Off-Cycle Internships ?

How do off-cycle internships work?
What is the typical timeline -- when do they typically start and how long are they?
If it's not listed on an application, and they ask you when you are available to start, does that mean the timeline is flexible?
Is there a difference between UK and US off-cycle internships?
What firms typically offer off-cycle positions? Apart from some BB's, do buy side firms offer such internships, and is it worth networking / trying to land one?
How to go about asking for one if no application is available?

Comments (37)

 
May 25, 2018 - 9:26pm

They are similar to summer internships and usually take place in the fall.
Some of the smaller buyside firms are flexible on their internship timelines.
Networking is your best bet to get your foot in the door.

hmm
  • 1
 
May 25, 2018 - 9:30pm

Thank you.
How long do they usually last? Would a month (4 weeks) seem reasonable, or are they usually the same length / longer than summer internships?
And when would be the best time to do one?
Assuming I don't want to take a semester off, would it be reasonable to network for one in the fall, and do one during winter break? ( 4 weeks)

 
May 25, 2018 - 9:34pm

I don't think 4 weeks would the best.
talk to the bank/fund to see how flexible they can be.

hmm
 
May 25, 2018 - 9:35pm

Sophomore Off-Cycle Internship (Originally Posted: 08/15/2016)

So, I just finished my sophomore year at Dartmouth, and am looking for an off-cycle internship right now. I have a pretty good resume and GPA, just not quite good enough to get an off-cycle internship at a big bank.

However, among the options I have are an unpaid winter internship with Protocol Capital Management, which does some hedge fund advisory services, and a fall internship with a small private equity firm (Century Equity Partners) in Boston that primarily invests in middle market financial services companies. Is one of these a clear favorite over the other if I hope to land a summer analyst role in banking junior summer? I am a computer science minor so I also have a few small tech startup opportunities, but I am very interested in finance and want to show my interest by picking up some relevant experience, especially at a school like Dartmouth.

Is it worth it to cold email or cold call any other places? It doesn't seem like there are very many places with off cycle internship programs; a lot of places are scaling them down even for Dartmouth

Thanks!

 
May 25, 2018 - 9:41pm

Well, it's getting late. How about:
-you do one of your 2 remaining semesters this January
-you crush your SA and receive an offer
-you travel/backpack the world next fall (with an offer in hand)
-you come back next winter to celebrate senior year with your friends

Trust me, you do not need that extra internship if everything goes well this summer.

 
May 25, 2018 - 9:44pm

Off cycle internship waiting time (Originally Posted: 01/07/2017)

Applied and interviewed for an off cycle internship position in BB last November. Emailed HR this month and they said my application is still being considered and is under compliance checks. The internship starts this February. Is the waiting time normal? Or am I already rejected? Thanks!

 
May 25, 2018 - 9:48pm

Can I postpone the start-date of an off-cycle internship? (Originally Posted: 03/20/2018)

Hey guys,
I just received an offer for an off-cycle internship from a big mid-market investment bank in one of their regional offices. Unfortunately, due to my bachelor thesis I will not be able to make it to the start date. Do you know if there's a chance I can postpone the internship for a month or so?

 
May 25, 2018 - 9:49pm

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  • Postponing BB IBD start-date (full-time) banks open to postponing the starting date to January? I know some interns from my class started in ... 2012 to postpone the starting date to January 2013 (when having completed the internship in 2011). ... (BB in IBD) for full-time states august as starting date. However, if unable to graduate in time, are .
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  • Off-Cycle FT IBD Hire- Singing Bonus? I just received an offer from a BB for an off-cycle IBD analyst position with a start date in ... given to undergrads/MBA's to ensure they are committed during the time before starting. Anyone have ... experience with this type of offer? Thanks in advance IBD BB signing bonus ...
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  • Putting an internship on my resume before the start date + more line with what the banks want? Or should I go after an off-cycle internship with a bank after this ... after the internship but without the internship my chances of getting into any of these are slim to ... Hi, I'm starting an internship in 3 weeks as a financial analyst for an E&P company and ...
  • Laid off, MBB offer with start date in 6-8 months- accept other offer in mean time? coast. However, the start date wouldn't be for 6-8 months. I am heavily leaning towards accepting ... (along with about 50% of the company). Since then I have interviewed and received an offer for ... approaching. I have also interviewed with one of MBB and just received an offer for an office on the opposite ...
  • Delaying start date of summer internship to July? I'll be on an off-cycle internship from Jan to end June next year. So I just want to ask, is ... it possible to delay the start date of a summer program to early July? I understand some summer ... internships have structured training program, which means the start date is not flexible. Does anyone know of ...
  • More suggestions...

If we're lucky, maybe these professional users will respond: slambert50 @THISSITEISAJOKE" Currey-Cornelius

I hope those threads give you a bit more insight.

 
May 25, 2018 - 9:50pm

Offcycle internships during MSF (nighttime vs daytime classes) (Originally Posted: 03/29/2018)

I was wondering how do people intern during school on off-cycle basis. How hard are these to come by and are these usually part time or full time? I am debating between 2 MSF's, out of which one is at night/weekend and the other during the day. With the night classes I can potentially do full time internships or maybe even two part-time internships at once but I'm not sure if that's even possible. Would like to hear from people who intern during the school year.

