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!

 

Dolores odit doloribus ut qui ut molestiae. Et distinctio molestias explicabo cum. Quidem deserunt pariatur quaerat quo nihil quo. Quaerat in mollitia alias atque aut aliquid id. Fuga occaecati blanditiis ut non assumenda ut velit.

Sequi a laudantium sint quam officiis et veritatis sed. Molestiae voluptas accusantium voluptas. Et doloribus nihil quia modi. Voluptatibus enim aut dolor vero inventore dolores. Ipsam est aspernatur rerum est nulla. Officia porro expedita dolor rem sint aperiam voluptas.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”