Advice on getting internship

Hi - I’m interested in pursuing a career in equity research. I’ve been working on building my financial analysis and modeling skills, and also a member of my university's investment club. However, I’m struggling to find relevant internships at this early stage.

Does anyone have advice on how to stand out as a sophomore when applying for equity research internships? Also, any tips on networking or resources that could help me would be greatly appreciated!

3 Comments
 

Based on the most helpful WSO content, here are some detailed steps and tips to help you stand out as a sophomore when applying for equity research internships:

Building Your Profile:

  1. Financial Analysis and Modeling Skills:

    • Continue to enhance your financial modeling skills. Consider taking courses that cover financial statement modeling, DCF, M&A, LBO, Comps, and Excel Modeling. These skills are crucial for equity research roles.
  2. University Investment Club:

    • Leverage your involvement in the investment club. Take on leadership roles or spearhead projects that demonstrate your analytical skills and commitment to finance.

Networking:

  1. Start Early:

    • Begin networking as early as possible. Reach out to alumni from your university who are working in equity research. Use LinkedIn or your university's alumni network to find contacts.
  2. Cold Emailing:

    • Craft concise and personalized emails to professionals in the field. Introduce yourself, mention your interest in equity research, and ask for informational interviews to learn more about their experiences.
  3. Follow-Up:

    • Maintain periodic follow-ups with your contacts. Update them on your progress and any relevant achievements. This keeps you on their radar and shows your continued interest.

Applying for Internships:

  1. Target Smaller Firms:

    • While bulge bracket firms may have more competitive processes, consider applying to smaller, regional, or boutique firms. These firms may offer more opportunities for sophomores.
  2. Leverage Your Network:

    • Use the connections you’ve made through networking to get referrals or recommendations. A strong referral can significantly boost your chances of landing an internship.
  3. Tailor Your Applications:

    • Customize your resume and cover letter for each application. Highlight your relevant skills, experiences, and your involvement in the investment club.

Resources:

  1. WSO Courses:

    • Enroll in WSO courses that offer lessons from experienced private equity pros and bulge bracket investment bankers. These courses often include financial modeling templates and other valuable resources.
  2. Networking Guides:

    • Follow the networking guides available on WSO. These guides provide step-by-step instructions on how to effectively network and build relationships in the finance industry.
  3. Online Forums:

    • Participate in online forums like Wall Street Oasis. Engage in discussions, ask questions, and seek advice from professionals and peers who have gone through similar experiences.

By focusing on these areas, you can enhance your profile, build a strong network, and increase your chances of securing an equity research internship as a sophomore. Good luck!

Sources: https://www.wallstreetoasis.com/forum/job-search/advice-for-sophomore-summer-internships?customgpt=1, What do sophomores usually do for internships?, As a freshman when should I apply for sophomore internships?, Advice For Sophomore Summer Internship, As a freshman what should I be doing?

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

Look around a Portfolio Managers at smaller funds on Linkedin as well as people who have interned in finance roles. Usually there are people that interned at smaller hedge funds that regularly hire interns for free or for little pay. The only way you're going to be able to get direct relevant experience is going about it informally through the alumni network or other contacts on Linkedin, they usually don't post anything.

 
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