Need ideas for last minute internship
Long story short:
I was promised an internship, and got screwed over at the last minute.
Long story long:
My intention was to intern at the Dallas Fed this summer, and a former "staff member" (and one of my professors - I can't say more without getting him/me in trouble) assured me he could get me an internship this summer. I applied in November/December at the Dallas Fed, as well as Atlanta, NY, etc. (not to mention the myriad of gov't soup agencies: SEC, FDIC, OMB, etc.)
Unfortunately, Donald Trump won at around the same time, and promptly announced a federal hiring freeze across all levels of government.
I have just received word from the last government agency that I did NOT get the position. As there are no possible government internships I can get, my fallback is a high finance position. Now I have spent the last few days trying desperately to find anything from search fund to IBD. The closest thing I got was a call-back from a real estate developer for a financial analyst position.
If anyone has a list of micro-boutiques, boutiques, search funds. etc. for me to send out cold calls/ email blasts that would be great. Emphasis on the Houston market, or Austin, but can travel throughout the continental US - its just that I have no contacts outside of the south.
Gen. Info: I am a third year Econ. Major at UT Austin (the target for Houston P&E). I was a finance major at a non-target in Houston, but transferred out. My GPA was 3.8+ at non-target, now a 3.6+ at UTA (working on that).
10-year plan: Earn Ph.D. in Economics from top 5 school, and move to Prop. Firm/HF. To get into such a program, I need more industry experience (in IBD) or at a FED branch bank (or so my profs. tell me).
Any suggestions would be appreciated, but a list to cold-call would be a godsend. Thanks in advance.
I can pm about my experience, I just don't want to post it on open forum.
Jon-Jo: I hope you've found what you're looking for. If not, please contact us at SearchfunderDotcom on applying for internships with a search fund.
a PhD in Econ isn't the best path to prop/quant HF
What would you recommend instead? I've been told that the higher level quant work requires more math and modeling experience than an undergrad would be exposed to ( I've been supplementing my math education with multivariable, diff eq, etc) and although I'm well above average at maths, I'm no Euler, and probably coulndn't keep up in a top-tier math PhD program. (I have no chance at Physics or CS due to lack of background).
Do you think an MFE would be better?
Search fund intern.
UT-Austin career services able to help you out? I'd imagine they would have a list of alumni and could possibly broker a call/meeting.
Otherwise, I would recommend scouring LinkedIn and then reaching out.
I've been in contact with an alumni (recruiter) at BAML houston office about a summer internship for summer 2018, but don't think he can help for this summer. Career services gave me his email, but that was the best they had this late in the game.
Econ PhD programs are VERY competitive nowadays. Look at the stats for some of the schools before limiting yourself to UChicago, Cal, Stanford, etc.
At one point I was in a similar position, between my sophomore and junior years as an undergraduate. I would hustle and try to cold call finance firms in your area (I have tried cold emailing and nobody ever responds - so don't email), and just keep going until you get something. I ended up getting lucky by winding up a very small investment office that was actually a pretty good experience / resume talking point. But that's what luck is - where hard work meets opportunity (a famous quote). Just keep at it. I started that job in probably mid June and worked for 5 weeks - no need to work all summer. Keep at it till you get SOMETHING.
Good luck!
What did you say when you called, and which types of firms did you target/how did you research them? It's the 20th of June and I'm desperate for a summer finance related internship because I want to quit my current one (analytics at a startup)
Last Minute Summer Internship (Originally Posted: 03/29/2016)
I am a junior undergrad who recently transferred schools (non-target) and switched from a pre-med degree to finance. I have interviewed for multiple research intern roles with no luck. An internship is obviously a must for me this summer and being almost April, I know I am getting down to the wire on being able to find one in the industry. I feel I am qualified (3.5 GPA, reputable investment program, etc.) but am wondering how I should proceed in finding the last few internships out there that may take a chance on me?
Thanks in advance for any advice.
it's very, very late - obviously go for boutiques at this point. All firms with somewhat of an organized recruitment process are done
Furthermore, I have composed a rather extensive spreadsheet of firms/contact info within 25 miles of my university to cold email. Should I target Asset Management or IB?
