Decided I want to do trading instead of IB... now I need an internship...

I've been planning on going into IB for the last year or so, but as I get further into my finance curriculum and my own experience, I realized that I would be a much better fit with S&T. I've actually been interested in trading my whole life, but I guess I kind of got caught up in IB and the possibilities that can come with it.

The fact is that i'm a trader... not a banker.

I don't pick up on the corporate finance stuff nearly as fast as I do investment material. I just enjoy trading/investments a lot more as well.

I'll be going into my senior year next year at a top 10-15 undergrad program. Resume isn't incredibly impressive. Have a lot of finance activities, but no job experience in the field.

Any advice anyone can give me for my next year and a half? I'll do anything to get a good trading job, but I know there's only so much I can do right now.

I have a couple internship offers at good capital management firms this summer, but that's obviously a bit of a different arena. Where should I be looking for internships? I know a BB isn't going to happen. I've googled around and can't really find a good list of trading companies or opportunities.

Any advice would be great.

Thanks

 

Right now, the internship i'm looking at is with LVM capital management. It's a little different than your usual capital management firm, in that they care more about the quality of their clients' portfolio's instead of the number of clients they have. However... it's still capital management.

Would it be hard to break into trading with this type of internship? I could also get an Edward Jones cap management internship, but again, it's still capital management, and I know that's a bit of a different arena.

Would most employers prefer a prop shop to this on a resume since it's more trading oriented?

 
Best Response

Dolorem voluptatum aperiam alias perspiciatis sed. Exercitationem aperiam nemo rerum ea optio rem dicta. Laboriosam accusantium quia sint. Dignissimos est libero in officiis perferendis asperiores.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”