7 Comments
 

Change your status, you're not in business school, you're a "prospective monkey." People in Business School are those pursuing MBAs and other Finance-related Master degrees.

"If you can count your money, you don't have a billion dollars." - J. Paul Getty
 
Best Response

Alright Eric, thanks for fixing that, now we can proceed.

For Freshmen, the two best opportunities that will help you are: 1.) A Boutique Investment Banking Internship. These are hard to obtain and you will likely have to offer to work unpaid, but the experience, for obvious reasons, is the most practical. 2.) A Private Wealth Management Internship at a BULGE BRACKET firm. The good thing about this is that it puts a major name on your resume (Goldman, Morgan Stanley, JP Morgan, UBS, etc.) and some of the skills will be transferable into banking. In your case PWM is also nice because they have many, many offices and you will likely find places to work in the Philly metro area.

If you can't get one of these two options, get something else Finance or even Accounting based.

"If you can count your money, you don't have a billion dollars." - J. Paul Getty
 

Thank you san fran but I have some questions.

1.) What is a boutique investment banking internship? What kind of companies should I be looking at?

2.) Im guessing Private Wealth Management have freshman opportunities? Because I have be on such sites like Morgan and Citi looking forever but finding nothing for freshman

3.) Last what is PWM. Is it http://www.pwmcapital.com/ .....the canadian bank? Thanks again! -Eric

 
ewlangThank you san fran but I have some questions.

1.) What is a boutique investment banking internship? What kind of companies should I be looking at?

2.) Im guessing Private Wealth Management have freshman opportunities? Because I have be on such sites like Morgan and Citi looking forever but finding nothing for freshman

3.) Last what is PWM. Is it http://www.pwmcapital.com/ .....the canadian bank? Thanks again! -Eric

God damn, you weren't kidding when you said you were a Freshman! I'll answer your questions, but you should really spend some time on these threads, the info and acronyms are base knowledge.

1.) A boutique Investment bank is a bank that isn't getting the big deals, instead they do deals that are either much smaller or only regionally significant. Often, boutiques will have only one or two industry on which they focus, and in which all their senior bankers are experts. They're small shops in which there are fewer people at every level. Because they don't have the same resources as the large banks, they're more willing to accept free help.

2.) Yes, Private Wealth Management arms have freshmen opportunities. However, you're not going to find the internships on the site. The way you'll get into these spots is either by knowing or networking with the right people. Try networking with alumni.

3.) PWM = Private Wealth Management

"If you can count your money, you don't have a billion dollars." - J. Paul Getty
 

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