Boutique Investment Bank Internship

I'm a freshman at a target that received an offer to a boutique IB in their MM group. I was wondering what I should expect and what I should be doing/learning to prepare to get the most out of the opportunity. Thanks.

 

My M&A boutique internship is all over the place, but I am working for a 10 man shop.

Daily activities are really random depending on what the senior guys need. It can be anything from creating Public Information Books, Updating spreadsheets/dashboards, some modeling (nothing crazy here though, since its smaller companies), updating pitchbooks, and/or random misc research.

However, if the senior guys are busy and dont have work to give to me, I complete modeling tutorials on my own and I've been reading/taking notes/walking through the models of "Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions" (I bought it on Kindle for PC). Solid book, gives you a pretty good analyst introduction to modeling and M&A stuff.

My internship was not structured at all, no training, no nothing. I had to hit the ground running and catch up, but I guess that may be a good talking point when I try to get FT interviews.

Super Nintendo, Sega Genesis - when I was dead broke man I couldn't picture this
 

thanks for your input. I was wondering this as well. I'm looking to intern at a boutique this summer. I have an interview as soon as I get back home from school. Wish me luck!

 

For the past two semesters I have interned at a boutique firm that primarily focused on media technology companies. The experience was similar to that of 'idragmazda'. I am happy to say that i did not have to cold call of fax anything, not even once. I learned a lot about the media technology industry which has helped land me another boutique internship this summer within same industry.

The experience is a combination of the firm itself and what you make of it. Most boutique banks will not have structured internship programs, therefore it is really up to you to make the most of those experiences. In my honest opinion, it is best to have one or two internships with boutique firms because the experience will significantly put you at an advantage when applying for BB or FT positions.

Best of Luck!

 

Thanks for the replies!

idragmazda,

That book was recommended to me and it seems like a very good resource although I have not got through much of it do to my schedule of: new father; full time job; class; and internship. Primarily what I am doing now is research but should get into some modeling soon. As you said it will be nothing crazy. Hope it is enough when I start interviewing.

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