Unpaid PWM Internship?
(Senior Monkey, 93
Points)
on 6/26/12 at 10:24am
Hey Guys,
I got an offer to interview with a Bank of America Merrill Lynch Branch in San Francisco. The only dilemma is that its unpaid and I am out of state (I live in Texas). Do you guys think it would be worth it to do considering (if I get an offer of course) since this would be my first "finance related internship" (I am a incoming sophomore)? And if so should I actually stick with the SF one or find a BAML branch in Texas to do it?
Any advice/suggestions would be appreciated!





you're going to go all the
you're going to go all the way to SF to do this...? Or do you go to school in SF
You will have to: -Find
You will have to:
-Find housing in SF or nearby
-Get academic credit through your school or a community college (do the latter, it's cheaper)
-Pay for all your food, clothes, etc.
-Do all of the above just to have a finance internship only in name on your resume
Worth it? I don't think so.
You should really find a place closer to home so as to cut down on expenses unless you're made of money and none of the aforementioned applies to you.
Just saying...
PWM is a nice "placeholder"
PWM is a nice "placeholder" job, unpaid makes it rough and just depends on how much you personally have ($$$) to commit to it. I feel if you haven't traveled it's just a good experience overall and if you don't have any other opportunities it would be a good deal. I'd look out for closer things, like Houston etc.
How Long is the internship
How Long is the internship for ? ask them if they will cover expenses.
Sometimes bank will reimburse
Sometimes bank will reimburse you for relocation. Ask them when you get an offer.
This is for summer 2013 by
This is for summer 2013 by the way and just to clear any doubts I attend school in Texas (McCombs)
If it's for next year, you
If it's for next year, you have time this upcoming school year to secure something closer to home and maybe even something better. Unless you don't believe in yourself then commit to this otherwise just pass it up and try to get something else for next summer.
Just a sophomore looking for an opportunity to start up this dream of mine.