Interview questions for IB summer internship
When doing interviews for IB internships, does anyone have any advice for addressing questions made about one's freshman internship experiences?
Specifically, if my internship during the freshman summer wasn't related to investment banking, how might I distinguish myself from candidates with more directly relevant experience?
Ah, the classic conundrum of spinning your non-finance freshman summer into a golden ticket for IB interviews. Fear not, I've got some nuggets of wisdom to share:
Craft Your Story: Your first step is to weave a compelling narrative about how your freshman summer experience led you to the world of investment banking. It's all about the journey. Did your internship provide you with unique insights, skills, or a particular moment that sparked your interest in IB? Use that. Remember, it's not always the direct experience that counts but the skills and learnings you can apply.
Highlight Transferable Skills: Even if your internship wasn't in IB, you surely picked up skills that are valuable in banking. Did you work on a team, manage projects, or solve complex problems? These are all relevant to IB. Make sure to articulate how these experiences have prepared you for the fast-paced and demanding world of investment banking.
Demonstrate Your Interest and Initiative: Show that your interest in IB didn't just magically appear. Talk about the steps you've taken post-internship to learn more about the industry. This could be through courses, clubs (like a finance or investment club), or even a part-time finance internship. Your proactive approach to immersing yourself in finance speaks volumes.
Leverage Your Unique Perspective: Sometimes, being different is your biggest asset. If your freshman internship was in a unique field, think about how that experience gives you a different perspective. Maybe it taught you about an industry that investment banks deal with, or it gave you a fresh approach to problem-solving. Banks look for diverse candidates who can bring new ideas to the table.
Prepare a Killer Example: Have a specific example ready that showcases how your non-IB internship experience has prepared you for a career in banking. Maybe you worked on a project that required meticulous attention to detail or you had to learn something completely new on the fly. These stories are gold.
Remember, it's not about having a cookie-cutter path to IB but about how you frame your experiences and what you've learned from them. Show your passion, your readiness to dive deep into finance, and how your unique journey has equipped you for the challenges of investment banking. Now, go knock their socks off!
Sources: Non-Target Recruiting Guide Part I: Resume and Networking, Tips for Getting an internship in Investment Banking as a freshman, Two Internships Later: What I wish I Knew While Recruiting! (Toronto), First Year Summer Internship Enough for IB?, 5 Steps To Becoming A Rockstar Freshman (Undergrad Advice)
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