What to do summer before sophomore year?

I'm currently a freshman in college and I'm exploring my options for the coming summer. This past summer I did a finance-related internship at a small firm. I wanted to hear your suggestions for what to do in order to best set up my career.

Some options I'm considering:

  1. As an aspiring ibanker, I want to do something ibanking-related, preferably in NYC. I know it's near-impossible to land something at a BB as a rising sophomore, but I hear there may be opportunities at boutique firms. Would the best path of action consist of cold calling/emailing people at boutiques and expressing my interest?

  2. I've heard PWM is possible at BBs for younger kids like myself. Is this a legitimate possibility?

  3. Summer school somewhere like LSE, taking finance-related courses.

I'd love to hear other suggestions as well.

Comments (167)

Sep 19, 2010 - 4:16pm
San Franciscan, what's your opinion? Comment below:

All three of these would be great options for a freshman. At your age, just remember that the most important thing should just be to build a strong GPA base. I don't know where you go to school, but if you network with alumni, the first two options should be achievable.

"If you can count your money, you don't have a billion dollars." - J. Paul Getty
Sep 19, 2010 - 4:54pm
drexelalum11, what's your opinion? Comment below:

Something at a boutique ibank would be good, though it'd likely be unpaid. Getting something in BB PWM should be pretty easy - they're all over the place, and can always use some help, and are not going to have difficult interviews. Assuming you go to a target school, LSE summer school won't add much - given the choice between that and having a free summer with your friends, you should choose the free summer.

Sep 19, 2010 - 8:29pm
Stringer Bell, what's your opinion? Comment below:

Counselor at lacrosse camp, no doubt.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
Sep 19, 2010 - 8:30pm
Stringer Bell, what's your opinion? Comment below:

Or this:

http://www.youtube.com/watch?v=sdsKNHBCioA

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
Sep 19, 2010 - 9:09pm
International Pymp, what's your opinion? Comment below:

If you're not a business/finance major (which you may well be if you already know you want to be a banker), then I'd recommend doing a summer business program. They have them at Stanford, U-Chicago, Dartmouth and other places too (though you should go to one of the above). I did that and I found it to be a ton of fun (like summer-camp for college kids - and with a lot of casual sex) and I'm also pretty sure it helped me land my tougher to get, more important internships later in college (it demonstrated I was interested in business, I also took accounting and other essential subjects I didn't focus much on as a liberal arts major).

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Sep 19, 2010 - 10:25pm
brokencircle13, what's your opinion? Comment below:

All of them is great. What you have to be able to do is to tell them why you did what you did. In fact, if you end up doing something unique, like own an ice cream cart and sold it for the summer, it'll be something that stands out on your resume. (An investment banker once told me this... I believe it was in Perella? Not sure)

Ultimately, show that you can juggle life, work, and more work, and you try to keep yourself busy, and banks like to see that. And if you can add a little flair to your resume, it's a good thing. Remember, they have to go through so many resumes that it helps to have something unique.

--Death, lighter than a feather; duty, heavier than a mountain
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Sep 24, 2010 - 4:08pm
SwaGGeReR, what's your opinion? Comment below:

Bumping this thread up.

I've been to a few information sessions at my school as well as the career fair. Unfortunately, all the firms I talked to are looking for juniors/seniors, not freshman.

How would a freshman like myself go about getting a desirable internship in ibanking, or at least PWM or the like? Also, it seems most firms are recruiting for full-time now. When do they start recruiting for internships?

Some things I've considered to break in:

-cold call/email -trip to NY-leverage the contacts I have now

Sep 24, 2010 - 4:09pm
testing.now, what's your opinion? Comment below:

so what the hell did you do your sophomore summer? (Originally Posted: 03/03/2007)

dartmouth math/econ with a 3.5 here desperately looking for something to DO this summer.. tried to apply for a bunch of internships through university recruiting and got a few interviews. performed well, but got shafted once they found out I was a sophomore. last year I took summer classes and worked on-campus doing econ research (got published too!) but I don't want to do the same this summer. should I try to look locally for a job? what did you guys do?

Sep 24, 2010 - 4:53pm
Priyankakv, what's your opinion? Comment below:

Hi, how was your experience at that boutique and could you please assist me in finding some no name boutiques. I'm an accounting major from a non-target school but due to my current internship in a boutique i have been very interested in IBD. I know i cant transfer from within but i would like to work during school in NYC at some "no name" boutique that would be willing to hire somebody willing to learn all about IBD. I can build models and do comp analysis.

Thanks!!!

Sep 24, 2010 - 4:14pm
manny07, what's your opinion? Comment below:

Worked as an RA for an econ prof. If you want to take this route, I would recommend emailing your favorite profs.

Sep 24, 2010 - 4:16pm
goldson23, what's your opinion? Comment below:

I am from a non-target and worked at Ernst & Young on the internal audit side. Most companies won't care if you are a sophomore or junior if they think you are good.

