Internships flowchart?

Hey I'm wondering if anyone can clarify what happens after 4th year at college:

1st year college
1st year internship
.
.
.
4th year college
4th year internship?
FT?

Is there such thing as a 4th year internship?
Or do you go straight into FT? If so, are both in the same firm? If not, what do you do during the summer after 4th year?

Thanks.

 
Best Response

at the risk of oversimplifying...

3rd year college 3rd year internship (summer) 4th year college FT

your most important internship is during the summer after your junior year. realistically, in order to be competitive for a decent junior-summer internship you will have to have at least one decent internship before.

"Is there such thing as a 4th year internship? Or do you go straight into FT? If so, are both in the same firm? If not, what do you do during the summer after 4th year?"

a summer internship after you graduate is not the most common path, although it has been done before and i wouldn't discourage you from doing you don't have a good FT opportunity. if you get a FT after graduation, they may have you start right away (this is what happened to me), OR the more likely situation is they have you start in the fall. in this case you have the summer off and i'm sure you can think of something to do.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
 

Sunt ratione officiis atque qui dolorum accusamus. In ea neque earum consequatur explicabo quia ullam commodi. Id nulla aspernatur et dolorum autem aliquid sed magnam.

Aut hic praesentium numquam atque. Laudantium deserunt fugit perferendis natus velit sequi fuga. Itaque cupiditate minima culpa eos.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”