Investment Banking Internship in London vs NYC
Hi all,
I quite often hear people saying that as a foreigner, it is extremely hard to get an internship in NYC to compare to London. Is it true ? Well, I know it is; but, is it much more difficult ? Or if a person is smart enough, will he/she get recruited in NYC as well ? What if a foreigner studies somewhere in Asia (non-US and non-UK degree, with lots of achievements in-class and outside of it) ?
Maybe some more great cities ?
I would personally love to work in NYC, Chicago, Boston, Houston, CA, or in London.
Thanks for your opinions !!!
Extremely difficult if you need Visa sponsorship. I'd say nearly impossible if you don't even study/live in the US (unless you go through the international office of a bank or a US MBA program).
To be brutally honest, no one will really care about academic achievements - there are plenty of extremely smart people from in the US banks could hire, so why would they go outside it? Surely you (you as in people in general) can't be that much smarter. Besides, a person with average to above average intelligence could do IB - you don't need mega brains.
I was told that banks like 'country loyalty' i.e. if you want to work in the EMEA region they would prefer to take someone who interned in London/Germany/etc vs NYC (source: brought up during networking).
pretty obvious that they primarily will hire locally. There is a good amount of people from London being hired in NYC (mostly Americans) and people from NYC in London (also mostly Americans). If you study somewhere unrelated it will be extremely difficult to break in (that said nothing is impossible)
Hello Intern London or New York (Originally Posted: 08/27/2014)
Hello,
I'm in my penultimate year of university and have been lucky enough to secure two internships. One is in New York and another is in London. They're both with medium/small M&A shops.
Anyone have experiences of either location and where would you recommend to start?
I heard that for medium/small shops the training in New York is better?
Thank you!
D
Start where you want to end up FT in most cases - esp. if you're trying to get a return offer.
Hi,
this is my first post and I am a not a native speaker, so I really hope all the other monkeys around here don't immediately throw monkey shit on me.
First, I have to say I'm not as experienced to distinguish a general difference at training quality just due to the location (Both cities are imo financial hubs with great firms and are well known for that)
I would rather guess that training quality heavily depends on the firms where you got your offer from Just a hint: If you haven't done it yet, try to search for some information of the firms like deal flow (can be more important than just value), reputation, pay (after graduation, since you might want to stay there after graduation). After that, evaluate which city you simply like more.
In the end it is maybe all a matter of personal fit. If I would be in your situation and the above mentioned facts wouldn't differentiate noteworthy, I would go for the job where I would have the better "feeling".
I hope, I could contributed at least a bit
Wishing you good luck
Chris7
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