Exit Ops from a Corp. Finance internship?

Most people saying IB internships generally help somebody get IB FT..

What other potential exit ops could one gain from doing a Corp. Finance internship, aside from doing it for a FT job? Are there any other fields they could go into? TAS? Research? Consulting, IB, AM, etc...

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Comments (34)

Apr 11, 2012 - 12:22am

Next there will be people asking, "What are the Exit Ops of an Informal Interview with a BB Associate?"

You're a moron, just relax... There is no such thing as 'exit ops' from an internship. New Grads have gotten into all of those (TAS, Research, Consulting, IB, AM) with absolutely no experience. So the obvious answer is your potential for transitioning to different jobs is unlimited.

NOTE: What helps people with IB internships get IB FT offers is that they already have proven they can endure the long hours and have picked up some relevant skills and experiences. If this is not obvious to you then may god have mercy on your soul.

Apr 11, 2012 - 1:35am
ProspectiveMonkey:
Next there will be people asking, "What are the Exit Ops of an Informal Interview with a BB Associate?"

You're a moron, just relax... There is no such thing as 'exit ops' from an internship. New Grads have gotten into all of those (TAS, Research, Consulting, IB, AM) with absolutely no experience. So the obvious answer is your potential for transitioning to different jobs is unlimited.

NOTE: What helps people with IB internships get IB FT offers is that they already have proven they can endure the long hours and have picked up some relevant skills and experiences. If this is not obvious to you then may god have mercy on your soul.

Haha, while this post has slight contempt behind it, it is valid. You can get into anything FT from an internship, especially a finance internship. Obviously, it'll just be harder to get into IB relative to another person who has relevant experience (ie IB internship).

Be active in your school's club for whatever area you're interested in. Having interest on your resume and some finance internship will get you the interview...review your area of interest in terms of reading up on news stories and then be confident in the interviews when it comes to FT applications.

You'll be fine.

Sometimes lies are more dependable than the truth.
Apr 11, 2012 - 1:36am

Summer Interns - Corp Finance? (Originally Posted: 11/25/2009)

Hey guys, I'm just wondering how effective Corp Finance is as a summer internship for second year students. I mean, best case scenario is to get banking, but after that how is Corp Fin?

Apr 11, 2012 - 1:37am

Your instincts are spot on. An IB job would be idea, but a CorpFin position is prob the best alternative. Just make sure to be vocal and get good experience and secure a good reference.

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Apr 11, 2012 - 1:40am

If the F100 you're referring to is also a financial institution with a IBanking division then it is very possible, especially if you are in NYC. I wouldn't say the odds are particularly outstanding, but 2/10+ SAs in Corporate Fin at the BB where I worked last summer who were interested in IB are now starting as FT IB Analysts at MM/Elite Boutique shops.

Apr 11, 2012 - 1:42am

Corporate Finance Internship (Originally Posted: 08/08/2012)

Hey there,

I've recently been offered an internship with Wal-Mart Stores, Inc. in their Finance Department. I was wondering if this would be a good opportunity to launch a career in corporate finance as they usually offer interns full-time job offers at the end of the internship. Do you think I should pursue this opportunity or should I look for other option. Any suggestions?

Apr 11, 2012 - 1:43am

Do you want to work in corporate finance? This is a question that you should be asking yourself. If you do, Walmart is an extremely stable company to begin your career. If you want to do something else than i think its pretty obvious that you should look for other opportunities.

Apr 11, 2012 - 1:44am

Corp Finance Internship - future options (Originally Posted: 04/15/2015)

I have secured an internship at a F50 Tech company (think Google, MSFT) as a financial analyst intern for 6 months starting in June. I am wondering what the perceived value of this internship is and if it can propel me to a PE or IB job down the road. Would be open to B-school if necessary but really want to weigh my options. Another possibility would be Big4 in audit or TAS and then B-school/exit options from there.

Some background: Double major in Finance and Accounting, senior at non-target school with one year left to reach CPA eligibility (not sure about accounting route but want to keep options open).

Apr 11, 2012 - 1:45am

Nice job on the internship! With the companies you listed, the experience will really stand you out. Considering you are a junior, I think you could sell your experience to get a job in IB. PE, not really sure. It would most likely be the 2 years IB moving to PE that is most commonly taught here on this forum. If those don't work out and you get a return offer, top b-schools will be salivating over you if you work at Google and Microsoft (although Google's brand name is much better, Microsoft is no slouch either).

Apr 11, 2012 - 1:46am

Big 4 Corporate Finance internship --> IB grad-schemes? (Originally Posted: 11/09/2011)

I have an internship for summer 2012 in a big 4 firm for a couple of months within the equivalent of CF. Not sure what I would do if I were made a full-time offer, but at this point in time I know that IB (IBD) is something I want to go into.

What I am wondering is if that internship will be enough to get me past the application stages? I need to stand out in some way, I don't go to a target uni although I hardly attend somewhere bad.

Thanks!

Apr 11, 2012 - 1:50am

Yep. I know, and I guess it's a bit frustrating but it's also a really good chance to experience different areas and put them on the cv! Positives and negatives I suppose, but that's why I'm considering my options for if it doesn't go to plan or I don't get a FT offer.

Apr 11, 2012 - 1:51am

Is B of A Corp finance decent summer internship experience? (Originally Posted: 04/06/2007)

I am interning this summer at Bank of America in Corporate Finance at their Headquarters in Charlotte. I am wondering whether this seems like decent experience to attract full time interviews in the fall? I know having summer i banking experience is ideal, but I figure corp finance has some similarities (you do a lot of modeling, financial analysis, etc.). I go to school at U of Michigan, studying Econ, 3.5GPA, very active in extracurrics and hold leadership positions). Do you guys think I have a decent shot at interviewing for i banks full time?

