Sales and finance-era, I need some help liking my internship because I'm hating it right now, and I'm less than a week in. I currently intern at a financial planning company. It's a pretty big company but the branch I'm at is pretty small. I like the company and most of the people - I just hate what I'm doing. It's very sales based, and that's what makes me dislike the internship.
You're probably wondering why I took the internship if I hate sales. Well, at the time, I didn't think I'd hate sales this much. I was also kind of desperate for an internship, since I had been rejected from all the internships I had applied to before this one. I was ok with any internship as long as I could put something on my resume. I'm also not a good enough student to get into the top tier internships. Financial planning was always an area I had some interest in, and I thought it was a good chance to get some experience while also trying to see if I like financial planning. Plus it'd give me something new that wasn't investments or corporate finance. When I was talking to the recruiter, he mentioned a lot of sales, but I had no idea I had to build my own client base or the extent of the sales. A large part of the internship is based around referred calling, which is just calling referrals.
The main issue is that I know far less people than your average person, so it was very hard for me to get referrals. My parents are immigrants so they hardly know anyone in the US, and most of my friends weren't of much help - they're mostly international or didn't give me anyone. The rest of my family is overseas, so they aren't any help. Before the internship started, I had to create a list of 200 (!!) people I could call. I only know around 30 people (and that's stretching it) while my parents gave me around 20 referrals. The other 150 people I pulled from my parent's LinkedIn and work list. Essentially, most of these people have no idea who my friends/family are, so it's cold calling. If you didn't know, cold calling SUCKS. I have to call at least 40 people a day and it's expected (not required) that you set an average of 6 appointments every day. Because I'm basically cold calling (I called friends and actual referrals the first two days), I can't set any appointments, and I've been yelled at so much over the phone. It has sucked the fun out of the internship and I don't want to do it anymore. The program is also commission based - meaning if I don't set any appointments, I won't get paid (I'm not pulling in new clients).
Era, what do I do? How do I make this fun? Financial planning is an area of finance I've never really explored and I thought it'd be interesting to experience. I don't want to quit because I don't know the legality of quitting, plus it'd reflect poorly on me if I quit this early - I wouldn't be able to add it to my resume and I'd get negative comments if future bosses were to call my current company. I also don't want to waste my summer doing nothing. I can't really look for another internship because it's kind of late, and the whole COVID-19 situation has made a bunch of companies cancel their internship programs. I might be able to take summer classes for university, but they'd have to be later in the summer. I don't want to suffer through 11.5 more weeks of this if I'm miserable. Right now, I'm holding out hope that the current appointments I have can give me enough people so I'm not cold calling anymore, but I doubt it'll happen.
Sorry for the long post. Any tips on what I should do or how to make this fun?
Edit: I should also mention that I hate my manager because he's alt-right. Believes in Fox news, thinks coronavirus precautions are bullshit, thinks beating your kid is good.
You're probably wondering why I took the internship if I hate sales. Well, at the time, I didn't think I'd hate sales this much. I was also kind of desperate for an internship, since I had been rejected from all the internships I had applied to before this one. I was ok with any internship as long as I could put something on my resume. I'm also not a good enough student to get into the top tier internships. Financial planning was always an area I had some interest in, and I thought it was a good chance to get some experience while also trying to see if I like financial planning. Plus it'd give me something new that wasn't investments or corporate finance. When I was talking to the recruiter, he mentioned a lot of sales, but I had no idea I had to build my own client base or the extent of the sales. A large part of the internship is based around referred calling, which is just calling referrals.
The main issue is that I know far less people than your average person, so it was very hard for me to get referrals. My parents are immigrants so they hardly know anyone in the US, and most of my friends weren't of much help - they're mostly international or didn't give me anyone. The rest of my family is overseas, so they aren't any help. Before the internship started, I had to create a list of 200 (!!) people I could call. I only know around 30 people (and that's stretching it) while my parents gave me around 20 referrals. The other 150 people I pulled from my parent's LinkedIn and work list. Essentially, most of these people have no idea who my friends/family are, so it's cold calling. If you didn't know, cold calling SUCKS. I have to call at least 40 people a day and it's expected (not required) that you set an average of 6 appointments every day. Because I'm basically cold calling (I called friends and actual referrals the first two days), I can't set any appointments, and I've been yelled at so much over the phone. It has sucked the fun out of the internship and I don't want to do it anymore. The program is also commission based - meaning if I don't set any appointments, I won't get paid (I'm not pulling in new clients).
Era, what do I do? How do I make this fun? Financial planning is an area of finance I've never really explored and I thought it'd be interesting to experience. I don't want to quit because I don't know the legality of quitting, plus it'd reflect poorly on me if I quit this early - I wouldn't be able to add it to my resume and I'd get negative comments if future bosses were to call my current company. I also don't want to waste my summer doing nothing. I can't really look for another internship because it's kind of late, and the whole COVID-19 situation has made a bunch of companies cancel their internship programs. I might be able to take summer classes for university, but they'd have to be later in the summer. I don't want to suffer through 11.5 more weeks of this if I'm miserable. Right now, I'm holding out hope that the current appointments I have can give me enough people so I'm not cold calling anymore, but I doubt it'll happen.
Sorry for the long post. Any tips on what I should do or how to make this fun?
Edit: I should also mention that I hate my manager because he's alt-right. Believes in Fox news, thinks coronavirus precautions are bullshit, thinks beating your kid is good.
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