Wednesday, 
  June 
  3, 
  2015 
  at 
  3:54:55 
  PM 
  Eastern 
  Daylight 
  Time 
  
 
  
From: 
  Kwan, 
  Justin: 
  Banking 
  (NYK) 
  
Sent: 
  Tuesday, 
  June 
  02, 
  2015 
  11:16 
  
Subject: 
  Welcome 
  to 
  the 
  Jungle 
  
 
  
Incoming 
  Intern 
  Class 
  of 
  2015, 
  
 
  
Welcome 
  to 
  Power! 
   
  I 
  am 
  sure 
  you 
  are 
  all 
  busy 
  at 
  training, 
  but 
  in 
  the 
  interest 
  of 
  helping 
  your 
  transition 
  into 
  
the 
  summer, 
  and 
  hopefully 
  helping 
  some 
  of 
  you 
  secure 
  Full-­‐Time 
  offers, 
  I 
  wanted 
  to 
  introduce 
  you 
  to 
  the 
  
10 
  Power 
  Commandments. 
   
  Respect 
  them, 
  love 
  them, 
  live 
  them. 
  You 
  may 
  have 
  heard 
  different 
  stories 
  
about 
  Barclays 
  Power 
  -­‐ 
  go 
  on 
  WSO 
  and 
  you'll 
  see 
  us 
  called 
  the 
  "frattiest 
  group", 
  "top 
  Power 
  group 
  on 
  the 
  
street", 
  or 
  the 
  group 
  with 
  the 
  "best 
  PE 
  placement" 
  -­‐ 
  needless 
  to 
  say 
  we 
  are 
  a 
  unique 
  group 
  at 
  Barclays. 
  And 
  
with 
  that 
  come 
  unique 
  rules. 
  
For 
  9 
  weeks 
  you 
  will 
  live 
  and 
  die 
  by 
  these: 
  
 
  
1. 
   
   
   
   
   
   
  Our 
  group 
  dresses 
  very 
  conservatively. 
  Given 
  that 
  it 
  is 
  
summer, 
  no 
  socks 
  is 
  accepted 
  and, 
  in 
  fact, 
  encouraged. 
  (Men: 
  On 
  your 
  first 
  day 
  at 
  the 
  desk, 
  it 
  is 
  customary 
  
to 
  wear 
  a 
  bowtie 
  and/or 
  suspenders). 
  
 
  
2. 
   
   
   
   
   
   
  Remember: 
  this 
  is 
  a 
  summer 
  internship 
  for 
  a 
  full-­‐time 
  offer. 
  
It 
  won't 
  be 
  easy. 
  If 
  you 
  can't 
  handle 
  the 
  heat, 
  get 
  out 
  of 
  the 
  kitchen. 
  
 
  
3. 
   
   
   
   
   
   
  We 
  expect 
  you 
  to 
  be 
  the 
  last 
  ones 
  to 
  leave 
  every 
  night...no 
  
matter 
  what. 
   
  That's 
  what 
  good 
  summer 
  analysts 
  do. 
  (Also 
  getting 
  in 
  earlier 
  than 
  me 
  would 
  be 
  a 
  power 
  
move 
  -­‐ 
  You 
  should 
  enjoy 
  your 
  casual 
  9:15AM 
  PT 
  arrival 
  time 
  this 
  Friday, 
  but 
  I 
  wouldn't 
  get 
  used 
  to 
  it). 
  
 
  
4. 
   
   
   
   
   
   
  During 
  your 
  first 
  few 
  weeks 
  we 
  ask 
  that 
  you 
  direct 
  all 
  of 
  
your 
  questions 
  to 
  Michael 
  Lomio. 
  Tell 
  the 
  other 
  summers 
  too, 
  Michael 
  is 
  industry 
  agnostic. 
  If 
  you 
  ask 
  me 
  a 
  
question 
  it 
  will 
  be 
  noted. 
  
 
  
5. 
   
   
   
   
   
   
  Never 
  take 
  your 
  jacket 
  off 
  at 
  work. 
  This 
  is 
  investment 
  
banking, 
  ladies 
  and 
  gentlemen. 
  Other 
  groups 
  may 
  be 
  more 
  liberal 
  when 
  it 
  comes 
  to 
  summer 
  dress 
  code, 
  
unfortunately 
  were 
  not 
  
 
  
6. 
   
   
   
   
   
   
  You 
  will 
  be 
  assigned 
  junior 
  "mentors". 
  It 
  is 
  much 
  appreciated 
  
if 
  you 
  would 
  bring 
  breakfast 
  in 
  for 
  your 
  respective 
  "mentor." 
  Some 
  people 
  are 
  more 
  particular 
  about 
  this 
  
than 
  others. 
  
 
  
7. 
   
   
   
   
   
   
  I 
  recommend 
  bringing 
  a 
  pillow 
  to 
  the 
  office 
  (yoga 
  mat 
  works 
  
as 
  well). 
  It 
  makes 
  sleeping 
  under 
  your 
  desk 
  alot 
  more 
  comfortable, 
  in 
  the 
  very 
  likely 
  scenario 
  that 
  you 
  have 
  
to 
  do 
  that. 
  
 
  
8. 
   
   
   
   
   
   
  You 
  are 
  expected 
  to 
  allocate 
  at 
  least 
  half 
  your 
  seamless 
  web 
  
order 
  for 
  group 
  appetizers/snacks 
  for 
  the 
  month 
  of 
  June. 
  No 
  questions 
  asked. 
  Once 
  the 
  2nd 
  years 
  leave, 
  
you 
  can 
  enjoy 
  your 
  $25 
  allocations. 
  
 
  
9. 
   
