I graduated from a state school this past December and attempted to break into IB or ER through networking for about 5 months.
While I wasn't able to land anything, I certainly gained a lot from the experience and made a lot of contacts.
I recently started a position in Operations at a large investment bank in their FX Department. Obviously not where I want to be but I are it as a footman the door and I'm happy to be employed.
I just got an email from somebody I contacted a while ago that is a partner at a small investment bank in NYC.
He said they are considering me for a 2 month internship position, unpaid but with the possibility of getting a bonus check depending on performance.
I want to take this internship but I'm slightly hesitant only because a) I'm going from being paid to unpaid b) it's an unknown company (didn't come up in a search on WSO or glass door) so I'm not sure how valuable the internship would be in terms of landing interviews come sept/oct
What do you guys think I should do?
Hmm..tough spot. They say it's easier to find a job while you're employed.
Is there a chance for a FT offer at the end of the internship?
Doesn't look like it. He did say that if it went well they would offer me a paid internship next year but that's not what im looking for.
I would ideally use this experience to get interviews for an analyst position at a better known boutique or even hopefully MM firm.
Just not sure if the experience would be taken seriously? I don't know, I'm very torn.
I want IB or ER so i know I need the experience. I guess the question at hand is do I think the experience I will gain doing this internshipnis will get me there and therefore worth giving up a paying job?
Agreed. The market is tough now and any relevant IBD/ER experience is great.
Would you risk potential months of unemployment (after the internship)? Is there a chance you could continue to stay on (unpaid or not) after the 2 months?
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