Recently landed a corp fin & strategy summer MBA internship at a Fortune 10 company. If it ends up not being a good fit for me, do I have a chance to recruit for full time at a boutique or MM bank?
I'm at a top 10 program without much finance/accounting experience or any F500 companies on my resume.
Thanks!
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bump..anyone?
I know a person that did this, but he did have two year analyst stint at about a 10-man IB shop prior to b-school. I think that it will be possible given what I have heard about banking recruiting at top schools. I would start doing your homework on banks that you want to work for now though. It does not hurt to start talking to people to figure out which banks are the best to approach. I would just start with your classmates that have IB internships.
By the way, how soon should I start networking with the banks? Should I do it throughout the summer, or once I get back in the fall? Several of my classmates going to IB this summer already know that I may be interested in recruiting for FT.
I would definitely keep in touch with your classmates that have internships throughout the summer and make sure to kill it at your internship. I don't think that I would reach out to the banks until very late in the summer at the earliest because the banks will be working with the MBAs currently working as interns with them. You also don't want a bad review from your internship because there may be people there that will be willing to help get you into banking. It would probably be best to spin that I you weren't as interested as you thought you were going to be in corporate and want to explore banking. Or you saw former bankers in better positions at the firm (Corp Dev.) and were more attracted to their work which demands a banking background.
Note: I am on the buyside now so this is just opinion and what I have seen in the past.
Anyone else have mba classmates who successfully got a bb/mm full time gig after a corp strategy/corp fin summer internship? Honestly I don't think I'm interested in boutiques anymore as they don't give you a career boost early on. I would much rather take the corp strat role at a Fortune 10 company full time and try to move into corp dev than to look for underpaid jobs at a 5 man boutique.
Any reason why you dont want to pursue the Corp. Finace for full time? Whats the compensation like?
The comp for full time is approximately 115 per year first year but keep in mind this is in a very low cost of living city.
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