Equity research --> investment banking?
Hi everyone,
For some context I'm currently a sophomore (at a non/semi-target + diversity) interning at a local boutique IB for the fall semester and have secured an equity research sophomore summer internship. I was wondering if anyone had thoughts on how this would position me for junior summer BB IB or ER recruiting. I wanted to explore both ER and IB, two of my areas of interest- but do these experiences diverge too much and tell a confusing story? Or is it okay to have a resume demonstrating you thoroughly explored different areas?
I know a lot of junior summer IB interns have sophomore summer experience in PE, so would an ER sophomore summer opportunity stray too far from the beaten path? (Or do I not have to follow the beaten path?)
Based on the most helpful WSO content, here's what you need to know:
Positioning for Junior Summer BB IB or ER Recruiting:
Comparing to PE Experience:
Resume Strategy:
In summary, your diverse experiences in both equity research and investment banking can position you well for junior summer recruiting in either field. Focus on crafting a compelling narrative that ties your experiences together and highlights your readiness for the next step in your career.
Sources: Career Ladder: Equity Research vs. Investment Banking - (A Definitive Guide, Part 3), https://www.wallstreetoasis.com/forum/equity-research/career-ladder-equity-research-vs-investment-banking-a-definitive-guide-part-3?customgpt=1, Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1), How Do Investment Bankers View Equity Research?, https://www.wallstreetoasis.com/forum/investment-banking/equity-research-to-investment-banking-levfin?customgpt=1
It’s not that deep at the undergraduate internship level. Experience is experience. You will learn valuation in both jobs. Don’t see why telling the story would be a problem.
Do you think I should bring it up during interviews? Or even publicize it on my resume and/or linkedin profile (under the experiences section)?
Are you seriously asking do you think you should put one of your only finance internship experiences on your LinkedIn and mention it in interviews? No, you absolutely should not. Employers hate it when you talk about relevant learning experiences you’ve had in the past. It’s much better if you talked about your high school summer job flipping burgers at Taco Bell instead.
Well here are two things on my mind:
1. This wouldn’t be too relevant of an experience because I won’t even have had my sophomore summer internship by the time I’m recruiting (which happens before sophomore summer). Future internships are not as relevant as completed internships.
2. I’ve gotten advice from upperclassmen, who are in touch with recruiters, about banks not wanting to hear about sophomore summer experiences because it gives them one more reason not to take you for junior summer- what if you have the option to return to the same firm for junior summer after your sophomore summer internship? What if you use that return offer to reneg your junior summer opportunities/offers?
These are things I’m considering- but thanks for your input, I’ll keep it in mind as well
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