SERIOUS Inquiries: Tobin
Yes I see that this bank gets memes hella on here. But in terms of validity, is it actually a terrible bank to work at? even for a first internship?
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Short answer: Yes
You're supposedly an analyst. Why are you asking?
You're better off waiting tables, being a lifeguard, or some typical summer job than joining Tobin seriously. That will look far better on a resume.
If I saw tobin in a resume I'd seriously doubt your self worth and ability to get a paid job of any sort
For a first internship, get whatever you can get. PWM, random finance that's not relevant, even summer camp counselor (assuming you're a freshman) is better than Tobin. At least you'd be able to talk about leadership
All of these people are giving you terrible advice. For a first internship (ie. Freshman or sophomore) take it. It’s IB, after all.
Even the worst banking analyst program in the world beats being a lifeguard.
FFS are you seriously saying that current people that work IN THE INDUSTRY are giving terrible advice, whilst you (the intern) is saying the words of wisdom? Fake news
Lifeguarded? Cool; nice tan. Tobin? Red flags abound.
While you're usually right that 'any financial role is a better option,' that's only correct in this case if your interviewer hasn't heard of T&Co.
Have to throw Northwestern Mutual onto this list too
We would take the McDonald’s sweeper kid over Tobin if it really came down to it. Believe me
This is one of the most brain-dead comments I’ve ever seen on this site. Even if you’re willing to work somewhere unpaid (dumb idea) to get IB experience, go do it at XYZ Boutique in your hometown — I guarantee there’s an MD near you who’ll let you bind books for free — to avoid 1) the stench of Tobin and Co. and 2) letting your next employer know (until the offer is extended and accepted) that you were unpaid. Plus, said other MD might actually hire you, unlike Justine.
I would rather dip my ball sack in honey and drag it across an anthill than work for Tobin & Co. Take that fwiw
try again
See here https://www.wallstreetoasis.com/forums/is-justine-tobin-unhinged#commen…
Would much rather see a candidate work PWM, commercial / corporate banking, Big 4, Fortune 500, asset management, etc. internship as a freshman (or sophomore). There are lots of options.
Jeffrey Epstein's former assistant was an associate at Tobin & Co. lol
Do a quick LinkedIn search and see threads in this forum, you'll quickly realize it's clear yes answer.
Oh, really? I did not seem to find any of these people on LinkedIn. Truely strange.
Found Justine Tobin's burner everybody!
Yeah it’s pretty bad. For serious advice: my first internship wasn’t in IB. Was in big four, but not in a good group and I did absolutely nothing worth while. Promise it was better than going to Tobin.
It might be hard, but network and find anything you possibly can. Don’t just reach out for IB either. These small boutique ER firms could be good experience and they might be willing to take you on for free. A Corp finance gig would be fine. Literally doing nothing and when someone says “what did you do last summer” you vaguely mention the global pandemic messing up your plans so you say you spent the time studying for the CFA and networking.
Literally do anything else.
It's pretty funny how you can speak so definitively about the internship experience at Tobin when you didn't experience it yourself. Everyone has their situation and has to make a decision on what works for them based on their goals and objectives. That you presume to speak with such authority about something you know jack shit about is pretty astounding. Contrary to what is being said on here, it was a good experience (see, I can use my own because I actually experienced it). Got some deal experience and was able to learn more about investment banking & client management from it than I ever could from some smart ass WSO snob.
Did you honestly make an account today to comment on every Tobin thread? Do you have nothing better to do?
LOL YOUR ENTIRE POST HISTORY IS ONLY ON TOBIN & CO THREADS! I hate to be the bearer of bad news, but it wrecks your credibility whether it's a great internship or not.
We know Justine Tobin forces people to shill for her on glassdoor, that most of her full time employees are unpaid, that she posts weird Karen complaints on Twitter, that she tried to doxx a user on WSO because she didn't like the flack she was getting for her crappy internship, etc.
Maybe it's helpful to point to the "internship" as a way of saying that you got interested in banking and took whatever you could to prove that interest, but literally any other boutique bank would be 1000x better because of the horrible reputation Justine Tobin has built for herself/her bank. OP if you had absolutely NOTHING to do, definitely go for the internship (maybe it'll turn into another boutique internship that you could leverage to get more internships so that you can get Tobin & Co off your resume). However, if you have any self respect then you should aim for something that will inevitably work out much better for you (yes, even if it's in a different finance sub-discipline like F500 FP&A or unpaid equity research).
PS: one of her associates was best buddies with Epstein. He visited Epstein 130+ times when Epstein was in prison the first time (and was a convicted sex offender). More meme-worthy content about the bank. Tobin and Co Associate Ties to Jeffrey Epstein | Wall Street Oasis
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