I'm currently a sophomore applying to internships in finance/industrial engineering (my major), but I'm not having much luck. If I do find anything, it probably won't be that good. I also don't have any prior experience other than waiting tables. How important is having prior work experience when applying for junior internships in consulting/trading? I really want to do LSE over the summer but I'm afraid that having no work experience is really going to hurt me for next year, will it? My stats are otherwise decent (3.5 at T3 public, decent ecs).
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What's a T3 public mean?
What's a T3 public mean? Like Umich, UVA, or UT-Austin?
I'd say that u should definitely try to find something. Try calling up the boutique regional banks list that's in this forum. A 3.5 isn't actually "decent", especially in this kind of hiring environment. I personally feel that I barely made out with a great internship this summer, and that was with a 3.5 from Wharton. Friends of mine who are sub-3.8 and have no work experience are still jobless right now. And it's probably much worse at a public is my guess.
Work experience can act as a "forgiveness" factor for how good ur school-work is. My internship last summer was a cut above the PWM stuff that a lot of people do, and was essentially wat saved me come recruiting season. From the analysts I've known who do Resume screens, I doubt LSE will do anything at all for u recruiting-wise, so if that's ur reason for wanting to go, don't. Otherwise, u have to make a choice about wat's more important to you.
Remember that with work experience for sophomore summer, the name of the firm doesn't matter, it's what u do that is most important. An internship at a boutique no-name bank is much better than Goldman PWM, even if that's in NY.
ouch, Berkeley?
ouch, Berkeley?
I would say its a bit
I would say its a bit important since you have decent EC's and a fair - low GPA. Again, its what you're doing that's important, not the name of the firm. You can do some boutique IB work, but if you can't find one (and don't be discouraged if you do - its very RARE for people to have IB work before BB banking), you could always go Big 4 Advisory, Big 4 Transaction Services, or F500 CorpFin/CorpDev. Don't be swayed by the ML/UBS PWM internships - many people think that they are way ahead of the game b/c of these internships, but anybody who is in the business knows that these internships are pure BS.
GPA's aren't everything
I know people with 3.3-3.6 ranges that got hired into BB's. It's possible, just make sure the rest of your resume is legit.
I would say 3.3 - 3.5 is
I would say 3.3 - 3.5 is normal for kids at target schools who get hired into BBs. I think it's a lot different if you're at a non-target.
im pretty sure that UMich,
im pretty sure that UMich, UVA, and UT are targets
yeah from a non or semi
yeah from a non or semi target you really need to have a 3.7+
I don't think UT is a target, more of a semi target. Not to bash on all the long horns out there.