NYSF opinions
Fellow Monkeys,
Would love to hear about your opinions regarding the NYSF Advantage program. Is it worth the investment? Any success stories?
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Would also like to hear about this. The add makes it sound like you are gauranteed an Internship somewhere. Is this actually the case?
Also curious to hear some feedback from the WSO community especially from those who completed the program. I believe the internships are non paid and are aligned to your interest whether it's IB/AM/PE/.
NYSF/ANEX Advantage (Originally Posted: 02/05/2013)
Waste of time and money.
Please explain. I think there are more than a few of us on WSO that want to know about the specific reasons that the internships in this program are fubar and won't help you during Full-time recruiting.
Thanks in advance.
NYSF : Scam or worth? (Originally Posted: 01/06/2013)
Hi guyz,
I am a final year mathematics undergrad and recently i have got interested in Investment Banking Career and am honestly passionate about it now.
Although I have good GPA but I come from a non-target school and have almost no networks in NYC. I am planning to move to NYC after my graduation in June 2013 and to break into iBanking career before studying further. Can you plz approve/disapprove the NYSF Advantage program? Is it really worth? What is the fees of the program? What will be rigor? Class hours? Class size? I would love to hear from some alums about their exp with this program.
Thnx in Advance
I would also like to hear some info on this topic
The course is 13K for 3+ months though I do not know how effective it is.
Just wondering if you ended up taking this program or not? Im looking into it and would like to hear from someone who has taken it.
me too :)
I completed the program during the summer of 2013, where I was paired up with an unpaid internship at a boutique m&a advisory firm. The way it worked is that you would attend "class" for a couple hours in the mornings where we were taught extensive financial modeling and valuation. I was then able to take what I learned in the classroom and transfer it to the internship work.
I think the experience is really whatever you make of it. I was able to leverage my experience to network extensively and and ultimately secure a Summer Analyst position at a bulge bracket bank which has now led me to a full time offer. I think it was invaluable to be able to email someone and say "hey, my name is____, and I am currently interning at a boutique m&a advisory shop where I am working on building financial models and conducting valuation.....interested in pursuing a career in investment banking...etc". It is extremely difficult to get internships in investment banking, and I think the value add of NYSF is ensuring that you get modeling and valuation experience, and also helping you frame you frame your experience in ways that make you a desirable candidate for other internships/jobs in the industry.
I think it is important to be realistic about what you can get out this program, however. I go to somewhat of a non-target, but I had a high GPA and other relevant experience, so I was able to use this experience to break into a bulge bracket. However, if you go to a school that truly no one on the street knows and you do not have good grades and/or other qualifications then you probably will not end up at a BB or elite boutique just because you did NYSF. That said, there were plenty of NYSF students in these kinds of situations who were still able to secure positions at boutique shops. If you are serious about breaking into the industry and are realistic about how strong of a candidate you are/ will be then I think there is a lot to gain from NYSF.
I'd like to add to this. It's important to recognize if you have already graduated undergrad and/or are a US citizen.
If you do this program during your sophomore year, this will clearly help you for junior year SA recruiting which is the best chance to get a full time IB job.
If you do the program when you have already graduated as a "soft" transition keep in mind that this is just 3-4 months of internship experience - after graduating you will now be fighting mostly for lateral slots against accountants,consultants, and even other bankers. The incredible difficulty of this is compounded when you require some sort of Visa sponsorship as this cuts down the supply of firms that are willing to hire you.
If people are considering this program, think about your odds of actually getting a job especially if you are no longer an undergrad. If you want to role play being a banker at the cost of 10k+ and slim to no job prospects at least you were warned...
If you are a recent grad who wants to put some finance experience on your resume:
If you were going to be an unpaid intern anyways and spend the money, why not work as an unpaid intern at a Search Fund? There's got to be a ton of them out there. Do that for a few months, do BIWS to learn modeling, get some experience on your resume and save some of your money.
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