How to get a Fall/Spring Internship

I'm entering my sophomore year of university (decently ranked non-target school) this Fall. I know it's a long-shot, but I really hope to break into IB (preferably a BB). I have one summer internship under my belt at a boutique private equity firm. Should I be actively seeking out Fall/Spring internships to boost my resume for IB recruiting or should I take it slow and focus on school (GPA, classes, student orgs, volunteering, etc)?

If I SHOULD seek out an internship for Fall/Spring, how do I go about it? Cold calling/emailing? Formal applications or shot-in-the-dark internship requests? What kind of firms (boutique IBs, boutique PEs, non-finance firms like startups, etc.)? How would my work-hours be structured around classes (only on weekends, half-days, etc)? Should I settle with an unpaid position? If I'm missing any variables please let me know. Any and all advice is appreciated!

 

Et repudiandae ut laudantium sint in voluptas et ducimus. Dolore esse est velit nemo voluptatem eos non. Totam eos eius expedita maiores. Error ab magni ea architecto eos non est facere. Nulla nisi et qui.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
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...”