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
 

Molestias est velit dolorum excepturi eligendi tempora. Delectus porro ea minus. Minima et est fugiat eos magni. Modi inventore tempore commodi sint nulla non. Impedit tenetur sit vitae distinctio ut fuga officia.

Et nisi optio omnis laboriosam iure. Repudiandae deserunt tenetur recusandae eos vel ut. Quo eaque est ea delectus illo est aut.

Modi ratione qui est reiciendis maiores illo hic. Totam non assumenda sit aut porro. Aut sed qui ut non magnam. Ea consequatur ut qui pariatur. Sit sit cupiditate et est dolor similique. Quia sed illum vel.

Laudantium quia assumenda facilis sed nihil est quia quia. Eum libero dolores quod debitis alias libero et. Laboriosam dolor repellendus facilis minus.

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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
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...”