Freshman Summer Internship Cancelled

I am a freshman at a semi-target school and was able to secure an internship in the M&A department at a F500 insurance broker. I just found out today that the internship is going to be cancelled due to COVID-19. My goal is to work in IB at a BB when I graduate and I felt this was going to be a great way to get ahead. Does anyone have advice on what to do next? I've been searching for opportunities all day but there is not much.

6 Comments
 
Most Helpful

Hey, just wanted to say that you really shouldn't stress out about first year internships, and even second year internships aren't as important as a lot of people on here would have you believe. I had a really bad "accounting" internship my first year (ultra small company, all I did was sort through invoices) and a really weird data science internship in another country my second year. This summer, I'll be interning at an EB.

Especially since a lot of people are gonna be in your position this year, I really doubt not doing an internship this summer will matter at all. In fact, I think you may be quite lucky, since you have a great excuse to get one last summer vacation in!

 

Laudantium autem blanditiis sed nesciunt est dignissimos veniam. Sit minus rerum odit nisi sed.

Non velit nesciunt veritatis aliquid. Officia facilis et eaque dolor et dolor earum.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”