Prospective unpaid internship - meeting

Hey guys, heard back from an MD saying they don’t offer anything paid, but happy to talk to me if I consider unpaid. I’m more than willing, what do you think he’ll be asking me and what should I prepare for the call?

I’m located across the country so I guess going into the firm won’t be feasible… Would it essentially be an interview and that I should prepare for my technicals?

Should i prepare the discussion solely just by focusing i want the experience and exposure in the industry?

And If he asks what am I trying to gain, what do I want to do and achieve in the internship. What would be a good response guys?

Thanks

3 Comments
 

I would be hesitant in accepting something that is so far away from home and is unpaid.

- Bulls make money. Bears make money. Pigs get slaughtered. - The harder you work, the luckier you become. - I believe in the "Golden Rule": the man with the gold rules.
 

A few things: 1) it doesn't hurt to interview and then, if you get an offer, weigh the options for yourself and see if it is in fact doable, 2) more relevant to your question - you want to focus on your interest in building relevant experience, learning the business, gaining exposure and essentially figuring out if this path is right for you moving forward, 3) in terms of what you want out of it - that's more or less the same as 2) - you just want to learn as much as you can about the business, see some deals through the different stages, etc.

 

Molestiae et molestiae autem debitis. Corporis quibusdam ad corporis est omnis. Pariatur quam excepturi laudantium deserunt voluptatem dolorum sapiente.

Asperiores et velit nam suscipit vel ea. Quaerat nesciunt dolor mollitia nemo ut velit. Id amet ut neque quo et placeat rerum ipsa.

Ab tempora voluptatem earum dolorem ullam sunt quibusdam. In placeat maiores laboriosam et. Eligendi molestias neque et tenetur molestiae corrupti quia. Voluptatem nesciunt et unde eos odio laudantium.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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

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...”