Internship - Which specific firms?
Good day,
My question is where do you think I should look into (field wise... S&T, PE, I-Banking again, Equity research, etc) to end up with great knowledge about modeling, the markets, etc.
Also, if possible, which specific firms should I look into?
Thanks!
Why would you do that, if you were FO at Wells, simply stay there unless you can go to a better firm.
1) It's a bit scary that you've done an IB internship even before your freshman year, and that you are already certain that you want to end up in IBD after graduation. Good on you for having it figured out, perhaps, but keep an open mind and explore other things too.
2) When you say I-Banking, do you mean the investment banking division specifically? Or are you speaking broadly and using IB as a catch-all term to include IBD, S&T, ER, etc?
3) If you specifically want to do IBD, then you should intern in IBD. If you are unsure, then it certainly would not hurt you to try out S&T for a summer or two, since you are already ahead of the game. Take some time to really learn about the differences between the various roles, they are very dissimilar (IBD is heavy on modeling, S&T is heavy on markets).
Sorry, but I have a really hard time believing you did front office IB at Wells before freshman year. Would you mind giving us more information on your experience there?
obvious troll is obvious.
I actually was at Wells Fargo because I know how to network. I believe networking is the MOST needed key to land a job rather than having a prestigious degree, (I may be living the best of both worlds :) ). My past internship was rotational, I spent my first four weeks in the Consumer, Healthcare, & Gaming sector and then the next four weeks in the Financial Sponsors Group and the last two weeks on the hectic S&T floor shadowing an energy trader.
I ultimately want to end up starting my own hedge but I want to do IB is so I can get the fundamental stepping stones, if I change my mind.
@futurectdoc: I can't get another internship @ Wells because they can't offer me one since they don't for college freshmen. :( @asiamoney: Point 3: for the next two summers (college freshmen summer and college sophmore summer), I want to land two internships (or even one same one) where I can get A LOT of experience/knowledge to prep me for a Junior summer and then out of college job at Goldman. I want these internships to look prestigious on my resume too! If I want to get these two elements (the learning experience AND a prestigious looking internship), what are some options for me? Please ask me questions so I can be more clear on what I want to do. @turtles & DonVon: I wouldn't be writing this essay to you guys if I hadn't. I'm just so eager to be on the top!
Thanks a lot!
Yeah.. I don't know what to say to that lol
With all the smiley faces and exclamation marks.. it seems to me you are a girl.
A girl -> Prestige seeking -> Ambitious.. Not that attractive..
I'm actually a 17yearold who's birthday is in a couple of hours.
Does anyone have recommendations/advice for me please? Thanks!
Just apply and see what happens - and you said you know the power of networking so start now and see where you can go. JP Morgan has a freshman program - I'd start there.
Also, don't change banks every summer - it means you either sucked at your job or have no sense of loyalty at all. Find a bank that you like and stay there.
I'll be applying to JP Morgan's freshman program. Although JPMorgan is great to throw on the resume, will I learn a lot there? My main goal is to obtain a vast amount of knowledge about finance so I can be ahead of the game compared to my peers.
So wells fargo has high school kids as interns but not freshman in college? What a wacky bank
@Cruncharoo: Wells Fargo started that program to teach what Investment Banking is. Wells Fargo is an up and coming bank with the most marketcap. Also, from what I saw during my stint was that the senior guys actually take the time to have conversations with the analysts and take them out for lunch. To the bank, analysts are not numbers like other banks, they're actual people.
Don't get ahead of yourself - JP Morgan takes very few kids every year for IBD from freshman or sophomore classes. While you have BB IBD already, JP Morgan gets applicants from Harvard kids who have won international and national-level awards.
I'd get the internship first before worrying about whether it's a good "learning experience." From the tone in your posts it feels like you don't know anything yet.
@7xEBITDA: I know very little, I know basics. I want to learn as MUCH as I can in college, haha. And I agree that they are very hard to get into. I want to apply to many places as possible. Even though I may not get into these places, I want them to remember me somehow if I apply again in the future.
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