Useless Summer position, am I stuck?
I've got myself in a interesting situation. I'm currently working at a no-name investment bank where I really don't do much (there just isn't enough going on, not like I could ask for more). It's unpaid and some days all I do is read the WSJ and Bloomberg. It's so small that some people in finance in my city haven't heard of it, and I'm not in a major finance hub.
Ill be a senior in the fall at a semi-target so there will be a good opportunity to recruit for ft, but I need some good experience this summer.
Here is where my dilemma starts. Should i try to pursue another intership for the remaining summer months, or just stick it out My boss says he is well connected, so if I leave he might be able to run hurt my chances come fall. I have a list of a handful of banks that have taken summers in the past, again it's not a major finance city so it's pretty informal and I might be able to start mid-summer.
Any advice? Should I stick it out and hope for the best come fall, network like hell with the BB (not easy given location) or pursue another position.
Thanks in advance.
Just a few things you can do.
I worked at a small MM last summer. They were in the closing phases of a several deals, and I was only working part time, so it was hard for them to find fresh stuff for me. You can pm me if you want some more info.
Also, if you do a good job, your boss will be surprised by the quality of work, and will love you just a little bit more.
I get where you're coming from. I'm doing a pretty gay BB PWM internship. Getting a better job at this point unless it's cold calling a PWM place is gonna be really hard. I'd stick it out, but continue networking while you're there. Utilize your boss as much as you can since he's supposedly the one with the connections. I understand from experience that the work itself sucks. To spin this in a positive light, use it as an opportunity to impress your boss and others around you. If all else fails, you'll may have a FT offer from them after the summer is over to fall back on.
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