Hey people, incoming second year at UK semi. currently starting to apply to 2025 summer internships in the UK and saw that Australian ones already opened and was just wondering before I miss my chance is it even worth it to apply to all Australian ones?
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Based on the most helpful WSO content, here are some insights regarding applying for internships in Australia as an international student:
Recruitment Timeline: Australian summer internships typically run from November to February, which might clash with your university schedule in the UK. If you are unable to participate in these internships due to academic commitments, it might be challenging to secure a position.
Graduate Roles: If you miss out on summer internships, you can still apply for graduate roles at BB (Bulge Bracket) and EB (Elite Boutique) banks. These roles have their own recruitment timelines and processes.
Class Size and Conversion: The class size at BB/EB banks in Australia can vary, and many positions are filled by those who have completed summer internships. However, there are still opportunities for those applying directly to graduate roles.
UK Universities' Perception: UK universities are generally well-regarded in Australia. However, being physically present in Australia can be advantageous for interviews and networking.
Interview Logistics: Some banks may require you to fly out for interviews, while others might offer tele/video interviews. It's essential to check with each bank regarding their specific interview process.
Winter Internships: Some banks offer short winter internships during the UK summer period. If you have already accepted an SA (Summer Analyst) position elsewhere, you might miss out on these opportunities.
In summary, while there are challenges, applying for Australian internships can still be worthwhile, especially if you can manage the logistics and timelines. If you miss out on summer internships, consider applying for graduate roles and leveraging any available winter internships.
Sources: International Student - Chance of getting an IBD internship in London?, is it even worth it for international students anymore?, Q&A: 2nd yr IB Analyst - Australia, How possible is it for a U.S student to intern in Melbourne?, https://www.wallstreetoasis.com/forum/investment-banking/qa-2nd-yr-ib-analyst-australia?customgpt=1
Yes go for it - know a British friend from a target who got an IB internship in AUS
Congrats to him, quick question also if you dont mind do you perhaps know when the winter internships open there?
Don’t they require Australian citizenship?
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