Non target and Life Insurance Internship

I am attending a non target university and will be interning this summer in NY with a Life Insurance company. I am a senior with a 3.3 gpa and want to get opinions on my chances of getting an entry level analyst position or what can I do to condition myself for an interview?

10 Comments
 

Sounds like you're about to waste your summer. No kidding.

Tell us about the company and your job description.

in it 2 win it
 
gstackle32
Warrior28Internship with NorthWestern Mutual working beside a manager

Don't do it bro. We've all heard the NWM sales pitch and it's straight bs...you'd be 1000x better served getting an unpaid internship somewhere else.

Any suggestions to getting an IB offer or networking with IB professionals?

 

Exactly what I expected. That's called retail finance, and it will hurt your chances of winding up anywhere near ANY career on Wall Street, and tremendously so. Use the search function and look up NWM and all the other insurance sales gigs.

It sounds like you have a bit of research to do; while you're looking up the reasons for insurance sales being shit jobs, also check out options for graduating seniors who don't have relevant experience (there are actually many).

in it 2 win it
 
FSCExactly what I expected. That's called retail finance, and it will hurt your chances of winding up anywhere near ANY career on Wall Street, and tremendously so. Use the search function and look up NWM and all the other insurance sales gigs.

It sounds like you have a bit of research to do; while you're looking up the reasons for insurance sales being shit jobs, also check out options for graduating seniors who don't have relevant experience (there are actually many).

Any suggestions to getting an IB offer or networking with IB professionals?

 

To save you some time, here are some of the reasons I can think of immediately:

  • It isn't Wall Street
  • It isn't analytical work
  • No one on the Street respects those jobs
  • You WILL burn bridges. If they haven't done so already, they'll ask you to sell insurance to your family and friends
  • You won't have time to network or learn anything useful on your own
  • You'll be paid shit
  • The experience, even at the end of the summer, won't help you with recruiting on Wall Street
  • No one on the Street respects those jobs
in it 2 win it
 

Personally, depending on what city you're in, I'd start blasting out applications and resumes daily while contacting as many people as possible and setting up informational interviews and lunches.

However, you want to ameliorate one big problem: it sounds like you don't have much knowledge about the industry. Knowing that insurance sales is crap is a baby step. You need to read up on what the different jobs are and what role they play so you sound credible. The last thing you want is to sound like a tool in front of a prospective connection.

in it 2 win it
 

unless your 100% set on breaking into high level finance id recommend you stop reading... you never want what you dont know

go on living life as an insurance salesman and dont regret it just cause some bankers judge you. some people just arent meant to go this route

 

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