Does resume need to fit with IB?
Does the resume need to cleanly fit with IB (like have deals, M&A, LBO, DCF experience etc) for SA26 internships, or are investment experiences and wealth management internships enough? Broadly speaking, should I try to get my experiences on my resume to match key parts of IB (deal making, client interactions, team development, any others?)
I review resumes at my firm and I would be highly suspicious of any sophomore who claims to have deal experience or meaningful client interaction, even if interning in IB, unless it's some special situation where you have a year-long internship somewhere
Anything in finance is sufficient given how early IB recruits. Write your bullet points to be impactful, but truthful - don't over-embellish or pretend it's IB if it's not. People in IB know the type of work you'd be doing in your WM internship, so saying you did IB tasks there would just make it seem like you are lying.
Thanks for the feedback. Broadly speaking, should I try to emphasize IB relevant skills (like in wealth management, meeting with clients and in projects/ internships, working in team) or is that unnecessary?
Yes, sure, but just be careful that it's factual and truthful. Your first post talking about LBOs, DCF and M&A worry me - don't put those if you didn't do them.
I would make a list of what you actually did and look to strengthen the wording a bit from there. ie - did you actually meet with clients at your PWM internship or were you just shadowing a meeting or two? People will ask questions based on what you have on your resume, so you should be comfortable talking about it.
For example - if your resume makes it seem like you were regularly meeting with clients on portfolio allocation but you struggle to tell me what you did when pressed on it a bit more, that's likely a ding, and an avoidable one at that. Lean towards underselling vs overselling.
The bar is low in terms of expectations this early on, if you have 2 internships you're already ahead of the game
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