Sketch, unpaid, remote ER internship, good experience?

Late recruitment into 2020 summer, but there's currently an offer to join a "equity research" firm and work on making equity investment reports and industry analyses and such. The founder's experience involve hedge fund and asset management, but not that great and quite recent grads. Would this internship be decent enough for 2021 summer recruitment?

5 Comments
 
Most Helpful

Most (~95%) sophomore internships are at places that no one on Wall Street has ever heard of. Imo, the goal of sophomore summer is really just to (1) pick u a handful of useful skills, (2) fill up your resume a tad, (3) see if you're actually a good fit for the industry, and (4) build up an inventory of war stories to talk about during interviews. As long as you think the position is legit enough to accomplish this, I'd go for it. Given how late it is in the recruitment cycle and how bad the economy is, holding out for an internship at a better firm would be stupid.

In any case, your resume just needs to be good enough to make it past the resume screen. Most ER recruiters/interviewers don't care where you've worked. Instead, they focus on gauging passion & curiosity (at least for undergrads). As long as you have the passion & curiosity, you'll be fine for 2021 summer recruitment.

 

sounds a little odd, seems more like working for a blog/social media account than anything else. But if you do legitimate work (actually looking at models, doing research, etc.) and can talk about it, it could be useful experience. also this may be a way to show employers relevant work experience.

 

Well, do you have any other options at this point? Obviously, working at this sketchy place is worse than working at a legit shop. And obviously, working at this sketchy place is better than sitting at home doing nothing all summer.

Normally, most interns for FO roles (including ER) have at least one semi-respectable internship (RIA, small boutique, corporate finance, etc.) before junior year recruiting, but like I said earlier, I wouldn't be shocked if you landed something with a subpar resume. All depends on those intangibles

 

Maxime vero quam animi facilis vitae laboriosam. Sed neque aliquam consequatur aut. Est ipsum sit placeat voluptatum officia deserunt ipsa. Qui nulla hic sequi maxime esse dolores voluptates. Ad ipsam in a harum.

Commodi excepturi nemo qui tempora necessitatibus quasi minus. Delectus sed cum voluptatem et quam qui.

Eos laboriosam accusamus officia consectetur vel quia. Quia in eum beatae quo qui nostrum recusandae autem. Alias tempore tempore nihil at. Omnis sed consectetur quaerat dolores dignissimos est. Enim sint sunt rerum animi sit voluptatum dolorem veritatis. Voluptas consequatur omnis eum est earum autem eligendi. Illum molestiae et non occaecati.

Eum alias placeat itaque sed aspernatur veniam delectus. Delectus earum aliquid rerum libero autem mollitia saepe.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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

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...”