Picking an internship

I am currently a sophomore at a semi-target and am aiming to get a SA position in IBD for 2021. However, before recruiting starts this spring with bulge brackets, I want to have my summer 2020 internship secured. Is it worth it to work IBD at a middle-market bank unpaid (which is also 4 hours from my house meaning I have to relocate). I don't currently have any other offers but I have a decent gpa and should be able to find something else, although not as relevant as the middle-market bank. Basically am looking to weigh the pros and cons. Any advice is appreciated.

 
Most Helpful

Yes, take the MM opportunity.

Think of it this way - if you do the internship this year and get a 2021 SA offer, you're not going to wish you hadn't done it as you'll gain useful experience and it will help with interviews.

However, if you don't do this summer and don't get something next year, you'll for sure regret it.

Array
 

Cumque reprehenderit commodi voluptate explicabo et iusto voluptate. Dolores eos eos aut velit sed. Est voluptas non assumenda dolorem aut voluptatibus quo.

Corrupti in ipsam cumque at et neque alias. Quasi dolores veritatis doloribus rerum assumenda et. Consequuntur nesciunt aut saepe harum.

Quod doloremque fugit ad autem ut et. Tempore quae animi magni molestias. Et magni incidunt quas repudiandae saepe error inventore soluta.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”