Should I apply to this internship?
this is a 12 month long financial advisor/sales assistant internship, i just finished my first year, i applied to several boutique investment banks and so far was invited to two interviews but didn't get an intern offer yet. this internship will probably be a little easier to get, BUT the question is will this help me at all when i start applying to real internships for the summer after my junior year? or does this sound like a very useless internship, the only bad part is you have to do it for around 12 months.
Here is the description:
Lincoln Financial Advisors
Position Title:Sales Assistant Internship
Organization Description:
We are a Fortune 500 financial service firm that is a leader in providing comprehensive, fee-based financial planning as well as retirement consulting in the employer-sponsored market.
Description :
Analyze existing client portfolios using Morningstar reports. The reports will allow you to determine clients current risk tolerance, asset allocation and find potential deficiencies in their portfolios; Prepare targeted marketing projects for our firm’s best clients; Run financial planning and insurance illustrations for client meetings; Handle investment and insurance applications and follow them through the pipeline of processing; Will schedule appointments for advisors by contacting existing clients only; Create great-looking documents in Word, Excel and PowerPoint.
The ideal candidate will have a long term interest in financial services because the internship has the potential to develop into a permanent financial advisor position upon graduation. Excellent references will be provided to all interns upon completion of the internship (if warranted). The internship is designed for candidate who can dedicate multiple quarters to the internship program. We will work with you to accommodate your class schedule each quarter.
Qualification:
You have a passion for financial service but need to learn more about the industry before becoming an advisor. You are process driven and self-disciplined, and you value results over activity. You have a ton of energy, enjoy a fast-paced environment and are dedicated to serving our clients in a professional manner.
Requirements: Completion of a 4-year college degree, or be working towards one; Strong career interest in the financial services industry; Thorough knowledge of Microsoft office; Demonstrated success in work and/or school; Desire for part-time, 16-18 hour position.
Job Function:
Financial Services
Position Type:
Part Time, Internship, Paid
Duration:12 Months - flexible
Approximate Hours Per Week:16-18
Salary Level:$10 - $15/hour (depending on prior experience)
any suggestions, comments, sarcastic/condescending remarks are welcome :)
could you go to school and do this at the same time? if so, go for it.
thanks for taking the time to reply
i won't have any classes tuesday and thursday, so ican do 8 hours both days to meet the minimum requirement of 16 hours/week, i am hoping 16 hours/week won't be too much to handle if in manage my time
but i was just wondering because this is not an analyst internship, but a financial advisor internship, i am not sure why they title it "sales assistant"
i think i'll apply though
In essence, the only way to increase your pay in PWM would be to sell more products, thus you are a "sales assistant". Be warned, this can include "prospecting" which can include envelope stuffing and cold calling.
in the description it says, "Will schedule appointments for advisors by contacting existing clients only" so i am hoping there is no cold calling
PWM?
Yeah, cold calling is a bitch.
i know, but from the description it seems there won't be any? but from the title it seems cold calling will be a major part of the internship
kinda confusing
Cold calling ain't that bad at all! Much cooler than what is shown in Boiler Room.
dont think you should do it.
What do you lose by applying and interviewing for it? The best thing that you can do is get an offer; right now you're trying to make a decision on the chance that they might make you and offer. You want the balance of power to shift here--YOU need to be the one making a decsion, not them. Go for it and see what comes out.
practice interview
Sounds sketchy.
my opinion - apply, but be very skeptical before you decide to accept.
If you don't have much experience, extra interviews are always a good thing.
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