Getting a non-finance related internship this summer...
So, I'm a junior, but I'm graduating Fall 2013 so I'll have next summer to apply for banking internships.
This summer, I've managed to get nothing finance related (although I am trying and I think I could get one), but I can get some non-finance related internships.
The reason I ask this is because the non-finance related internships actually pay really well, and the finance related ones are usually unpaid. I don't know, I just want some money now.
Would getting a non-finance related internship hurt my chances? I feel like, if I do get an interview, they would ask me why I chose that internship and there's no way I could spin that in a positive direction.
And before people tell me it's impossible at this point to get a finance related internship, you're wrong. I've seen plenty of ads and listings for boutique banks, private equity, hedge funds, etc. in the past week. This implies that there is a demand for interns and cold calling should also be effective at this time.
If the non-finance stuff is sufficiently impressive I feel that it can be worth it to forego a so-so finance internship. You can definitely spin pretty much any kind of experience in your favor. I mean, I rejected a finance offer this summer to take a non-finance (albeit econ-related) internship.
However, if the only reason you want a paid internship is for pocket change, then try and take the hit now and bank later, literally. If you don't have a good reason other than extra cash, your future interviewers will see that you actually didn't have a good reason to take a non-finance internship.
Last I checked, hedge funds, private equity firms and boutique investment banks aren't jumping out of their chair to hire a kid with a sub-3.0 GPA and no finance experience.
Last I checked, when an ad asks for a GPA 3.0+ then that means they're willing to hire someone with a GPA 3.0+. Sounds like me. Please stop stalking me, brah. It's pretty pathetic.
I've replied to two threads and it's stalking? Whatever you say buddy.
And you're right, when the ads say 3.0 plus they mean 3.0 plus. Doesn't seem like that has worked out too well for you though has it?
That's funny, getting responses isn't working out well? What world do you live in, brah?
Sounds like someone is bitter because they were in a "better" position than I am and failed, so the only way they can rationalize this and make themselves feel better about themselves is by putting down others in "worse" position.
And yes, you're stalking me. First 2 posts were in my topics, and you also go through my post history? Strong stalker indeed.
?
I have an investment banking internship that I work 5-6 days a week in NYC.
To respond to you calling me a stalker, I've seen your posts (long time forum viewer) and at a certain point I decided to make an account and start posting. Gotta say, you just ask the stupidest questions and try to make excuses for everything. And at this point, I'm totally right. I've been on summer "vacation" for 2 weeks and seems like its almost mid summer for semester kids and you have nothing.
Your internship entails that you post on/stalk wallstreetoasis all day? Strong internship. Oh wait, you don't have one.
This forum attracts too many trolls. Makes sense though. Lots of faggots who think they're hard try to get into IB.
You are a complete moron.
If you knew anything about investment banking, you'd realize that at the summer analyst level, a lot of the early day (8-5) waiting for analysts to shovel you work. So yes, a lot of the afternoon you can tab between your work and websites. Glad I'm getting paid for it too; a lot better than sitting at home doing it like you
And believe me, I get a lot more pussy than you do (I'm guessing none) so calling me a faggot doesn't mean much.
http://i0.kym-cdn.com/entries/icons/original/000/007/508/watch-out-we-g…
Sounds like you have an inferiority complex.
Public Sector, Non-Finance Internship. (Originally Posted: 02/25/2011)
I have received an offer in the public sector,(think state legislature, senate, congressional) as an intern after trying with no luck to get a finance gig. I am still trying but have to accept/decline this offer in a week or so. I would ideally like to get into trading and was thinking I could use the lower work load (relative to IB) to take some online options & trading courses and manage my newly opened account. Also I may be able to get some finance exposure during the internship through research.
I am just looking to get a little feedback on my situation and if it will have a positive/negative/neutral affect on my chances at breaking into trading or finance down the road.
Many shops (if you are in DC, perhaps FBR), have "policy strategy" groups, which is essentially a bunch of analysts who once worked on the hill that analyze how policy will impact financial markets (to my understanding). I'd check that out.
Non-finance junior internship (Originally Posted: 06/24/2011)
I am a rising senior at a target school with a decent gpa (3.6~). I had a few final round interviews with some BBs and boutiques, but never received a SA offer. Didn't have any luck cold-calling and found a gig in the Energy department of a large manufacturing company. Definitely a lot of aspects apply towards finance, but I wouldn't necessarily call it a finance-based internship.
How does this position me for FT recruiting senior year? Obviously, it would have been ideal to lock down a finance internship junior summer, but what can I do to improve my chances of getting IBD in the future?
As a guy who got my summer offer this summer without any networking, let me say this: who you know matters alot. Start emailing and calling people on linkedin and your school alumni network expressing interest in FT recruiting. A resume forwarded from one of them means mountains more than a resume submitted through your school career website. That's probably all you can do in the next few months to improve your chances of getting IBD.
I would also suggest formatting your resume the way bankers like them formatted. Look in the WSO section for resumes or on mergersandinquisition for some good info.
Thanks for the advice.
Does anyone else care to comment about how non-finance internships affect your chance for FT recruiting?
Taking a non-finance related job (Originally Posted: 05/03/2012)
How bad is it if you take a non-finance related job as a freshman or sophomore when you eventually want to work in banking for junior/full-time recruiting? The path here seems you have to go PWM -> boutique IB -> BB IB -> full time offer but how realistic is this for everyone?
also intterested
It might be more difficult, but it's how you spin your story. Not everyone came into college knowing that they wanted to do high level finance. I have met some people that didn't even have an internship and landed BB junior year, but these kids have near perfect GPAs, have done research for professors, and are legit at networking.
I am also a rising sophomore and I would suggest possibly finding a way to do a part time internship or shadowing in some kind of investment management while keeping up you other job. Networking would be the best way as it worked for me. This way I make some money and get some experience at the same time
^ Can you describe how you do that? Most jobs run 9-5 right, so how would you shadow afterwards?
Public sector non-finance internship. (Originally Posted: 02/24/2011)
I have received an offer in the public sector,(think state legislature, senate, congressional) as an intern after trying with no luck to get a finance gig. I am still trying but have to accept/decline this offer in a week or so. I would ideally like to get into trading and was thinking I could use the lower work load (relative to IB) to take some online options & trading courses and manage my newly opened account. Also I may be able to get some finance exposure during the internship through research.
I am just looking to get a little feedback on my situation and if it will have a positive/negative/neutral affect on my chances at breaking into trading or finance down the road.
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