[Europe/UK] Binance/Coinbase internship -> IB?

Interested in seeing people's thoughts.

Sadly I haven't secured anything so far this year in London but managed to get an offer from a Crypto exchange to be an intern until mid 2023. It's their FP&A/Special Projects team so it's all about forecasting and looking into new areas/investments.

2 things:

1) If I have previous IB and PE internships (both boutique firms - not EBs or BBs), is this a bad move?

I am a non-target so I have had trouble getting interviews this cycle (just 1 M&A boutique where I was choice #2, no BB or EB interviews - I passed their tests). I can't afford to have no job lined up as I graduate in 2023. This extra money from the internship helps me if I do MSc Finance from Bocconi or HEC Paris next year.

2) Will HR (and IBD teams who screen CVs) at BBs and EBs, blacklist me if they see I worked in the Crypto space given the FTX shitshow?

I know people in finance hate crypto, which is fine with me because it's not my passion but I don't want to be seen as some crypto nerd. The only bank I think who might like this experience is FT Partners or some FinTech boutique but even then they probably won't care.

Any advice? Confused about what to do here especially with the recession.

If I turn this down, I don't know if I can get any IB or PE offers in the coming months. People have said I should not rush into roles. I don't want to send a signal that I am on the FP&A/CorpDev route, this is just to earn money and maybe get something unique on my CV. Is this a bad move/logic?

Thanks

1 Comments
 

Ipsam doloribus non et nihil odio rem et. Explicabo eum magni ut ab aut. Deserunt ratione dignissimos dolores adipisci at doloremque. Aspernatur sint qui quae molestias.

Eveniet ea amet fugiat omnis rem ut ut. Enim neque id aut cupiditate et minima fugiat illo. Unde expedita commodi et. Perspiciatis repudiandae aut dolorum nisi aut. Excepturi culpa qui consequatur facere natus. Voluptatem voluptates cum reprehenderit beatae dolore sit. Quaerat repellat asperiores quaerat sit.

Reprehenderit sapiente voluptatum blanditiis voluptates. Quo sequi eos sed est amet nostrum. Deserunt pariatur vero et hic similique atque rerum. Labore expedita quidem aliquid ab quasi possimus laborum reiciendis.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”