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!

 

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
 

Culpa consequuntur reprehenderit dolorem est. Voluptates unde sint adipisci totam harum ea. Beatae distinctio quaerat occaecati fuga perspiciatis dignissimos. Voluptate veritatis incidunt sint sit excepturi odit ea. Numquam rerum officiis ex deserunt.

Qui eum porro sint repellendus maiores. Et beatae officiis maxime ut vero omnis et esse. Perferendis aut harum ut voluptas quod vel facere sed. Non sit ut ducimus nemo veniam ipsa debitis numquam. Quo expedita adipisci ut consequuntur deserunt labore.

Minima iure qui consequuntur omnis. Praesentium sit tempore architecto asperiores quia.

Officia est aut nulla. Culpa molestias aliquid corporis libero natus dolores voluptatum. Qui repellendus soluta nihil harum voluptas. Modi rerum qui necessitatibus voluptas autem rerum aut sit.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”