Target whatever the fuck you can get at this point. As reaper said, most places are entirely done with recruiting, so you don't exactly have the luxury of being selective.
Agree with both of the above posts- you need some finance related experience. Period. In fact, as soon as you lock something down for the summer, you should be getting ready for recruiting for full time. (assuming you want IB, ER, or AM) Note: Do not focus so much on FT recruiting that you don't get a return offer, it is super important to get that for leverage.
Last Minute Internship for this Summer (Originally Posted: 04/19/2016)
bump
Start cold-emailing firms asking straight up for internship positions with your resume attached. You should also consider cold-calling (being prepared to pitch yourself in 1 minute on the spot)
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Chicago has a ton of firms. get on google and start cranking away cold emails. Don't mention working unpaid unless thing bring it up as a point of contention.
Reach out to alumni, start networking, you can still probably find a small firm with no structured intern program.
Been doing the same emailing tons of firms in the are I got a few responses so far just saying that they don't give out internships and 2 saying they forwarded me to HR.
Good luck
You can go on LinkedIn and look for companies in "Investment Banking" with 1-10 employees. That will give you a good list. Also if you have access to Capital IQ or something similar then you can do the same and might find some more.
I'd give wealth management a try too. If you're doing the right type of work can show firms you're at least familiar with reading financial statements and such.
-
PM me your cold email template. I was in the same situation as you and emailed probably 600-700 people. Led to about 15-20 interested replies. About 10 phone calls. 5 Informal interviews. 3 or 4 Phone interviews. I have a superday for a MM bank in NYC (unpaid).
If you get nothing I would go abroad or some shit to make yourself interesting lol
Too late to be relevant for internships? (junior) (Originally Posted: 09/17/2017)
Hi all, junior at a top 5 undergrad school (but doesn't have finance major and is west coast, so banks don't really come). I applied online to BBs and such recently (like last week of August, 1st and 2nd weeks of September) since my school doesn't really have IB recruiting events in the fall. Is this too late? Are there other ways to network/improve my chances?
bump for visibility
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Is it too late to find a summer internship in finance right now? (Originally Posted: 06/26/2014)
I'm a rising junior. I've been looking left and right for internships in finance this summer so I can build my resume (I have one boutique IB experience for 5 months already) but I haven't found absolutely anything. I got some phone interviews but they never followed up. Is it too late in the game now? Any advice on what I should do? I want to stand competitive for SA recruiting next fall/spring.
Extra details: Go to a target, major finance, gpa 3.7, leadership in extracurriculars, 1 IB internship, 1 trading platform internship (trade stocks fictionally).
Any advice will do. I'm really worried right now because my peers already have like 5 internships under their belt at this point which is flipping ridiculous. Thanks.
Network? Or try an alternative industry and gain similar experience? Maybe consider some interview training. If you received phone interviews and didn't get pulled to next rounds something is wrong.
Why not continue your previous IB internship this summer?
To answer your question, yes it is probably too late but you have solid experience. Go volunteer or take a mission trip or something.
Email your last boss and ask for the job again? If your at a target reach out to alumni?
I may not ask my old boss because somebody else has the position (in hindsight, I should have kept it...). Anyways, I'm still putting my resume all over the place on many job boards so hopefully I get some sort of feedback. My phone interview and real interview skills are fine, it was only one or two places that didn't follow up.
Last minute internship offer, what should I do? (Originally Posted: 06/05/2012)
I have already landed an internship at a local small equity research firm but I was just recenty offered a corporate strategy role at at Chartis in Asia. Is this offer worth backing out of my current internship? I am looking to eventually end up in consulting or investment banking. Thanks in advance!
if you're going into consulting, stay where you are; otherwise, ER sounds better for IB.
yeah
Quite frankly, I think that both opportunities suck
Summer Internship - Too late to apply for summer internships? (Originally Posted: 03/14/2010)
Hey guys,
I was wondering if it is too late to apply for the summer internships for undergraduate students.
Consulting or IB.