Sep 24, 2010 - 4:17pm
Dfan123, what's your opinion? Comment below:

You should hit up the career advisory network (on the alumni affairs website), and find MD's at tiny banks. Blitz them, and tell them your story. I know a freshman from D who got a job freshman summer this way at a regional boutique. It won't look nearly as good as a job at a BB, but you should be able to get some skills and a better idea of the industry.

Sep 24, 2010 - 4:18pm
zala rules, what's your opinion? Comment below:
stparsley:
You should hit up the career advisory network (on the alumni affairs website), and find MD's at tiny banks. Blitz them, and tell them your story. I know a freshman from D who got a job freshman summer this way at a regional boutique. It won't look nearly as good as a job at a BB, but you should be able to get some skills and a better idea of the industry.

I'm pretty sure that this is THE best thing you can do. Any boutique is fine - it doesn't matter how low you have to go.

Sep 24, 2010 - 4:19pm
grandpabuzz, what's your opinion? Comment below:

What about freshman summer? It doesn't look my first round interview went very well for JPMorgan. Would volunteering be a good option?

Sep 24, 2010 - 4:20pm
anon3333, what's your opinion? Comment below:

I was basically in the same boat as you with the same options. Ended up applying to an oil company and got in. Great pay (just as much as IB pays during the summer), didn't really do anything, lots of events. Not a bad way to spend your summer.

Sep 24, 2010 - 4:21pm
testing.now, what's your opinion? Comment below:

the option to do econ research is always open to me-- the professor happens to be a friend of the family -- but I'd rather not, seeing as how I already did it one summer. I'll try hitting up some of the alumni.. although when I asked my advisor about that, he was like "FUCK NO, DONT DO THAT YOU MORON, THATS NOT WHAT THE DATABASE IS FOR!" according to him, I should only use that DB for questions about jobs, not for actually applying to one.

I wonder if I can maybe do research for someone at Tuck, but I'd certainly like to get a legitimate job this summer if possible.

Sep 24, 2010 - 4:22pm
Prescott Moncrief III_0, what's your opinion? Comment below:

Econ research is more than a legitimate job. Most kids you will be competing with next summer will have just done some bullshit pwm/"financial advisory" shit for Smith Barney in Piscataway, NJ.

And your advisor is right about the database. But what you can do is email him talking about how you're a sophomore interested in the industry who would appreciate any advice whatsoever on how to get in as a sophomore. You might also want to add that you would be very grateful if he could take a look at your resume and issue some brief pointers. 4/5 guys may just not give a shit or have the time to give a shit, but it's all a game of numbers, so if you get one, you're set.

Sep 24, 2010 - 4:23pm
freeloader, what's your opinion? Comment below:

Talking alumni is the way to open doors. You don't ask for a job when you are talking to them, you are presenting yourself in an intelligent manner, showing that you have an interest in the industry, and are competent at doing the work...basically the same things you try to convey in a real interview.

Usually if you can sufficiently impress an alum, that opens the door to a conversation about possible opportunities.

Sep 24, 2010 - 4:25pm
-----, what's your opinion? Comment below:

Worked at a small Startup in the Valley for 10 weeks; travelled and played a lot of golf the rest of the time.

Freshman year I just played a lot of golf. Waited tables.

Sep 24, 2010 - 4:27pm
patekphilippe, what's your opinion? Comment below:

usually woke up around 1pm, played 18 holes at my friend's country club, started pounding beers on the golf course, continued pounding beers into dinner (usually just grilled some steaks outside the frat house). napped from about 7-9, showered, started drinking again at 930, passed out by 3-4 am. once in a while, the afternoon trip to the golf course would be replaced by sailing, hunting, or video games.

how about some honesty people, this isnt a job interview.

Sep 24, 2010 - 4:28pm
TheKing, what's your opinion? Comment below:

I woke in PWM-Controlling for a BB. It was a boring ass job, but it gave me a lot of time to go out at night in NYC and just have fun. Turned that into a boutique IB internship the fall of my junior year (I go to NYU).

Doing something good for the resume is important, but if you go to a top school, it probably becomes less important. But, everyone knows that not working in PWM is fratty as hell.

Sep 24, 2010 - 4:32pm
MikiLzrd, what's your opinion? Comment below:

Also, TheKing.. was not being in Stern a huge disadvantage? What's your GPA if you don't mind me asking?

I'm highly considering NYU econ Thanks

Sep 24, 2010 - 4:33pm
jaclee317, what's your opinion? Comment below:

I'm in the same position as the OP. Even at the internship fair, none of the companies seemed to be interested in sophomores.

