If I have an interest in Asset Management , investment banking (investments whether it's buy side or sell side) how could an internship in financial planning help me build a resume? I have an opportunity to do an internship for the summer with Waddell & Reed in financial planning, but would this help my resume at all?
I understand it's coming down the wire for summer internships and I could really use something this summer...any thoughts?
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if it's the only thing, it beats working at the local coffee shop!
Take it
Depends on a few things..
Are you a sophomore? Do you have any other options? Is it paid?
I'm a junior.I just recently enrolled in my school's coop program, but I'm a little late in the summer game so most internship positions are already filled for the summer. So I could do one next year during the spring or fall.
I'm pretty sure it would be for credits, but I don't need the credits that badly. I would prefer it to be paid.
However I'm most concern on what would look good on my resume.
It can greatly improve your knowledge of investments and portfolio management, but it might not impress major investment banks. If that's your best offer I would take it and learn as much as you can about investment valuation, asset allocation, and portfolio managment. Then when you interview for a full time offer, you have intimate knowledge of the field.
Thank you Bottles...
My concern is...would I learn about investment valuation, asset allocation and portfolio management during a financial planning internship?
I don't think you learn anything of that nature interning as a financial planner. To my knowledge, most financial planning positions require you to sell mutual funds and insurance. I know for sure this is how Northwestern Mutual operates, not so sure about W&R though.
All non-structured internships are a crap shoot, you might be fetching coffee or doing real work. Take it if it's all you got
From my experience, you can spin any decent internship into a legit resume builder. Just try to learn as much as you can, take on responsibility, and develop your financial skills. Then make sure to spin the bullets on the resume to sound like stuff that bankers do, and you'll have a decent opportunity (given you go to a good school and have a strong GPA). If you don't go to a target, have a low GPA, and little relevant experience, then your chances are slim to none.
Thank you for the posts I will inquire more information but will take it if nothing else comes about.
Beggars can't be choosers after all and I do need something.
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