Sophomore IBD Programs
Does anybody know the answers to these questions?
-When and where can people find applications? I don't see any online. I'm doing PWM for MS, and I still cant find anything internally or on the public website.
-is it even possible for a non-target, non-minority?
-can you network your way into these? if so, do you just need to talk to analysts or other higher-ups too?
-Is this better than doing an IB internship sophomore year at a boutique bank if you assume that the amount of responsibility you are given is comparable
If anyone knows the answers to these questions it'd be much appreciated by me, and probably other rising sophomores too. thanks in advance






Prangs: -Is this better than
-Is this better than doing an IB internship sophomore year at a boutique bank if you assume that the amount of responsibility you are given is comparable
I would say that with boutique, you will usually have more responsibility than at a BB, especially as a sophomore. Also, if you do both boutique and BB, you get the feel for both, and a lot of times, one clicks while the other is significantly less appealing.
All the BBs hire sophomores
All the BBs hire sophomores (well, they did last year, but who knows what'll get cut this year)....google it, it's really not hard to find basic info on them. It seems to be a lot less formal/standardized than junior recruiting, though it seems to hold that if you're not at a target where they come to recruit, just an online app isn't going to do much for you.
The firms that have freshmen days/events (MS, GS, CS, JPM, and Barclays) use those as starting points for their applicant pools. Most focus on diversity at targets...if you're not at a target and/or not diversity then it's probably going to be a lot tougher, but since you're already at MS you can just contact one of the IBD recruiters and see what they have to say.
I've been told that at this stage it's as much about the name as the experience, so I wouldn't reason your way out of a BB program for a boutique on the basis of better deal exposure.
The thing is im not in a NY
The thing is im not in a NY location, I'm in MD, and no one in this smaller branch knows IB analysts in NY. They know lots of traders and research guys, but not IB.
Have you heard of anyone getting in who is a non target and a non minority?
How would this be possible/where would one apply? I cant see a location on the website-clicking the sophomore links takes me to a broader location
The sophomores I know who
The sophomores I know who have gotten IBD internships in the past got them through networking. Reach out to some people and hopefully you'll make a good connection who'll pull for you. You probably won't see many official postings for sophomore IBD internships, as they're mostly rotational programs; after all, the point of the internship for the banks is to have ten weeks to evaluate who to potentially give offers to, and it doesn't really make sense then to have sophomores. That being said, it's definitely possible if you have someone pulling for you.