Sep 24, 2010 - 4:36pm
howard, what's your opinion? Comment below:

Hey Im a rising junior at a target school with a good gpa and good extra curriculars.I'm currently interning in the treasury operations departments over at Merrill Lynch. They give me a lot of pretty substantial work to do and a lot of responsibility. just like everyone else on this website i want to do i-banking. Do you'll think working in the operations department this summer will help me get an internship at a BB bank next summer after my junior year. thanks

Sep 24, 2010 - 4:37pm
ThoughtMan, what's your opinion? Comment below:

Its the whole picture, not just one internship - for example, a fraternity president position will get as much or more weight as a shitty financial advisory internship IMO.

ML on the resume looks good, did you mostly do reconciliations?

Sep 24, 2010 - 4:38pm
howard, what's your opinion? Comment below:

i was actually put in charge of managing databases and i assist in the processing of ML Capital's mutual fund transfers, daily funds flow estimates( interest payments) and i help with debt issuances(CP's, Bonds etc.).. Do you think this will help

Sep 24, 2010 - 4:39pm
ThoughtMan, what's your opinion? Comment below:

Yeah, that is a good deal of responsibility. Can you quantify it in terms of amount of funds you watched over on a weekly/daily/monthly basis?

Sep 24, 2010 - 4:40pm
UES802, what's your opinion? Comment below:

Currently working at BNY Mellon in Pittsburgh, in the global securities services department. My interest in the job is cyclical to say the least. When working on a project, it's fun, maybe even stimulating at times, but in between projects, it can be absurdly boring.

Sep 24, 2010 - 4:44pm
gomes3pc, what's your opinion? Comment below:

Worked in the finance department for a decent sized city (~$500M budget). Drank heavily. Spent weekends at the beach house. Had plenty of sex.

Get something in finance that won't completely bore you to death. See if you can work at a boutique full time or at least 25 hours a week. If you can't get that, then get the best paying job you can find, do some volunteering, and party.

Sep 24, 2010 - 4:45pm
ThoughtMan, what's your opinion? Comment below:

I smoked a bag of meth

Worked at a foreign merchant bank (same as Ibank) in NYC, which just opened its office a year before. Comps, performed research, investor sales material = pretty standard stuff. Then at a hedge fund doing basic ER in certain sectors.

But keep in mind that you need to drink and smoke a lot of cannabis on weekends and 1-2 weekdays a week, just because its summer and your not trying to get FT yet. Apartment roof tops are best for blazing.

Btw, question:

If you did two internships in one summer, would you just put the months you did each one...or maybe the months or the shorter one and "Summer 06" for the longer one or what...just wondering. Also on your resume, should you put the level of assets under management for a hedge fund.

Sep 24, 2010 - 4:48pm
Patrick Bateman, what's your opinion? Comment below:

Worked as a camp counselor and partied, no need to do an internship.

Sep 24, 2010 - 4:49pm
BabyBeluga, what's your opinion? Comment below:

I'm at a PIPE fund (private investment in public equity)--very unique investment strategy. I've been analyzing potential PIPE investments, I put together some comps which were included in a PPM (private placement memorandum), and I also authored an industry report which was published in another PPM and on the internet. I've been learning a lot and it's pretty sweet stuff--not quite banking, but definitely interesting. What have you been doing?

Sep 24, 2010 - 4:50pm
ThoughtMan, what's your opinion? Comment below:

My HF internship was last summer but I also made comps comparing investments, compared forward ratios using estimates, put everything into excel, a great deal of data gathering and compiling so that research analysts could figure out what companies to pursue.

I liked the HF internship much more than banking in terms of how useful it was in gaining market knowledge.

Sep 24, 2010 - 4:56pm
solarsonic99, what's your opinion? Comment below:

Figuring out what to do this summer (undergrad wharton sophomore) (Originally Posted: 04/21/2015)

Hi guys. I wanted to start out by saying my bad on any etiquette mistakes I make. This is my first post. A bit of background-I'm finishing up my sophomore year as a wharton undergrad in an uncoordinated dual degree. I've got somewhere between a 3.75 and a 3.8 and the other degree is in an unrelated science major. The goal is to end up doing as well as I can in junior year ocr for banking/PE if I can swing it. This summer I was lucky enough to end up with options and it really came down to two. I'd appreciate any advice you have.

I got into a GS/MS/BX Asset Management program. I've done asset management in the past and I don't particularly love it but it really feels like the right resume/career move for what I want to do in the future. On the other hand I have an offer at a really cool startup that isn't remotely applicable to finance. However I know that I'd learn a lot more and enjoy it quite a bit. Deep inside I know it's where I want to be this summer.

So here's the question. How much am I hurting myself if I turn down the top tier asset management group. I'm worried about the number and quality of ocr interviews that I'll get. Current and past Penn students will probably have the most insight into this.

Thanks for your time. I appreciate it.

