What non IB internships can still be attractive to investment banks

The title really says it all. I've had difficultly finding an internship for this upcoming semester and want to prepare accordingly so I don't end up working as a lifeguard. What type of internships are a little "easier" to land and can still be viewed as beneficial finance experience when looking for jobs in investment banking? I know its very late into the recruiting process. Is wealth management seen in anyway as beneficial? Thanks!

 

From personal experience, you should be fine. I interned in S&T and received a few FT IBD offers. In the end, S&T really wasnt for me either. Just make sure you have some good reasons as to why you want to move into IBD and so forth. Not getting an offer will definitely hurt you but there are ways of making your story better especially since you are looking to move into IBd.

Of course, it may be different this year with the market so take my personal experience with a disclaimer.

 

Don't think too hard on this one. Anything finance related you can get as a freshman is fantastic. More than anything just try to learn something while you're there. It's very unlikely you're going to do anything meaningful, so talk to people and learn about what they do and be able to talk somewhat knowledgeably about it at a high level later. If you can do something that saves the company time, even if it's just a more efficient filing system, even better!

More than anything, a freshman internship goes to show you have some interest in the field and are willing to give up a summer at the pool to learn more.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
 

yo situation- thanks for the response

I am a junior, but I'd like to do something different before full-time recruitment, even though the IB job is the most relevant And no... The VC made it clear that they won't be handing out full-time offers, as did the hedge fund

 

Considering you are a Junior, take the IB. When you are interviewing for FT IB, they will ask why you did a VC internship and why not IB? They will inquire about why you want to do IB as well. The VC internship will weaken your story and some firms are not as comfortable hiring the kid that plans on working a year or two and jumping ship.

 

Try becoming a Mac Genius, the banks have been putting a lot of effort into finding the smartest people they can hire and having the name Genius on your resume will show them your ability!

"Well, you know, I was a human being before I became a businessman." -- George Soros
 

Are these all at (PE,VC, etc.) firms or are you just doing this on your own? If these are just research internships at a real firm I think any experience is great - it's all about how you spin it. Not sure how valid research would be on your own though.

 

I believe that interns in all of those areas, at most firms that have formalized recruiting processes, should definitely be eligible to receive a FT return offer and get hired back (if that's your question).

In terms of what offers the best experience... it depends what you want to do, you should take the time to learn more about the different roles that you've mentioned.

 

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