Asking about internships in informational interviews.

jgw22's picture
Rank: Monkey | banana points 44

I have info calls set up with several VPs at small boutiques in my area. How should I go about asking about summer internships? Also, do I bring up the fact that I am willing to work unpaid? I value the connection and the opportunity to learn from them and do not want to come off as needy or that I simply want something from them. I realize this question has been asked a lot, however I am wondering if my strategy should change since it is April and I am rather desperate. Or should I just take the routine route of asking if there is anyone else they recommend I talk to, if they have any other advice for me? Also, I am junior at a non-target.

Comments (17)

Apr 10, 2018

I was talking to an MD from Citi the other day about interning in his IPO's team, and he said I don't think it's paid. I said that dosen't matter, I just to learn and gain experience. He then proceeded to say, that's smart.

So I guess that they like to hear that you aren't just interning to make money, but that you really care about what you will be doing and that you want to learn as much as you can during the time that you intern.

GunningForPortfolioManager

Apr 10, 2018
nok15105:

So I guess that they like to hear that you aren't just interning to make money, but that you really care about what you will be doing and that you want to learn as much as you can during the time that you intern.

I'm more interested in the work experience than getting paid as well. It would be nice to get paid, but its not the end of the world if I don't. Learning and getting relevant experience is most important right now. Do you have any thoughts on whether or not I should directly ask about internships or should I take an indirect approach?

Apr 10, 2018

Depends. You kinda have to get good at reading people and feeling out situations. I asked him directly because I knew that I would not see him again for a while, and also that fact that he is a nice guy, so I knew he would not be one of those people who thinks you are just trying to get an internships out of him, even though that is really what you are trying to do lol.

GunningForPortfolioManager

Apr 10, 2018

Unpaid BB capital markets internship? weird

Apr 10, 2018
chikagokid:

Unpaid BB capital markets internship? weird

Right? It is, but as long as it's legit, who cares whether I get paid or not.

GunningForPortfolioManager

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Apr 10, 2018

also are you a sophomore or a junior?

GunningForPortfolioManager

Apr 10, 2018

I am a junior, but will probably graduate in December unless something changes.

Apr 10, 2018

ok I am a sophomore, I guess that's why I am not as stressed as you about it lol. Just keep networking like hell and you will get the job you want eventually.

GunningForPortfolioManager

Apr 10, 2018

Coming from experience here, the fact that you are meeting with 7 VP's from that boutique means that they are interested in getting to know you and see if there's a good connection for an opportunity moving forward.

I would approach this by just having the meetings, knowing your story and just asking a ton of questions about the bank and their experiences. From there just keep them talking and towards the end of the meeting mention that you are seeking an internship opportunity and that if they know if the firm is hiring that you would love to be in the process. The whole point of this from their point of view is to see that your story for banking makes sense, you can carry a conversation, and show genuine interest in what they do. Also, don't mention anything about being unpaid unless they mention that they are not hiring. That should only be as a last resort.

Hope that helps!

Apr 10, 2018
Clemsonrichyrich:

Coming from experience here, the fact that you are meeting with 7 VP's from that boutique means that they are interested in getting to know you and see if there's a good connection for an opportunity moving forward.

I'm actually meeting with several VP's at several different boutiques. That probably brings your optimism down a little bit haha.
For my story I was planning on talking about who I am, where I go to school, how I got into finance, and why I want to go into IB. Is that sufficient?

Clemsonrichyrich:

Hope that helps!

It definitely does. Thanks for the advice.

Apr 10, 2018

adsf it will lead to positive results!

Apr 10, 2018

informational interview. Someone who is starting on the job consumes more capacity then they add and aren't valuable until after about their first year on the job. So even on an unpaid internship, you aren't really doing anyone any favours.

Have seen your other posts. I think you would benefit from finding a classmate / mentor at your school who has recently summered to give you more personal advice.

Apr 10, 2018

Don't want to be a dick, but it's probably not gonna happen for you this summer. Internships start in less than a month-- forget BBs (don't waste your time). Swing for the fences reaching out to boutiques, although even that is extremely unlikely unless you live in NYC.

Apr 10, 2018

I personally don't think it's wise to spend time attempting to get an unpaid internship at a BB. As someone mentioned, you're not much use to them and that's without mentioning the the resources spent to train personnel (BB). If I were in your shoes, I would perhaps be more inclined to target small IB firms.

Bitch please, I love bananas! If you found my advice useful, hit me up with one.