Sep 24, 2010 - 4:58pm
fallensyrup, what's your opinion? Comment below:

What to do this summer? Sophomore. (Originally Posted: 05/08/2014)

It's May 7, I'm a current sophomore, and I have yet to arrange plans for the summer. My GPA is not bad (>3.5) and I'm in the finance program at a target school, relatively involved on campus. The goal is to do BB IBD next summer, then full time and go into PE after getting an MBA, but I decided that finance was the goal a little late in the year. The logical thing to do, of course, is get a summer internship at an MM/boutique IB, PWM, etc, but again I decided to do A) finance as a career and B) to do an internship over a study abroad both too late. None of these worked out -- at first they were unwilling to give positions to a sophomore, now it's a matter of positions being filled. I have an interview process going on now, which is nice, but I think they are unwilling to give the position to somebody who doesn't want to do part time next school-year.

Now it comes down to this -- do I take classes, ask professors about research positions, or just keep cold-calling/e-mailing PWM and boutique IBs? I'm kind of leaning towards taking a couple of classes -- pricy, but I'm going to need to get surgery that would put me out of commission for 1-2 weeks, and waiting until the school year is off the table.

I've read as many threads re: internship-less soph-junior summers, but I guess my question is this: is it still possible to do BB IBD SA next summer without financial internship experience this summer? And what would be my most productive use of the summer as far as next summer and beyond goes?

Sorry, kind of just a rant, but I've been getting very anxious and upset about not having a summer internship. Thank you for any thoughts and advice!

Sep 24, 2010 - 4:59pm
notthehospitalER, what's your opinion? Comment below:

Unfortunately very tough to get IB SA junior year without some sort of somewhat relevant experience sophomore year (to my knowledge) - I could be wrong, and your target school etc might be mitigating factors. You'll need to do something this summer to get IB next, and asking here was a good move - I bet people will be able to provide some good suggestions re: what to do. I won't weigh in in case I'm wrong re: chances

Sep 24, 2010 - 5:01pm
goodL1fe, what's your opinion? Comment below:

If you cannot find a relevant please do something interesting.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Sep 24, 2010 - 5:02pm
Matayo, what's your opinion? Comment below:

yes definitely this

.
Sep 24, 2010 - 5:06pm
testact100, what's your opinion? Comment below:

I have an internship this summer as a rising sophomore, what to do next summer? (Originally Posted: 07/01/2010)

Landed a summer internship at a well-known and highly ranked boutique investment bank as a rising sophomore.. It's a 10-week program that's pretty comprehensive. I'm given great deal exposure and learning a very good amount, and am starting to become pretty well-versed in the industry. I go to a top ranked liberal arts school.

Advice on what to do for next summer?

Doing a sophomore rotation almost makes the most sense... how valuable do you think my experience here is when applying for those? How confident should I be having already completed a full internship (where there are 3 other interns who are all rising seniors)? How do the rotations compare to the Jr. internships in regards to hours/expectations/etc.?

Would it be smart to try and work for another boutique? A PE firm maybe since I still have so much time? Any other ideas?

Lastly, assuming next summer would be my big junior internship (which it isn't just to clarify, I'm class of 2013), how much weight would my working at a boutique hold when applying to the big banks or even to another boutique?

Any insight is appreciated. Thanks.

Sep 24, 2010 - 5:07pm
BankonBanking, what's your opinion? Comment below:

Given that you're working at a strong boutique now as a rising soph, as a rising junior, you should be networking towards and applying to actual SA programs with the BBs. If you are interested in IB post U Grad, then definitely make the push for a BB SA position. Doing this will allow you to both gain incredibly strong experience on your resume ahead of junior year, in addition to exposing you to the BB IB life as well as that particular BB. This will set you up well for your next summer as a junior, when the FT offers will be coming. You will have the opportunity to go back to your previous BB or try a new one if your experience wasn't that great with your first BB.

If you can't get into a BB, then push for another strong boutique. Landing this series of internships ahead of FT recruiting could very well set you up to not break into FT IB, but even FT P/E with a good shop. I wouldn't go with a rotational program unless you really aren't sure what you're interested in. Given your solid experience so early, if you know what you're interested in (in other words if you're interested in IB or PE), then I'd push for the straight path - top school, good GPA (I'm assuming here), and a great jump start on work experience makes you competitive for sure.

Good luck

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Sep 24, 2010 - 5:08pm
testact100, what's your opinion? Comment below:

Appreciate the advice. Good stuff.

Still open to other ideas for how to spend my next summer..

Sep 24, 2010 - 5:09pm
testact100, what's your opinion? Comment below:

And I'm pretty set on going IB, only reason I mentioned PE was because I basically have a summer to spare and thought maybe IB's will hold 2 internships (1 being IB, 1 being PE) in a higher regard than 2 internships that are both IB. Maybe not though

Sep 24, 2010 - 5:12pm
toobig2fail, what's your opinion? Comment below:

I am in a very similar position... i am also a rising sophomore and intern at a boutique but it isnt as well known. I am looking to try to land an internship with a bigger boutique over the course of this year and eventually at a BB. What do you recommend i fill my time with in terms of internships self learning etc to best prepare myself for a bb

Sep 24, 2010 - 5:15pm
testact100, what's your opinion? Comment below:

CNB90... Just sounds like a waste of a possibly HUGE competitive advantage. Having 1 internship under your belt when applying to BB's after Jr. year is one thing, having completed two is another...

