Magnetar

Information Technology Intern

June - July 2024 • Evanston, IL

What I liked

Magnetar was a great company to intern at. The program is made specifically to help students gain experience on real world problems. The internship included lots of benefits as well, such as many fun events, and free lunches.

What I wish was different

I wish the program was a bit longer. The internship only lasts 7 weeks, which is on the shorter side of internship programs. It is a good program, but I would prefer that it was at least 10 weeks.

Advice

Get as much done as you can. The way to make the most out of this program is completing as many projects as you can. Each assignment had different problems, and varying solutions which provided me with a plenty of new scenarios to learn from.

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Human Resources Intern

June - August 2023 • Evanston, IL

What I liked

Magnetar seeks to teach and mentor their interns a ton, and it really shows. I came out of this program much more confident in my work, and I'm super grateful that I took this internship. Working for Magnetar will give you incredible connections and job skills that you will have and appreciate for years to come.

What I wish was different

Advice

Don't be shy to reach out to the recruiters, whether through LinkedIn, Handshake, or whatever platform you can use.

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Communications Intern

June - August 2022 • Evanston, IL

What I liked

This internship strengthened my writing skills and allowed me the opportunity to take charge of key marketing initiatives. There were endless opportunities for professional development and networking among both other interns and industry professionals. The work I was involved with was challenging and engaging without being overwhelming, and often allowed me to collaborate with others.

What I wish was different

Advice

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Business Operations Intern

June - August 2022 • Evanston, IL

What I liked

This was an amazing summer internship, I really enjoyed all of the work I got to do in Operations. Everyone on the team I worked with was extremely helpful and engaging. I learned something new almost everyday and got hands on experience with a variety of software systems. It is a great place to work with very fun events to help you develop relationships with all of the other interns.

What I wish was different

Advice

It is important to take advantage of this incredible learning experience, whether it be reaching out to employees or meeting with your manager, everyone is there to help you learn and grow. Don't be afraid to ask questions and go out of your comfort zone.

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Alternative Credit and Fixed Income Summer Analyst

June - July 2022 • Evanston, IL

What I liked

I enjoyed getting to work on various projects throughout the summer that corresponded with Magnetar's different business divisions. It was also great to work with employees from different sectors of the firm and learn more about their current roles and career paths. The employees were approachable and willing to give career advice and answer any questions I had. Overall, I learned a lot and got great hands-on experience in the ACFI industry.

What I wish was different

Advice

Magnetar hosts many networking opportunities throughout the summer, so take advantage of attending and meeting other interns and full-time employees. The employees are very eager to get to know you, give career advice, and answer any questions you might have.

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Alternative Credit & Fixed Income Intern

June - July 2022 • Evanston, IL

What I liked

I enjoyed working with small groups of other interns on a rotational basis to get exposure to a variety of Mangetar's business segments. I also really enjoyed how approachable and helpful the full-time employees were with all the interns. I was paired with an employee as my mentor and he gave great advice and made time for any questions I might've had.

What I wish was different

Advice

Get comfortable being uncomfortable. A lot of what you learn during the summer is brand new information that you might not know anything about. Get out of your shell, and don't be afraid to ask questions or ask for help. Try to get to know as many of your fellow interns as you can and try to make a goal of talking and looking for advice from the experienced professionals at Magnetar as their advice/connections/knowledge are all invaluable for a college student looking to break into the financial services industry.

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Alternative Credit & Fixed Income Intern

June - July 2022 • Evanston, IL

What I liked

Magnetar's ACFI program is designed to help interns as much as possible. Each project was headed by investment professionals at the firm who are readily available to interns at any moment during the day. Individual mentors are assigned to each intern to answer any questions about projects, careers, or applications. Any employee will go out of their way to help, or just get to know you. I could not imagine building such a strong network with such successful and motivated people in one summer anywhere else.

What I wish was different

Advice

Get involved early. The interns who learned the most and made the best relationships with employees were those who were reaching out with questions, asking for advice, or just looking to get coffee in the first week. Not one of my internal Magnetar emails were left unanswered, and I strongly encourage anyone applying to this position to reach out to employees now.

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Alternative Credit and Fixed Income Summer Analyst

June - July 2022 • Evanston, IL

What I liked

The Magnetar Capital internship program offered several hands-on projects that were purposeful and represented the work of a full-time analyst. The firm also did a great job pairing interns with mentors that were always willing to give advice and set up coffee chats. Everyone at the company was extremely approachable and willing to help and advise the intern class throughout the program.

What I wish was different

Advice

Magnetar Capital offers numerous opportunities throughout the summer to network with other interns and employees. Moreover, the people at the firm are extremely approachable and want to help the interns be successful through the program and beyond. My advice would be to set up as many coffee chats possible throughout the summer and learn from the people around you.

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Alternative Credit and Fixed Income Analyst

June - July 2022 • Evanston, IL

What I liked

The culture at the firm is very motivating and the employees there are more than happy to talk to interns about the work they do as well as offer career advice. The work that I did during the internship felt purposeful and there were lots of opportunities for interns to form mentorship relationships with employees.

What I wish was different

Advice

There are numerous opportunities to speak with employees at Magnetar, I would reach out to as many as possible during your time there because the advice and insight they share is very helpful if you're interested in entering the industry.

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