Is this Internship for real, or am I missing something?

Hello

I'm a current sophomore at a non/semi target (we get like 10 boutiques and MMs to do OCR, but only resume drops from most BB, and I think only one actually does OCR and they end up talking only 2 or so people) with a current internship offer in a small Equity Research firm. I would normally take it in a heartbeat but a certain few things about the gig kinda make me a bit wary.

First of all, I got this opportunity through "Wall Street Consulting Company" which I assume is just another one of those firms whose job is to connect or network you to professionals in finance and consequently internships/jobs. I spoke with the man who originally reached out to me, and he said that this was a "great opportunity" and many people who do it end up getting fantastic jobs at BB and EBs. However, the position is a "remote" one, meaning that It would be all online, and I wouldn't have to commute or anything, and I would have to pay this networking company 1.5 grand for the opportunity. Excuse me for my possible ignorance but are ER internships even possible to do remotely. Secondly paying someone to get me an internship sounds like a fucking ludicrous idea. Essentially what I'm asking is do you think this is just a scam meant to steal my money, or is it a legitimate opportunity?

I'm considering this only because I still haven't landed anything actually relevant to finance for this summer, and thus I'm a bit worried atm. Do you guys think I should follow through with this, or stick to cold calling/e-mailing in the hopes that I actually get a relevant boutique IB position, if that's even possible this late into the year.

Thank you for your help

 

Any time someone tries to push a "great opportunity" like that on you, run for the hills. Double if they want money for it; turn into Usain Bolt at that point.

 

Probably not the SEC (as I doubt places like these are publicly traded), but I'm sure that the BBB may be interested. Plus, the business could be operating within (questionable) legal confines so simply paying for an internship may be insufficient cause for an investigation (otherwise, many legitimate but overpriced study-abroad-and-intern programs would be out of business).

 

Fugit blanditiis consequuntur voluptatem ut aut soluta voluptatem. Delectus est aut ipsam recusandae. Voluptas et earum aut quam in.

Non minima ut aut saepe quisquam. Voluptas voluptate possimus quisquam officiis aut atque. Dolor accusamus ut quibusdam minus nam ut aut. Quis eos magni natus natus maiores voluptatem.

Qui maiores et quisquam ad et temporibus. Qui sint ut debitis recusandae. Et quisquam in sunt sapiente. Rerum recusandae quidem quia officiis vero. Asperiores sequi et debitis iure inventore.

Aut voluptates cum ducimus molestias. Sit voluptatum dolore qui et. Quia adipisci quas ad eos et. In impedit porro fugit ad aut id in molestiae.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
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...”