Thanks
yes, far too late
If you want a good internship..yes. You are still better off applying to anyone that will accept your application at this point to get some sort of experience but you will not get an internship that will be a resume maker.
A bit too late. Some boutiques in the area might still be recruiting.
BB like Goldman, JP, Morgan S, Citi, BAML are done.. some opt are still open though, not bad if you just wanna work and get paid for the summer :)
i need some advice quick! anyone know about jp morgan checking work history? the dates on my internship with ubs were a month off. this is my current employer so will they even check?
I would advise to apply way before the deadlines as a lot of roles are filled on a rolling basis
Is it too late to try to secure a sophomore internship? (Originally Posted: 01/05/2016)
I recently decided to consider business over software engineering/product management. I want to know if its too late to secure an IB/pwm/AM/Consulting/f500/anything business related internship.
I have a ~3.5 gpa in Computer Science at a top state uni.
Thanks guys.
for bulge brackets, yes it's too late. but the big 4 recruiting for sophomore will start later in the semester and the boutiques will also start looking for interns soon so you can still shoot for those.
is it too late to apply for SA positions? (Originally Posted: 01/16/2008)
Campus recruiting has been underway for a while and everyone is starting to hear back about first rounds. So far I've been limiting my search to my career center. Is it too late to apply online to banks that dont recruit on campus for summer IBD?
i would say to you, next time, make sure not to limit yourself. do whatever you can.
oh, and go for it. trying definitely doesn't hurt. try to email hr and network a lot!
I don't understand...I go to a major target and none of the drop dates have started yet...
if none of the drop dates have started, why have so so many people been interviewing on this board already?
non targets and non traditional paths, they save spots for target schools which are starting in the next few weeks
Like waltersobchek said, it's for non-targets, very connected people, and those going abroad. If you go to a major target, don't worry they've saved plenty of spots for you.
To the OP, if you are at a non target, your chances are quite a bit lower if you keep waiting. While they havent filled their classes, they are reserving them for ONLY target schools. In some banks, with the subprime mess, they are reserving a higher proportion I believe for target schools (senior alumni at a BB told me).
That's right. If you go to a non-target, it's not entirely too late. You still have till Feb5-Feb10th to network your way in. After that, you're out.
does anyone mind listing possible target schools?
it's not listed anywhere and i was hoping to get an idea what they are specifically
thanks!
Does the bank recruit at your school for front office positions? If it does, you are at a target for that bank. If it doesn't, well...you get the picture. NETWORK
This has been discussed many times.
is it too late to apply to Macquarie HK SA? (Originally Posted: 12/21/2009)
i didnt see an application in november when I checked, and I totally forgot to check again until now. Given some other banks have already given out first round for HK SAs, is it too late to apply for Macquarie SA for Hong Kong?
Why not? AFAIK they haven't given out first round interviews yet
Is It Too Late To Apply For Commercial Banking Internships? (Originally Posted: 01/22/2010)
I'm a sophomore, non-target, and I was wondering if its too late to apply for summer commercial banking internships by now? Otherwise, for my junior year, what are some programs I can look at, and what kind of GPA, given that I'm from a non-target would I need to get in?
Oh, and I guess one last thing. I've given up on i-banking at this point, and I was wondering whether you think Ops, Commercial Banking, or Public Accounting would be the best field for me to aim for based on:
PM me, maybe I can help you.
You choices are going to depend on what you like to do. Ops tends to be non customer facing, kind of repetitive tasks.
Accounting ebbs and flows according to tax season, audits, etc. Good area to start though since you really learn about companies from the inside out and a lot of accounting is transferable to IB if you decide to get a MBA.
Commercial banking, well you can do a ton of stuff within that space. A good place to start is as a credit analyst.
Last Minute_SA IB Opportunities (Originally Posted: 03/30/2010)
Sophomore looking for SA IB...Any positions that you may be aware of that are still open please message me.. Thanks
You are better off reaching out to alumni (aka networking). Don't know how much help you'll get from people reaching out to you.
Too late Koho. TPG's already sniped this guy. He's off to bigger and better places.
