Hey Guys,
I'm a rising sophomore and just started browsing BB's for their Sophomore Summer Analyst programs. So far, I've applied to a couple of Morgan Stanley's Sophomore programs, but I was wondering if you guys knew of any other good Sophomore summer programs that would be good to check out for students interested in IB. Thanks in advance.
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Hi, another rising sophomore here! Although Goldman Sachs does not have a special program for sophomores, it accepts sophomores for all of its summer analyst programs so you could apply to that. And understand that you're interested in IB, but JPM has a program in AM for sophomores if you would like to give that a shot.
Where'd you find the MS Sophomore postings? I've seen another on the BAML site - Global Banking and Markets Rotational Program
Good sophomore internship? (Originally Posted: 06/17/2016)
Disregard ----------------------------------------------------------------------------------------------------
b u m p
You'll be fine lol
That's a shit internship you're fucking screwed bro. Might as well apply for McDonald's now.
Sophomore Summer Internship (Originally Posted: 05/24/2016)
Hi,
I'm a student at a semi-target and I just finished up my freshman year with a 3.9 GPA (finance major, Spanish minor). I play on the lacrosse team at my school, in the investment club, business club, and plan on becoming an economics tutor next semester. Needless to say, I am interested in investment banking.
This summer, I'm working at a regional bank located in my town as a financial services representative. Not anything special, but definitely better than nothing.
Despite it being very, very early, I was just looking for some internship advice for next summer (what should I look for, what companies generally offer internships to sophomores, etc.) I have a cousin who worked at a BB and now is in PE and I plan on talking to him for advice but I want some other opinions as well.
Next summer I was thinning about potentially looking for a corporate finance internship (Pfizer), or big 4 accounting internship (PwC) as we have strong connections that I think could get me at least a phone interview or something like that (I know though nothing is guaranteed).
Anything you can offer is much appreciated. Thanks
Doing F500 Corp Fin internship pre-junior year is better than most. Network with alumni to see if you can score an IB internship though, it's always worth a shot.
Big 4 accounting internship should be guaranteed given your gpa and extracurriculars as long as you know how to interview. However, keep in mind that big 4 accounting firms interview very early on and you don't want to have to face the possibility of having to renege on that offer if you get a better one.
The best opportunity would be something transaction-related (IB, PE, VC) or something markets-related (HF, AM, etc.). The former is a lot closer to what you'll be doing in investment banking, while the latter will give you some good groundwork in valuation and experience in capital markets.
But getting experience in investment banking, no matter how small the firm, is a good experience, especially as a sophomore. The ability to speak to specific transactions that you worked on as part of a deal team is an incredible competitive edge when it comes time for junior year recruiting.
Need advice: looking for Sophomore Internship (Originally Posted: 05/19/2017)
Hey guys. I'm a sophomore at cornell from nyc majoring in econ right now. I transferred from a non-target after my freshman year where I had a 3.7. My first semester at cornell I had a 3.075 and this semester I expect to get something along the lines of 3.3.
I have some internship experience (at KPMG, a tech startup, and a city council members office). And i also have some leadership experience and extracurriculars on campus.
I still don't have a summer internship and would love some advice. Im looking to break into ib, s&t or consulting (leaning more towards s&t though). Any advice would be appreciated.
If you haven't already, email all your local firms and boutiques to see if there any open opportunities. Also you could look into interning for a search fund, they are usually still open to taking on new people. If all else fails, could you possibly reach out to the startup you interned with and see if they have anything new for you?
Sophomore Summer Internship - NYC (Originally Posted: 09/15/2016)
Hey guys,
I'm a sophomore at NYU Stern, and I heard from a junior that the earlier I begin networking, greater are the chances of discovering opportunities. However, despite raiding Careernet and cold emailing as many people as I could, nothing has materialized for me. Could any of you guys tell me about your experiences of how and where you landed your internships in soph summer?
