Part time summer internships?

Mine was very flexible. I had 1 day off during the week where I worked full day (8-10 hours). A few days with work after morning classes (3-5 hours) and weekends if necessary (3-5hours). Mind you this was a very small shop. At first they almost didn't care but as I started adding more value I was expected to come in regularly.

As previous poster mentioned, the hours are much more flexible since you have class to attend. I also interned at a small shop. I did 3 full days a week while enrolled F/T in an MSF program. Can be quite gruling at times, depending on travel. I am assuming your internship is also at a small firm, so you will have a lot of exposure. Good luck.

Well it's better than zero time intern.

any experience you can get is worth it.

yeah it's fine (because the only way someone will know if it is PT is if you tell them). Just make sure that you are as involved as possible during the time that you are there

tbcthk:

I receive a part time intern offer from a boutique I-bank...I have been busy with other obligations that I did not dive into the search as hard as I could have, so I will assume that's the best I can get now...

My question is...is this something good? How does this being viewed by recruiter?

Thanks!!!

It's much better than nothing, right? How "part-time" is it? 5 or 25 hours a week? Is it during summer when you are not in school or during school year?

If that gig is over summer, try to do something else at the same time. Take class at your college (or online class for transfer credits, generally much cheaper). Or volunteer somewhere.

No, it doesn't worth it. But, yes, it's worth it.

Best option would be to just contact the firms directly, I'm sure it has been done.

bump...

yeah Im contacting a firms at the moment, have many people been successful in securing these in the past? what are the best targets (props/HF/AM etc.)?

sorry I should have added that I go to school near NYC so I am lucky enough to be able to intern there during the year. However, the school probably wouldn't even make the "total non target" group....no reputation at all

go for it man.. thats a huge resume boost so try to suck it up and get it done

Dude

Presitigous internship for sure.

Good work exp. > gpa ANY DAY

Appreciate the comments. Will definitely consider it. Just wouldn't want to end up with a poor result on my postgrad and not get as much out of it as I'd like. I have done two FO internships already, but never during term time. And I don't want to be presumptuous about even landing this one, I'm sure it will be super competitive.

If you are smart enough, they will probably be more flexible about your hours once you get going. Go for it. No one cares about your post-grad grades if you are a top school

Oh yeah, and most hedge funds dont hire post-grads that don't have quality hf internships

Yes I am at a top school - in London. I will send an application. Thanks guys.

I don't think BB part-time work is possible. You'll be more of a liability than an asset. How about pursuing a part-time stint at a HF or PE? The experience is just as valuable.

Wouldn't part-time in IBD be 50 hours/week?

I hear it goes about 20-30 hours a week. start at 6 work till 12 ish on average. a couple times a week. still sorta intense with schoolwork but sound like good experience

bump

I know people who have done part-time at BBs. They usually summered there and the group asked them to do PT

I did an Analyst gig one fall with a small firm right by my school. Experience was solid, and the money didn't hurt either. If your schedule is reasonable it may not be a bad idea.

I interned at a boutique during the semester. Was able to the majority of work from home and went in to the office less than 10 times.

Pitchbook editing, industry and company specific research, excel work, modeling of deal influencing factors. It all depends on the culture of the boutique I guess. The place that I interned made it very clear that my priorities were: 1. School work 2. Girls and going out on weekends 3. My internship

That said, they expected a minimum of 15-20hrs per week.

While being ambitious is great, you will be overloading yourself if you had a second job. My advice is that you are already ahead of your peers by simply having an office job, so do a good job at your current gig and make sure you have great references by the end of the summer.

If you have down time or feel like doing more, you can reach out to those in industry and start building relationships for an internship next summer.

Whiskey5:

While being ambitious is great, you will be overloading yourself if you had a second job.
My advice is that you are already ahead of your peers by simply having an office job, so do a good job at your current gig and make sure you have great references by the end of the summer.

