What to do this summer? Unique Situation

Hi, I am wondering what I should do this summer. Currently I am a freshman and have studies and worked abroad in my second semester. I am currently working at Barclays PLC is their Group Finance Division and will have been here for a total of 8 weeks. With this internship under my belt I am wondering what I should do this summer.

These are the options I see:

Caddy at Local Golf Course: Make money and play golf, not too stressful.

Work at the local bank like Wachovia as a teller or something

Try to intern at Barlcays wealth/ Bar Cap in DC through networking in london...not sure if I should pursue this, this year or next.

Lastly send out emails and try to work at a local hedge fund or MM investment bank, guessing chances are pretty slim for this.

Ultimate goal is to get a summer analyst position, so bearing this in mind what do you recommend? Feel free to post reccomendations as well as advice on what I have been thinking about.

Thanks and really appreciate the help.

 

One of the last two, clearly. If your goal is actual banking, retail banking is nowhere remotely related. At least with caddying you might have a chance to network a little bit, you never know what could happen there.

WM at BarCap is something to chase, as well as cold-emailing all the MM and boutique firms in your area.

I am permanently behind on PMs, it's not personal.
 

Thanks for the response. The bank thing does not sound that interesting to me so I probably wont end up doing that. The thing is I do want to make some money this summer and thats why caddying seems cool. I love to golf so this seems like a win win, plus there might be networking opportunities, I would caddy at a place like Congressional. However the Barclays route is intruiging as well. WM would be great and even equity research I guess would be interesting. Any more opinions/advice?

 

Considering your a freshman and you already have some finance experience I don't think it's crucial to get more finance experience over this summer. I worked at a golf course the summer after my freshman year and I don't think it hurt me at all. Your Barclays experience should help you get something summer after your sophomore year. Try and enjoy this one.

 
Best Response

@JulianWells I think the fact that I am studying abroad as a freshman is pretty unique, not sure of many programs that offer that or students that have done that. To be able to study and work abroad in my first year has been great and something that I can use for the future, especially being able to work at Barclays. I am not boasting or anything, just trying to figure out the best way to go forward with what I have already done.

Although the position I have is at PLC not Bar Cap, I think it has still been very valuable and I am hoping to leverage it into something this summer or next. That is what I am wondering. Should I just work at a golf course, make some money, have a good time... or try and get another internship this summer and if so go for the cold calling approach with regional boutiques or try to leverage something with Bar Cap like in equities research this summer in DC?

Thanks for the advice

 

Try for one of the latter two - but by no means view it as a failure if you don't get anything. These jobs are very hard to get as a freshman (even as a sophomore) without significant connections. It's good that you've already got some experience in your first year - if nothing else materializes for the summer, take the caddy job and don't look back - collect good tips, get some sun, work on your golf game, maybe meet some good contacts, etc - I have a friend who's been caddying for years and he loves it.

 

Favorably, because it isn't the same old PWM like everyone has and you may get some meaningful experience rather than simple cold-calling.

I am permanently behind on PMs, it's not personal.
 

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