You need to keep pushing it. Given that you go to NYU, you can easily contact 300+ firms. If you keep plugging away, eventually someone will say yes.
Internship After Sophomore Year (Originally Posted: 07/19/2011)
I am currently at a semi-target with a strong alumni network in finance and have just completed my freshmen year. This summer I am working at an interdealer broker. It isn't a huge firm but is the largest in the market for its security. (Well known among people who deal in this particular security, but probably not to the majority on the street.)
Anyone have suggestions for firms to apply to next summer? This is my first finance related experience, but so far S&T sounds most appealing as an end goal. I am open to almost anything though. My GPA is a 3.6.
I am trying to network with some of the customers who call in, but most of the guys at the important and larger firms understandably don't have much time to talk.
Go on your school's alumni association website and search for "Finance" in New York, Chicago,your home town, etc. Go through all these and find people who work at boutique IBs or other places you would have a legitimate shot with a sophomore. Contact them and go from there. When doing this, collect names of alumni at bigger banks that you would be interested in your junior year, eventually you will have a list of potential contacts for a boutique IB internship next summer as well as people at larger banks to network with during that summer.
Advice for a sophomore losing hope on internship opportunities? (Originally Posted: 04/21/2010)
I'm a sophomore at USC's Marshall School of Business, so a good school, but not a target school. I'm triple majoring (finance, accounting, and sociology), but my career goals are either to go into consulting/advisory or investment banking. I've been applying for several internships with little success. I missed the deadlines for most of the summer rotational programs as I didn't know they existed until most of the deadlines passed (my fault for not doing more research earlier on). Same story with the Big 4 leadership programs. Still applied to a few summer rotational programs and leadership programs, but was only interviewed for E&Y and was not offered a spot. I've applied to a few other places and have either been rejected or got interviewed and then rejected. At this point, I know getting an internship is going to be difficult. So I was hoping I could get some advice as to where to go from here.
My options are pretty much this at the moment:
1) Summer class (can only do 1 more for credit) 2) Travel 3) Continue to look for an internship
I'm just not sure if it's worth it for me to continue at this point as the summer starts in a month and it seems like not as many financial internships are coming up. If anyone has any advice on what I should do, I'm greatly appreciate it as I'm completely lost as to what to do at this point. And if you need any more information, feel free to ask! Thanks!
Use your alumni database and find Private wealth managers. They are often looking for help --may have to do compliance or cold call, but you can often do some research or allocation stuff.
Definitely keep looking for an internship, as anything finance related is good as a sophomore. And don't just rely on your school's career page (if that's what you've been doing) to find something; start cold-calling and cold-e-mailing anyone and everyone you can... these opportunities aren't just going to fall in your lap, you have to go out and be aggressive in getting them. However if nothing at all works out, you may want to consider getting involved in some research with a professor... could be a good experience, and will at least give you something to talk about in interviews next year.
Best of luck.
Network your ass of this summer (i.e., ask for "advice" from finance professionals - and keep up with them - as opposed to continuing job hunting since it will be too late for a summer internship come summer time), and keep GPA up as you get ahead in credits. Perhaps take the summer to do breaking into wall street or wall street prep as well. You probably already knew this stuff but that's what I'd suggest. I also suggest the wealth management option. I landed a summer gig in MAY when I was in your position in college by cold contacting a WM shop in my hometown.
Learn how to spell "losing".
Surely Marshall has a decent recruiting system? At my university, we have an on-campus recruiting system, another smaller recruiting service only for Business School students, and a third recruiting service for all university students. The two latter ones typically have internship/full-time opportunities from smaller, lesser known firms, mostly within the city.
I was discouraged when I didn't get a top internship in NY through our on-campus recruiting system, but I ended up interning at an unknown boutique bank near my university using one of our smaller recruiting services. Not as glamorous as working at a BB, but the experience primed me for full-time recruiting, and with some extra effort (I feel like I prepped a lot more for interviews than my peers did), I ended up getting some great opportunities. I'll be starting full-time in July at a well-known advisory shop in NY.
