Final year & internship

Hi everyone,

At the moment I am applying to off-cycle and summer internships in IB in London. Some banks, however, do not accept students that are final years. I am graduating this year (in a month), and thus have a preference for an off-cycle internship in the coming year. Does anyone know which banks offer positions for final years or recent graduates for the internships? And specifically does anyone know whether Credit Suisse offers off-cycle positions to recent graduates?

 

Kind of confusing, are you saying you're considering deferring graduation? Anyways, even though some places specifically limit the application pool by "rising xx class, currently in xx class" and similar shit, I don't see how it can hurt to apply anyways. Worst case scenario, your application gets put on the ding pile, right?

I think it's too early to give up tho, good luck man

 

Eligibility for summer internships in London varies from firm to firm. Some take you on even if you are a final year or a graduate, others only second year undergrad (and maybe final year with masters lined up). Hard to find out though because even the HR reps you meet often know shit, I speak from experience.

 

Thanks for your views,

Vectors225, I already delayed graduation once. Considering delaying twice as I pile internship experience, hoping for the FT job market to pick up.

With the exception of JPM, all HR reps have told me that I am not eligible, even in some smaller banks. I might try to add a second master to make me synthetically eligible, even though I have neither the intention nor the money to undertake it.

 

Hi there, I'm surprised that's what you were told - I applied to many internships during my 1-year MSc in the UK and didn't have any problems being a final year student for most banks (RBS being one of the only exceptions from what I remember) . Many of my classmates also landed summer internships. I've now graduated but am still applying for internships this year (since as you know FT recruiting in EMEA has been dismal) , and so far have not had any problems with it. From what I understand, banks are much less strict about the penultimate year requirement in EMEA. Also, you can get away with just putting on paper that you will do another masters (which some of my classmates did) if you're concerned. However, the problem with that is that HR is apparently catching onto our antics and is may ask for proof of this

 

Hey man,

So to be blunt you're in a really tough position. While if you'll look around the forum and see most people in your situation (Senior looking for FT IB) recommend networking hard-core with boutiques/no-name local shops for IB, without any prior internships thats probably outside the realm of possibility for you. Another option a lot of people mention is MO positions (risk), commercial banking positions, valuations, or transaction advisory services - again, this is going to be extremely challenging for you without any prior internships.

My best recommendation for you would be to spend some time and do a ton of research online on various finance careers. Find a few fields with a slightly less competitive recruitment process and focus your all on getting any related jobs. Figure out what you could do to make yourself more prepared for these careers (anything: case competitions, research with professors, courses, etc.) and network your ass off with anyone you have any excuse to reach out that you find on LinkedIn (ex: alumni, people who grew up in same area, same sports?, same collegiate organizations, etc.) Happy to expand on this more but I think this should give you a good place to start.

 

Hey newmonkey14, sorry about the delay, but are any of these useful:

  • Breaking in as a Senior w/o Internships from Non-Target School I'm in now. I'm currently a senior in a non-target school graduating in the spring. My school ... now? Any and all advise is appreciated! no internships high sat highg ... Street. I hadn't realize the importance of internships while in school,
  • What its like trying to break in to a top firm from a non-target... no one from a non-target school knows any of these things because they've never broken in. This ... etc.), you are pretty much fucked. Coming from a non-target you need some sort of high finance experience ... else like it. The whole world is stacked against you.- If you're coming from a non-target ...
  • Getting Noticed with a High GPA from a Non-Target a non-target school (top 50 business school) despite high SAT scores, and worry about my chances of getting the ... to prove myself to employers. All input is greatly appreciated. IBD NON-TARGET ... school) and math double major. I didn't get the best grades early on in HS and ended up at ...
  • Non-target--> FT Off-Cycle IBD Analyst School Now for my story, I attended a large (20,000+ students) non-target school. We were in proximity to ... community. Really learned a lot and got my foot in door based on the advice on these forums. The Non-Target ... probably 70 of them. I Sent Over 400 Emails Being a non-target the people who were involved really enjoyed ...
  • High School Senior entering Pace University (Lubin)- Need advice to tailor myself for Wall St. while attending a non-target that Pace University's Lubin school is a non-target by far, however, it is my best undergrad ... in high school, so that's the main reason why I'm reaching out with this post. I realize ... a much smaller thing, but I've also founded a Business Club at my high school, got it in the biggest ...
  • The long road to ER from a non-target give up, never surrender. non-target Equity Research success stories to Tuesday, May 3, 2016- 4:05pm ... with. As of now my major was I.T. and I had no clue on how I could start a career in high finance. So, ... graduated high school while focusing on sports way too much. I do not believe I turned in a single homework ...
  • AMA > Non-Target > Search Fund & AM internships > BB AM 1st year- FI > (Think Wellington, Fidelity, Blackrock) schools. Went to a small non-target school in Boston. When I say non-target...think smaller and less known ... away. Keep Grinding. AMA non-target AM to Monday, September 11, 2017- 1:55pm ... internship feeder program and the fixed income related interns left with no offers. Graduated with no job. ...
  • More suggestions...

Or maybe the following WSO members have something to say: SY450 Naoki Hanzawa Lei-Zhao1

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I mean, this is going to sound crazy lazy, but it is a lot for my last summer. I will have an internship frosh-junior year summers. I guess just screw it. Put in the hard work now and it will pay off later in life. sigh.

 

PWM is probably the best you could get as a senior in hs/freshman in college, so shoot for that. You should be able to leverage this into something decent your sophomore year and then land an SA gig your junior year.

"Life all comes down to a few moments. This is one of them." - Bud Fox
 

im in the same boat...graduating in december. Landed a BB SA gig and they didn't give a shit at all. They told me, oh well if you get an offer you have to sit around for a few months before training starts

 

I talked my way out of being dinged by saying that I was taking some undergraduate math courses as a non-degree seeking student to fulfill some prerequisites for a master's degree in economics that I was applying to. Long story short I landed the SA role with an undergraduate degree and here I am nearly two years later almost done with year one of the full time analyst program.

 

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