I really want to take advantage of the extra summer, still open to ideas

Sep 24, 2010 - 5:16pm
CNB90, what's your opinion? Comment below:

Gramsquad,

I have two internships already. I rotated for 5 weeks in one bank (ibd/pe/IM) and then another 5 weeks in the IBD of another Ibank - I built and worked on various models and heck I even saved the value and viability of a deal with an idea of mine that I, without order or notice, created a model for. In short, we're young once and our careers will consume 40 years of our lives - I might travel for a few weeks before my internship next summer should I have one, or I might just say F it and travel longer - I'm sure I'll make the right decision, if any bank has a problem with it, they can kiss my ass, I can always go back to the bank I interned at this summer.

Sep 24, 2010 - 5:20pm
toobig2fail, what's your opinion? Comment below:

I applied to many firms on craigslist and did a lot of networking.. even though my networking didnt have anything to do with landing this job it helped me get comfortable talking to professionals

Sep 24, 2010 - 5:21pm
thewolf, what's your opinion? Comment below:

What to do sophomore summer? (Originally Posted: 03/06/2014)

Hi,

I was looking for some advice as to what to do sophomore summer if I hope to intern in investment banking during junior summer. I currently am looking at interning at a venture capital firm in Israel, a trading firm in New York or a hedge fund in Canada. I appreciate any and all advice. Thanks

Sep 24, 2010 - 5:23pm
KimchiNoodleSoup, what's your opinion? Comment below:

1) Are you at a target? 2) If you know, what IBD group do you want next year 3) More description of your role in each would be nice

Best Response
Sep 24, 2010 - 5:24pm
evilmindbulgaria, what's your opinion? Comment below:

Sophomore Summer - What to Do (Originally Posted: 05/04/2012)

I am in a tough position right now. Recruiting has been brutal and I didn't get any offers. So I have two options:

  1. I can take a really informal internship with a cool real estate startup an hour away from my school; however, it is unpaid and the guaranteed work is only twice a week. Money is a factor here since my parents will be able to pay my next semester if I don't have many costs for the summer. I won't be able to work the rest of the time on campus (my only option because I am international) because it's an hour or so commute between the two places. The guy said that if there are vacancies in some of the properties, he could put me there but no guarantee. So if I take that I should hope to either a) get another part-time internship or b) get to live into some of the guy's properties.
  2. I can go back home (look at my username to figure where home is) and try to take a internship with a bank there; however, it's most probably gonna be a joke (except for a few branches of worldwide companies, such as KPMG, Citi, and BNP Paribas), but I will still have something on my resume to demonstrate interest in finance. My only cost would be the plane ticket back home.

So what do you think is the better option that would position me better for an internship after junior year? I'm a sophomore right now and go to a semi-target.

Thanks!

Sep 24, 2010 - 5:27pm
evilmindbulgaria, what's your opinion? Comment below:

Update here: just received an email from an M&A boutique back home. Said they don't have an internship program but can give me a few projects to work on and meet them occasionally to coordinate the work. Because they have clients and a small office in my town, I can work from there. Will talk to them on Wednesday. Is it worth it to go back and do that instead of the entrepreneur thing here (it's just 2 days a week)?

Sep 24, 2010 - 5:29pm
mactrader, what's your opinion? Comment below:

What Should I do for Sophomore Summer (Originally Posted: 09/13/2009)

Hello,

I'm a sophomore who hopes to get on a trading desk at a BB for my summer after junior year. My dream would be something like working on the emerging market trading desk at Goldman.

What should I try for this summer that would best position me for applying to these positions next summer? I'm thinking something on the buy-side would be best, right? Should I try and find a hedge fund or mutual fund to intern at?

Sep 24, 2010 - 5:31pm
mactrader, what's your opinion? Comment below:

Thanks for the comment.

Did you have any work experience prior to your internship at the HF? I'm asking because I have absolutely zero relevant work experience. I do go to a target school, so hopefully Ill be able to get the internship on my grades and expressed interest alone.

Also, did you offer to work for free? Was your HF internship paid?

Sep 24, 2010 - 5:33pm
mactrader, what's your opinion? Comment below:

How did you go about finding the internship? Did you search your alumni database? Or did you just search for firms over the internet and cold email?

Sep 24, 2010 - 5:37pm
FutureGekko, what's your opinion? Comment below:

What can freshmen do over the summer? (Originally Posted: 12/28/2009)

What did you do over the summer after you completed your freshman year? I'm trying to remain productive, but there really is not much being offered for freshmen. I'm thinking about registering for summer school and boosting my GPA...

