An intership in January, is it possible?
Hi,
I'm a rising Senior in a non target B-School. Part of my program requires from me to find a 4-6 months internship in January. My objective would be to get that internship in IB. I started looking and cold emailing since the 1st of June, so far nothing as expected. But as I was looking trough the positions it seems that most of the IB only have programs for summer which leads me to wonder, do I even have a chance to get an internship in January? Do IB bother taking intern during this period or is it only possible for a summer internship?
Also, are there more opportunities in Europe for this kind of off-cycle internship?
Thank you for your help
Based off what I've seen, there are fall/winter term internships available but those are mostly offered by regional and local boutique firms. Don't think many, if any, BBs offer anything that's not in the summer.
Ok so I will focus on boutiques. Any idea on the right window of application for this type of internship? Since the first day of June, I've been cold emailing but saw no open applications.
Some MMs will have them too, but def on an as needed basis and not always an annual thing.
What area are you located in? From my experience, boutiques will do off-cycle internships. I did a couple of those near my non-target and am returning to one for a second time. My school's located in a city where IB is largely unknown, although we headquarter a good MM. So if you can beat that then I'm sure you can find/convince a boutique to hire you, paid or even unpaid. ALSO, keep in mind that recruiting an off-cycle intern is likely not on the minds of any bankers at regional shops right now. You'll have better luck with replies starting next month and in to August.
I'm currently in North Carolina but I'm willing to relocate anywhere really. It's great to hear from your experience. How did you proceed to contact the IB to lead to an internship? From what I've seen they usually don't have open applications for off cycle internship. I know that networking can sometimes lead to an offer but additionally did cold emailing work for you or did you do something else? And thank you for the precision, that's what I started to think, June may be a little too early.
It was an informal process where a current intern I was good friends with let me know that they were looking for a second intern. So I emailed the contact my resume and went from there. For the second boutique, I reached out to a friend of a friend who worked there, since I now had some experience. The common thread here is obviously the network. Find past interns at local shops or alumni who might work there now. Small shops will likely not have a formal process or info on careers, so don't be afraid to reach out. LinkedIn honestly does have a lot of jobs for them though (I've been looking for FT positions on there). But again, it's the whole timing thing. So I didn't use cold emailing for my off-cycle experience, but it does work. I've used it to get interviews in other cities where I previously had no network and landed at a boutique in NYC, which is where I am for this summer. There's plenty of info on here about how to format cold emails. The key is to not get discouraged and keep polishing your writing, resume, knowledge, etc. North Carolina definitely has a better banking presence than my school's state. Keep working at it. Even though it's early, it doesn't hurt to start now because you can just keep following up throughout the summer months.
Winter opportunities (Originally Posted: 11/03/2012)
Have you guys had any success finding a short internship for winter break? And if so how did you go about your search? I know it is only a month but I would love for some relevant experience to boost my resume before applying for summer internships in January,
very rare - typically need to already have built a connection, to have worked there, or go to a school with a program set up already.
i've seen kids network to get one the last month before winter break starts but thats as hard as getting a summer internship in june! if you really want just start calling
I did a winter internship. I agree with couchy in that it's rare because unlike in the summer small amount firms have a winter internship program but some smaller firms may be willing to take you on. Best way to go about it is use your connections and try to network to people in the office and ask if you can come on for the winter.
Winternships exist at major firms; they are designed for schools which have trimester schedules. That said, they are not publicized and pretty much only take resumes from their target programs.
The best option for something to do over just winter break, however, is to find someone to shadow.
January internships? (Originally Posted: 10/21/2013)
Does anyone know of firms that have January internship/"winternship" programs? My school gives students this month off as J-term, so I'd like to take this opportunity to intern somewhere. Are there any established programs to apply to? Thanks!
Afraid I don't have any information about established programs, but I would suggest networking with boutiques to see if you can get them to create something for you. There are a lot of small shops that would be more than willing to take on some cheap/free help and given their size, they have the flexibility to do something like that.
Are you looking for IB specifically?
Those positions are probably filled up now, but goodluck for the summer!
Not to hijack here, but I'm in a similar position (December though). Any tips on maybe playing it a bit less daring and reaching out to smaller PWM firms? I don't mind spending a month doing some bitch work if it lets me network/get some resume padder for better summer internships (I'm a freshman).
You should reach out to alumni at boutiques because they are most likely to take winter interns.
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