I have an option to intern with an I-bank this summer but I was thinking about skipping out on it in favor of taking some summer courses. Is this a wise decision? I am a rising junior in College. A lot of people I know are opting to do both a senior and junior internship, but I was wondering if having one good summer internship senior year is good enough? Thanks.
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Work Experience > summer courses
You don't know what market conditions will be like next year, so I suggest giving yourself as much of an advantage as possible. If you wait next year, who is to say you will get an IBD internship?
I don't mean to scare you, but the market keeps getting worse. And worse. And worse. It feels like 2001 again.
Things could be better by next year. Or they could be even worse.
These days, I would almost argue that having great internship experience is really the only way you can get a FT banking job... at least at the top places. Back when I recruited 2-3 years ago and things were frothy, it wasn't as necessary.
But now you really need it to stand out.
And to be honest, even if you don't end up doing banking, I still think you're better off doing an IBD internship because it will open doors to other fields as well.
wtf? take the damn internship unless you're in danger of not graduating if you don't take classes over the summer. this is an absurd question.
dude, i agree with above comment. Take the internship. Your resume will be gold with the experience.
take the internship - it will be of more help when interview for a FT position. in this market, however, nothing is guaranteed
How many internships before graduating? There is no magic number, but I have to agree with the above commenters on the importance of work experience (internship, co-op, p/t etc) while in school, and take as many finance related jobs as you can!!
A lot of students can have a good GPA, great extra curriculum activities, leadership etc etc... but in the end, what sets you apart from them will be work experience you have under your belt. IMO.
How many internships do I need to be considered competetive? (Originally Posted: 06/06/2008)
3?4? Based on firm names?
..Bear Stearns
Resume Help - What is the maximum number of internships/jobs I should include? (Originally Posted: 10/29/2013)
Hi all,
Quick question: What is the maximum number of internships/jobs I should include on my resume? Assume that all of the experiences are at least somewhat relevant. I am an undergrad. Thanks in advance for your responses :)
Hard to believe you have a ridiculous number of relevant internships, but I guess it would depend on what industry you're pursuing. I would say focus on the most relevant 3 and add in some leadership.
Post up your resume with them all and ye shall have the bad ones stricken by popular vote
resume critique - Many internship positions (Originally Posted: 05/29/2013)
Hi I would like if someone can critique my resume Thank you in advance
Admin - someone change this guy's username and remove the file (it has all his personal info on it).
Yeah man take all the personal info out. It should fit 1 page so you need to trim it a lot. Education should be first before any experience.
use the merger and inquisitions banking resume format
Agreed with above. Having said that, there are many issues with your resume. It should not be more than 1 page, and I am pretty surprised you did not already know that. There is no reason to have 6 or 7 bullets for one job/internship on your resume. You don't need to put literally everything you did for each position. Keep it short and concise, and only list the relevant items for each position. Just trim a lot, take out the bulk that you do not think is relevant to the industry/position you are applying for. Keep it to one page, if this landed on my desk I would throw it out simply because it is so damn long.
I appreciate all your feedback question is how do i shrink it down to 1 page considering i have lots of internship experience
i had to take down my resume as asked by the users since it had my information on it but any feedback is greatly appreciated
How many intern experiences are optimal, before graduation? (Originally Posted: 12/05/2009)
How many intern experiences are optimal, before graduation??
Until now, I’ve only worked once at a MM boutique for six months this year. During the period, I was involved in a deal from start to finish, so I guess I don’t have the problem of having no deal experiences.
But, I just want to know if ONE intern experience is sufficient. The upcoming winter break is my last one before next year’s graduation. If I don’t either decide to work or get a chance to work, I was planning to study more on finance and read some books. And, I’m also planning for a short trip abroad, since I haven’t had the chance to go overseas during my university life. In short, I just want to take a breeze and have some free time before I graduate next year.
Should I work, and add on more work experiences? Or should I just enjoy my last break?
Any comments will be helpful.
Thanks in advance.
as many as possible.
17.5
Isn't it sort of late to look for a winter job?
