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?
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.
Well the thing is, it's not really an ER shop I don't think. It seems to just be some sort of a blog where they'll be uploading student research with their review online for free.
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
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