I have a friend who is unconvinced by my opinion that they should have relatively little trouble landing a banking/trading internship as a sophomore, but I may have a bias. Any opinions would be greatly appreciated and valued. The stats of my friend are as follows: -3.8 GPA -Mathematics and Economic Theory double major -Attends top 4 target -Attended prep school at top 10 in US school -Completed 2 internships with prestigious laboratories doing research during high school -Past summer worked for fortune 500 firm in international tax -Strong connections in industry to get interviews I am of the opinion that this person should have no trouble getting a SA position, though things are sure to be different this year due to the market. My friend's main insecurity is his/her lack of financial knowledge which is something I said could be learned on the job or quickly before interviews. Again, input is greatly appreciated.
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Wait is he applying to normal junior internship programs or the sophomore rotational programs?
I honestly feel people should throw out w/e data points they used in previous years for measuring their chances of successful SA interviewing. Nothing is guaranteed; I have seen people who looked like shoe-ins walk away with no BB offers in '08.
'08 SA recruiting was a sh!tshow, and '09 is going to be even worse given the state of the markets and the fact that Lehman, Merrill, and Bear Stearns are no longer options meaning there are less aggregate seats available.
Sophomore programs and other opportunities available to both juniors and sophomores.
shouldn't have a problem as a junior anyways. sophomore is a lot harder to predict.
In my opinion, it basically depends on the strength of his connections. If he knows an analyst... hes on par with everyone else out there. If he knows the global head of IB... ya I'd say he has a good shot at getting in.
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