Should I take an unpaid internship?
Hi,
I've been looking for a way to break into Wall Street as soon as I graduated last year January with 2 bachelors in finance and marketing. I've worked in market research in logistics. Now I'm in a bank as a personal banker.
Since I need the money I took jobs that required my degrees.
I'm offered an unpaid investment banking internship With a boutique firm on Wall Street.
Would it be a good idea to leave my steady paid job to do that unpaid internship? Will it open my doorway?
If you can support yourself then it is a great idea! Breaking into the industry is no low hanging fruit. It's tough. If you're given the opportunity even it is unpaid, then take it. It will only help. I know a guy that took an unpaid internship for a boutique shop in Palo Alto. After just months he got this bank that doesn't take any analysts to pay him in a rare FT slot. It's definitely worth it. I can't do it mostly because there is not really any way for me to support myself while not getting paid to work
I would strongly consider it an option if you can manage the financial burden. It's quite hard to break in at all.
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