Sophomore Internship: Does company name matter?
As a rising sophomore myself, I often have varying advise from upperclassmen about how to approach my upcoming internships since I am an engineering major interested in finance/investment banking. While some suggested that I should apply for internships from well-known companies like Apple and Google even if its unrelated to finance like software engineering internships, others think it’s better to try for small middle market/local boutique banks/hedge funds.
Since both of them seem reasonable and have different benefits, I was wondering which route would people suggest?
Hey awk2129, sorry about the delay, but are any of these useful:
You're welcome.
As an engineering major you should try to get a finance internship, ideally MM/boutique IB if possible. Obviously the bigger the company the better, but most sophomore internships (especially IB) are at small boutiques and recruiting teams understand that.
You're already going to get asked why finance over engineering, and if your internships are also engineering that definitely raises questions about whether or not you really want finance. Put a summer in finance on your resume and you can point to that for both experience and interest.
This is the easiest answer ever although it will trigger the finance majors; optionality. Practically anyone who goes through a rigorous engineering curriculum has the aptitude to be a monkey banker. Only a minority of finance majors could ever make it through an engineering program. If you can, you always choose to have the option.
The best would be some type of IB internship, most likely IB. Well-known companies are nice, but only if you can't get an IB internship as they don't have many transferrable skills. You want to show that IB is your first choice, not just another step in your ladder
The more important question is, do you want to be on the buyside or the sell side?
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