My biggest piece of advice is to not worry about the name that will be on your resume but focus more on the experience you'll be getting. As a sophomore, you won't be expected to have some huge BB name on your resume. As long as you have some relevant experience that shows you are genuinely interested in financial services, you should be good to go come interview season next spring.
Sorry for the spelling mistake. It was late at night and I didn't catch that error.
As for your personal questions about Marshall. They do have a pretty good recruiting system, however, investment banks don't recruit as heavily here. For the companies that do, though, they generally are looking for juniors. I did apply for some, but did not have any luck with them.
But thanks for the advice on not worrying about the name. I'll continue searching more for the experience and hopefully be more successful in my endeavors.
I agree that you should never give up looking for opportunities. after all, if nothing comes up, you can always go travelling or attend summer school. Good Luck!
Thanks for the encouragement everyone. I guess I will have to start cold calling/emailing individuals. I'll look into our alumni database and start contacting people. Would these probably be the only people I should email or would it be worthwhile to also email a few HR departments and just tell them I'm looking to intern for some exposure and am not looking to receive any sort of compensation?
As for the actual cold call/email, what should I actually be saying? Just something along the lines of... "Hi, my name is _____, I go to USC and am majoring in finance. I'm interested in learning more about investment banking and was wondering if you needed an intern for this summer." Or would something like that be too blunt?
Use LinkedIn. Get names of Marshall alumni in consulting/IB and start emailing. It saves more time than calling, and you can knock out 30 in a day. Then call people who respond to you, because you know they already have some sort of an interest or willingness to help.
I've done this with success in the past. Also, try to reach out to alumni of on campus organizations (esp if you're Greek). Don't limit that search to USC either, because fraternity brothers from other schools have helped me a lot.
Sophomore Internship Program Suggestions/Advice? (Originally Posted: 01/07/2012)
I have been reading several of the threads about sophomore programs at places like JPM, but have not really come across much that isn't all about URM. I am interested in both IB and S&T.
I am a white male, so it seems I am already at a disadvantage. I have several connections at JPM, GS, etc, but don't know if that is enough to get an interview for one of these programs. I go to Georgia Tech and have a 4.0 GPA, am a member of the investments committee, as well as the investment banking club, and am currently interning in the Atlanta WM division of a BB.
Does anyone have any advice about where to go from here? I have looked and it seems like the big sophomore programs are GS, JPM, UBS, and BarCap. Any other suggestions/info/advice would be greatly appreciated.
Thanks!
Have you applied to boutique/MM IBD?
I have been looking, but have not had much luck since most boutiques and MM banks don't provide a lot of info on non-junior level internships. Would reaching out to my LinkedIn network and asking about that be the best option? Also, there seems to be hundreds of boutiques and MM both in NYC and Atlanta. Are any of them particularly better than others?
I have been looking, but have not had much luck since most boutiques and MM banks don't provide a lot of info on non-junior level internships. Would reaching out to my LinkedIn network and asking about that be the best option? Also, there seems to be hundreds of boutiques and MM both in NYC and Atlanta. Are any of them particularly better than others?
UBS has the President's Internship, their summer program for sophomores (~25 kids). Morgan Stanley has a sophomore rotational IBD program (10 kids). Goldman takes probably the most sophomores of any bank.
The rest of the bulge bracket has only diversity programs for sophomores. You can do it though. Reach out to your network, you have perfect grades and relevant extracurriculars, if ever there were a kid to make it it ought to be you.
Thanks for your reply. I sent you a PM to discuss further.
