What are some name-brand banks that hire sophomores?
What are some name-brand banks that hire sophomores, excluding the bulge brackets?
I'm especially interested in MM tech, and have firms like Berkery Noyes and Petsky Prunier on my list. I'm also targeting places like Jefferies, PWP, Piper Jaffray, Stifel, ect.
Anyone know of firms that have taken sophomore summer interns? Are elite boutiques worth applying for? I'm considering not targeting BBs because I'll be applying junior year anyway - is it worth the stress to apply sophomore year?
Thanks in advance for help.
Apply everywhere, there's no reason not to. BBs will take sophomores, but the programs are extremely competitive. I know there were sophomores at GS, MS, BAML, and Citi this past summer, can't speak for the other firms. JEF didn't have any sophomores to my knowledge.
Allen & Co. is a great place that hires exclusively sophomore interns from my school for its summer analyst program.
@"Golden Valley" I have heard that Allen & Co. doesn't really hire outside of their network. I'm guessing I don't stand a chance, even though I am at a target.
@"ars23" Thank you, do you know of any banks that have hired sophomores? Do you think it's worth the effort of applying to places like GS / JPM as a non-URM / LGBT candidate? They take so few sophomore interns (most of whom are female / URM) that it's a huge deterrent.
Allen & Co. hires from all Ivies from my knowledge. If your target is an Ivy, it should be in your career center.
Also don't count yourself out for BB. I did a BB this past summer as a sophomore intern and was able to network my way into IBD for junior Summer.
I can't speak for other firms other than the ones I've mentioned. I'd start networking everywhere, including your GS / JPM and wherever else, and see who can help you out. Yes, it's going to be extremely difficult if you don't qualify for some of the programs you've mentioned, but not impossible. I personally know people who were able to land soph summers at JPM and Citi after MANY informational interviews and office visits.
You're a sophomore, it's going to be a numbers game at the end of the day. Even if you can't land a position like this, you'll have (hopefully) built a great network of people who could help you out when recruiting comes along again in your junior year.
try Boutique/MM IBD or BB PWM
Unfortunately I don't attend an Ivy, and I'd like to target FO IBD positions... thanks for your insight.
Does anyone have more suggestions?
From my limited experience it seems like most sophomores that get IBD internships are either URM/LGBT, or extremely well connected.
GS hires sophomores from non-targets
Apply everywhere. PWP doesn't take sophomores from what I can remember from my time recruiting for IB.
Do these firms hire sophomore summer analysts? (Originally Posted: 10/11/2014)
I'm looking into these firms for sophomore summer internships:
Not sure if they would take / consider sophomores: - PWP - Raine Group - Jefferies - Piper Jaffray - Stifel - Oppenheimer - Imperial Capital
Pretty sure they would but need confirmation: - Petsky Prunier - GCA Savvian - Pacific Crest Securities - JMI Equity
Any insights, anyone? Thanks a ton in advance.
PWP for sure. I've heard Jefferies does for sure. These are tough jobs to get, though. You'd better have a stacked resume and strong network.
Thanks a ton guys, bump.
Any word on the other firms?
Banking groups hiring sophomores (Originally Posted: 09/22/2012)
Does anyone know of any I-banks taking sophomores the summer before their junior year?
Elite boutiques don't partake in hiring sophomores, but BBs and Regional Boutiques do for sure.
Bulge brackets take sophomores? What?
I asked this same question earlier. Short answer is no, there aren't any banks actively searching for non urm/lgbt/women sophomores but it is possible to break in if you have your technicals down and if you have good prior work experience. Networking obviously helps, but there is just a crazy amount of competition out there so unless you have a close family friend MD willing to help - it seems like getting your resume passed in internally is the ONLY way to even be considered for anything let alone have a better chance against the legit competition who will have all networked anyway.
It's extremely hard to get into a BB as a sophomore. Also, have you tried Lazard and Moelis?
Okay. Well, I'm interning at a reputable mid-market PE firm now if that helps.
it is not so hard to get into BB as a soph..
make some calls, grow some balls
have an unique approach and show that you are a good kid.
u must be able to offer more than people you compete for the position with, or you dont have a realistic chance
I know a kid who interned at Citi as a sophomore. I don't know if it was through connections or not, but he did it.
Sophomore programs at banks (Originally Posted: 10/25/2009)
I've been trying to figure out which banks have sophomore programs (both URM and non-URM), and it's been much more difficult than I expected...it's like these banks don't even want you to apply...
I've searched this forum and some of the programs mentioned aren't even on the banks websites (UBS President's?). Other times, the website just gives some vague BS like "contact your school's career center for more information."
Should I just e-mail recruiters directly asking about these programs?
