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Comments (47)

Most Helpful
Mar 9, 2020 - 4:03pm

An investment banking internship.

"Out the garage is how you end up in charge It's how you end up in penthouses, end up in cars, it's how you Start off a curb servin', end up a boss"
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  • Intern in IB - Ind
Mar 11, 2020 - 12:06am

I had the crazy the opportunity to work for a boutique IB my freshman year. They then let me come back sophomore year, which was absolutely instrumental to getting my SA offer at a BB from a non-target.

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Mar 9, 2020 - 4:22pm

Goldman sophomore IB, MS sophomore IB. knew a kid who did HL his freshman year in FIG but probably cause of connections

Array
  • Intern in IB-M&A
Mar 10, 2020 - 8:58am

If you're more interested in PE than IB I would recommend trying out those, assuming youre a freshman now and at top target. Would give you the opportunity to see if you like PE and would still get you IB SA interviews the next year

  • Intern in IB-M&A
Mar 11, 2020 - 12:51am

You obviously know nothing about buyside opportunities or went to a shitty school, so quit talking out of your ass. The firms I mentioned definitely have sophomore internships. In fact, some firms only have sophomore internships for their PE group because they want you to get a banking internship junior summer/do your IB stint out of undergrad before going into PE.

  • Prospect in IB - Gen
Mar 11, 2020 - 5:58am

I would say the person above was being overly harsh by saying you go to a shitty school. I go to a target where the most competitive kids always get top buyside sophomore internships. From what I understand, these places don't give looks to nontarget schools. This is out of students' control, so that's why I think it's unfair to respond so negatively. It's also possible the original comment goes to a target but is misinformed. Regardless, we are all here to help each other.

comment to OP:
I would generally think of it as "buckets". Many people will do just fine having literally any relevant finance/banking experience for sophomore summer... but here are some of the buckets by selectivity/prestige:

  1. any brand name buyside - Apollo, Blackstone, Oak Tree, Baupost, etc. I know all hire. The list is actually quite long and I can PM you a more exhaustive list based on what I've seen. I've seen people get in through girls who invest, personal connections, being a competitive student at target + networking, winning stock pitch competitions sponsored by the firm, and more

  2. any brand name bank - a lot of BBs hire. Combo of competitive diversity candidate + networking or being a top candidate at your school + networking (the two are not mutually exclusive by any means)

  3. any top buyside that is outside of what is considered the most recognizable names - think small HFs that manage less than 10 bn but if you google them could find a few good articles implicating they aren't so obscure or small that people on the buyside don't know them. A few (5 or so) have resume drops at targets

  4. I would actually put MBB consulting or software engineer, etc. at large recognizable tech firms here. Not sure about the other two, but I know Mckinsey has a sophomore diversity program. I've seen sophomore internships at large tech firms but don't know how recruiting works. I would intuitively slot a software engineer at Google, FB over a no name boutique IB... Yes it's a different industry but your question is prestigious sophomore internships for someone wanting to go into banking. If you study for finance technicals. have finance clubs on resume, network well, I'm pretty positive Google > no name bank.

  5. No name buyside and no name bank. I put it in same bucket because it will be case by case including factors purely outside firm reputation. Consider factors like structure of intern program, type of work for interns. Can get these through resume drops at targets and regional schools that are the same region as the firm. Can also get through cold emailing or connections.

  6. Finance roles outside of above.

  7. Non finance outside of above,

Aug 17, 2020 - 1:30am

hey would you mind pming the list or posting it here? thanks for the advice! very helpful

Array

Jul 11, 2020 - 1:25pm

Thank you so much for your list! May I ask you is it possible for you to PM the more exhaustive list of buyside sophomore opportunities based on what you have seen? I am currently a rising sophomore. Thank you! Really appreciate it.

Array
  • Analyst 3+ in PE - Other
Jul 16, 2020 - 4:10am

Summer Assistant to prestigious financier+politician like Hank Paulson / Timothy Geithner

You probably can't get one with incumbent

Jul 16, 2020 - 11:37am

Perhaps a more unconventional "buyside" internship, but I've seen internships at a large institutional investor (pension fund, endowment, foundation, etc.) pan out pretty well for junior year placement (myself included, lol).

Jokes aside you learn a lot and get exposure to PE/HF in a FoF like form because you are evaluating who to allocate to. Also can be really helpful if you can make a good relationship with the CIO which would help you for buyside recruiting later on if you secure the banking role

Array
  • Intern in IB - Ind
Jul 19, 2020 - 9:43pm

What are people's thoughts about MM IB internships during ones sophomore internship ? Think Jeffries, Gugg, Raine, Liontree, Ducera etc would that be a viable pipeline to recruiting for EB RX or Top BB's ?

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