The best aspects of the internship were how much I learned over the summer. I was staffed on live deals as well as pitches. Working on these projects increased my technical knowledge of finance, improved my excel and financial modeling skills, and provided me with a valuable skill set I can use across multiple firms or industries. If I didn't know something, my full-time coworkers were willing to take the time to explain the concept until I understood it. If I was busy with one project, people on other teams usually understood why I couldn't work on their project immediately.
My least favorite part was that after firm social events, you are still expected to finish your work that you would have been doing during the time of the event. I think this happens across most firms though.
Advice to Potential Interns
When you talk to firms, pay attention to whether people seem content with their firm or they seem like they hate their lives. There are many differences I saw between Evercore and other firms. From a day to day basis though, I thought it was valuable to be at a shop where people enjoy being there.
Advice to Management
It would be nice if people could be up for promotion ahead of the set timetable. I get that almost every firm is very rigid and standardized that you spend 2-3 years as an analyst, 3.5 as an associate, 3 as a VP, etc. but if someone is ready to be promoted, I think they should have that opportunity.