Working with the full-time analysts and completing projects.
The worst part of the internship was the long hours.
Advice to Potential Interns
Be willing to work a lot and have a positive attitude. The nexus of firm leadership is in Minneapolis and I would thus only recommend this firm if the candidate was willing to move to Minneapolis. While Piper Jaffray is a strong middle-market firm, the trend of this firm isn't upwards.
Advice to Management
Piper could have much better training for interns (it was only 2 days) and could do a better job communicating across departments. Also, the feedback process was almost non-existent and morale didn't seem very high with the analysts. Listening to analysts should be more focused on.