Advice on landing unpaid ER role?

Based on the most helpful WSO content, here are some tips and advice for landing an unpaid Equity Research (ER) role:

1. Target Small Firms and Boutiques:

   • Smaller firms and boutiques are more likely to take on unpaid interns. These firms often have less rigid hiring processes and may appreciate the extra help.

2. Networking:

   • Reach out to alumni, family friends, or any personal connections who work in finance. Personal recommendations can go a long way in securing an internship.
   • Informational interviews can be a great way to build connections and learn more about potential opportunities.

3. Cold Emailing:

   • Directly email firms expressing your interest in an unpaid internship. Highlight your passion for ER, your willingness to work for free, and any relevant skills or experiences you have.
   • Be persistent but polite. Follow up if you don’t get a response initially.

4. Show Hunger and Courage:

   • Demonstrate your eagerness to learn and your commitment to the field. Sharing stories of your dedication, such as working multiple jobs to support an unpaid internship, can make a strong impression.

5. Leverage Online Resources:

   • Use platforms like Wall Street Oasis to find lists of firms that recruit undergraduates for internships. Engage with the community to get more specific recommendations and advice.

6. Consider Non-Traditional Paths:

   • Look into smaller, less conventional firms such as search funds or small PE shops. These firms often have former investment bankers or private equity professionals who might be open to taking on unpaid interns.

7. Highlight Relevant Skills:

   • Make sure your resume and cover letter emphasize any relevant skills or experiences, such as financial modeling, market analysis, or any self-study you’ve done in finance.

By following these steps, you can increase your chances of landing an unpaid ER internship and gaining valuable experience in the field.

Sources: Can I ask for an unpaid internship?, Recent grad looking to get into ER seeking advice, Please Advise: Never-Ending Job Hunt, Advice From a Seasoned Equity Analyst, The Economics of an Unpaid Internship