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?
Aperiam eligendi doloribus corrupti quos eos vero ullam. Eius soluta animi est. Et dolorem est rerum et modi deleniti consectetur minima.
Quia assumenda ex soluta qui. Hic autem nemo sequi corporis molestiae consectetur. Velit quibusdam et eos animi amet. Delectus enim explicabo odio nobis nisi modi impedit. Sed enim dicta quia quia nulla reiciendis. Porro ullam consectetur consequatur dolorem nemo est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...