   
   
   
   
   
  Have 
  a 
  spare 
  tie/scarf 
  or 
  two 
  around. 
  You 
  never 
  know 
  when 
  
your 
  associate 
  will 
  run 
  out 
  of 
  napkins. 
  
 
  
10. 
   
   
   
  When 
  you 
  need 
  to 
  leave 
  your 
  desk 
  there 
  will 
  be 
  a 
  sign 
  out 
  sheet 
  
outside 
  your 
  cubes. 
  Please 
  fill 
  it 
  out 
  including 
  where 
  you 
  went 
  and 
  for 
  how 
  long. 
  This 
  is 
  important 
  come 
  the 
  

 end 
  of 
  your 
  internship. 
  
 
  
I 
  hope 
  it 
  is 
  clear 
  from 
  the 
  rules 
  above 
  that 
  the 
  internship 
  really 
  is 
  a 
  9-­‐week 
  commitment 
  at 
  the 
  desk. 
  You 
  
are 
  here 
  with 
  the 
  sole 
  goal 
  to 
  impress 
  the 
  group 
  enough 
  to 
  receive 
  a 
  FT 
  offer. 
  During 
  my 
  summer 
  in 
  the 
  
group 
  an 
  intern 
  asked 
  our 
  staffer 
  for 
  a 
  weekend 
  off 
  for 
  a 
  family 
  reunion 
  -­‐ 
  he 
  was 
  told 
  he 
  could 
  go. 
  He 
  was 
  
also 
  asked 
  to 
  hand 
  in 
  his 
  blackberry 
  and 
  pack 
  up 
  his 
  desk. 
  
 
  
Some 
  of 
  you 
  have 
  asked 
  for 
  training 
  materials 
  to 
  study 
  up 
  on 
  before 
  you 
  start. 
  Love 
  the 
  enthusiasm. 
  First, 
  I 
  
would 
  recommend 
  reading 
  the 
  GS 
  Elevator 
  twitter 
  feed 
  for 
  some 
  social 
  cues. 
  It 
  might 
  be 
  seen 
  as 
  a 
  joke 
  to 
  
some 
  people, 
  but 
  around 
  here 
  I 
  think 
  many 
  people 
  find 
  it 
  insightful. 
  Below 
  is 
  a 
  link 
  to 
  a 
  great 
  read 
  for 
  any 
  
dress 
  questions. 
  
 
  
Dress 
  Rules: 
  
 
  
http://www.businessinsider.com/how-­‐to-­‐dress-­‐the-­‐part-­‐on-­‐wall-­‐street-­‐2013-­‐8 
  
 
  
 
  
 
  
Second, 
  I 
  have 
  attached 
  a 
  fairly 
  simple 
  LBO 
  for 
  Staples. 
  Understand 
  this 
  will 
  be 
  a 
  bit 
  tough 
  for 
  some 
  of 
  you 
  
without 
  a 
  Finance 
  / 
  UG 
  business 
  degree, 
  but 
  we 
  believe 
  in 
  you. 
  There's 
  a 
  reason 
  each 
  of 
  you 
  was 
  picked 
  for 
  
the 
  group. 
  We 
  expect 
  you 
  to 
  give 
  this 
  your 
  best 
  shot 
  and 
  send 
  us 
  a 
  completed 
  LBO 
  model 
  with 
  a 
  short 
  write 
  
up 
  by 
  Friday 
  end 
  of 
  day. 
  None 
  of 
  you 
  will 
  have 
  this 
  100% 
  correct, 
  that's 
  expected. 
  We 
  also 
  still 
  expect 
  you 
  
to 
  complete 
  a 
  significant 
  portion 
  of 
  it. 
  
 
  
 
  
 
  
Welcome 
  to 
  the 
  big 
  leagues, 
  boys 
  and 
  girls. 
   
  Play 
  time 
  is 
  over 
  and 
  it's 
  time 
  to 
  buckle 
  up. 
  Once 
  you 
  hit 
  the 
  
desk, 
  your 
  lives 
  will 
  be 
  your 
  work 
  for 
  9 
  weeks. 
  Please 
  respond 
  promptly 
  to 
  acknowledge 
  you've 
  received 
  
this 
  e-­‐mail 
  (anytime 
  in 
  the 
  next 
  half 
  hour 
  would 
  be 
  fine) 
  and 
  to 
  confirm 
  that 
  you 
  are 
  onboard 
  for 
  the 
  
summer. 
  We 
  know 
  you 
  have 
  access 
  to 
  e-­‐mail, 
  so 
  there's 
  no 
  way 
  to 
  avoid 
  this. 
  If 
  I 
  remember 
  correctly, 
  you 
  
are 
  probably 
  doing 
  training 
  with 
  Sean 
  Clovey 
  from 
  IT, 
  or 
  Market 
  Mark 
  from 
  TTS. 
  
 
  
Other 
  than 
  that, 
  I 
  look 
  forward 
  to 
  meeting 
  you 
  all, 
  and 
  I 
  hope 
  you're 
  excited 
  to 
  join 
  the 
  group! 
  We 
  sure 
  are 
  
looking 
  forward 
  to 
  having 
  you 
  here! 
  
 
  
Yours 
  Truly, 
  
 
  
Justin 
  
 
  
 
  
 
  
P.S. 
  There 
  are 
  a 
  number 
  of 
  typos 
  in 
  place 
  in 
  the 
  email 
  above. 
  These 
  are 
  on 
  purpose. 
  First 
  person 
  to 
  email 
  
me 
  back 
  with 
  at 
  least 
  3 
  highlighted 
  typos 
  is 
  off 
  to 
  a 
  GREAT 
  start!