Investment Banking Internship For High School Student
Hey guys,
Im a 16 years old french high school student looking for an internship in an Investment Bank. I started to get interested into stock market, cryptocurrency and trading since 1 year. I work 1-2h everyday next to school and other projects doing technical analysis and looking for news and opportunities in the market. This full year of focus allowed me to acquire a lot of knowledge. My goal is to work in an investment bank and I want to start getting real experience before university. Im passionated and determined to become successful in this domain.
If anyone knows a way to get an internship in an investment bank in Paris or London it will be really helpful for me. If you also have advices to help me get an internship let me know it's also very interesting.
Thanks for your help
Do you have any link of content that describe in precision the role of IB ? I start to realize it's not at all what I imagined
Just don't watch the ads of UBS, anything else would be mostly true.
Afzal Hussein has pretty good videos that will make you understand the basics of 'high-finance/IB'.
I've seen it
Girl's daddy was a big client
First off, stop doing technical analysis. No one reputable in industry uses it, and it no longer works. Just YouTubers tryna get you to buy their program.
To reiterate what the other guy said, first you need to learn the difference between the different areas of finance. Investment Banking is different from working at an Investment Bank. IB does not trade stocks, that's the global markets department (sales, trading, and research roles).
To get an internship as a high school student, first check for local programs. Boston public schools puts high school students at companies like Fidelity, State Street, and Putnam Investments for summers, but if you live in a suburb or go to private or charter school, you are not eligible.
Next, ask your parents, friends parents, aunt's/uncle's etcetera if they know anyone working in finance that would be willing to take on an unpaid intern.
Lastly, use LinkedIn and Google to find small investment firms in your area, and reach out by emailing their recruiters or asking for phone calls on LinkedIn. You can find their emails on their website and submit resumes, or you can look up or guess their email format (some chrome extensions can help). Then look up the employees on LinkedIn, then guess their email address ([email protected] for example), and email some employees and short 2-3 sentence paragraph introducing yourself, explaining your interests, and asking for a phone call to discuss. Attach and well-revised resume as well. Ask for unpaid internships.
Focus on small investment firms, rather than banks. Banks are less flexible and usually too bureacratic.
If they really want to, they will pay you, but at this stage it's better to just get the position, so you can leverage that for internship freshman year so you can leverage those to get killer, well paying internships at big banks sophomore and junior summers.
If you want a file describing the different roles in finance and their respective WLB, pay, day-to-day activities, and personality traits, PM me your email and I can send it.
Just to mention, you'll probably want to do an Asset Management internship. Fidelity I would imagine does a small high school intern team, but I have no idea. My company is one of their biggest competitors and we had one that I did when I was in high school.
IB and Asset Management is the same thing or not at all ?
Thanks for your comment.
You're right, I think I need to look in detail what IB does. I'm very interesting for the file but sadly I can't send you a private message I'm new here
And about technical analysis I'm very surprised. If it doesn't works, so what uses professionals traders ?
Professional "traders" at a bank are simply middle men who take advantage of bid-ask spread.
Discretionary positions sometimes happen, such as thinking the market is mispricing volatility in options compared to historical volatility, or not addressing tail risks of big events such as regulatory crackdowns than an administration has shown patterns of increasing.
Usually it is just buying into a stock at a discounted price via a PIPE and possibly artificially selling or waiting for holding period to expire to sell, or taking advantage of mispriced securities.
Looking at a chart and looking at RSI or MACD is not what any of them do.
On the buy side, they value to company via methods such as CCA, DCF, SOTP analysis, etcetera. They then construct diversified portfolios of uncorrelated stocks. Some use TA to find an entry point, but many don't and believe it is BS.
Good luck. Try sophomore diversity when you make it to college if you’re eligible. Otherwise, getting into a target should be your next course of action.
Hey Henri, from one French guy to another, your best bet would be to keep grinding to land at Dauphine, a top-5 business school or a top-5 engineering school (or if money allows for it, maybe try to land a spot in a prestigious UK university). Everything else is just redundant - you're not likely to land a job in investment banking (in France at least) through any other avenue.
This isn't the US where there's a billion IB jobs to go around. It's small, tight-knit and they always recruit from the same schools. Grades should be your top priority.
I heard about Dauphine, it's a very good university and I will for sure put it on my Parcoursup Wishlist.
What do you think about IAE School of Management at Lyon 3 ? They have a master in finance that also look good
From my understanding, IAE are going to be one step down from Grandes Écoles. However, asset management is not as selective and "preppy" as investment banking, so I don't think it would be impossible to reach asset management with a Master from an IAE.
I don't know the individual differences between IAE (Lyon vs Aix, etc.) though.
Sorbonne and other top Parisian public universities also have good programs that shouldn't be discounted. You can also access the Grandes Écoles through admissions parallèles, with your License from Paris 2 or such and then transferring to ESCP or Kedge for your Master.
bonjour
Hey
Jesus guys, the kid is 16. Tell him to go play some sports or smoke weed with his friends, not condition him for the world of finance before he's even gotten his dick sucked for the first time. My little sister is 16, and she just got her driver’s license lol
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