Hey there, I am studying at an European university and I am quite drawn to the opportunity to work in an emerging economy. As a result I am looking to get an internship in Brazil to explore the industry and gain a sense of what it is like to work there. I would greatly appreciate if anyone could provide any advice about the recruitment process and culture there. Cheers!
Jan 16, 2021Jan 16, 2021
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Comments (9)
Hi unash, just trying to help:
More suggestions...
Fingers crossed that one of those helps you.
The bulk of IB in Brazil is based on 3 main categories:
BBs and large local players have pretty structured recruitment with positions going live on their websites with a certain degree of cyclicality. Small advisory boutiques hire on a need and rolling basis.
Thanks for the input! I am aware that banks in Brazil tend to have 1-year internships for local students. Do you know if these players also typically have a structured summer internship? Or are summer interns hired on a need basis (through networking)?
Not sure about that. I suspect the large ones might and the smaller ones may need ad-hoc people - you'll have to email them for that
https://www.wallstreetoasis.com/forums/latam-ib-general#comment-2031574
Hey! Brazilian here and an IB analyst at a BB in NYC.
From everyone I've met from the Brazil office, all were part of this one year internship program. However, I know I few that interned (the regular 9-10 week internship) with the LatAm group out of NYC, worked with the Brazil team on local/international deals, and later either went on to do the same full time or transferred to the Brazil office.
If that's something you're interested in, recruiting has the same calendar as that in the US, but you apply for the LatAm group instead, which has a separate application. Knowing Spanish or Portuguese is either a requirement or recommendation, although I've not used either for anything else besides some VERY occasional googling. Let me know if you have any other questions - happy to help!
Hey, thank you for the reply! So joining the one year internship seems to be the common route to get the grad position. Do you mind if I ask if you have started in Brazil and then moved to NYC?
That is quite interesting, do you recommend applying to NYC office for the LatAm group then? I hold an European passport and thought it'd be easier to get a visa in Brazil than in the US, do you know if this is the case? The recruitment cycle for this year is closed, isn't it?
Thank you!
For sure, happy to help.
I went to college in the US, and did the 10 week internship program in NYC at the LatAm group of a BB. I then returned full time in mid 2020 to this same group. However, because I'm Brazilian and I've expressed my interest in focusing on Brazilian deals, I've essentially strictly worked with Brazil stuff. I know that this arrangement is uncommon, as Brazil deals are usually handled by the local team at most BBs.
I also know someone who managed to do a 10 week internship at a BB and someone else at an MBB in Brazil, although neither officially offered such programs. They also went to school in the US, so they didn't have the availability to do a 1-year internship due the academic calendar of schools in the US, where you intern during your summers. My recommendation, then, is to follow this route. If you want to work explicitly with Brazil deals, then working with the Brazil team is the solution. Working from NYC at a LatAm group is only really feasible if you are already in the US or go to school in the US, with the drawback of not being Brazil-focused. Knowing the two people I know who talked with their respective BBs and MBBs to make a 10-week summer internship work, I would advise you to do the same! I can talk to them and answer any more specific questions on this as well.
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