IB internships for post graduate foreigners

Based on the most helpful WSO content, here are detailed insights and answers to your questions about pursuing IB internships and full-time positions in Frankfurt as a foreigner:

1. Chances of Obtaining an Internship at FSFM with Limited German Speaking Abilities:

   • It is possible to secure an internship in Frankfurt without fluent German, especially at international firms or bulge brackets. However, proficiency in German can significantly enhance your chances, particularly at local firms or smaller boutiques.

2. Timing for Internship Search:

   • Start networking and looking for internships well before your program begins. Ideally, begin networking as soon as possible to secure an internship for the summer after your first year. This proactive approach is crucial for securing opportunities.

3. Networking in Frankfurt:

   • Leverage LinkedIn to connect with professionals in the industry.
   • Attend finance-related events, seminars, and workshops.
   • Join finance and investment clubs at FSFM to build connections.
   • Utilize alumni networks and reach out to FSFM graduates working in IB.

4. Importance of German Fluency:

   • While not always mandatory, German fluency can be a significant advantage. For internships and full-time offers, a minimum of B1 level proficiency is often recommended, but higher levels (B2 or C1) are preferable.

5. Networking in Europe vs. US:

   • Networking in Europe might not carry as much weight as in the US, but it is still important. In Europe, formal applications and academic credentials are often given more emphasis. However, building relationships through networking can still open doors and provide valuable insights.

6. IB Recruiting Process in Germany:

   • The recruiting process in Germany is structured and competitive. It typically involves multiple rounds of interviews, including technical and behavioral questions. Networking, strong academic performance, and relevant internships are key factors.

7. IB Deal Process in Germany vs. US/London:

   • The deal process in Germany may involve more regulatory and compliance considerations due to stringent local laws. The market dynamics and client interactions can also differ, with a stronger emphasis on relationship-building in Germany.

8. IB Hours in Frankfurt Compared to NY or London:

   • IB hours in Frankfurt are generally demanding but may be slightly less intense compared to NY or London. However, this can vary depending on the firm and specific role.

9. Additional Considerations:

   • Consider the visa and work permit requirements for staying in Germany post-graduation.
   • Research the specific firms and their hiring practices in Frankfurt.
   • Stay updated on industry trends and developments in the German financial market.

By addressing these points, you can better prepare for a successful transition into the IB industry in Frankfurt.

Sources: Is target MSc Finance still possible in my situation? (Bocconi, HEC, LSE, HSG....), International Student - Chance of getting an IBD internship in London?, English speaking IB internship in Frankfurt?, 20 Most Frequently Asked Questions - London Edition, Q&A: Broke into MM M&A from a non-traditional background and 2 years of networking and internships