Remote Internship worth it?

So I'm currently an econ/stats double major at a Midwestern target (UofC/NU) interested exclusively in trading. After my Asset Management at a boutique firm in Chicago fell through, I applied and landed an internship with a small global macro hedge fund (10m AUM), the only issue is that it's a remote internship, so I will be here in Chicago while the fund operates out of the west coast. The responsibilities include shifts monitoring news sources for events which affect the market as well as developing trade ideas for the PM.
Other than this I've been applying to basically anything finance related in Chicago, PWM, boutique banks, and private equity firms, despite having little interest in banking/PE. I was just wondering as to how this hedge fund internship would look on a resume (do I have to mention that it was remote?) or if I should just go with something more traditional.

36 Comments
 

There's really no use in hiding that it's a remote internship, any normal person is going to realize that you can't be going to school in Chi and interning on the West Coast at the same time. You should always be looking for something better, but a remote internship is better than no internship.

[quote=patternfinder]Of course, I would just buy in scales. [/quote] See my WSO Blog | my AMA
 
Simple As...

There's really no use in hiding that it's a remote internship, any normal person is going to realize that you can't be going to school in Chi and interning on the West Coast at the same time. You should always be looking for something better, but a remote internship is better than no internship.

If it's a summer gig, OP going to school in Chicago and "working" on the West Coast wouldn't be odd at all.

 
jasper90Is it paid?

yeah right

Because when you're in a room full of smart people, smart suddenly doesn't matter—interesting is what matters.
 

It's a pretty nice gig when you think about it. Decent experience as a freshman and you still get significant beach time.

 

Why can't you just add it as another position within the same company, but write 'Fall Intern' then list the bullets under that. Then under that position you have 'Summer Analyst XYZ' or whatever with everything you did in the summer?

 

I feel like adding another position within the same company and basically duplicating the company will make it look like I'm making up for lack of experience

 
Best Response

They're more concerned about what you did than where you did it from, if that makes sense. You'd probably just put the location as whatever city you're in for school, that way it doesn't look funny. People won't give much thought to the location upon first glance, but if someone is going over your resume for an interview then they'll raise an eyebrow to how you were in NY for an internship...but in California for school at the same time. Solution is to just put the internship location as California (or whatever city you're in). My guess is it's probably a boutique nobody has ever heard of anyway. Then you can just focus on what you did and leave out the "worked remotely for a boutique in -----", which would just waste valuable space anyway

 

well I was giving it more thought, shouldn't you actually put the location of where the work was done rather than the location of the company...?

 

Bear in mind I have no Asset Management experience on my CV and it'll only take 2 days solid to complete. Or would an employer just laugh at it? I'm just basically googling company's contact details and putting them into a database.

 

no - ive worked for a couple of sketchy firms cuz I didn't know any better - they are a curse and you'll want to get them off of your CV when your looking for your next internship...

 

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