I'm a first semester freshman and I was just wondering how much family connections actually help in investment banking specifically? I have one connection at an excellent BB firm that I am very interested in working for post-graduation but was wondering how much it could help.
He's not my father but rather a pretty close relative (think uncle or a cousin) of mine. He is an MD at the firm, and will have been one for about 5 years by the time I start applying for internships. Could he basically get me the internship as long as I keep my grades up/build a decent resume OR will he not be able to help to much?
Generally to what factor is a family connection better than a networking connection?