I kind of asked a similar question in the jobs forum about the location of the MSF's, but no one seems to answer anything here except for IB/PE questions. If someone could chime in there as well that would be great. Thanks.

https://www.wallstreetoasis.com/forums/internshipjob-prospects-in-the-s…

 
May 25, 2018 - 9:51pm

Hey NeverOutOfTheFight, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:

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  • Non-target--> FT Off-Cycle IBD Analyst year making sure I networked in. During the summer at my BB internship, we had the [email protected] ... taking summer classes and bullshitting around....That Just Got Worse During this time I dated a girl lets ... year. I ended up failing my first class and had to retake it during the summer. I did so, but did the ...
  • Off-cycle vs Summer Internship for MSc Student (LSE) the MSc in Accounting & Finance 2018/2019 class at the London School of Economics and Political ... internship starting in January (expected grad. date at LSE is on the 14th of June 2019) or just wait and ... apply for a position during the Summer. business school london economics LSE LBS

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  • Best Master of Finance (MSF/MFin) Programs? Finance Vs. Masters In Management- Where Should I Attend? Best Masters Programs For IB Analyst Preparation ... As i noticed that many top US universities do not offer master degree in Finance, instead, they ... have plenty of PhD or MBA. Is there a ranking for Master of Finance (MSF/MFin) NOT financial engine
  • MSF (Master of Finance) Programs me apart when I apply for IB next time. GMAT msf finance

    class ... UM's MSF program, which doesn't require me to take the GMAT or have any recommendations as I am ... and then apply to higher ranking MSF programs at the next round of admissions. Current situation: Been ...

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  • More suggestions...

No promises, but thought I'd mention a few relevant users that work in the industry: cphafner @Champagne Drip" Cnabbott

Hope that helps.

 
May 25, 2018 - 9:52pm

Off-Cycle internship in US/UK for European? (Originally Posted: 01/04/2008)

Hi. I was wondering if any BB/PE in US/UK offer off-cycle internships for EU students in a realistically large amount since a lot of continental EU students don't have vacation in summer but in spring and autumn.
So there would be a "lack" of Spring/Autumn-Analysts and a quite favourable situation.
You can choose off-cycle internships instead of SA on the application web but are the BBs/PEs even considering giving internships at that time?

Anyone know which BB looks for bigger amount of interns at that time?

Thanks!

 
May 25, 2018 - 9:54pm

Starting period for a 6-month off-cycle internship (Originally Posted: 08/01/2010)

Hi!

I'm a European student and I'm supposed to do a 6-month internship either in London or NY and more precisely I'm looking for a position within a M&A or Leveraged Finance team. For academic reasons, it would be much easier for me to start it in March rather then January.

So, my question is: Are IB recruiting people for off-cycle internships starting in March?

Thanx for your help!

  • 1
 
May 25, 2018 - 9:55pm

GS offers one week internships specifically for european students and I think Deutsche has an internship scheduled around the european undergrad schedule. The only issue I see is that it is impossible to prove yourself to the right people within a week. Try going for an IB apprenticeship in Frankfurt or London. They last about a year

 
May 25, 2018 - 9:56pm

Well, I'm in my penultimate year and I already have experiences in Finance. I'm really looking for an internship in M&A.

So, that there are no programmes in IB scheduled from March in NYC or London, except spring programmes but there are too short?

Thanx!

 
May 25, 2018 - 9:58pm

You can get off-cycle internships with the big banks but they tend to be in other cities, e.g. Frankfurt. The problem with that is that you need to know the local language. Have you tried cold calling some of the smaller boutiques? They might take you on for six months.

Also, the Spring weeks or the one week internships in March are exclusively for first year students (or second year of a four year program).

 
May 25, 2018 - 9:59pm

A little taken aback by the off-cycle interview questions for BB. (Originally Posted: 09/20/2010)

Just got off the phone with a vp hiring for an off cycle internship at a BB. These were some of the questions:

Tell me about a time where you had to source information from multiple sources

Tell me about a time when you had to be respectful to someone older than you such as a professor or parent

Tell me about a time when you had to share information with a team

Tell me about a time when you had to handle multiple things at once and how you managed to do it

There were 3 more in a similar vein, which I forget. Phone interview lasted 15 min, said he would get back to me with the "next step." Also said that they were questions the firm "had to ask"

 
May 25, 2018 - 10:00pm

why were you taken aback by those? seem pretty simple bull-shittable/answerable questions to me.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
May 25, 2018 - 10:01pm

I'd have been pretty pleased with those questions...?

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
May 25, 2018 - 10:04pm

sounds simple... that would hit me a lot less hard then questions like "what multiple should you use....."

 
May 25, 2018 - 10:05pm

Landed SA, now what about off cycle? (Originally Posted: 01/14/2015)

Hi all,

I recently landed a SA position in IBD at a mid-tier BB in London. I'm quite confident I'll be placed in the industry group I'm aiming for due to my background.
My question is regarding off-cycle internships in the fall. I was thinking of applying to have something to fall back on should I not get a return offer. Is it appropriate to list my SA position as "incoming" on my CV? I think it would help for screening purposes since this will be my first banking experience but also acknowledge that it's strange to list a job you haven't started yet.

I liked all the people I met during the process and would love to work at this bank FT but then again in the event where I don't get an offer, how likely is it that I can land some interviews at respetable banks after the summer? I did turn down a couple of final rounds at elite boutiques after I signed. One of them offers off-cycle as well but I didn't think to ask at the time. Would it be appropriate to get back in touch with the recruiter?

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