Intern during last semester before starting IB Analyst program ?

Are you serious?

Why would you even consider doing that?

this makes no sense, obviously you shouldn't do this

well yeah i agree it sounds pretty excessive BUT... just to play devil's advocate (and by no means am I saying this is what you should do)

If you've managed to build some sort of rapport with those guys over there, it never hurts to nurture that relationship a bit more. Keep a positive attitude, work for free (the money won't really be an issue the next two years now will it?), and come time to apply to the MBA - well, guess who will be willing to write you a solid recommendation if needed?

Also - it really never hurts to cultivate a far-stretching network.

I think you listed some solid benefits, but the cost analysis is WAY skewed.It running full speed right at the beginning of a marathon, it might get you slightly ahead, but on mile 13 of your BB analyst stint, you are going to be feeling it more than the others. Get laid have a life. Relax. The end of your social life will come soon enough.

^ Truth man.

Although, to be fair, one of my friends is finish a college an early semester, secured BB Offer at Tier-1 GS/MS/JPM. Flying halfway across the world to work at an emerging markets PE firm for 6 months starting in January.

I can't say that I'm not a tad envious.

Thanks guys. Good amount of food for thought. The people at the firm are quality people and I have developed a good relationship with them. The value-added from the internship could be to continue cultivating those relationships in addition to being exposed to what ever deals they might have going, working on pitchbooks and researching companies with which they are in "discussion". I didn't do any financial modeling and they didn't have any deals in engagement status during my internship. I must add that the IB is not the main focus of the firm, but instead it is their fundraising line of biz.

From what you guys are saying, I get that it's basically not a good investment of my time to take it on.

Thanks

The last thing you should be worried about right now is financial modeling - you will be have plenty of chances in your 2 yr stint selling your soul to the devil. You obviously worked your ass off to get the job, now sit back and enjoy yourself kid. No one at your bank is going to give a shit if you did some unpaid bullshit intership that added no value. You want to to something useful? Volunteer at the Boys and Girls Club. As Gekko said above, the end of your social life is near (maybe you don't have one now, but you better fuckin find one soon).

What you should be worried about now: - Buying Four Loko while you still can (Disclaimer: I hate the shit, but it sure as hell provides an excuse to do crude and awful things) - Banging more chicks than is probably normal or healthy - ENJOY YOURSELF - go on vacation, spend time with the people you care about.

Another Question:

If I don't do the internship I was thinking about taking a SIXTH class, which will be a course on derivatives. I haven't studied options and futures, and this will cover that and more. Will studying this subject be worth the pain of taking on another class? Does understanding derivatives have any relevance in IB?

Why would you take a class on derivatives if you accepted an offer in IB? Unless I am mistaken and that offer is S&T? Perhaps clarify what you will be doing at this BB and we can be of more use.

Don't take an extra class, fucking enjoy yourself. If you really need to be doing something with school, study for your gmat and take the gmat before you start work. Take 18 units for the fun of it?

JimmyDormandy I will be doing Advisory/M&A not S&T.

@ DPG - don't waste your time on the derivatives class. You can teach yourself the majority of what will be done in the class. Instead - keeping your GPA up - ENJOY yourself! you have the offer....get drunk and run train

DPG - you'll have plenty of time to learn modeling and hate life when you're working at 3am. You'll never have this kind of freedom again - have fun, hang out with friends, take up new hobbies, and before you join the BB in mid-summer, take the opportunity to travel.

I think the overwhelming consensus here is don't do anything that will lead to your hating of life. You've got plenty of time to do that when you're in your cubicle for 36 hours straight next year hahaha

Also to add to prev comment - if you REALLY want to do something to add to your resume before FT, you can use this free time to pursue volunteering or leadership-related activities (in case you want to pursue B-School afterwards). Again, you'll be hard pressed to find free time once you're working to commit to extracurrics, so this is another alternative.

If you want suggestions - maybe consider looking at microfinance volunteering opps. Some allow for short-term "internships" in developing countries. Now you get to travel too. 2 birds with one stone.