Startup Internship? --> IB?

Hey all,

Still looking for an internship in banking and its been pretty rough. I'm a sophomore at a non-target with highish GPA (3.7) in honors program as an econ major but also taking corp fin and investment analysis this semester and AMT training in modeling and valuation.

A friend of mine might be able to get me a paid internship in business development at a NYC startup (has around $10 million in funding and around 13 people), which includes building pitchbooks, assisting with general strategy and financial models, sitting in on partnership meetings, and attending networking events.

Is this better than a PWM internship? Would this make my chances of getting an IB internship next summer as a junior even tinier? Would it be worth passing this up and continuing to search for boutique banking internships?

Thanks to all for any ideas or advice.

7 Comments
 
Best Response

Hell yeah. This definitely beats a PWM internship hands down. (I did UBS PWM while I was in your shoe. I feel so old.) That internship would definitely help out more than PWM internship. Congrats on getting that offer. Do keep me posted when you are in NYC. I am based off NYC. You just need to focus on talking about the internship when you are interviewing for next year.

"I am the hero of the story. I don't need to be saved."
 

I am doing the UBS PWM and get the same feeling with you. the starup internship you mentioned is alike IB one. So, go grab it!

sxh6321Hell yeah. This definitely beats a PWM internship hands down. (I did UBS PWM while I was in your shoe. I feel so old.) That internship would definitely help out more than PWM internship. Congrats on getting that offer. Do keep me posted when you are in NYC. I am based off NYC. You just need to focus on talking about the internship when you are interviewing for next year.
 

I agree, really anything when you're a sophomore (unless you're a super genius and very well connected) is a great way to start things off. You're deal sounds like the way to go. Congrats

"History doesn't repeat itself, but it does rhyme."
 

dude start ups rock! An MD I talked with loved start ups! So I did one :) and now work at one! - not a tech start up as well...just a basic healthc are start up

I'm gonna get that bish some binary Bishes love binary --------- Kind Regards, Bin_Ban
 

Molestiae atque voluptatem aut corporis. Odio illum sed iure atque et ut aliquam. Occaecati et nam voluptatum occaecati nobis recusandae.

Perferendis accusamus neque quo nulla odit in. Provident optio aut adipisci dolorum facere qui voluptatum. Illo sunt sunt id vel vel. Sequi omnis iste perspiciatis nulla fuga voluptatem. Voluptate laboriosam cumque non neque dolorem voluptas. Aperiam veniam distinctio voluptatum recusandae blanditiis eum autem aut.

Non suscipit temporibus est eos rem. Id sequi necessitatibus molestias sint et. Rerum rerum repellendus alias nesciunt molestiae.

[quote=rufiolove]When evaluating whether or not to post something on WSO, I think to myself, "would an idiot post this" and if the answer is yes, I do not post that thing...[/quote]

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”