Any chance to get a boutique ib summer intern if I apply now?

Hello WSO members,

I'm a Junior majoring in finance. My current cumulative GPA is 3.0 and major GPA is 3.7. I know all investment banks have ended their recruiting, so I'm thinking about boutique ib intern or pe intern as alternatives. From what I've researched on the forum, some boutique ib recruit till late spring. I had a pe intern last year outside US so idk if that experience may help. I am very good at excel and self-studied financial modeling and considering the fact that NYC has more opportunities, is there still any chance to get a boutique ib intern for the summer? If so, what should I do? And what should I do for my future investment banking career if I can't successfully get a decent summer internship?

Thank you folks!!

11 Comments
 
"Sil"

I got my junior year SA spot at a boutique in June. Start firing off some emails.

Thank you. I should start cold emailing right now.
 

As everyone else mentioned, the worst thing you can do is to not do anything at all. Some small shops might still be hiring (both across ibanking and PE). Start reaching out. That being said, if you don't get any traction within one month, broaden your reach and apply to a more diversified industry group. You can always try to make your way back into ibanking for full time hiring.

 

I had to do this recently in changing jobs. It's uncomfortable at first but you will soon get used to it. Start reaching out to analysts (they will be the ones vouching for you and putting your resume forward). As for alumni, focus on whoever you can find whose job is directly related to what you seek. You will be surprised by how many will take the time to get back to you. I wouldn't waste time with HR managers because so many people reach out to them already, and they aren't always familiar with the specific teams' needs

 

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