How the fuck are all these rising college freshmans getting summer internships for 2021

I have seen 10+ people in my LinkedIn network or close friends somehow get an internship at a boutique or a wealth management firm for this year (the summer before freshman year).  I dont know if this is unusual or the new normal... either way im kinda lost what i should do during the summer.

My plan is to work at a restuarant with my boys in the morning-afternoon and then go party/ road trips. However, I really dont want to be that one kid that shows up in the fall without doing anything productive.

P.S ending up at a semi-target? Alot of kids end up IB

34 Comments
 

I got one at a lmm Pe firm before I started school it was great leveraged it to work at a boutique IB freshman year and now I’m headed to a $35B alternative assets firm my freshman summer. I’d recommend doing it if you can it really helped me.

 

I attend a top target: HYP. Contrary to popular belief, the only kids who landed these kinds of internships as freshmen had connections or were diversity (SEO, etc.). Even at targets, this isn't the norm. 

 

Sick of this kinda advice. Honestly you can never be too far ahead. Kids start research projects and leadership development shit in 9th grade to get into targets like HSW. If you wanna do IB there is no reason not to start learning and preparing early. You can still easily enjoy your youth. I had an internship following my senior year and it has done nothing but help. Sorry for the rant but really just wanted to tell everyone to buzz off about ambitious kids. 

 

its one thing to be ambitious, its another thing to be WAY too fixated on your career. Enjoy the one summer you have off, because you are gonna be grinding afterwards. Sure, look at some guides and do some prep here and there, doesn't mean you need to do a boutique IB internship in preschool and a BB in kindergarten. Be ambitious, but enjoy times when you can.

 

I'll follow up this guy's take with something a bit more mild. I think it's still pretty easy to do some random PWM internship throughout your freshman summer and still have a lot of time to have fun. My freshman summer I did a small PWM internship for like 6 weeks just to get something on my resume and spent the rest of the summer traveling with friends. Now obviously if you can't get anything, that's also fine. It's freshman summer and you should definitely take advantage of your last bit of freedom.

 

Okay. I took your advice and am working at Ben and Jerrys with my friends/Golfing and working out 24/7.

I know the recruiting process is much more accelerated, I was wondering do you have any advice on how I should navigate my freshman/soph year to be in a solid position for a top BB/EB?

 

Academic club to get in the mix with kids with similar ambitions and to make an easy connection with alumni in the industry.

Social club/sport to be a real person (have fun, socialize, gain life experience). People in banking don't like talking to people who lead boring lives with their free time, we're all jealous of your freedom and want to experience it vicariously. 

It's pretty simple: get in the mix on campus, be well rounded, and keep your head on a swivel.

 

Thank you for the advice. Somebody above said that I should network early. If you were/are/going to be an analyst on the street. Would you take somebody seriously if they networked before entering college? What's ur take on networking?

 
Most Helpful

Dolorem doloribus est qui totam maiores qui recusandae. Sed ipsa atque sunt assumenda ratione sit harum aliquam. Dignissimos nobis rerum recusandae.

Dolorum iure excepturi corrupti similique non magni dolor molestiae. Reprehenderit quibusdam aspernatur animi alias maxime quod error. Perferendis non rerum non eum error eum doloribus est. Aut neque praesentium possimus sed.

Non nesciunt distinctio dolorem natus distinctio. Nobis aspernatur voluptatem fugiat dolores ut. Nam omnis consequatur asperiores repellendus eius blanditiis. Delectus incidunt omnis consectetur et. Qui autem impedit deleniti dolor. Voluptatem reiciendis aut temporibus vero ipsum.

Est nihil tenetur non doloribus. Deleniti qui occaecati ipsam velit molestias qui veritatis. Ea quas sit occaecati sunt nostrum. Fugiat laboriosam aut et veritatis. Ut qui corrupti molestias qui consectetur libero tenetur.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”