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!

Comments (43)

Dec 19, 2017 - 10:49pm
123..., what's your opinion? Comment below:

Can confirm on Harvey & Co. It's a merchant bank but pretty decent experience for freshman and directly relatable.

Dec 21, 2017 - 9:39pm
orangemarker, what's your opinion? Comment below:

this would be a lot more viable if you narrowed it down to a specific region

Dec 22, 2017 - 5:20pm
CreditMadrid, what's your opinion? Comment below:

As a first year what are the chances of finding an internship now? Is it too late? Or has the process not started yet? Especially if you cold email.

Dec 23, 2017 - 12:47am
AnUndergraduateStudent, what's your opinion? Comment below:

I live in a fairly large city and when speaking with Merrill Lynch pwm I was told that the only offices that actually take interns are the ones located in NYC and Chicago? Any thoughts on this? Would just getting a pwm gig at a no-name family type place be fine?

Array
Dec 25, 2017 - 9:21pm
cubbies1, what's your opinion? Comment below:

IB/PE freshman internships? (Originally Posted: 11/08/2015)

I am a freshman at a prestigious business school, but at a large state school which I do not believe to necessarily be a target. Are there any freshman internships for private equity or investment banking, that are not diversity programs, that are open?

Dec 25, 2017 - 9:24pm
Gangster Putin, what's your opinion? Comment below:

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.

Dec 25, 2017 - 9:25pm
delete account, what's your opinion? Comment below:

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?

Dec 25, 2017 - 9:33pm
Jrrball, what's your opinion? Comment below:

Internship as a "freshman"? (Originally Posted: 09/03/2016)

After transferring to a state school this past spring (and switching majors entirely) I am a freshman again. I am looking for an internship this summer that can kickstart my transition into investment banking/private equity/wealth management.

However, many of the internship applications I come across specify they want a current third year (junior). Should I still go ahead and apply? Any suggestions on where I should be looking? I know I'm not far along enough yet to be applying to some of the more well-known names, but with my resume I think I could compete at a certain level.

Any insight would be appreciated.

Dec 25, 2017 - 9:35pm
MMBanker14, what's your opinion? Comment below:

Couple questions on interning as a freshman (Originally Posted: 04/21/2010)

I had a couple questions about internships between freshman and sophomore year. It seems like a lot of people on here talk about interning in PWM during that summer, so we'll use it for this situation. Would it be better to get an internship in a big city (Detroit) as opposed to a smaller one (one that no one who doesn't live in Michigan would know), even if it's for the same company? I'd only have a year of college classes, so I wouldn't know much and couldn't contribute much, but I don't want to just file paperwork. What can I expect to do if I did a PWM internship between freshman and sophomore year? I want to work at a BB after college, if that makes a difference.

Dec 25, 2017 - 9:36pm
Gekko21, what's your opinion? Comment below:

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."
  • 3
Dec 25, 2017 - 9:38pm
Gekko21, what's your opinion? Comment below:
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."
  • 2
Dec 25, 2017 - 9:42pm
IlliniProgrammer, what's your opinion? Comment below:
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.
Dec 25, 2017 - 9:43pm
whysofew, what's your opinion? Comment below:

Freshman internship Opportunities (Originally Posted: 02/28/2011)

I'm a first year at a semi-target looking to go into IB. I have the my choice between two different internships this summer and wanted to know which you would consider a better experience to have on my resume. I have an offer from a Fortune 50 to intern in their Finance department, or I could intern at a BB in PWM.

Thanks for the help.

Dec 25, 2017 - 9:45pm
APAE, what's your opinion? Comment below:

He's got one grammatical error, get off his dick.

I am permanently behind on PMs, it's not personal.

  • 1
Dec 25, 2017 - 9:46pm
ivoteforthatguy, what's your opinion? Comment below:

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.

Dec 25, 2017 - 9:48pm
tradingonwheels, what's your opinion? Comment below:
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.
Dec 25, 2017 - 9:47pm
makers mark, what's your opinion? Comment below:

I'd vote fortune 50, just because you'd probably end up doing one or two legit projects that would be a lot better to talk about in interviews than anything you'd do in PWM.

Dec 25, 2017 - 9:51pm
Recker12, what's your opinion? Comment below:

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Dec 25, 2017 - 9:52pm
EnergyHOU, what's your opinion? Comment below:

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