Where should I intern for Freshman -> Sophomore Summer for IB

Based on the most helpful WSO content, here are some recommendations for internships for a freshman moving into their sophomore summer, especially if you're aiming for a future in investment banking (IB):

1. Local, Middle Market, and Boutique Investment Banking Firms:

   • These firms are more likely to consider freshmen for internships. Reach out to analysts, associates, MDs, and VPs at these firms. Use cold-email templates available on WSO to structure your outreach.

2. Back Office (BO) or Middle Office (MO) Roles:

   • These roles can provide valuable experience and are more accessible for freshmen. They can help you build a foundation in finance.

3. Wealth Management:

   • Wealth management internships are a good starting point and can provide relevant experience that is valued in IB.

4. Search Funds:

   • Interning at a search fund can also be a beneficial route, offering exposure to finance and investment processes.

5. Any Job in Finance:

   • If you can't secure an IB-related internship, any finance-related job can be helpful. This includes roles in finance/accounting divisions at local companies.

6. Small Equity Firms or Private Wealth Management (PWM):

   • These internships are often more accessible and can provide relevant experience.

Remember, the key is to gain any finance-related experience that can position you well for future IB interviews. Focus on building your resume and networking within the industry.

Sources: Freshmen: What to do during your freshman year summer, Tips for Getting an internship in Investment Banking as a freshman, Banks that offer summer internships to Freshman?, Low GPA, trying to get my foot in the door. What do I do?, Looking for advice--second internship