Is it still worth it to apply to UBS even though their ibanking division is downsizing?
internship sophomore summer (Originally Posted: 08/26/2015)
I am a sophomore at Kelley interested in going into investment banking after graduation. I am trying to get ahead of the game on internships next summer by getting a solid one this summer. The process seems doable but not east as Kelley is a tweener between being a target/ being a non-target. I have solid qualifications so far (good gpa, corporate development internship last summer) and decent connections within the industry. Any ideas as to what might benefit my cause?
The IB workshop at Kelley has awesome placement so do whatever it takes to get into that. You're early on in the game so reach out to upperclassmen/alumni and develop a close relationship before everyone else does at your school does. Try becoming just a "guy from my college" to someone they want to see succeed.
You absolutely must get into the IB club/workshop. It will greatly improve your chances of getting into IB in NYC. Also, reach out to alumni through your school's alumni database and through LinkedIn. Alumni can be incredibly helpful when trying to land a job or full time position, and they are frequently willing to help you out.
Check your career center postings. There are bound to be some internships for underclassmen. Doesn't necessarily need to be banking either. Could something else in finance (AM. PE, etc.)
Reach out to local boutiques as well. There are definitely some places that you could use an extra hand.
great, thanks for your help
sophomore internship (Originally Posted: 06/17/2016)
I just finished my first year at a non target school. I have a 4.0 so far. I'm hoping to get a BB SA internship for my junior year, but I've heard it's essential to have intern experience in finance to get the best internships. What type of internships should I be looking at for my sophomore internship that wil help the most getting a good BB SA internship for junior year.
thanks
hey studentbanker159. you have a few options. first of all, congrats on the 4.0.
option 1: transfer to target school **highly consider this option 2: get tons of internships and network your way into a SA role->FT
with option 2: reach out to older people at your school who are on the IB track, they'll have great advice. Personally, I was able to get internships out of this alone. Secondarily, If you're near a major metropolitan area that's a plus. I would reach out to firms in the area (ideally botique IB, but maybe a small PE shop could do).
At the end of the day with option II you're going to differentiate yourself from target school kids with internship experiences and demonstrating your crazy work ethic.
that's just my two cents (i'm a rising junior at a non-target who is dreaming of a SA role). Hope this helps
Internship Question - Current sophmore at a non-target top 25 school. (Originally Posted: 10/26/2012)
I am a current sophomore at a non target top 25 school. I want to do IB after graduation. This past summer I did a PE internship (summer analyst) in new york and got invited back to work again next summer.
Since I'll only be a rising junior, would it make sense to go back and work again at the PE firm, then try to get the IBD SA position as a rising senior? Or should I try and get an internship in IB as a rising junior? (Is this even possible coming from a non-target?)
Also, how do BB firms look at SA applicants who have done buyside internships? Would it make me more competitive than the typical non target applicant?
any advice would be greatly appreciated
So you ultimately actually want to do IBD? It seems as if PE is where everyone wants to end up, so I'd imagine, PE on your resume will definitely help, plus, it doesn't hurt to apply.
I think I ultimately want to do PE, but everybody has to do the 2 year analyst stint first, so I need to do the IB internship at some point.
honestly, if you really like the firm, just ask someone above you what they would recommend for you, and of course, if they do require fulltime hires to go through the programs. I know some people go straight to PE after undergrad.
Check your PM
BSDsuspenders, do you mind saying where you interned at for PE?
Make sure you have a good argument for why IBD and not PE. Also, several PE firms hire out of undergrad, including BX, Silver Lake, etc. although they most likely do not recruit at your school.
Sophomore Summer Internship Advice (Originally Posted: 05/05/2015)
Hi,
Here is my situation:
I just finished my sophomore year at a non-ivy target. I have an excellent GPA (near top of class) in business related major and solid extracurricular activities including a couple clubs/part-time work. I am set on landing a BB IBD role for the summer following my junior year. I am evaluating internship options now for this summer including a very small regional investment bank and a brand name investment management role.
The regional bank seems to have decent deal flow, but I got the sense that many of my duties would be very qualitative including research and sourcing. It is an unpaid internship located in my hometown which is a relatively small market city (think something like Grand Rapids, Portland, Oklahoma City, Des Moines).
