Best Types of Work for Previous Internship Experience
I am going into my junior year and looking to apply for a BB IB internship next summer as a rising senior. What do recruiters look for in your work experience? I've been told that the ideal past work experience would include some degree of modelling, but it's fairly rare for interns (especially those going into their junior year) to be handed modelling work... For those who went through the SA process successfully, what type of work experience were you able to leverage?
Anything you can spin to make it relevant to the role you are applying for.
The recruitment process is like December to February to it's difficult to change too much at this point. If you go to school in a major city you can grab a boutique IB/PWM kind of internship. A lot of it is showing finance interest as much as gaining skills.
Hopefully this contributes by people replying but would an investment management internship at a well known multi-billion endowment be decent experience for IB SA? Think in the realm of university endowments.
Yes. For a per junior year internship that's fine. I'd put it ahead of pwm personally but that's just me. Obviously the best thing would be an IB internship but that's not super common.
Prior experience necessary for SA in IB? (Originally Posted: 07/15/2015)
Hi all,
I posted this in the "Get A Job" section, but I haven't yet received any responses, so I thought to ask here as well.
I'm interested in a summer analyst internship in IB. I am a rising junior studying econ at Georgetown SFS with a good GPA (>3.9). My interest for finance was sparked recently (by taking International Finance last semester) and I think it's something I'd like to make my career.
I've heard conflicting statements online if BB firms are simply looking for smart students or if prior experience is a must-have. If it's the latter, the biggest impediments to my candidacy are that I lack business coursework or experience. I plan on making up business coursework this fall when I am studying abroad and when I return to campus in the spring.
The lack of business experience, however, is worrying. I've been doing a lot of work on my own (BIWS Excel/Powerpoint) and reading how-to valuations books (Rosenbaum/Damodaran). I think I can hold my own once I get into an interview, but getting my foot in the door is the hard part. I'm currently trying to network with alum / recruiters to express interest, but I'm unsure of its efficacy.
Is there anything else I can be doing to prepare myself or express interest?
Thank you for your time.
tl;dr Competitive student at semi-target lacks business coursework/experience; what do?
What did you do this summer/last summer? When you're studying abroad, an internship might be tough to do, but could you find a econ/finance professor to do research or something with?
Last summer I worked in my senator's office. I was an econ TA during the year, and I'm doing research with 3 professors this summer--two projects on river pollution in India and one project on human rights.
I am close with my finance professor though. I can probably get work with him if that would be useful.
Try to get an internship in the fall and leverage that to something spring semester because that's when interviews start. I know some places in DC if you want to pm me
@wallstreethopeful can i pm you, as well? I dont have much relevant experiences and am interested in your advice.
You have plenty of time. Firstly, make sure that you can do on-campus interviews, the career center at Leavey does these workshops (I think when school begins) that you have to attend in order to interview on campus.
Summer internships won't be looking to see that you have the MSB background; they're focused on getting smart kids. The fact that you're already looking at BIWS and valuation books is a plus. There are a lot of SFS kids who end up in finance. You should reach out to them for any advice they may have.
Feel free to PM me as well.
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