Absolutely not. That is by far the most retarded thing I've ever heard someone ask on WSO. Now, do everyone a favor and go back to jerking off on the toilet while reading Damn It Feels Good to be a Banker.

 
jasper90:
if you are just filing and getting coffee then no

Don't listen to this ... getting exposure to the business world and just being in an office environment is invaluable experience in the early years of college. You will also learn some great time management skills... your GPA won't suffer unless you allow it to, and the first step to preventing it from falling is to NOT simply assume it will fall just because you will have more responsibilities outside of class.

If you're reliable, have a good attitude, and willing to help out any way you can (i.e. not thinking your above doing grunt work or getting coffee) then it will be worth it.

 

Are you kidding me? Anything finance related is better than nothing.

CNBC sucks "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
 

Try to get a job on the weekends to help cover your costs. Definitely worth it though; if I can give any advice as a recent graduate, any experience/internships puts you miles ahead of your competition.

 

Thanks for the input everyone. I know it sounds ridiculous but you hear so much about the BB and MM and that everything below that is garbage. I guess I was just hoping for a more prestigious shop. I have a bit of money saved so it should get me through the summer for commuting.

I did a lot of last minute cold-calling and cold-emailing to get the gig. Strangely enough, and something that was a little off-putting, was that the interview had no technicals and I was more or less offered the position on the spot. Not sure if that was because it was very last minute and they needed an extra intern. Is this common? I asked about what I might be doing and cold-calling never came up so I hope that is a good sign.

 

You didn't give any other details. But say you are in the Midwest or great plains where almost all M&A firms are "no=name"..absolutely. Yes you'll work on little deals, maybe $10M to $25M M&A assignments, but the # makes no difference. Process is more or less the same if the deals were $100M to $250M or more. Key is you'll learn the lingo ("pitchbook" "bakeoff" "deals comps" etc.). When you graduate that will absolutely be worth while. The GPA is not that big a deal...only the Goldman's really scrutinize GPA. To the rest: it's not grad school, it's a company. And if you learned the basics on someone else's dime and can hit the ground running (so long as it's not a firm with an unsavory reputation, so just look up their NASD broker dealer record) but barring that say 5% of firms, absolutely is my answer do it.

 

on the type of work that you guys are doing? is it mostly research? What city? I think, When applying from a boutique, considering the lack of training structure, most bankers will just ask you about your experience and what it is that you did.

Last summer, I worked at a no name boutique. I was persistant in asking for more technical work. After many times of asking, and after demonstrating my capabilities, I was given more quantitative type work. Just note, that it is rare to begin modeling as an SA, as it takes time to learn. My advice, be persistant, work hard, and learn as much as you can so you can ask intelligent questions. Use this experience to your advantage.

Goodluck!

 

on the type of work that you guys are doing? is it mostly research? What city? I think, When applying from a boutique, considering the lack of training structure, most bankers will just ask you about your experience and what it is that you did.

Last summer, I worked at a no name boutique. I was persistant in asking for more technical work. After many times of asking, and after demonstrating my capabilities, I was given more quantitative type work. Just note, that it is rare to begin modeling as an SA, as it takes time to learn. My advice, be persistant, work hard, and learn as much as you can so you can ask intelligent questions. Use this experience to your advantage.

Goodluck!

 

I did an unpaid internship last year and all I have to say is, "What a waste of time!" they aren't investing in you, so you pretty much won't do anything relevant at all. I'm glad I found a paid one a few weeks later.

 

Selling yourself short? Really? For a sophmore that doesnt appear to have an internship in late July, you should take pretty much whatever you can get. This opportunity sounds fantastic for a sophmore, and especially anybody in your situation. Not sure why you think your "above" this internship, but it sure as hell beats sitting around all summer before going into recruiting.

 

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