with the incoming class of Wall Street interns.
One great piece of advice any banker/hedge funder will give to the new recruits isn't what they will want to hear.
Don't go to the Hamptons.
"You don't want to be in the Hamptons," one hedge fund portfolio manager, who also spent many years working at a bulge bracket bank, told us. "How are you going to be working on Monday? You have eight weeks to prove yourself. It's insane! We had an intern last year, and the guy was on call 24/7."
