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Career Resources
Based on previous WSO threads, here are some insights regarding the Girls Who Invest (GWI) Summer Intensive Program (SIP):
Acceptance Rate
Top Firms/Roles for the 6-Week Paid Internship
Internship Assignment Process
Housing and Food
Training/Visits with Universities
General Vibe/Reputation
If you have more specific questions or need further details, feel free to ask!
Sources: 2022 Girls Who Invest Summer Intensive Program / GWI SIP - Wait to hear back in December or interview for firms now?
Good luck with your GWI application!
1.) Not sure of any official statistics, but the SIP program has become more selective in recent years so a sub-10% acceptance rate would not surprise me. OIP is less selective in comparison.
2.) You are assigned your internship based on your resumé and what the GWI team thinks would be a good fit for you, so there is no interview process and no “choice” on your end. You can potentially give the team some vague requests for a preferred role / geographical location, but I would not count on them honoring those requests.
3.) All the internships are with extremely reputable buyside firms such as Blackstone, KKR, Dodge&Cox, PIMCO, etc. They have a full list of partnering firms on the website which gives you a sample of potential internship assignments. Chances are, you will be assigned to a “top” firm compared to other sophomore internships no matter what.
4.) Free housing / food is for UPenn specifically, but you can apply for financial assistance for the internship portion of the program and the team is good about honoring those requests. However, the internship is paid, so hopefully you would have enough to pay for outside expenses just through your intern salary.
5.) I believe all training is being done through Penn. Pre-Covid, training was done through ND as well, but this is no longer the case (my info may be outdated though)
6.) The program is extremely well-regarded. Once again, having any one of GWI’s partner firms on your resumé through the internship is a big deal.
Hope this helps!
Don’t be fooled by the big partner brand names. First, you have to accept the fact that there’s a high chance that you will not be the one who’s working at GSAM or Blackstone or TPG that summer. But still, it’s good to have a soph internship am I right. Next, you can’t really learn anything during an internship that lasts a month so take it as you will. I have friends who have had terrible experiences with this program but maybe that’s not universal.
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The program runs from June to mid August, as a current scholar I disagree with the learning aspect of your statement
I’m talking about the internship. You’re still at Wharton taking “finance crash courses” stfu lmao. OP if you can get a bank soph internship go with that.
In the program right now and two caveats to the main comment above. I was fortunate to get a “top” firm internship but some of my friends got endowments and pensions and they are getting paid around $23/hr vs prorated PE salary…. They discourage us from signing banking offers, and there are very standard out of pocket moving/food/misc expenses they don’t cover (the program is definitely not 100% free however I’m not complaining because of how amazing everything else is)
It’s a life changing experience though, I highly recommend it after the first month if being in the program:)
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Be yourself and show personality!
Are other genders allowed to participate in this program?
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Classic handout for women
There are nonbinary and transgender in the program this year
I will caveat all the good advice in the comments by saying that every single girl at my target even remotely interested in finance applied, and the acceptances were very arbitrary and not really merit/need based (reflected in the very subjective application process—essays, video, LOR). I ended up knowing lots of nepo babies and generationally rich boarding school girls who got in, which goes against the supposedly equity driven mission. I remember being crushed when I was rejected (so on second thought this might just be sour grapes), but a lot of my friends who were rejected from SIP ended up at equivalent or better sophomore internships (GS/JPM/MS for me and renowned HFs/buy-side firms for some friends). Put your best foot forward in the application, but don't stress out too much like I did.
Hi! I am actually in the process of applying and though not from a target school, also share many of the same concerns. In case, I don't get in, I'm looking into other Sophomore opportunities and was wondering what resources really helped you get those opportunities. Any and all help would be so so greatly appreciated!
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