Prestigious Sophomore Summer Internships
What is the most prestigious sophomore internship for someone looking to go into Investment Banking?
What is the most prestigious sophomore internship for someone looking to go into Investment Banking?
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An investment banking internship.
Good point, but outside of Investment banking? Usually the folks who have IB internships are URM or phenomenal candidates at the top of the best schools (HYPW).
you can still get boutique internships. There are plenty of kids who get IB boutique internships at non-targets. If you don't think you can do it simply because your "too young" I wouldn't recommend doing Investment Banking
Fair point. But would you argue that a decent PE internship where you are doing actual modeling work is better? Or maybe even a VC firm, Credit Fund, etc.?
I had the crazy the opportunity to work for a boutique IB my freshman year. They then let me come back sophomore year, which was absolutely instrumental to getting my SA offer at a BB from a non-target.
Goldman sophomore IB, MS sophomore IB. knew a kid who did HL his freshman year in FIG but probably cause of connections
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I would say the person above was being overly harsh by saying you go to a shitty school. I go to a target where the most competitive kids always get top buyside sophomore internships. From what I understand, these places don't give looks to nontarget schools. This is out of students' control, so that's why I think it's unfair to respond so negatively. It's also possible the original comment goes to a target but is misinformed. Regardless, we are all here to help each other.
comment to OP: I would generally think of it as "buckets". Many people will do just fine having literally any relevant finance/banking experience for sophomore summer... but here are some of the buckets by selectivity/prestige:
any brand name buyside - Apollo, Blackstone, Oak Tree, Baupost, etc. I know all hire. The list is actually quite long and I can PM you a more exhaustive list based on what I've seen. I've seen people get in through girls who invest, personal connections, being a competitive student at target + networking, winning stock pitch competitions sponsored by the firm, and more
any brand name bank - a lot of BBs hire. Combo of competitive diversity candidate + networking or being a top candidate at your school + networking (the two are not mutually exclusive by any means)
any top buyside that is outside of what is considered the most recognizable names - think small HFs that manage less than 10 bn but if you google them could find a few good articles implicating they aren't so obscure or small that people on the buyside don't know them. A few (5 or so) have resume drops at targets
I would actually put MBB consulting or software engineer, etc. at large recognizable tech firms here. Not sure about the other two, but I know Mckinsey has a sophomore diversity program. I've seen sophomore internships at large tech firms but don't know how recruiting works. I would intuitively slot a software engineer at Google, FB over a no name boutique IB... Yes it's a different industry but your question is prestigious sophomore internships for someone wanting to go into banking. If you study for finance technicals. have finance clubs on resume, network well, I'm pretty positive Google > no name bank.
No name buyside and no name bank. I put it in same bucket because it will be case by case including factors purely outside firm reputation. Consider factors like structure of intern program, type of work for interns. Can get these through resume drops at targets and regional schools that are the same region as the firm. Can also get through cold emailing or connections.
Finance roles outside of above.
Non finance outside of above,
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Hi, thanks for the info! Could you please pm me some more info about sophomore opportunities?
Hey, would you be able to PM me the list for sophomore opps? thanks in advance!
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Hey, could you PM me a link to the first list as well? Thanks!l
Hey, Could you pm me the list as well? Thanks I really appreciate you doing this!
Advent & Vista both take sophomore summer interns from targets
Hey! Do you mind PMing the list of sophomore opps?
If you have a list and don’t mind, a pm would be helpful
Hey, if you could dm me the list, that would be awesome and I would definitely owe you one.
I'd also like that list!
this dude is unfortunately all gas, haven't received a list and doubt all of these firms hire.
hey would you mind pming the list or posting it here? thanks for the advice! very helpful
Could you PM me the list as well?
Hey, would you be able to PM me the list for the sophomore opportunities? thanks so much!
This might be a little late, but could you PM me that list as well? Thanks!
lol
would love the list, can you please pm it or post it. Thank you!
hi! if possible would love to also get pm'd the list! thank you!
.........
Hi, could you PM me a link to the list as well? Thanks in advance!
Pm list
Could you pm me with the list pls? Thanks
Thank you so much for your list! May I ask you is it possible for you to PM the more exhaustive list of buyside sophomore opportunities based on what you have seen? I am currently a rising sophomore. Thank you! Really appreciate it.
Summer Assistant to prestigious financier+politician like Hank Paulson / Timothy Geithner
You probably can't get one with incumbent
Perhaps a more unconventional "buyside" internship, but I've seen internships at a large institutional investor (pension fund, endowment, foundation, etc.) pan out pretty well for junior year placement.
Jokes aside you learn a lot and get exposure to PE/HF in a FoF like form because you are evaluating who to allocate to. Also can be really helpful if you can make a good relationship with the CIO which could potentially help you for buyside recruiting later on if you secure the banking role
hey, could I have the list? thanks a lot
What are people’s thoughts about MM IB internships during ones sophomore internship ? Think Jeffries, Gugg, Raine, Liontree, Ducera etc would that be a viable pipeline to recruiting for EB RX or Top BB’s ?
good luck getting those in soph summer
Very tough to get these as a sophomore unless you have a hook (i.e. URM, gender, etc.). The best paths to EB Rx that I've seen are credit funds, PE, and other debt related roles.
Also can do Management consulting internships at Big Four. They are structured programs that have clear pathways for sophomores
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