Wealth Management BB for Sophmore Summer?
Hello everyone. I'm a rising sophomore looking for something to do Sophomore summer, and as I understand it IB sophomore summer roles are primarily intended for those belonging to underrepresented groups (I am not), and are difficult to land even for those who meet the qualifications (don't worry, I'll still shoot my shot).
I can see that a lot of BBs do also have a good amount of sophomore summer WM roles however, and I'm thinking I might have some success applying for those. WM seems like interesting and a good place to be yadayada, but for whatever reason I'm looking to start my career in IB.
Does anyone have experience in applying for these BB WM sophomore spots? And making the very arrogant assumption that I could land one of these roles, would this be helpful for on-cycle IB recruiting?
Thanks.
Based on the most helpful WSO content, here's what you need to know about pursuing Wealth Management (WM) roles at Bulge Bracket (BB) banks for your sophomore summer:
Experience and Networking:
Impact on Future IB Recruiting:
Strategic Approach:
Community Insights:
In summary, pursuing a PWM internship at a BB bank for your sophomore summer is a strategic move that can enhance your resume and skill set, making you a stronger candidate for IB roles in the future. Networking remains essential, and considering opportunities at boutique firms can also be beneficial.
Sources: Sophomore IB internships (non-diversity), Advice For Sophomore Summer Internship, https://www.wallstreetoasis.com/forum/job-search/advice-for-sophomore-summer-internships?customgpt=1, Ask mbaMission about Business School Admissions, 2018 Sophomore Summer Analyst Recruiting Megathread Page
I did WM at a BB and then IB at a top BB the next summer, and then MBB full time. But I don’t think my WM internship helped me much to get the IB offer, I wasn’t even asked about it during my interviews. For MBB, I was also never asked about it
Why did you go from IB to MBB? Is consultancy even that different? I just thought it was pretty much IB with less excel and financial knowledge.
I recommend you look up one of the many threads on IB vs MBB. I switched from IB to MBB because of the better hours of MBB and because I didn't know what I wanted to do long term.
You might not have been asked about it, but I assure you it helped you stand out in the selection process (even to just get an interview). Why? Because all of these programs are signals to hiring mgrs and directors that another major firm with a competitive hiring process already vetted you. You already "worked" for a large entity and learned about playing within the corporate culture, were a good corporate citizen looking to get ahead, etc.
Nothing wrong with not having a sophomore summer internship and still working somewhere / doing something, but this will help you pass initial screenings.
Any role even in small boutique IB will help u more than wealth management
foot in the door at a BB would certainly help
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