Would you quit a part-time IBD internship to devote the whole day for job searching?
I've been doing a part-time internship (25 hrs a week) and with the rest of the time I've been networking/emailing and interviewing.
The internship takes a lot from my time (at least 35 hours every week).
They don't pay much at all, the job won't lead to a full-time (they are currently hiring but want somebody with at least 2yrs of experience) and currently there are zero deals (I've had a chance to work on 2.5 deals since I came). So, all I do is improve models, biz development and admin shit..
I think if I have more time, I'll be able to prepare better for interviews (which is more important for me at this point).
I don't have stellar internships, so this internship is helping me and I don't know what to do...
Btw, I already graduated and time is critical for me...
Any advice?
Yeah, but when you do can you push my resume through so I can get ya spot??
Worst idea ever. 25 hours a week? that gives you 143 hours a week to find a FT job.
Lol...
.
It's not that I can't handle... I just think this internship doesn't benefit me anymore (I've learned the basics of IBD analyst work) and it's not worth spending my time there...
Is that a Boutique/MM/BB?
Boutique, total of 10 ppl in the IBD.
How long have you been working for them? and should I assume you graduated in summer 2012?
"A bird in the hand is worth two in the bush."
What if you quit and not able to find a job for next couple months? In that case, it will be difficult for you to explain the holes in your resume.
True, okay guys, thanks for your help... I'll stay and hope I land a full time job soon.
Enjoy the weekend...
bad idea!!! probably most of your interviews will circle around your internship experience so my advice would be to pay attention to what you are doing, take initiative to learn more and ask questions, prepare for your interviews whilst you are doing your internship because as i said many questions will come from there! what have you learnt at the company? what was most challenging? tell me an interesting project you have done? what has it taught you about finance and what you looking for? give me an example of a time u had to deal with stress/ conflict...etc? why did you do the internship? what did you learn? how will u apply the skills u gained to my company....etc
u can also prepare by reading the FT, financial news...etc which iam sure you have access to whilst u are working....u dont realise how you can turn this experience to your benefit, and how if you utilise it properly and use that time effectively it can result in a job offer...
good luck
Dude, having a part-time IBD internship is great experience and I know tons of College kids who would die for that. Stick it out!
You are not nearly hungry enough. A 10-person banking group with no deals? I am sure the guys are generating revenue/feeding their kids somehow. Are they pitching? Get involved in it.
Rather than thinking about quitting, you should ask them to work as a full-time intern instead. They don't want to pay you to work more hours? No problem, you are happy to do the extra hours for free (with the understanding that you may need to take time to interview, etc.). If you are not getting meaningful work, they don't think you can do it. Convince them otherwise.
If I were interviewing you, I would ask why you are doing a part-time internship when you have nothing else going on. As others have mentioned, quitting would be very hard to explain, and would make you look incapable. If you can't handle a PT internship and a job search, banking is not for you.
Lastly, don't believe them when they say they want to hire someone with experience. That just means they don't think you can cut it, and if they don't think so, what makes you think you can? Do you know better? Bankers are economic creatures - if they can get value from you (especially cheaply, as an intern), they will take it, and if they are not taking it then maybe your offering is not that good. No problem - make it better! Get them involved in your development - you do crap work for them for 80 hours a week, you do it well, you don't complain, and always wear a smile, and in exchange they throw you a bone once in a while and teach you a thing or two.
Of course, keep looking for a job in the meanwhile. And cut the crap about "I know the basics of analyst work" because if you did, they would take you instead of an experienced analyst (again, they are economic creatures). Acknowledge your weaknesses, then go fix them, then profit.
Good luck, and get hungry!
^ wow!
One of my biggest regrets is leaving my internship early.
If you can't make it happen now w such minimal hours you may want to reassess
Since you said that they only hire ppl with 2+ years experience, you should stay in that boutique for another 2 years until you are qualified for their recruitment. Sounds good?
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