Trying to do some research on winter internships and it is kinda tough since there is not a whole lot of information. I did a search and most just send networking and getting in touch with recruiters which I plan on doing but I was wondering about just how hard it was to land a gig.
I am a finance and accounting double major at a non-target. I have a 3.6 GPA (rounded from like a 3.57 if that matters) and decent internship experience considering I am only a sophomore (F500 place, some fin/acct in that role. Not amazing but decent). Still working on getting a boutique gig this summer, might have found one that is only part time and would fit my schedule.
Anyways, I am going to be a junior this fall and am looking at winter internships. I would not mind doing a boutique unpaid but I am looking at all of my options.
I am not that interested in Big 4 after graduation (maybe Deloitte consulting) but I think a winter with them would be a positive experience. Plus it sounds like the money is great with the overtime.
Am I competitive for a winter internship? I know a couple of the recruiters for one of the Big 4 firms fairly well, although I knew them better as a freshman.
How likely would it be that I could go to a big city (NYC, Chicago, LA, Atlanta, etc...)? I go to a school in a city like Indianapolis, Cleveland, Pittsburgh, Columbus, Denver, etc... Decently sized (and has all 4 Big 4 in the city) but I'd prefer something bigger. I met a few recruiters for the NYC office (of a Big 4 firm) on a school networking trip, but they wouldn't remember me. I could mention it though.
But I know beggars can't be choosers.
Any other places to look besides boutiques?
Thanks!!
Normally they are a lot more selective than summer internships... From my experiences, it does happen, but the people that mostly get these winter internships are past summer interns who want to do an additional internship prior to starting full time. My office had 3 audit winter interns, 0 tax, and 0 advisory. All the audit winter interns were former summers.
Firms normally don't like paying you the extra money since interns are normally paid by the hour, and you can actually rack up quite a few hrs during a busy season. Its a lot cheaper having an associate on the job vs. an hourly paid intern. Plus in your situation, you probably have very limited audit knowledge, and throwing you on a engagement actually creates more of a liability to the senior than an asset.
Recruitment would likely be currently ongoing for Chicago. The other cities you mentioned do winter internship recruiting in the fall. You should look into working in transaction services (TS/TAS), and target valuation groups since these have pickup during busy season and thus can fully utilize interns during winter. Besides gaining experience relevant to finance positions, working in a transaction services role would allow you to gain exposure to more companies and thus a greater variety of industries during your stint.
Backofficelove made a good point about the firms not wanting to pay you for a ton of overtime. Expect 40 and be pleasantly surprised if the office you land is is slammed enough to let you stay longer.
Thanks guys.
That is interesting, I always thought that winter was easier to get because there is more demand because of busy season and less supply since most kids want to stay in school.
Not sure how competitive I am, I know 3.5 is kinda the Big 4 target GPA and I am over it but not by a whole lot. Made this thread to kinda get some background info before talking to a recruiter/alums in the industry.
I would love to work in Transaction Services or Valuation. That kinda figures with the billing and 40 hours cap, but it would still be good money and a good experience. Would I actually be working 40 hours or would I be working more and just paid at a 40 hour rate? Less/"normal" hours could mean more networking opportunities as well
Thanks!
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