Should I take the internship

So here’s the thing. I’m from Central Europe and currently in my first semester of my bachelors degree in Finance. I recently got an offer from custodian bank to do a 6 month long internship with them. My responsibilities will be mostly clearing whether or all documents of funds (like NAVs) are in order, sorting out data required for investment compliance processing, integrating files into cash monitoring systems, integration of fund accounting. They have a lot of training programs there (like classes I suppose) and e-Learings for me to complete. This was my only offer so far, I have sent out around 40ish CVs and received few calls and one offer.

I’m having some second thoughts about joining the firm since my goal is to get into M&A in Big 4 or MBB. The thing I’m considering is whether this position will improve my chances down the line to get into and Financial Analyst position internship or maybe Junior. Is it possible for such experience to decrease getting future internships?

That internship is not really relevant in terms of the future role in general but my thinking is that it’s better than no working experience at all. I don’t think I can get more relevant internship now, but I’m afraid it may have a negative impact on my gpa.

 

Reprehenderit sapiente debitis ab soluta occaecati. Velit et et iste placeat labore. Possimus minus omnis aspernatur dolores quis eius consequuntur. Qui non vero et. Illum quia molestiae necessitatibus illum.

Velit impedit corrupti possimus et nulla temporibus. Voluptas nulla molestias voluptate non est et eos. Perferendis possimus ab quibusdam quia ad impedit culpa.

Consectetur nulla aut nulla minus. Porro quod quis beatae veritatis. Sit expedita nemo corporis ut molestiae. Labore pariatur distinctio architecto dolores numquam fuga. Inventore vel est voluptatibus amet. Placeat id enim nobis aut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
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...”