Too late to get an internship? (Originally Posted: 06/17/2010)
Hello everyone. Unfornately, I didn't get an formal internship for the summer. however, i got a 1-month internship from a BB. now it'll be soon ended and i have nothing much to do for the next 2 months. any advice? too late to get an internship?
Get cold calling and leverage your contacts. If you were amazing see if they can extend the period another month or two. Go to the alumni directory and look people up. Call every MM, boutique etc. Look to small firms, regional banks and get going.
Why can't you stay on with the BB?
cuz it's project-based and now it'll be soon ended...
If you did a good job and they like your work just leverage to do another project...
PM me, my group is looking for an intern and it is a bulge bracket.
any advice is welcome
up up
Last Minute SA Advice - Unpaid or Nothing? (Originally Posted: 03/29/2011)
Currently a sophomore at a pretty good target, I will have 3.8 - 3.9 by the end of this academic year. However I have no offers for the upcoming summer and I am wondering what I should be doing.
I haven't started asking my boutique contacts to work unpaid just yet, and the ones who offered to take me on unpaid were just for administrative/bs roles where I wouldn't have been doing anything relevant.
I need to know (assuming I can't land a relevant boutique sa in the next 2-3 weeks), should I be asking boutiques to work unpaid and do an unrelated/unpaid job, or should I just take on unrelated bullshit jobs (that wouldn't go on my resume at all) to make money to pay overdue tuition?
I have a boutique research internship from freshman summer on my resume and I am wondering if that and my grades at a target would let me get interviews despite having nothing in sophomore summer? Is the risk of having no sophomore summer resume entry too high? I just don't see how doing administrative nonsense at a boutique would help me, especially given that I desperately need to earn money to stay in school.
What do you guys think? Should I even bother trying to do a bs internship?
Make money. You don't need more back-office on your resume.
post your resume
not going to post my resume on here, theres enough to answer the question already in my thread.
tell me about it man ...
Is it too late to grab an unpaid PWM internship? (Originally Posted: 06/17/2011)
Just finished up interviewing with a boutique or two last week for a banking internship and apparently didn't get it (never got back to me, even after following up).
Is it too late to get an unpaid PWM so I can at least do something relevant? I found a UBS and Merril branch near me that I'm going to contact on Monday, what other banks should I look for that have PWM branches?
I was in the same situation you are and ended up getting a pwm internship at a boutique a week ago. Not sure how much it will help but at least it is something!
UBS takes about a month to process new interns so keep that in mind when thinking about the bigger banks
Last Minute Internship Needs (Originally Posted: 03/04/2013)
So I am currently a Freshman Finance major at a top 15 state school. I thought I had a job this summer but I realized it was terrible and I would hate doing it. So now I am last minute looking for internships for this summer. My top choice would IB or Management Consulting but OBVIOUSLY i'm too late for those areas. What is my best shot at landing a semi-relevant finance internship. Does anyone have any tips for me? Thanks!
cold-call PWM firms
You may not even have to cold-call - I think plenty of good places are still looking for PWM interns. Look around and do some searching. All things considered, don't kill yourself over it; you're a freshman and have some time to work things out. And if you'll be in a major city such as NYC, you have plenty of opportunity to find something relevant to what you want to do.
Right now, your best options would be to network, search up internships on job boards, and cold email and cold call as many places as you can.
audit/tax/accounting
I believe JPM still has several SA positions still listed on it's website.
Is it too late to contact former boss for contacts for summer internships at BBs? (Originally Posted: 12/02/2013)
Interned last summer at a boutique - thinking of emailing MD today - but is it too late? Should I save this resource for full time?
Thanks!
if by 'save' you mean 'wait', then absolutely not. keep your contacts thinking about you, by staying active.
I recommend hitting him up asap to catch up / discuss next moves (and hint at him giving you a hand)
is it to late to find SA internship in HK? (Originally Posted: 01/21/2014)
just as questioned, is it to late to find SA in HK? I wanna work in BB, sales and trading team for interest rate derivatives... Can anyone simply reply to my question?
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