Freshman back office internship?
Hey guys,
I'm actually a freshman at a target who started somewhat late looking for internships. One of my relatives got me an interview next week with what I think is a BO group at a high frequency trading hedge fund. If I aim to go into IB or even consulting down the line, would this internship be useful? I'm asking this because I've heard that once you get into BO, making the transition to a FO role/group is nearly impossible. Any thoughts? The HF name, I would say, while not super super prestigious, is still worth something (trying not to give away too many details).
Thanks!
Freshman BO internships are better than no internships.
The chances of getting FO are usually lower the older you get. Since you're a freshman, it's not as bad as you think. Just consider this as your first finance gig that allowed you to explore what you want to do. Then incorporate this into your story when you apply for FO roles. After all, employers usually understand that not all freshmen know what they want to do, so they let the type of role slide. I and many others have had BO roles in our soph or jr year, but we were still able to land FO interviews. And like euroazn said, something is better than nothing.
Personally, I never turn down an interview. Getting more offers can only work to your advantage. I'm graduating in less than a month, you have your whole college career ahead of you...I would go for it. If the firm's name holds some clout and/or you're getting paid, consider it a bonus, but focus on getting experience first.
Err... that's the thing. What if the firm's name is... questionable (along the lines of a somewhat recent scandal, trading loss, etc.)?
This is a pretty tough call, because the real value is in the name recognition and potential contacts. Can't give too much insight without knowing the name of the firm, feel free to send me a PM.
I think knight capital is a pretty safe assumption, based on what OP's said.
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