Comprehensive List of Internships for Freshmen

Just thought I would start a thread to compile a list of finance-related internships (PWM, IB, PE, HF) for first years in college. I understand that these opportunities are slim and elusive.. hence the thread.

Harvey & Co - Newport Beach, CA
Merrill Lynch PWM - almost any major city

Please feel free to add on!

 

No, there's nothing openly available unless you have family connections. You do have a shot at getting a PWM or boutique IB internship if your work hard on cold emailing. In any case, it isn't necessary for you to have a financial internship this summer.

 

Curious how you have "prestigious business school" and " I do not believe to necessarily be a target." in the same sentence? lol. Anyways just reach out to friends or family first who are in the industry. You might be able to get a small PE shop or boutique IBD internship. I think that's your best bet along with PWM. No clue whether or not you'd be paid though. Maybe for college credit?

 

Don't apply through the website if it says it is for a different grade level. Try to find people at the company you want to work at and reach out to them. Keep networking and try to find a place where you can informally apply.

 

Dude...no one does work for freshmen year internship; I don't care if you interned in NYC or Nome, Alaska. The point of the freshmen internship is you file papers and then "talk about what your group did" and make it sound like you were contributing. That said, Detroit would be better, but it won't make that much of a difference. Getting the internship freshmen year shows ambition and is a resume filler/conversational piece during interviews. I had a freshman internship and I use it to say "I like the people, but I really wanted to do...... because its more client focused/fast paced/ect." during interviews. The best part is when you say that and your interviewer is a person who was able to transfer from MO to FO and understands what you are talking about.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
jrt336:
So it would be filing paperwork and basically shadowing some people who do the real work? That's about all I could expect I guess.

Basically yeah. but I mean as long as you are personable and work hard you could request to do additional work. That work might be data entry or maybe looking at numbers. I worked in credit risk and had monitor if there was a breach of margin in the account. If there was a breach I made note of the account and told the guy which ones he needed to call/look at.....its slightly better than filing paperwork, but it's not exactly something meaningful. A lot of the time I felt like I was doing nothing/busy work to make it seem like I was doing something helpful. You forget it takes training to do all this stuff and most guys have way to much work to teach you how to do these simple tasks since they can do them themselves a lot of fast.....Just get the name on the resume and look for something big in sophomore year after you have more classes and "life" experience under your belt.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
jrt336:
So it would be filing paperwork and basically shadowing some people who do the real work? That's about all I could expect I guess.
You could definitely do research work over the summer in your major. That would probably be the best option. The next best would be some sort of summer job. The guy who hires you for your sophomore year internship will want to see that you've held down a steady job in the past and won't flake out on him.
 

BB PWM are a dime a dozen, but a lot of us have went up that track. Note that you will learn next to nothing though. It will be printing and filing. By law you cannot even get on the phone with clients. And a lot of these are unpaid so you go in on your own nickel.

 
ivoteforthatguy:
BB PWM are a dime a dozen, but a lot of us have went up that track. Note that you will learn next to nothing though. It will be printing and filing. By law you cannot even get on the phone with clients. And a lot of these are unpaid so you go in on your own nickel.
Not always true. If you do end up doing PWM, focus on making processes more efficient (learn how to use macros [general and microsoft] and excel spreadsheets). Definitely useful for IB. Also, you can propose to try to find business development prospects for you FAs if they do some of that stuff - finding information is very relevant to banking.
 

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