I will be attending a top LAC in the fall and I am interested in pursuing Ibanking. I realize that most internships are open to those who have just completed their junior year. However, I'm wondering if there are ANY opportunities for those who have just finished their freshman and/or sophomore year. JPM has a program that is open to freshman and sophomores; is that the only bank with such an internship?
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Try the racistROAD program if you are a minority. It's a dawg eat dawg world.
If you are freshman, you would be better off doing something else with your summer. I'm not trying to patronize you here so don't take it wrong way. Intern at a non-financial company, do community service, have fun.
JPMorgan Honors Program is what you're talking about. Someone mentioned INROADS, or their competitor SEO
My friend interned at MS (PE division) as a sophomore. He was unusual in the sense of having the ability to be top math/econ grad school material if he wanted.
Unless you really want IB, do something else during your summer. IB summer internships are just as stressful as full-time IB; they don't put on the kid gloves.
JPMorgan has something called the Honors Program.
Thanks for the advice, everyone. I think my main reason for trying to get an internship freshman year is that if I absolutely hate it, I'll know right away and not after two years of having planned something out that just is not going to work. I'm not sure if that makes any sense, but I guess it's just better to know sooner rather than later if/how much I hate it.
JPMorgan's honror's program is pretty hard to get in. Try to intern at a big name - like your local IBM, HP, Bank of America, etc even if it's a bs job. If you live around DC there's plenty of summer internship jobs.
If you are not white you can try something called inroads
Or just take 2 months off to aruba or hawaii... maldives is extremely beautiful too.
Maldives...see it before global warming swallows the place.
Spend the summer studying abroad
Maldives? Hadn't heard of it, I'll have to add it to my list.
Back that ass up: How hard, exactly? Basically, what GPA should I have (that's a tough one because I'd only have one semester and a few weeks of the other) in order to have a good chance? I imagine it's above the 3.5 that they advertise...no?
are for the blacks/mexicans/etc. I would imagine that as you are a top LAC student you are none of the above. This applies even to JPM's program.
But at the same time, you'd be surprised what you can find as a sophomore. Some lower-MM banks will let you work there. Or try a less selective division of a major firm, like equity sales at GS.
Honestly, it's not a big deal what you get as long as it's something that can be spun as a job in the "finance" world. To the person who told him to do comm service: you are a blithering fool, and if this kid is going against people who interned at MS PE their sophomore year, then he had better have something on his resume.
come on. come on. You
Have fun after your freshman year. Study abroad and international experience is increasingly looked for in applicants.
dont do the ib internships till you have to. enjoy your life while you can
It is possible but very tough to get an internship at a bank as a sophomore. I was able to do it, but my hit rate (of interviews to rejections) was around 1 in 10. I only tried for smaller banks though.
For the benefit of us non-Americans, would anyone care to explain American degree year terminology (ie sophomore etc)? Thanks! :)
1st year = freshman
2nd year = sophomore
3rd year = junior
4th year = senior
5th year = pothead or fuck-up
I like that 5th year description. ;)
i know a couple boutique banks in SF that hire sophomores for night analysts. Also, a friend who was a sophomore got an internship with bulge bracket bank but he was one of maybe 5 sophomore interns in a summer analyst class of around 180.
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