Internship Advice Needed

Hey all,

Sophomore, Big Ten state school, 3.85 GPA, solid extra curriculars, zero relevant work experience. Goal is IB.

How likely is it that I would be able to/competitive enough to get a PWM internship at a BB/MM for this summer? Is it too late to start applying? Would I be okay with just applying online through company websites? Or is it better off for me to cold email boutiques and shoot for IB there this summer, or am I too late for that as well? I regret being hesitant to do this earlier already, so hopefully not all is lost. If this doesn't go according to plan, I have a potential offer in consulting (which I am appreciative of and is better than nothing since I have zero work experience). I just don't want to spend my summer doing nothing. If I'm unsuccessful in landing an internship for the summer, I think I'm just going to go abroad. I'm double majoring, so I still have three summers ahead of me, but again I don't really want to waste this one and need to work my way up and get some relevant experience on my resume.

What would your best advice to me be considering my stats and situation? Thanks!

5 Comments
 

Sounds like you already know know what you need to do. If youre at a big state school you should have a pretty broad alumni base you could try to leverage. Focus on them as they will likely have the highest conversion rate.

It can hurt to apply online to the bigger places but chances are without a contact inside your application will go nowhere.

Spend a good amount of time over winter break cold calling boutiques, AM shops, hedge funds etc. Never know who might need someone and any kind of financial internship will help.

 

Thanks, I appreciate your input. But am I too late to the game at this point? I feel like my hesitation really hurt me. As far as I'm aware, most places are already in the interviewing process, so I feel as if I misse my chance. But I'm unsure of how the process/timeframe works for boutiques. Any insight here?

 

Et veniam ut ut. Ut officia rerum quas aspernatur nesciunt. Blanditiis optio iure et quisquam doloremque reprehenderit.

In et ad dolor ut. Nihil et fugit expedita.

Et enim tempore aperiam qui eveniet doloribus rerum minima. Fuga deleniti voluptatibus exercitationem qui nam commodi adipisci. Et voluptatem aliquam eum dolores deserunt. Accusantium accusantium beatae iste et rerum dicta perferendis.

At qui velit sapiente voluptates minima blanditiis. Aut quo pariatur iure. Quaerat odit non earum eum.

Career Advancement Opportunities

September 2026 Investment Banking

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

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 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 06 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
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”