Summer internship at Berlin: A good idea?

Based on the most helpful WSO content, taking a summer internship in Berlin can be a strategic move, but it depends on how you position it and your long-term goals. Here are some key considerations:

1. Pros of Interning Abroad:

   • Unique Experience: Interning in Berlin sets you apart from peers who have only worked domestically. It demonstrates adaptability, cultural fluency, and the ability to work in an international environment—qualities that are increasingly valued in global finance.
   • Language Skills: Your fluency in German and experience in a German-speaking market could be a significant asset, especially if you aim to work in European markets or with firms that have a strong presence in Europe.
   • Networking Opportunities: You’ll build connections in a different market, which could open doors to opportunities in Europe or even globally.

2. Potential Concerns:

   • Perception by U.S. Firms: While U.S. firms generally value domestic experience, the key is how you frame your Berlin internship. Highlight the transferable skills you gain, such as deal exposure, cross-border transaction experience, and working in a diverse team.
   • Recruiting for Junior Year: If your goal is to secure a junior summer analyst (SA) role at a BB/EB in the U.S., ensure you stay proactive in networking with U.S.-based professionals during your Berlin internship. Attend virtual events, maintain LinkedIn connections, and leverage your school’s alumni network.

3. Actionable Advice:

   • Leverage the Experience: Focus on gaining as much deal exposure and technical experience as possible. Even if the boutique is not a big name, the skills you acquire can be a strong talking point during interviews.
   • Stay Connected to U.S. Recruiting: Keep an eye on U.S. recruiting timelines and participate in any virtual coffee chats or networking events hosted by BB/EBs.
   • Highlight the International Edge: When applying for junior SA roles, emphasize how your international experience gives you a unique perspective on global markets and cross-border transactions.

Ultimately, the Berlin internship can be a great opportunity if you approach it strategically. It’s not about where you intern but how you leverage the experience to position yourself for future roles.

Sources: Working Abroad in Investment Banking, Breaking Into Banking: Your Timetable is Everything, London IB Summer Internship Discussion 2018, Freshmen: What to do during your freshman year summer, 43 Diversity Recruiting Programs at Investment Banks - The Most Exhaustive List