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Apr 11, 2012 - 1:53am

Which describes your internship?
- corporate finance at Bank of America Securities
(as in their investment banking arm)
- corporate banking at Bank of America
(as in commercial banking for businesses)
- corporate finance FOR Bank of America
(as in the corporate finance division concerned with how BofA runs itself)

Apr 11, 2012 - 1:55am

Ahmed,

It's a good start,you should have a decent shot at some of the BB's next year. You may not be closedlisted by GS and MS but some of the other BB's might closelist you, you would also have an opportunity to network within BofA and maybe try for a transfer to IB come next year.

Apr 11, 2012 - 1:56am

As as economics major, what are the level of Finance questions I can expect? I am currently learning as much accounting as I can on my own (through a pretty good accounting textbook that I found)and have pretty much learned the Vault Guide to Finance inside out. I read the WSJ daily and generally try to follow the market and the economy What else can I do? Are there any other finance guides/books that can be useful? Also, what would be the professional way to network within B of A since I do not want them to think I am shopping around in the middle of a summer internship for a different opportunity. I would really appreciate any feedback you guys might have.

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Apr 11, 2012 - 1:59am

Many fit questions will require anectdotal support and you should know which anectdotes you plan to use in any foreseable situation. Three examples:
1 - Give me an example of a serious decision you had to make recently? How did you make the decision?
2 - What kind of work environment suits you best? Give me examples.
3 - This job isn't going to be fun most of the time. Convince me that you can do the work regardless.

Number one is where you bust out that killer story about deciding between going to your brother's wedding and missing two exams and then explain that you stayed for the exams because you really made the decision three years ago when you committed yourself to pursuing an elite education.

Number two is where you tell them that you like accountability and pressure and you know this because you have been a track star for eight years and had your performance measured in hundredths of a second and scrutinized by crowds and school newspapers.

Number three is where you tell them that your double major in Chemical Engineering and Astrophysics was brutal and that you were really bored by the four electives you were forced to take on waves and radiation -- but you put in the hours and got four A's. And you did it because you recognized that sometimes you just have to bear down and sacrifice in exchange for long-term success.

POINT - Take a look at your life and figure out what experiences and achievements can send which signals. If you prepare this in advance, then you'll make your point much more clearly in the interview.

Apr 11, 2012 - 2:02am

Corporate finance as a stepping stone for IB in junior year? (Originally Posted: 02/23/2010)

I'm currently a sophomore and have an offer in a corporate finance department at an international company (not a bank or financial institution think worldwide product conglomerate) , yet I'm still in the process of going through interviews at a BB and another place.

My question is if I accept the corporate finance summer internship (exploding offer and other places can't advance me in interviews), would it be a good stepping stone for an IB SA position in my junior year? Keep in mind I'm only in my sophomore year.

Thanks for any insight!

Apr 11, 2012 - 2:03am

as a sophomore, corporate finance experience will look very good, especially if it is at a brand name company. it sucks that this is an exploding offer, but you won't really be at any disadvantage come next year's recruiting season. no one expects to see FO BB experience on a junior's resume.

What positions are you interviewing for at these BB's? If they are for something like PWM, then its easy to make the case for a F500 corp fin role. On the other hand, if these are tailored sophomore programs in S&T or IBD, then you could potentially lose out on networking opportunities and the chance for a summer offer next year. You need to make sure that a follow-on FO summer offer is a possibility before making this decision.

You're definitely in a good spot either way, so just clear your head, talk to an advisor at your school and make the decision that feels right for you.

Apr 11, 2012 - 2:04am

hey maximus307, thanks for the detailed answer and advice, made me feel better about taking it

They aren't tailored towards IB from my knowledge one is a SRM position at a BB, no other banks have this from my knowledge and it isn't on their website so it's kinda hard to get an idea for what the job is really about, the other position I am unsure as it is based on referrals and is going through HR at the moment (think big insurance company like Manulife and Sunlife Financial) but will most likely be something with investment analysis

I guess i will try and see if I can accelerate the other interviews if not f500 finance it is, you're right can't really go wrong with it!

Apr 11, 2012 - 2:05am

Breaking into IB -- Does a corp. finance internship look "good" on a resume? (Originally Posted: 06/01/2013)

I'm a rising junior at a target school, and I'm hoping to get an IBD SA role next summer. Other than the fact that I'm at a target, I don't fit the "gold standard" for summer analysts. What I mean by that is my GPA is currently a 3.4 (but only completed one semester at my current school, so it's possible to pull it up to a 3.6 with just one semester of coursework). I had a PWM internship in my freshman year at ML (this was a few years ago; I took some time off from school freshman. year), and I'll be interning this summer with Lloyds Banking in their Commercial Banking group.

I'm wondering how banks will view my work experience. Will my internship at Lloyds not count for much relatively speaking because it's in corporate finance?

Other than networking at my internship this summer and also through my school's alumni, is there anything else I could do to make myself look better on paper? I'm a pretty good interviewer, and I'm confident that as long as I prepare for the technical questions and brain teasers that they throw at you during ibd interviews, I'll be able to make up for my lack of "relevant" experience.

Sorry if this post doesn't make any sense, just let me know and I will clarify what I mean. I've been reading through WSO posts for a couple hours on related topics and my brain is fried.

Also, if you would be willing to recount your own experience of getting your SA gig at a BB, whether your situation was similar to mine or even if it wasn't, it would helpful to me (and to countless others who are interested in hearing success stories).

Thanks for reading and for any advice you can share.

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