10 Comments
 

some programs launch firms for freshman that are somewhat selective. Honestly though if you do one of these internships you are highly autistic since you probably knew you wanted to do investment banking since high school. I know Bofa runs a process like this for example

 

Freshmen landing summer positions at bulge bracket (BB) banks is rare but not impossible. Based on the most helpful WSO content, here’s how some freshmen manage to secure these opportunities:

  1. Freshman/Sophomore Accelerator Programs: Many BB banks offer diversity programs, insight days, or early identification programs specifically targeting freshmen and sophomores. These programs are designed to introduce students to the industry and often serve as pipelines for future internships.

  2. Networking: Freshmen who secure BB positions often start networking early. They connect with alumni, attend on-campus info sessions, and engage in coffee chats with professionals. Building relationships with recruiters and employees at BB banks can put them on the radar for opportunities.

  3. Persistence: Successful candidates are highly persistent. They send out numerous applications, cold emails, and LinkedIn messages to secure informational interviews or opportunities. Some even apply to over 50 internships before landing one.

  4. Relevant Experience: While BB internships are rare for freshmen, those who secure them often have prior experience that ties into finance. This could include internships at startups, boutique firms, or even family businesses. Anything that demonstrates interest and capability in finance can help.

  5. Strong Academics and Extracurriculars: A high GPA (e.g., 4.0) and involvement in finance-related clubs or leadership roles can make a freshman stand out.

  6. Cold Outreach to Boutiques: Some freshmen start by interning at smaller boutique firms or middle-market banks. This experience can sometimes lead to BB opportunities through networking or referrals.

While it’s challenging, these steps show that with the right strategy, it’s possible to land a BB position even as a freshman.

Sources: As a freshman what should I be doing?, Freshmen: What to do during your freshman year summer, Can we get a list going of sophomore summer 2019 programs/internships? (Confused), What do sophomores usually do for internships?

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

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