What types of internships should you be looking for the summer after sophomore year for non-diversity. Just trying to get a grasp at what you should be looking for if you need a banking internship or something general finance.
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Following
bump
The specificity of the internship is less important than the story you spin. That said, the closer to banking the better.
A general rule of thumb for breaking into IB would be:
IB >= PE >= HF > = S&T > Corp. Bank >= Consulting > Corp Dev > Corp Fin >= Tech
And yes there are outliers. We all know working at Google is better than working at a random bank in Alaska
How would AM research be regarded in this order?
All of these rankings are contingent on the brand name of the firm. If you are doing AM research for a BB, it's worth as much as anything else. If you are doing it for a LMM shop, it's prob comparable to Corp. Banking
How would you differentiate between actual PE and a search fund?
Actual PE definitely better, but a search fund a great first step. If you want to break onto WS, you should try to build on the experience. That said, you should try to get as much possible out of your time at the fund. Additionally, the person/people running the fund likely has/have PE/IB/Corp Dev. experience that you can learn from and weave into your story. Also, try and tap into their network. One thing I would recommend is getting in contact with some of the MM bankers that the fund is working with for future job opportunities, advice, or just expanding your network.
Make sure you don't lie and say you are working at a PE shop when you are working at a search fund. It's pretty obvious if you are working at a Search Fund vs. traditional PE based on the name of the company and the experiences on your resume.
Facere sit deserunt quibusdam sed. Molestiae sed doloribus nesciunt vel dolorem voluptatem consequatur excepturi. Pariatur omnis incidunt earum ratione exercitationem et incidunt aut. Harum eaque est aliquam voluptas deleniti incidunt corrupti. Voluptas deserunt libero similique quis ratione fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...