Internship at Small Boutique- no finance related work; they just want me to make cold calls??
I am looking for internships and I am from a non-target school. I approached one very small boutique and they said my internship would be making cold calls to prospective clients all day long with no finance elated work. I was offered the job basically without interviewing at all.. The pay is lower than minimum wage as well.. Is this with it just to get a boutique on my resume? Im worried if I do it, that when I interview for full time analyst roles I will basically have no related deal or modeling experience to talk about. What do you guys think?
No.
I am graduated and did not get internship opportunities because i was a student athlete. I have been playing professionally in my sport and now am stopping to get an internship to break into banking. The place is in the southeast and the hours are as long as it takes me to get a certain number of cold calls out to potential clients ..
.. I will end up losing money on this internship but it would be 100 percent worth it if just having the internship on my resume could position me for a full time Job at another bank.
The banks services include M&A, private capital raising, market assessment and valuation, so it seems to be a boutique bank. When I was there though all they discussed were having a certain client that wanted to buy a certain company and My job was to call a ton of companies to see if they wanted to sell their company
What's your next best alternative?
my next best alternative is to keep emailing boutiques to get an internship, or to start applying for full time corporate finance jobs
Accept their offer, keep looking, reneg on them if you get a better offer.
If they are a small boutique using interns for cold calls, reneging on them likely won't have much (any) long term damage on your career.
If you don't get anything else, something is better than nothing and even cold calling/building up scar tissue against rejection is good experience.
Seriously try to obtain a different internship - doing anything with excel that will actually give you relevant skills. If you're still at your school try to join some sort of business related or investing club. But really what is this internship good for? just so you can have a name on your resume? you might be able to amplify a couple of lines on your resume to make it sound like you did something somewhat relevant but you won't be getting the experience you'll want or need. try to find something else, but if this is your only choice then its better than nothing.
I'd look for something else. I can't see you learning much or gaining marketable skills and your life will be miserable. Private companies constantly receive these calls because most firms doing the calling work from the same databases and the decent companies out there who may actually sell are most likely not doing it through a cold call. They have existing relationships with bankers, lawyers, accountants etc. who are already advisers or they know potential industry buyers or PE funds because they're in the industry. I'm in PE and I'd never have anyone truly cold call because it just doesn't work at that level, at least in my opinion. Warm calls and networking works, or I suppose if you're a senior guy at Blackstone and decide to call an F500 you may get a response (although even then you're probably going to network your way in), but smiling and dialing is pretty tough. Although I know some of the growth equity firms do it but I've never really bought into that model but funds like Summit will probably disagree with me...
I'm curious though-how do you get paid less than minimum wage? Is it unpaid or are they illegally paying you less than a federal mandate?
Small Boutique Internship- No finance related work; they just want me to make cold calls all day long? (Originally Posted: 11/18/2015)
I am looking for internships and I am from a non-target school. I approached one boutique and my internship would be making cold calls to prospective clients all day long with no finance elated work. The pay is lower than minimum wage as well.. Is this with it just to get a boutique on my resume? Im worried if I do it, that when I interview for full time analyst roles I will basically have no related deal or modeling experience to talk about. What do you guys think?
Non inventore et temporibus sunt officiis error. Distinctio amet sit omnis. Dolores magnam explicabo tempora in iusto. Aut ipsa vitae omnis et. Aut repudiandae dolore omnis aut sit distinctio. Consequatur tenetur similique vero.
Veniam exercitationem sunt quas quo sed nostrum dolor. Velit blanditiis est laborum praesentium ut laboriosam ipsam. Exercitationem necessitatibus soluta consequatur quia ea deserunt. Quibusdam impedit dolor omnis cum voluptatem nulla ducimus id. Velit est autem consequatur. Vitae odit natus expedita illo veritatis repellat et quisquam. Molestiae provident velit omnis.
At eum modi optio ad. Est rem velit laudantium. Nisi totam eum sint similique. Vero consequatur tempora quod neque est ea. Unde atque unde aut eum aperiam.
Ullam ut soluta vel quae qui tempora. Ut consequatur aut qui hic similique repellat nisi excepturi. Qui eius culpa illo autem reiciendis quia. Temporibus et aut voluptatem vitae nostrum quis. Non molestiae natus voluptate libero cumque atque quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...