Is an in-person IB Fall Internship worth it for SA 26?
Hey all, I have the opportunity to work at a LMM IB firm in a Tier 2/ Tier 3 city where my semitarget college is. I'm gunning for a top IB firm and then MF PE ideally. They've done a few public transactions in the $100mm+ range and I'd get pretty tangible experience working on $5-50mm deals, CIMS, slide decks, etc.
The internship expects 20+ hours a week in-person, and the commute would end up being around 1 hour total unless I uber back and forth.
What is everyone's perspective as far as how impactful this experience would be relative to the time I could be spending networking/ learning technicals/ homework/ being a kid in college? I have done two LMM PE internships already so definitely not missing finance experience, but I also don't have a great story/ explanation for "Why IB/ Why not PE?" in my interviews.
Appreciate any perspectives offered – thanks!
Based on the most helpful WSO content, here are some key points to consider regarding your situation:
Networking Importance:
Experience Value:
Balancing Commitments:
Previous Experience:
In-Person vs. Remote:
In summary, while the in-person IB Fall Internship offers valuable experience, you need to balance it with your other commitments and ensure you have a strong narrative for your career choices. Networking and technical skills are also crucial for your future goals.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/4-big-picture-things-i-shouldve-known-before-my-ib-internship-covid-19?customgpt=1, Thoughts now that we’re getting close to end of internships?, https://www.wallstreetoasis.com/forum/investment-banking/thoughts-now-that-were-getting-close-to-end-of-internships?customgpt=1, Two Internships Later: What I wish I Knew While Recruiting! (Toronto), 7 Tips for the Boutique IB Summer Stint
bump
Depends on if you’re at a target or not imo. Target - not even worth it, just grind the clubs, and keep the GPA high, and do a finance thing in the sight with less hours - search fund.
Non-target - this is the way to do it!
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