The investment management role would probably have a more formal internship structure and training program--although I know these skills will likely not be as transferable to banking. It is a paid internship located in NYC so networking and brand name would likely be superior.
Which position will prepare me better for SA recruiting next year at a BB IBD? Is a better brand name important, or is the ability to talk about banking and actual deals a difference-maker even if the deals are very small and the work is not quantitative?
Thanks in advance for your time and assistance.
Bump
Bump
bump bump
I think both recognition and technical proficiency are important (the second one probably more IMO).
As for the options, I don't see how going to NYC stops you from learning skills that will be useful once you reach the BB IBD position you want. Besides, going to NYC will surely be more profitable in terms of networking and meeting professionals that can help you (not saying there won't be any in the small town, its just that NYC is NYC).
Regardless, evaluate where you're going to get more networking, experience -and even money- before making your decision. Nonetheless, I'd go for the NYC option.
Also, nice nickname.
Post sophomore internships? (Originally Posted: 06/09/2016)
Rising sophomore here, currently doing an internship at a boutique investment bank in my town as a summer analyst. I am an economics and finance double major at a non target school with a growing reputation and subsequently growing IB/Wall St networks (primarily to CS, WF, BamL, UBS). I'm curious as to applying for certain internships for the summer following my sophomore year.
I'm lucky enough to live 45 minutes away from NYC. I was curious if it's "taboo" to apply to certain internships at BB's in NY: Barclays Equity Research Summer Analyst, MS Investment Management Summer Analyst, GS GIR Summer Analyst, some of these programs which deal w/ finance but aren't particularly IB as that's typically and exclusively rising seniors instead of rising juniors. I'm curious as to how likely some of these programs are to accepting solid sophomore candidates. Any insight into any other post sophomore programs and any additional info on programs for sophomores in finance or FO finance would be great. Thanks!
Are you a URM? Female? LGBTQ?
If you answered "yes" to any of the above, then you would qualify for certain BB IBD programs.
Juniors at targets get those positions you call taboo. Unless your resume is stellar or you network really hard, it's going to be hard to get into Equity Research/Investment Management at any big bank as a sophomore.
Interesting non-IBD soph internships? (Originally Posted: 01/08/2014)
Soph here from H/W w/ a 3.6+ and good not great EC's...looking to get into BB IBD next summer, but not dead set on it at all (if it came down to MBB consulting or a "low" BB I'd have a real decision on my hands). Unlike a lot of kids, am NOT IBD-or-bust, and especially not for this summer.
Because I'm not a URM, even though I'm trying to network, I obviously need to hedge my bets in case one of the BB soph rotational programs doesn't come calling. Obviously applying to some EB/boutique options, but I'm looking for some more "interesting" options. In that vein, probably applying to White House/Treasury, some 2nd tier consulting shops, and some corp strat positions.
A lot of these, of course, are advertised w/ a de facto requirement for juniors (think FDLP's), where I don't stand much of a chance. I'm not particularly interested in CorpFin/Accounting roles...that stuff just bores me to death. So, what strategy/BusDev/CorpDev/"cool" internships do you know of that are open to, or have taken, sophomores in summers past?
corp banking
Sophomore year preparing for an internship (Originally Posted: 08/12/2014)
Hello everyone,
I'm currently doing a summer internship and next year I'll be a sophomore. I've searched in the forums but I've only found some threads regarding BESS with comments saying it's useless. Next summer I want to land a good IB internship so I wanted to use the upcoming year to really improve my CV. In September I'll join my university's finance club, I'll get a Spanish language certificate and I'll start trading with some of my savings. What else could I add to my CV? Are there certifications (advanced Excel, Modeling courses…) that IB's really want to see in a resume or that could really make me stand out?
Thanks for your time. I wish you nice holidays.
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