Binance internship for IB
Hey all.
I have an offer to intern with Binance in one of their finance related teams.
My goal is IB so I was wondering, given the crypto negativity and FTX - would this be a big blemish on my resume? This is when it comes to getting interviews for IBD roles.
I don't have any other internship offers right now but feel like maybe no binance on my resume is better. I have completed an IB internship at BNP Paribas in Project Finance so its not like my profile has nothing. I would go for another IB internship or graduate role but headcount seems down and I am not getting any interviews.
However, this is exactly why I am worried people might get confused that I chose to do a finance/investment internship at Binance instead of another IB internship.
Any 2 cents/advice is appreciated, especially from the people who review CVs for SA/FT recruitment. Thanks!
When do you graduate and is this US or Euro? Interesting since you already have an sa under your belt.
Europe. Graduated this year. I did the SA at previous bank, no conversion. Going to do Masters next year so I need something inbetween.
I just realised it might look awkward if I suddenly went for a weird Finance/Strategy type internship instead anything in traditonal IB e.g. M&A at boutique or whatever.
Most people I talked to previously at banks don't really like Crytpo which is why I am scared to accept. Easier to explain no internship rather than IB PF -> Binance -> IB again. But I am thinking maybe I will just do the internship but omit it from my 1 page resume so it's not a red flag.
Binance is a great name that everyone in banking will know about and it would definitely be a strong value-add to your resume, especially since the position is finance-related.
Also since your previous IB experience is in project finance, i.e. more infra/real assets related, having experience at a crypto exchange would be very helpful if you want to recruit for TMT / FIG groups.
Thanks for the comment. Yes, maybe it will work - I applied to FTP saying I will be at Binance and they just dinged me (no first round) for their 2023 SA lol.
I interned at a crypto hedge fund remotely in January til May that is now bankrupt and I feel like the learning was invaluable but ppl might think you’re a crypto nerd that’s how I was perceived
Oh that's cool. By Crypto nerd - was it in a positive or negative light? By positive I mean more like "oh that's an interest work experience, let's ask him about it".
Although I do wonder, do you think I could just exclude it from my resume when applying for IB roles? So it's only bought up in conversation?
More so positive than negative, people asked me my thoughts on crypto, if I wanted to work in crypto but I said due to the climate and my previous internship experience in IB I wanted to go IB. It’s really interesting, I’m sure you’ll like jt
Binance to FT TMT coverage isn’t crazy
If I saw a Binance internship on a CV I’d be pretty curious. Definitely an asset.
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