Summer Investment Banking Internship after Senior Year?

Me:

  • School: Non-target - rank 50 ~ 75
  • Major: Computer Science, honors program
  • GPA: 3.4x/4.00
  • Major GPA: 3.6x/4.00

I've grown tired of the profession that I am destined to have with my current major. But as a senior, I don't have time to get an internship in investment banking after this summer, so I'm pretty much limited to shooting for full-time or an internship after graduating.

But let's say that I only end up with an internship for the summer of 2013. Would this be a risky proposition? I'm afraid that even the boutique/mm investment banks will be reluctant to hire someone that's out of school with no job because it sort of conflicts with their hiring season/schedule.

How to Break into Investment Banking After Graduation

As OP stated, breaking into investment banking in his situation will be difficult. As always, the main advice is Network. Network. Network. You need to do something that shows an interest in/dedication to finance in addition to your computer science major. Maybe you can pursue an area of finance where comp sci is useful.

Even with this, it might even be hard to get “only” an internship. Luckily, there is plenty of advice on WSO on how to go about this non-traditional route to investment banking. Some members who have gone this route may even be open to PM conversations.

Check out these posts for some advice:

Want to Break into Investment Banking?

The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.

IB Interview Course

 
Best Response

For better or worse, banking recruiting is extremely systematic. Unfortunately, your profile illustrates little interest in finance and you will be going up against others with relevant internships.

First of all, I wouldn't expect obtaining an offer for FT. However, if you network hard and learn a lot on your own, you may have a shot. Now, for internship recruiting, the fact that you will be a senior is going to work against you. Many banks strictly want to see juniors apply for internships. So you aren't guaranteed "only" an internship either. Perhaps you could delay graduation. This would eliminate the aforementioned problem. However, I'd hate to recommend someone to take on more debt.

Apologies for being frank with you, but it's better you know now rather than later.

"Rage, rage against the dying of the light." - DT
 

Echo what Pike said. I cannot stress that enough to people when I discuss my story. I also came from a non-target and got into a MM IBD after graduation (but right before training for the analyst class).

Authored by: Certified Corporate Development Professional - Director
 

Harum et magni aut dolores voluptas repudiandae. Quae inventore laboriosam sunt corporis dolor voluptatem. Ab facilis aut labore et aliquid. Et iure maxime nam sequi. Ipsum aut exercitationem repudiandae qui fugiat ullam.

Fugit consequatur suscipit debitis doloribus qui. Est deserunt est consectetur cum occaecati. Velit placeat omnis quia repudiandae rerum nulla eaque a.

Fugiat quibusdam eum unde. Et aut id veritatis voluptas et saepe. Minus quia vel repellat ex voluptatum nulla doloribus non. Quo asperiores esse cumque pariatur qui et.

Modi voluptatem maxime hic illum qui quis mollitia. Molestias enim qui et libero et. Quo nostrum veritatis sed. Enim reiciendis ipsum aspernatur aut aut. Accusamus autem ut ducimus placeat.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”