Leveraging Broker Dealer Internship
hey guys, ive been coming to this site for a little while but have finally created an account. im currently a freshman and recently received an internship at a brokerage firm. i was wondering if it is a good internship to commit to and if my ultimate aspirations are ib, what can i potentially get out of it? will it help my resume for perhaps more relevant work next year?
any advice or thoughts on the topic would be helpful.
thanks everybody
You're a freshman You have an internship in the financial industry
+ You want do do banking= Do it, unless you have a better opening in IBD
When that's almost over, use it as leverage against the next thing. Cut, paste, repeat until you get where you want to go.
+1 on UFOInsider. This is a great internship for a frosh-soph summer. You can then try and go for a sophomore-junior internship at a boutique or an MM firm in IBD, and then finally go for the traditional junior-senior year internship at a major NYC firm.
Minor nit- know this is a relatively casual forum when it comes to grammar, but folks find it easier to read your posts when you capitalize.
Any experience you get as a freshman that's relevant to the industry is a huge plus, period. Also, it isn't PWM, and since everyone and their mother has PWM experience, congrats for netting something that isn't as common as air.
Brokerage Firm Internship. How good? (Originally Posted: 04/25/2007)
I have accepted an internship at a small firm out on the west coast and though they claim to be a "full service investment bank", I know for a fact they are what most would consider a brokerage/dealer.
Anyways, will this internship be looked at as a positive experience or just a B.S. job? I have no previous experience in finance and am from a non-target, hense why I had limited choices for an internship. Any input would be great
Really depends on the firm and the people you work with.
I worked at a "full service investment bank" my sophomore summer, and had a great experience. It was looked at very favorably during resume screens/interviews.
By the way, at least at the bank I worked at, the "full service" part meant that they had Research and S&T divisions in addition to IBD.
It depends more what division you were in and what you did at that bank. Just because you worked at a full service investment bank and had a great experience doesn't mean he won't be making copies and cleaning the toilets.
Is there a choice here? If it's not good, will you decide NOT to pursue a better ib job next year?
Can a brokerage internship be my stepping stone into IB? (Originally Posted: 02/21/2011)
Hi, I am BBA Finance, should graduate in a year (not the best school) but I will probably snatch this discount brokerage internship at a top company soon. I also have other work experience, but non finance related. Anyways, do you believe this kind of internship can have a big impact on landing an IB job once I graduate? Thanks for your input.
def not a big impact...focus on networking and just use prior work experience to display an interest.
Not the best internship for IB, especially from an average school. Try to cold call small boutiques and work for free. That is way better.
Like the others have said, not the best, but anything helps so don't feel like you're wasting your time. Work hard and you'll get it. Good luck!
i thought brokerage firms do some M&As too except smaller deals? What exactly is going to be your role at this brokerage?
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