Sep 24, 2010 - 5:38pm
CompBanker, what's your opinion? Comment below:

I was fortunate enough to land an internship the summer after my freshman year. However, a lot of people i know went on to wait tables or work similar jobs to keep the beer money flowing. For your career, you're certainly not expected to do anything amazing. While improving your GPA never hurts, going to summer school is a drag. I'd say, spend 80% of your summer working some standard job, and then spend a week or two doing some traveling. It's always fun to spend a week with high school buddies that you haven't seen much since going to college.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

  • 1
Sep 24, 2010 - 5:39pm
pantherdb26, what's your opinion? Comment below:

Lots of people do study abroad during the summer

Sep 24, 2010 - 5:40pm
AlphaGeneration, what's your opinion? Comment below:

I was also pretty lucky to get an internship my summer after frosh year. It wasn't paid but provided great experience, which became a great plus when getting interviews the next few years. Biggest tip is to be hungry and be willing to network hard. Feel free to look beyond your regular ibanking/pe places and include private wealth management and anything finance related.

Sep 24, 2010 - 5:43pm
runningcitylikediddy, what's your opinion? Comment below:

I did a paid internship at a fortune 25 company, that said though, I was lucky to land it... most of my friends waited tables... but what you could do is also try doing unpaid internships as mentioned before, and if you really want to boost your gpa, you can get a part time job on the side so you have some money coming in. Traveling isn't bad either, I would suggest backpacking, bankers love that shit.

Sep 24, 2010 - 5:44pm
jotah, what's your opinion? Comment below:

Landed an internship in trading.

If you can't find an internship that's paid (ideal) find a standard job to generate some cash. Then go look for someone who will let you come in and shadow them/do menial tasks for a couple hours a week unpaid for some exposure (private wealth management comes to mind). Use the money you make and the free time you have to start investing in reading materials on finance topics/careers that interest you for the future. School is school, as long as you're not behind or have a subpar GPA, don't do summer classes. I learned more about trading/banking by reading Hull, tinkering around with Damodoran's models, etc. than from the stuff you learn in school. Then use the knowledge base you build to begin reaching out to alumni and exploring what's out there. Network early and often to begin casting your net as wide as possible.

Don't forget to enjoy yourself either though.

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Sep 24, 2010 - 5:47pm
jotah, what's your opinion? Comment below:

Find out who your parents know. Find out if there are any alums working in the area who could point you in the right direction. Call local wealth management branches and see what the prospects are.

Sep 24, 2010 - 5:48pm
oversold, what's your opinion? Comment below:

People w/ jobs and w/ jobs lined up - What did you do your freshman summer? (Originally Posted: 03/21/2008)

The title pretty much says it all. After reading that some people are willing to spend 10k on a finance prep summer thing, I thought it'd be pretty funny to hear what some people who have FT jobs/offers or even SA offers did their freshman summer...or I could be wrong, but anyway -

I was a waiter at a "mexican cantina" and spent much of my summer drunk off tequila, serving margaritas to forty year old women who tipped pretty well. Somehow, I've managed to turn that into an SA offer. Any others?

 

  • 1
Sep 24, 2010 - 5:49pm
heyman800, what's your opinion? Comment below:

I interned 3 days a week at Smith Barney... Not too exciting

Sep 24, 2010 - 5:53pm
waltersobchek, what's your opinion? Comment below:

i worked in a grocery store - mainly to pay for gas/ganja/beer - it was a fun summer, and i'm glad i did something fun before i began doing internships the next summer

Sep 24, 2010 - 5:56pm
meehgs, what's your opinion? Comment below:

I worked at a summer camp freshman summer and the same summer camp sophomore summer, sailing and playing with kids all day long, and had no problems getting very good SA offers...

Sometimes I think people stress a little too much haha :-)

Sep 24, 2010 - 5:58pm
EE, what's your opinion? Comment below:

took xferable classes at a community college and worked at banana republic, both were memorable experiences in their own special ways...

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

Sep 24, 2010 - 6:00pm
CompBanker, what's your opinion? Comment below:

Did an internship with The TJX Companies -- was pretty legit, mostly juniors / sophomores. Of course, I slacked and spent my sophomore summer shucking oysters behind a bar.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Sep 24, 2010 - 6:01pm
dabears13, what's your opinion? Comment below:

same as one of the guys above...worked at a summer camp and had a great time. Never even thought about doing a finance internship to prepare for the SA offer I got. Some people on here are trying to prep too hard in advance. i never even thought about wall street freshman year.

Sep 24, 2010 - 6:04pm
fandango, what's your opinion? Comment below:

Unstructured internships in corporate business development and m&a freshman and sophomore summers, IBD junior summer. Now S&T FT offer. Freshman and sophomore summers were in my parents' home country, so had an awesome time and learned a lot about the country, the people, the culture and made some good friends there. And working hours were flexible (you could come in between 6am and 10am and leave between 2pm and 6pm). I chose 6am to 2pm, so I had time to hit the beach on most days. It was awesome!


