Drop a class for a structured finance internship?

I got a call on friday from the head of HR at a small firm, she goes on to tell me that they would like to hire 1 intern for fall/winter in their structured finance group. They basically creat ABS' from big assets such as mining equipment, oil rigs, freight ships, etc. (I didnt know securitization went this far).

The issue:
My schedule doesn't match the hours she would like me to work, I'm taking 17 credits this semester and could drop a statistics class, though I wouldn't like to do that I think the experience would look nice on my resume come the spring.

I'm a freshman and did an internship at BAML GWM over the summer, that's the only finance related experience I have and would like to start filling up that resume to land something IBD next year.

Should I drop the class and take the internship? or should I pass it up and stay in the statistics class?

 
judowned:
Take the internship. A two semester internship will be MUCH more helpful in securing future internships/job offers than a freshman stats class. You can take that class over the summer or during another semester. Easy choice.
.
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Dropping the class is not even a question. Take the internship.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Internship for sure. If you're just a frosh, then I'm sure you'll have some time to take stats in the future (it's worth taking)...

One thing I'll say though is don't mess up your GPA for the internship. If it's TOO demanding, be willing to walk away. Your grades are essential and there's no way to go back and fix them.

 
International Pymp:
Internship for sure. If you're just a frosh, then I'm sure you'll have some time to take stats in the future (it's worth taking)...

One thing I'll say though is don't mess up your GPA for the internship. If it's TOO demanding, be willing to walk away. Your grades are essential and there's no way to go back and fix them.

+1. I'd be screwed resume-wise if I hadn't taken a school year internship when I had the chance. But be careful, don't let your grades slip, and manage your time. Shit on everything that isn't grades, internship, and networking - it's worth it. Also, vice versa is true - be sure to not let school interfere with the internship; I found interning during school to be very different than the summer and it hurt my performance b/c the internship ended up being surprisingly demanding.

 

Now she wants me to drop my morning class too... I can't do this and screw up my semester. She will keep me in mind for spring. which is good and a bridge has been built FML!!!! thanks for the input guys!

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 
Best Response
barboon:
Now she wants me to drop my morning class too... I can't do this and screw up my semester. She will keep me in mind for spring. which is good and a bridge has been built FML!!!! thanks for the input guys!

Your making a big mistake. Your a freshmen. This experience is a golden opportunity..do not pass it up. Look, you know that you want to work in finance, you only have to compete one major. It is a waste of time to take two majors if you know area you want to work in (finance, engineering, accounting,ect). Go to you business school's office and see if you can take the internship for credit. It is probably past the deadline, but see if they will make an exception since it is for a full year. There is plenty of time to make up any classes that you missed. Over load a semester or two. I took 21 credits 4 semesters in a row and graduated a semester early. I had not AP credits, went abroad a Summer and a Spring. You have no idea what will happen in the future and how easy it is to make up classes. Life comes down to a few simple moments, this is one of them.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Et facere eligendi ut aliquam. Voluptatem provident tempore vel non.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
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...”