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Startup Investment Bank - Good Start?

by lanceva (Chimp, 7 Banana Points Points) on 9/9/08 at 1:00pm

I'm entering my senior year of college (non-target) as an information systems major. I have been working for the last five years as a systems administrator for an insurance company. My plan has been to graduate and then obtain a good job in the IT field for five years or so and then apply to an MBA program. Eventually (with luck) I hope to end up working for an investment bank or PE firm. Anyways, there's a guy in my building who is an MD for a startup investment bank that is focusing on the newspaper/media sector. I'm pretty sure that I could snag an internship from him, but it would surely bite into my time for classes and other activities. My question is, would this be a productive internship or would I be better off to just wait until I have started my MBA to begin ibank internships? If I did complete the internship, I am still doubtful that I could get a middle market ibank job (upon graduation from undergrad) due to my non-target state school.

Thank you

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Cornelius's picture

well

by Cornelius (Senior Orangutan, 396 Banana Points Points) on 9/9/08 at 8:15pm

here's a rambling thoughts you may want to consider

is the internship paid? may help fund some boozing/partying during senior year.

you may be able to leverage the MD's contacts while your working in IT and make it easy on yourself when your in an MBA program

You could lateral to a TMT boutique once the market picks up with the internship experience under your belt and your degree/work experience in IT prior to attending grad school.

do you really want to spend your time working in banking your senior year in college (dude you only get one) and juggle work and school and run the risk of missing out on some fun times.

i would suggest, if you can get the internship do it. hopefully you'll be able to close deals with the MD.