I know there are many discussions here on whether or not unpaid internships are worth it, so don't think I'm posting this because of lack of initiative to read on my own. I'm asking specifically if commercial lending experience (unpaid) would be at all applicable to IB in an unpaid position. I would pass up a paid internship at a large credit union in fraud investigations. However, I have already worked there for 5 months and would like something applicable to IB. Is commercial lending worth a shot, especially considering an unpaid position? The unpaid position would be at regional SE (BB&T, SunTrust, Regions).
Thanks in advance for you input.
is the fraud investigations with capital one
No, its a very large credit union.
deleted - wrong thread
Interesting that one of those firms even has an unpaid program. What year are you? If you are a freshman, go for it; even as a sophomore it's probably going to be good experience just don't mention the unpaid part unless you are asked in interviews
It's not a set program, I was just networking with commercial bankers in my area and I was thinking about offering to work for them in exchange for the experience. That's the bad part, I know. I'm a penultimate senior. I'm set to graduate in Dec 2019. Maybe this is just me thinking out of desperation because I don't have a job offer, but that's what this forum is for right? lol If I'm being crazy I'll just stay in my current, paid internship. I'm just worried that the fraud investigation experience won't help me at all.
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are you in college?
If IB is the goal, then a commercial banking internship is way more applicable than fraud investigations...you should learn basic financial statement analysis. assuming youre in college, leverage that experience the following year into another internship.
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