I think it would be really helpful if people could list some sophomore programs that they are aware of. I know Barclay's has one, Citi has a diversity program but their application isn't even up yet ("check back for application"), JPM and MS both say to contact your school's career center/career services.
Citi also has a regular sophomore rotational program, but when you try to apply (http://www.citi.com/Citigroup/graduaterecruitment/txt/soph.rotate.pdf), the directions don't work...probably because they were for 2008
Applications for the summer usually open up in November. JPM: Honors UBS: President's MS: IB Rotational Citi: Rotational - I believe. GS, CS, and UBS also have one-week programs for sophomores.
I think DB might have one, but I'm not sure.
CS: Doug Paul Scholars
DB has one, I was pissed when I came across it this year looking for a full-time gig (2 years too late). Just block off a night to hit up websites for 20 investment banks and see what you can find. Probably a smart move to get your name out there now.
CS: Wall St. Immersion Program is the non-URM -> Doug Paul is more for URMs
True but isn't the immersion just the week long thing or am I confused?
WHat is the DB program called?
Yeah, immersion is week-long, thats true. I'm not sure if the OP was looking only for full-length summer programs or including week-long ones. GS does a week in the spring for sophs in both IBD and Securities as well, while immersion is in late May iirc.
Sorry guys, but what's URM?
DB doesn't have a soph program but they do accept the occasional sophomore (from connections, etc) but not through any formal recruiting process
Yeah I spoke with HR and this turns out to be true, the only formal thing DB has going for sophomores is a 3-day thing in May.
URM = Under-Represented Minority... aka not Asians
stands for under represented minority
Citi's program for sophomores didn't exist last summer... due to the downturn.. let's see about next...
Citi's program for sophomores didn't exist last summer... due to the downturn.. let's see about next...
I think it did exist last summer, but is not in effect this coming summer.
Which I-Banks offer non-diversity sophomore programs? (Originally Posted: 11/30/2014)
Title says it all.
BAML
Don't be such a useless shit and use google. They aren't hiding the programs.
bump^ some are just not easily found on google
Working at an ibanking consulting firm sophomore year? (Originally Posted: 04/04/2008)
Would working in an ibanking consulting firm the summer after sophomore year be a legit way to spend the summer if I'm hoping to get an i-banking internship the summer after? Basically I'm asking if I should not be working in consulting this summer.
Thanks
what is "ibanking consulting"--and i cant possibly imagine that it would hurt you as long as its real...
BB Commercial Banking Internship for Sophomore (Originally Posted: 01/27/2014)
Can anyone please offer some opinions or things they've heard about commercial banking at a top BB? I've read that it is very similar to MM IB, which seems like a great opportunity for a sophomore summer internship. Unfortunately, I haven't found too much other information regarding this particular division, and the opportunities it can lead to in the future. Would it be a good stepping stone into IBD? How would it compare to something like a boutique IB internship, Big 4 TAS, or a F500 Corp Fin internship for a sophomore looking to get into IBD junior summer?
Thanks in advance
yes, do it
I think if you're at a target, it doesn't matter. Accept any decent sophomore internship and focus on other things such as networking, leadership positions, and etc. If you're at a non-target though, I think the BB commercial banking experience will help you stand out.
any bank recruiting sophomore interns? (Originally Posted: 10/12/2012)
I am a sophomore at a target(think Duke) and want to intern at IB this summer. Is there any bank recruiting sophomore interns? Most of the banks I contacted said that they only hire juniors.
Thanks monkeys!
Bank of America, Goldman, JPM all have programs for sophomore interns, though most of them are diversity. Barclays and BNP, I believe, allow sophomores to apply to the same opportunities that they allow juniors to apply to, so you will have to compete against juniors.
In general, you're going to have to network and look at smaller banks, especially ones with less structured processes.
they all do. you can network your way in, i'm sure from duke you'll have no problem getting in, assuming you network aggressively enough.
Yeah like others have said. Try starting out at smaller firms, then working your way up! Believe me I was at this really small firm, doing MD work and I was only 20. It's worth it. Start small finish big.
Thanks guys. Just wondering: what are the deadlines for most banks? I am afraid I don't have enough time to network this year...
IBanking Internship Sophomore Summer... possible? (Originally Posted: 09/05/2007)
I'm a sophomore at a non-HYPSW, targetted school. Modest 3.8 GPA, soft Econ major. How hard is it to get an IBanking internship the summer after sophomore year? Or is it impossible without some sort of ridiculous hook (which I certainly do not have)?
Any suggestions as to what firms/division to apply to would be highly appreciated and tips for getting in would be extremely appreciated.
Extra bonus question: Do SAT scores mean anything for IBanking internships, and if they do, to what extent?
