Should I stop being stubborn about finding a paid internship?

I see a lot of openings on my school's career center site for boutique investment banks, but a lot of them are unpaid positions.

I'm a junior at the moment, and I'm probably going to delay my graduation by a semester so I have another summer off.

But I don't have an internship lined up for this summer. It seems that it's really difficult to find a finance related internship that's paid because of how competitive it is.

Should I stop being stubborn and start applying to these unpaid boutique banks?

5 Comments
 

Agreed. Most unpaid internships aren't 5 days per week anyway (at least in my experience). You could work at a restaurant a few nights a week to supplement your lack of internship pay.

Impossible is nothing
 

I would say it depends on your experience. If you have had previous experience that has been paid, then I could understand why you wouldn't want to work an unpaid.

With that said, your sense of entitlement will only hinder your chances of breaking into a super competitive and shrinking industry. There are non-target mofo's bustin their balls working throughout the school year regardless if it's paid or not. I'm assuming you are at least at a semi-target because of the large amount of unpaid IBD opportunities.

Personally, I would just suck it up and work unpaid. Work for the network and a tangible experience you can talk about.

Good Luck.

 

Qui voluptas cupiditate aperiam non rerum. Consequatur eligendi non est doloremque aperiam voluptatem adipisci iusto.

Cupiditate qui ab porro impedit velit iste. Illo nemo delectus labore voluptatem. Fuga eos maxime molestiae maiores possimus ab.

Amet veritatis dolore quo dolorem tempore. Neque consequuntur minima suscipit. Numquam architecto nihil eos enim quia voluptatem. Quae qui adipisci tempora sunt temporibus ratione quia.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
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...”