Buy side internship?
I posted something similar in the HF forum but would like some input from those in IB:
I have an interview for a virtual HF internship at a firm with ~350 million AUM. I exclusively networked for this opp, as my finance internship at F500 company was canceled. To be quite honest, I am not too familiar with HF function (of course, I will do my due diligence leading up to the interview). I'm currently recruiting for 2021 IB internships as a rising junior and am wondering what to expect from this interview? Just as well, would this position me well on the experience side, particularly in regards to recruiting? I'm aware that ugrad HF work isn't really run of the mill... I would definitely take it as I have no other options (and it's obviously a great opportunity!) but I'm also worried if there might be some concern in explaining my interests on sell-side (FO) in lieu of doing buy-side.
All insights appreciated!
What is the HF role? That is the most important question. It could be tons of different things which would each look very different on your resume for IB...
If the role is in something like research then I’d say thats 10 times better than a F500 finance internship
It's a L/S firm so discretionary strategy and will entail research project stock evaluation, pitching stock, analyzing company earnings and management commentary; pretty much sounds like equity research, no? Can't give a totally "concise" answer as to the position (as it's a bit informal and unpaid).
Sounds like an awesome opportunity. For interview purposes have a couple pitches prepared with great detail.. mix of longs and shorts... have an opinion on the market (bullish/bearish) Trust me, this is much more impressive than a “finance” internship
Hey, thanks so much for your help! Endless SBs :) I'll go through some HF interview guides. Do you know any reliable sources where I might have access to the F-13? What sort of things should I pay attention to in the F-13?
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