What Kind of Internships are these?

Hello,

I'm currently a sophomore with a 4.0 majoring in Finance and Economics at a non-target (Arizona State). I was originally going to work in government (I'm currently a speechwriter for the State Attorney General), but have decided that this is not for me, and I have reverted back to my original goal of IB or Asset Management. I'm currently looking for an internship for this summer (yes, I know, it's kind of late), and I had a couple of questions:

1) There are various departments in an investment management firm that I am looking at, however, the job descriptions don't seem to be that in-depth. Would working as an "Mutual Fund Financial Analysis and Reporting Intern" be valuable experience? Basically it sounds like i'll just be entering information into a computer and not really doing much work beyond that. If that's common, then that's fine, I just want to make sure this is an internship that would help me for future prospects. I guess I'm confused as to what internships I should be looking for as they are all listed under Investment Management.

2) Is it better to get an internship in NYC rather than in my home state (Scottsdale, AZ)? Many banks/firms have branches here in Scottsdale, and i'm wondering if I should be applying for those or setting my sights on NYC.

Thanks for your help!

4 Comments
 

Its late in the game, you have no experience and your school isn't helping you. Find anything you can thats even tangentially related to finance and take it. If you find more than one place willing to take you, then come back and ask which would be better given your goals.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

Eveniet non similique sunt nihil. Eos quam repellat cumque dignissimos. Nostrum sit quidem eum excepturi ipsam.

Tenetur repudiandae ipsa reiciendis saepe fuga cumque. Possimus quod beatae ut. Et et fuga deleniti doloremque assumenda ipsam sed.

Porro animi eos sequi unde. Itaque tempora aperiam esse quia. Excepturi explicabo excepturi molestias voluptate modi quis voluptates.

Vel et nobis id voluptas. Deserunt fuga minus ut accusantium. Veniam sed quidem qui quia et mollitia. Eos illum excepturi id sed consequatur mollitia. Et quibusdam cum veniam iure.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”