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
  • 2
Sep 24, 2010 - 6:05pm
quaker9, what's your opinion? Comment below:

I came home from school and did nothing for three months except house sit for my neighbors. In hindsight, I consider myself very fortunate to have gotten a job. I had at least a few interviewers give me a hard time about not working after freshman summer.

My advice: do something, it really hurts having that gap on your resume.

Sep 24, 2010 - 6:07pm
valueinvest75, what's your opinion? Comment below:

I just took classes and hung out all summer, I don't think there is any real rush after your freshman year. I would just chill out and have fun because you aren't going to have many summers after that.

Sep 24, 2010 - 6:09pm
monkeymania, what's your opinion? Comment below:

nystateofmind nailed it, i studied abroad and had a great time w/o learning anything at all, but it gave me something to talk about. It doesn't matter what you do as long as you do something you can point to. Just don't sit at home by the pool the whole summer. Get a part time job, travel, classes ect. so you have something to talk about down the line.

Sep 24, 2010 - 6:14pm
grandpabuzz, what's your opinion? Comment below:

Would working as an intern to a financial adviser at a place like Edward Jones be a good sophomore internship vs. working at a place like FXCM doing research? I know neither are glamorous, but that's all I got so far.

Sep 24, 2010 - 6:18pm
PowerMonkey, what's your opinion? Comment below:

Freshman: I worked at fedex unloading trucks from 5-9am then delivering packages till about 3pm. Some days I would also lifeguard.

Sophmore: Worked at the library, took a class, went to Australia

Junior: MM PE/buyside search

Real world: BB IBD

It takes all kinds people, stop stressing out.

--There are stupid questions, so think first.
  • 1
Sep 24, 2010 - 6:19pm
DaniNo, what's your opinion? Comment below:

freshman summer: worked on capitol hill in congressperson's office

Currently a sophomore- doing a sophomore internship this summer with a BB

Sep 24, 2010 - 6:20pm
CaptK, what's your opinion? Comment below:

Worked part-time at a company that did on-site tech support for small businesses. Basically, we were their IT department, and they didn't need to hire their own people.

While I wasn't at work I screwed around and went to the beach. Don't take yourself too seriously.

Landed a IBD internship and FT offer, but took a FT offer at a different bank.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • 1
Sep 24, 2010 - 6:21pm
Krakauer, what's your opinion? Comment below:

I didn't have ANYTHING business related until my sophomore summer. 3 internships: sophomore summer, junior fall, junior spring. Then BB position. Honestly though, pre-sophomore summer my experience was at a coffee shop and places like that...

Sep 24, 2010 - 6:22pm
srr636, what's your opinion? Comment below:

worked at the Fed & cocktail waitress-ed on the weekends..

Sep 24, 2010 - 6:23pm
EE, what's your opinion? Comment below:

the Fed? thats awesome

srr636:
worked at the Fed & cocktail waitress-ed on the weekends..

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

Sep 24, 2010 - 6:26pm
srr636, what's your opinion? Comment below:

EE - the Fed is significantly less fun to work at than people would imagine, but it was a solid name to have on my resume, opened a ton of doors for me down the road.

Sep 24, 2010 - 6:27pm
EE, what's your opinion? Comment below:

i'll bet. wish i did something as cool as that my post-freshman summer.

i worked on an exchange floor my post-soph summer but that didn't open too many doors, surprisingly enough for me at the time

srr636:
EE - the Fed is significantly less fun to work at than people would imagine, but it was a solid name to have on my resume, opened a ton of doors for me down the road.

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

  • 1
Sep 24, 2010 - 6:29pm
strato22, what's your opinion? Comment below:

Taught tennis my freshman year and interned for little pay at a commodities based HF for soph year, but as other people have said as long as you have a passion for finance/markets and something to talk about in the interview you should be fine.

Sep 24, 2010 - 6:34pm
rage32, what's your opinion? Comment below:

I worked for a direct marketing company (aka going door to selling promotions) for a couple of months. Then my best friends and I went on a 20-day road trip across the country from coast-to-coast. Best decision ever. I've got an internship at a top boutique this summer.

Sep 24, 2010 - 6:38pm
oversold, what's your opinion? Comment below:

I don't think it really hurts as long as you don't have anything better to put in its place. If you can spin it as "relevant," then by all means list it...

For example, I put my high school job as a short order cook on my resume - During an interview, I actually had the question "walk me through the various positions you have listed on your resume, and tell me one important thing that you learned at each" - I used the obvious "being able to handle stress in a pressure-filled environment" for the cook position.

 

  • 1
Sep 24, 2010 - 6:40pm
milkman84, what's your opinion? Comment below:

Aut dolorum ipsam sapiente sed omnis labore. Amet molestias quae libero quia repellendus cupiditate blanditiis delectus. Quia aliquam aut eveniet ut. Itaque qui sit odit corporis consequuntur. Fuga dolor et quidem natus libero ut nesciunt voluptatem. Delectus reprehenderit exercitationem quis ducimus suscipit non est. Repellendus dolor excepturi fugiat earum numquam.

