Which 1st year summer internship (Fintech/Startup) for IBD SA London?

Hi, am a freshman at a target in the UK hoping to break into IBD. Have done a few spring weeks in investment banks & AM, so I do have "finance-related" experience on my CV. 

Was unable to secure a boutique PE/IB internship in my home country in Asia and my cold emailing have only landed me 2 offers in the Fintech/start-up space. Am struggling to decide which work experience is better considering both aren't related. 

1) Accounting/FP&A at a pretty big Fintech firm, but I think there is going to be more data entry/accounting and less modelling/the FP&A side.

2) An internship at a very new start-up incubator/studio -- going to be more focused on sourcing start-ups, talking to start-ups and operations with a bit of fundraising, angel investing due diligence as well. 


Granted I do have some spring weeks, I feel quite secure about the "finance" part of things and will be using the summer to get better at IBD technicals. Am looking for the internship that would look 1) more impressive 2) more interesting for interviews. I think I'll definitely use either experience to leverage into TMT IB. The 2nd one while less finance-y might give me more interesting stuff, but in the fintech firm I may get more exposure to financial statements, accounting etc. 

1 spring is only a fast-track and the others were not convertible so I still have to reapply coming fall. 

Would love to get a 2nd opinion on this. Option 2 pays 20% lower but both internships in general don't pay that well, and the pay isn't that big of an issue. 

 

Do option 1. Maybe speak with the people at option 2 and ask if there is any possibility to intern with them on a part-time basis during your second year of uni.

Since they're a startup they would be more open to this. I did a part-time VC internship during my degree

 

Qui temporibus nulla ea omnis ducimus. Aliquam voluptatem rerum consectetur atque ratione quos.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 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 (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $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
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
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...”