Unpaid sophomore summer IBD internship at small banks
What do people think of opportunities like this? Is it normal / would you typically be given legit tasks?
What do people think of opportunities like this? Is it normal / would you typically be given legit tasks?
+970 | Bank of America - Juniors Strike to start Monday May 6th | 126 | 32m | |
+557 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 72 | 3h | |
+324 | This is a dark day for Wall Street. | 33 | 2h | |
+154 | Investment Banking US League Table YTD 2024 (FactSet) | 85 | 9h | |
+147 | Big Layoff at Barclays - 5/1/24 | 85 | 13h | |
+90 | “Americans just work harder” | 54 | 5h | |
+83 | Would comitting to ATL İB be stupid? Please give feedback. | 45 | 3d | |
+69 | Sleeping on Jefferies??? | 35 | 6h | |
+60 | What's up with RBC nowadays? | 28 | 2h | |
+58 | BofA List | 7 | 4h |
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I did a sophomore ib internship. The tasks were ~30% BD/sourcing/locating emails for corp dev at various tech companies, 50% PIBs/sell side books, and 20% modeling. We'd have a Friday "lesson" where a VP would lead a short lecture on a topic we wanted to learn more about (IPO timeline, building a DCF, how to do a paper LBO, etc.).
I did an unpaid LMM IB internship during my junior year before my summer internship so kind of similar. I didn’t learn that much that was very applicable. All the valuation I did was mostly punching numbers into templates and a did a bunch of dumb biz dev work. Basically I fucked around and was shitty intern but it gave me a lot of soft skills that helped a lot in my internship (or made me realize I needed to work on them before my internship): communication with deal team, attention to detail, organization, etc
My first reaction was wow, what a shit intern, but then I realized that was basically me lmao
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