I recently got admitted to a Top 10 b-school with a strong placement at BBs and some MM/Boutiques. I am pursuing investment banking - hopefully with a top M&A product group - and reached out to few smaller banks for a Pre-MBA internship, and ended up securing an unpaid one. If I take this gig, it will cost me around $12k (lost wages + housing expenses). For those of you who have recruited for banking jobs at b-schools, how valuable is a Pre-MBA internship? I have a business background which is very relevant to banking, have a great story and have been told by current students that I should not have problems landing a top gig. I am usually decent in networking and will prepare well for the interviews.
Do you guys think the pre-MBA internship will significantly increase my chances during the recruiting cyle? I also would reach out to few boutiques such as EVR/GHL/LAX who don't recruit at my school.