If you have down time or feel like doing more, you can reach out to those in industry and start building relationships for an internship next summer.

I understand where you're coming from but if I did both I still would be working less than some IB analysts. I have no problem working my tail off during the week since right now I dont have alot going on other than working during the week and hitting the bars over the weekend. I know there are other ways to get a leg up on my peers (networking, reading about the industry etc) but my question was more about how possible it is to actually work my current job + get an unpaid internship.

Any other thoughts?

Use your free time to learn / practice financial modeling. Get some technical skills so you'll be one leg up above your peers when you apply for part-time internship positions next year.

I'm in the same boat as you mogel. If you go to school around the nyc area or a major financial hub, you can try getting an internship for the fall or spring semester.

Sorry to hijack but can anyone post here or message me if they know how find internships for fall? I searched around on some sites but couldn't find any postings. Any help would be appreciated

Gekko_KKR:

Use your free time to learn / practice financial modeling. Get some technical skills so you'll be one leg up above your peers when you apply for part-time internship positions next year.

Do you know of any effective ways of self teaching financial modelling other than buying the WSO course, I can't afford it right now. I am thinking that google + youtube tutorials might be the way to go.

mogel:

Gekko_KKR:

Use your free time to learn / practice financial modeling. Get some technical skills so you'll be one leg up above your peers when you apply for part-time internship positions next year.

Do you know of any effective ways of self teaching financial modelling other than buying the WSO course, I can't afford it right now. I am thinking that google + youtube tutorials might be the way to go.

Try the free BIWS tutorials. Also, go borrow/torrent DCF guides and practice. The key to learning how to model is to actually build a model.

it can be at a major office in ny or a smaller office in denver. just get the number of the place and call them.

am also interested Would pwm part time internships generally be a few hours spread out over several days a week or fulltime maybe two days a week? Or is it all situational/flexible, based on the intern, regional office, guy in charge, etc? Thanks

My PWM internship turned into a FT offer (which I took because initially I thought I wanted to go that route) and I worked there for a little over a year and a half and recently left to start the MSF program I'm in now. Not only was I an intern, but I ended up taking over most responsibilities with interns (sitting in interviews, had a say in the selection process, served as the primary point of contact for them, staffed them on projects, etc) while I was FT.... so let me know if you have any specific questions regarding any of that.

@Dufus - honestly, since its PWM and part time internships you just need to make it clear that you're genuinely interested in finance, you are reliable/hard working and can handle working and taking classes, willing to help out anywhere you can, etc... Because most of PWM internships are unstructured, its a numbers game. Just reach out to as many offices as you can because you never know who is looking for interns unless you ask.

Fit is always big because sometimes the specific group you work with may only be a handful of people with only 1 or 2 interns... and its SUCKS when you hire someone who seems to be a great candidate and then when they start working they are either afraid to relax and talk to people and be themselves, or they try to be "Super Intern" and talk constantly, ask a million questions when people are obviously busy, try using finance and markets lingo, etc... so just show you are a hard worker that can fit in well in a small team environment.

Thanks for the responses guys. I was just wondering if it were possible to intern part time during the school year? My friend told me that his friend worked part time during the fall term at a regional F500 office (I understand this is not the same and may be a special situation). Has anyone else heard of this? Would it be feasible, or even possible, to intern part time during the school year? If so, what should an intern expect, in terms of hour, experience, etc? Thanks again

Edit: Not sure if this has been addressed before, sorry if it has :p

Yes, PWM offices usually have interns throughout the school year... once again, unless a job post is put up, you won't really know who is looking until you reach out and make connections.

Would it be too late to get in touch with the offices when the school year starts? I live in a different city from where I go to school. Should I get in touch now and schedule interviews for when the school year starts? Would I be able to start immediately, or would I intern the spring term (assuming I interview during the fall term)? Is it possible to interview at the beginning of the fall term and be able to start immediately? Not sure how flexible this is.