Started internship in boutique Investment Bank (MBS/ABS). How to make the most of it?
Hi,
Long time lurker. I want to thank WSO for helping me get my foot in the door with this internship.
Background: top 30 school but non-target (top 10 in the nation for pre-med, engineering, CS, just not for business). Got an internship in a medium sized city (boston/seattle/baltimore).
Unpaid internship for the next 2 quarters. I have a financial analyst internship for this coming summer (think GE/CapitalOne/Boeing/Amazon/GM).
What the shop is (to give a little info) is a buyside investment bank. They act as agents; don't take anything on principal or for portfolio. They connect buyers and sellers. Because I am under an NDA, I can't say the clients, but they are all the major banks on the street as well as all the major PE firms that have a DCM or SpecOps (special opportunities division).
Now, my dilemma is that although I always wanted to go into investment banking (don't we all?), I always thought I would end up with an industry group, versus a products group. I have nothing against working here; the work is actually interesting.
Now onto my question; how can I leverage this internship to benefit me in the long run? I'd love to work in ABS/MBS, just not in my city but in NYC definitely. I already have an internship lined up for this summer, but what else can I do to help me in my search for next year? Any books I should be reading on the subject?
How to get the most out of my Summer Boutique Internship? (Originally Posted: 06/04/2012)
So I landed a summer internship at a small boutique in New York that is relatively new and small 10 people. However, it was the best offer I could get and am looking forward to the experience. I also attend a semi target and am a rising junior, so I feel this experience can help me greatly for SA next year.
Basically my question is what should I be doing to get the most out of this experience?
After going over the program it seems like there is no valuation or modeling, is this something I should ask for? and is this something that is necessary to get the most out of the experience?
How should I approach doing that and what other things should I look to do to make this experience help me the most?
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