Ut sed aspernatur optio perferendis. Aperiam qui vel et. Commodi voluptate dolorum aut earum. Accusantium provident qui id omnis tempora et. Quibusdam saepe sapiente vel ut soluta voluptatibus perferendis sapiente. Exercitationem error et qui sed ratione aperiam.

Doloribus atque velit hic. Hic fuga maxime molestiae ut modi dolor. Ut eum iusto aut veritatis sequi expedita inventore labore. Sit corrupti ad nostrum libero. Quasi amet repudiandae minus sunt esse cum blanditiis.

Necessitatibus deserunt illo cumque nemo assumenda tempore et. In et autem voluptas eius quidem autem et. Et ut aliquid occaecati ab voluptate ea. Molestiae distinctio ut porro cum repudiandae. Aut et aut voluptas fuga. Et aut eius non ut velit eos eaque.

Sep 24, 2010 - 6:41pm
Sterling Archer, what's your opinion? Comment below:

Enim occaecati molestias rerum sit tenetur quis. Nostrum voluptatem voluptatum voluptas quos. Qui est nam aut fugiat aliquid. Molestias exercitationem officia nisi accusamus ex ut quia.

Blanditiis sed vel sunt animi dolorem. Error sit enim aut rerum.

Doloremque quia ut doloribus iure. Eaque iste reiciendis quo consequatur earum quibusdam. Est exercitationem reiciendis est nobis eaque nesciunt. Eaque est earum rerum. Rerum corrupti sapiente sit cumque.

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Sep 24, 2010 - 6:42pm
guts, what's your opinion? Comment below:

Ex consectetur a omnis quidem. Quis at voluptatem nisi voluptatibus. Deleniti similique nostrum dicta et earum facere illum. Ipsa dolorum voluptatem pariatur enim laudantium ut. Veritatis voluptatem sit delectus eligendi ea velit consequatur totam.

Quo ut aspernatur vel in ad sed perspiciatis. Ea quia debitis reprehenderit tempora et qui dicta. Totam ullam aut porro id. Adipisci ratione consequuntur architecto quia eligendi dolorem repellat laudantium. Fuga assumenda id quae illo quas.

Sed aliquid voluptatibus quos officia. Quisquam et aliquam molestiae et eum id. Vero et omnis quod culpa nesciunt praesentium.

Sep 24, 2010 - 6:43pm
yawster, what's your opinion? Comment below:

Dolor dolor illo dolorem unde atque at iure iusto. Assumenda quia ea optio ut.

Occaecati rerum id aliquam eos est. Sunt voluptatem dolore velit occaecati perspiciatis itaque.

Et omnis facilis velit error molestiae. Doloremque quia sunt quasi. Error dolore totam cupiditate corrupti et. Perferendis qui commodi facere saepe omnis quisquam quis sint. Animi error repudiandae amet et culpa sequi dolorem.

Sep 24, 2010 - 6:44pm
MikiLzrd, what's your opinion? Comment below:

Perspiciatis nisi aut est beatae ad voluptates rerum dolorem. Praesentium modi accusamus dicta illo. Dignissimos unde maiores ut officia rem sint deleniti. Quia et deleniti eveniet dicta laborum praesentium iste. Sapiente facilis veniam qui ipsum reprehenderit quae asperiores ad.

Rerum rerum velit quam blanditiis itaque voluptates corporis. Consequatur beatae saepe mollitia voluptates velit officiis. Tempore molestiae fugiat vero repellat nostrum doloribus. Quia nihil laudantium est sed. Perferendis placeat delectus ut assumenda illo.

Sep 24, 2010 - 6:47pm
tradinganalyst, what's your opinion? Comment below:

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Sint aut libero aliquam quaerat veniam. Consequatur in quaerat deserunt velit earum perferendis.

Sep 24, 2010 - 6:48pm
Cornelius, what's your opinion? Comment below:

Doloremque a ipsum aut. Est ea omnis quod delectus ut eos saepe beatae. Earum est soluta ipsa cum sequi.

Porro itaque totam non exercitationem consequatur aut voluptatem id. Et delectus quod eligendi beatae dolor sint ad. Commodi error quidem natus. Ullam numquam voluptatibus sed maxime ab voluptas non sit.

Nobis temporibus quis non vel praesentium. Error eum voluptas facere et consectetur ea. Culpa repudiandae veritatis sint est quia recusandae eligendi.

Et aperiam autem est dicta possimus quisquam molestias sequi. Ut natus facere non optio non. Dolor voluptas dicta natus quae non. Eaque tempore voluptatem nam nulla ut laudantium sunt quod.

------------ I'm making it up as I go along.
Sep 24, 2010 - 6:49pm
gomi, what's your opinion? Comment below:

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