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I am a rising freshman and I want to go into IB. This summer, I got a PWM internship and I was wondering if it will still help me on the road even though I hear that PWM is very different from Ibanking.
I'm really excited for it nonetheless since this is my first internship and I'll have stuff to do over the summer. And it's only 4-5 hours a day.

Comments (11)

  • BTbanker's picture

    You are on the right track. IMO, 4-5 hours/day is better than 8 since it's unpaid. It's mostly about putting that BB name on your resume and getting some good exposure to finance. Enjoy your summer and good luck.

  • Futures Trader Man's picture

    This is the same guy who made a post a few hrs ago claiming that he got an IB internship with a BB lol now all of a sudden he has fallen to PWM... interesting...

    "Well, you know, I was a human being before I became a businessman." -- George Soros

  • wallstreetwannab's picture

    @futures trader man i thought bb meant any big investment banking firm :( and since merrill lynch is a big investment banking firm so i thought i could still refer to it as a bb. my knowledge in finance is very limited. my bad.

  • In reply to wallstreetwannab
    BTbanker's picture

    wallstreetwannab wrote:
    @futures trader man i thought bb meant any big investment banking firm :( and since merrill lynch is a big investment banking firm so i thought i could still refer to it as a bb. my knowledge in finance is very limited. my bad.

    Don't worry man, by the end of this summer, you can be well ahead of most of your classmates by following these steps.

    1) You already have a BB PWM, so that's about as good as most people can do for a Freshman.
    2) Read The Wall Street Journal everyday to stay on top of financial news. (to get full stories-- copy the title and paste into Google)
    3) Read Monkey Business, Investment Banking- Valuation, LBO's, and M&A, and Liar's poker.
    4) Utilize the search function on this site for any questions you have (They've been answered).
    5) If you haven't already, join a finance club at your school.
    6) Next semester, make sure you keep your GPA as high as possible while networking (cold emailing).
    7) If you are at a non-target school, consider the options you have with transferring to a target with good OCR.
    8) You should try your best to follow this path: Freshman-PWM, Sophomore- boutique SA, Junior- BB SA, Senior- BB FT offer.