JKCP Internship Placement

Does anyone here has experience with JKCP's Internship Program? Apparently, it places high school students into finance companies for several thousand dollars(5-6k). I read somewhere that some interns are placed into PWM in BBs. My little brother who is a high school junior is thinking about doing this in the future since he wants to break into finance. Do you think its worth investing 6k in this program? His logic, which I agree, is that investing 6k in an internship program may build his resume and help him when he applies for competitive internships. What do you guys think?

 

I think you are your "brother", and that you should see a doctor about multi personality disorder before you enter the industry. To answer your question, think about which "finance" firms would be open to such an arrangement, and if it can add any value to a CV. If I saw a kid "worked" in PWM in high school and put it on their resume, I'd ask if there father is a FA or a HNW client. If neither, the experience was likely completely useless.

 

yusucks, i think you need to go back to college. so stop making silly guesses. im a freshman in college. and if you read my name again, i think even with your low intelligence, you should be able to figure out that I want to go into the consulting industry.

 

i guess i am too much of a "lowly fuck" to give advice to a kid who just turned 18 (or maybe even hasn't), but think it through you little tool.

if an "internship" offered by a summer camp costing 6k honestly sounds like a "good way to break into finance," i don't think you should be going to college.

 

fudox, if I'm so young why are you even bothering to argue with me? Why don't you go out and see if you can pick a fight with a kindergardener. I don't think you are i-banking material. as i said, you are a lowly fuck.

yusucks, how did I lie? and please, its a internet forum, I have no need to lie. if you think like that, i also don't think you are ibanking material.

 

I don't think you're in the position to be judging who is "ibanking material" or not.

And, I agree with the above replies. You shouldn't pay for an internship in finance. The only worthy pay-for-internship program that I've seen is TFAS for people wanting to break into the D.C. game (lobbying, Cap Hill, etc.)--a few buddies of mine now work in circles previously unavailable to them.

In finance, it is more respectable to intern for no pay. Or, at your age, it's more respectable to just read a good valuation book and network (set up informal meetings/coffee visits/lunches).

Any responsibilities you'd get at this point would be utterly worthless. It would be more valuable to your future to know some people.

Watch your attitude, too.

 
Best Response

I don't see how someone who likely had never come within 10 feet of a bank's elevator or ever actually met a banker can decide who is banking material. Reminds me of a time I was at a Morgan Stanley superday, for whatever reason, security made everyone wait around in the lobby for the HR lady to come pick us up. Everyone is talking to each other awkwardly, and some kid from NYU Stern comes up to me and starts telling me how excited he is to be in the MS building, and how he thought he was dressed like Gordon Gekko that day. He then proceeded to tell me that a Chinese fella from Stanford didn't look like MS material. You can only aspire to be this guy in three years. (He didn't get an offer....and guess who did??)

 

Dignissimos quo dolores est reiciendis sunt. Asperiores quia cum quo officiis accusamus eum.

Career Advancement Opportunities

May 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 04 97.1%

Overall Employee Satisfaction

May 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

May 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

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $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

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...”