Some Investment Banks ask for your SAT scores...I think they just want to know you're not a moron...I think its funny when they say it is used to gauge your quant abilities considering that all you need to know is how to add, subtract, multiply, and divide in investment banking.
Those are also the same quant skills you need on the SAT.
But what about the internship?
"Any suggestions as to what firms/division to apply to would be highly appreciated and tips for getting in would be extremely appreciated."
Better chances at smaller banks, lesser chances at larger banks. No division would be easier to get into. Best bet is to reach out to alums who would be willing to help you out.
"Extra bonus question: Do SAT scores mean anything for IBanking internships, and if they do, to what extent?"
Adds no value, will keep you at par if good score, will hurt you if you have bad score.
Which banks offer sophomore programs (Originally Posted: 02/12/2012)
I heard in the past all these offer research programs? is it easier to apply to EMEA since I can talk german?
RBC is strong in NA but I'm not sure about EMEA. I'm going to assume SG's franchise is much stronger in EMEA than it is in NA. I would narrow this down to SG and RBC in that order.
Frankfurt is a sweet city, but I'm surprised they would take you if you're not German fluent (unless you are).
But I'd imagine that if you're going to be in Europe, you might want to take an European bank.. which is why I would lean towards SocGen. Why did you rule them out?
This depends on a lot of things. I'd be careful opting for a European bank based on what all is going on right now. From a personal standpoint, if you prefer Baird, then you should go with what your gut tells you. They should be flexible about making a move to London for FT. Their dealflow is also quite strong, and growing. Cannot say much about RBC. Also a great bank that is trying to break into the "bulge bracket" status. If were you, I would decide between Baird and RBC.
And yes, the Analyst pay should be in line with the street.
stay away from SocGen
Honestly the pay at an SA level doesn't really matter. It's all about getting your foot in the door and gaining that full time offer. In any case, they can't pay you peanuts. Even if it is lower, it will still be good enough to manage your expenses comfortably.
Need career advice — which MM/EB banks to aim for as a sophomore? (Originally Posted: 05/20/2014)
Hi guys,
I'm hoping to get some career advice. Serious replies please!
I'm hoping to get an SA internship at a MM or EB after my sophomore year. By the time I begin recruiting, my resume will include: a) a freshman SA internship at a tech boutique, b) several startup internships in business development, and c) founder of my own startup.
I am at a top target expecting to enter recruitment with a 3.7 and the whole deal — fraternity, sports, finance club.
I'm wondering which banks I should aim for considering my interest in tech. At the same time, these have to be banks that would be willing to take sophomores instead of the usual juniors. Could anyone throw some names out? Thank you very much.
Apply everywhere and see which bank bites (banks if you're lucky). Don't exclude applying to BBs - I have met someone who got GS IB as a sophomore for example, and am aware that a number of solid sophomores get internships in IB at BBs every year - you sound like you'd be competitive. Network well and apply to as many places as you can.
You shouldn't expect an EB internship as a sophomore. Very few offer this, most notably Perella if I'm not wrong. There are a few options for you:
1) If you really want to continue expressing interest in tech, best continue doing tech boutique internships. There are a lot, West Coast (CODE Advisors, etc.), NYC (random boutiques). 2) I have heard of Sophomores networking there way into a established MM internship (whole 10-week program etc), and placed into tech coverage groups (Imperial, Stifel, Piper, Houlihan). You could start by trying for that, although you need strong senior pull, or else there is no incentive to take a sophomore usually (unless you are an absolute star). 3) BB Sophomore programs. Need strong profile, target (which you have), and networking will only help.
If you're at a top target with a solid profile, just focus on getting the best internship you can regardless of sector coverage. Don't stress that too much. You can network and recruit your way into the right firms (Qatalyst, Lazard Tech SF, etc), or just network you're way into a top tech group after securing that offer at BB/EB.
Thank you for your reply. So would you say that Qatalyst/Lazard/Imperial should be on my list? I was also looking into Moelis, Petsky Prunier, and Wedbush — do you these would be good targets?
EBs don't take sophomores except PWP. HLHZ I do know took a sophomore once from Wharton but if I remember correctly, it was because he declared he was "graduating early" then changed his mind back to the 4-year track.
BBs are your best shot as a sophomore, most notably GS/JPM recruit top talent sophomores regardless of diversity. However all the other BB sophomore programs are diversity based, so unless you fit into that category, networking might be your only shot.
Thank you for your reply. I was under the impression that while GS/JPM will take non-diversity candidates, they usually end up taking diversity candidates anyway (which I'm not). At my school I believe JPM only took women for the frosh/soph program. Do you think it's still worth the time effort then?
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