Bnp Paribas S&T Internship
Hey everyone. As in the title, I got an offer for BNP to their equity derivatives (structure products) S&T division. I interviews at better places coming up but they want an answer before those interviews take place. As this is my sophemore internship I am looking to get into BB for a junior year one. Do you think that BNP (considering it is Europe and they are quire large here) is a good enough name that makes it possible to ger interviews at the large banks? Any advice/tip is appreciated.
Best
I interned at a French bank in Europe ( you can guess which one lmao) and it seems that the French in general tend to be stronger in s&t and derivatives. You’ll find that a lot of French people are at banks in their s&t group. I’m sure that having BNP,Socgen or Natixis isn’t going to hinder you for junior year. You have a big name on your CV, congrats!
Thanks for the answer really appreciate your help! Yes the french banks are pretty big in derivs. Did you feel like it helped you? Problem as I mentioned is that i have other interviews wirh names like DB etc. and have no idea if its worth the risk. Thanks again!
Sophomore year internships are tricky in the sense that not a lot of huge firms recruit thus leading more kids to lesser known firms (absolutely no issue there) but you have BNP as a sophomore and thats really strong and also impressive. Just wondering, are you gunning for s&t or IB next year? Someone with more experience can chime in but I doubt you’d have a hard time articulating your interest for s&t junior year coming out of a BNP internship. I do get your frustration though. Can you hit up DB letting them know about your offer? I don’t wanna give out too much but I ended up recruiting at a strong consulting firm. I think CO tends to care more about name brand so I felt like it helped.
Careful with SG and Natixis (US and Asia in particular) as both equity derivs books blew up in last years.
I thought BNP is considered BB level in S&T. They are performing the best among EU banks (besides Barclays if you count UK) as an institution despite all the challenges facing European banks in general. I know they are building out their rates desk right now and that they've always been famous for equity derivatives. I don't know how their graduate program works though.
I'm in the process for a sophomore internship at a euro bank in the USA and have a super day lined up for junior year summer at a Canadian bank so it is sortve awkward. Getting a sophomore SA at BNP would definitely make it very easy to recruit at another bank for S&T jr year if you want to.
To add on, I would not say this with the other French banks including BNP's top competitor Soc Gen which is struggling. BNP is an exception.
Did similar to you - sophomore S&T at one of the French banks you mentioned above, following summer decided I wanted IB and got into a tier 1 BB in NYC. Having the experience for me was huge. Take the offer. My resume was on the top of every pile after having worked at a real shop with real people on real deals/trades.
1) gives you a taste of real S&T, if you like it, great, you learned a lot and can go to a better firm and desk next summer
2) if you don't like it, you can explain you had the offer, were a sophomore, learned a lot and want to do something else for ___ reason
Good luck, congrats - from my experience, take it.
Thanks thats really encouraging. Never thought there name would be "that" huge. What made you wanan do IB rather than S&T if I may ask?
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