Honestly, I'd say 1 would be the absolute minium, 2 is typical, and 3+ would be optimal. Given your situation, you won't really get a "true" internship if you do 3-4 weeks over the winter break. Luckily the one you have is strong, so things could be worse.
Thanks for the comments. I did apply for several places, yet haven’t received any calls. I guess I HAVE to work, hopefully if I get one.
While more than one internship would be ideal, it isn't critical. However, even having a 3-4 week internship from this winter on your resume would be helpful, but won't your FT applications be finished before you get the winter internship anyways? The 3 week internship probably isn't going to make or break your application.
My vote would be to enjoy your last break, do the travel you want and then just network. Making a connection with someone will go a lot further to getting you a job than a 3 week internship over your last winter break. You may never have three straight weeks off again until retirement... enjoy it.
Do a number of internships / jobs dilute your resume (Originally Posted: 11/03/2006)
I have to be honest I have had like 4 internships and 3 jobs during my undergrad. Not that I changed them or got fired. My internships just ended and I changed only 1 job after my freshmen year for a better one. My internships I believe show gradual progression (all are in commercial banks, accounting, investments and VC) but who knows and my jobs well, 1 was investment related the other 2 unrelated. I know that after college it is important not to change too many jobs and to stay focused. However, is it bad that I have held so many jobs and internships, I mean I haven't been fired and I have recommndations from these places? But does it look too hectic, are banks wondering exactly what I want to do, having had so many diverse jobs. (I have to point out although I worked so much, even took a semester off, it didn't hurt my GPA, majors or EC's.)
depends, if all of them were in different fields, then you can spin it like "I wanted to find what I really wanted to do"...but since you don't haev one in IB it kinda looks bad, since you can't spin it...and IB was the one internship I really enjoyed
Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
i only put what i thought were my top 3 jobs/internships on my resume, and spoke about the others in necessary situations during interviews
i personally don't like a dilluted resume, but thats just my opinion
Sounds like you could simplify your resume a bit.
No one expects undergrad candidates to blow the cover off the ball and have stellar experience on a resume. Fact is, most undergrads barely have 1-2 internships to highlight at best. If you have 4 then good for you!
As for those 2 unrelated jobs, you could probably ignore them entirely given that you have 4 solid internships that you can highlight. If anything, only spotlight those 2 jobs during your interview if in your judgment you think it could help give you an edge somehow.
You can pick out and focus on highlighting accomplishments and the skills you learned that are MOST transferable to IB (and take out unrelated stuff). It seems that you'll have alot to talk about anyways. Good luck!!
I agree, just leave the pertinent stuff on there and during the interview you can tie together how your unrelated jobs relate to this job
How many quality internships are enough? (Originally Posted: 05/07/2015)
Hey guys, I'm looking to land a full time financial analyst position at a BB after graduation and I want to know what a good number of internships is. Upon graduating I'll have a 3.5 (Econ) from a non target(maybe semi) school, 1 PWM internship at a BB, 1 Equity Research Internship at a large bank but not a BB by any means, and maybe something else if I feel it's needed. I'll also be able to get a recommendation from the PWM VP. Do you think I have a decent chance in getting a financial analyst role at a BB or other investment bank for that matter? If you were in my shoes, would you get a third internship?
When you say financial analyst what exactly are you referring to?
You "need" exactly 0 internships to land an internship at a BB and convert to FT.
Assuming you want to do IBD, it's probably wise to get either (1) an internship in IBD at a smaller firm off-cycle or (2) some entrepreneurial/standout experience. When the bank goes through thousands of CV's you have to stand out somehow. Thus, either show you have previous experience or do something that makes you visible (i.e. start your own company, save the whales in Japan etc.)
I'm looking for a junior analyst JOB (not internship). You know the ones with lucrative bonuses, but insane hours. I already have a PWM internship at a great firm (think GS, JPM, UBS, Citi), but I'm not really trying to be an advisor there. What I'm asking is that can I make the transition from this internship to a FT job as a junior analyst? I know most recent college grads that apply to these places have stellar stats and a few internships so it's super competitive. Also, how far will the good recommendation from the VP at the PWM BB get me? Just the interview or will they be impressed that they spoke highly of me and take me over a better candidate on paper?
Thanks fellas
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