Sophomore Internship Investment Banking?!?!
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Career Resources
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Verizon would be a solid internship before your Jr. year. It certainly wouldn't exclude you from IBD summer opportunities the following year.
thank you!!
which one is a good internship for a sophomore interested in IBD? (Originally Posted: 04/14/2009)
Hi, I am a sophomore going to be a junior next year at a semitarget's top engineering program (something like Cal, Michigan, Carnegie Mellon). I am interested in IBD but obviously I didnt land any interviews this year as sophomore.
Right now I have a couple internship choices:
Bank of New York Mellon - in their financial markets and treasury service division - the job type is "operations" https://bnymellon.taleo.net/careersection/2/jobdetail.ftl
or
Bank of NEW YORK MELLON in their Business Exit & Other Activity division https://bnymellon.taleo.net/careersection/2/jobdetail.ftl?lang=en&job=3…
"assist in the operational support for the Foreign Exchange product support and service. perform transaction processing, portfolio or trading book administration, and data management for high value often complex transactions. Additionally, they will be required to coordinate and administrate customer data and settlement instructions. "
OR
Bank of America Global Market Technology as a programming developer for trading desk (does this pigeonhole me as tech btw?)
OR
a very very tiny private equity unpaid internship (I did some research online and people who have gone through it said it's a scam and they basically make you do grunt work including cleaning the office because it's a one-man-shop)
Which one is my best option? Are these all irrelevant and useless internships?
Also, an extra question. I only have a 3.5 GPA in engineering. If I end up taking one of these offers, and I also have a no name summer financial analyst internship over last summer at a boutique investment bank overseas. With this in mind, would I be able to have a chance to get interviews for IBD summer analyst for BB next year? how bout MM and boutiques?
thank you
Well, the last one is obviously useless, but the other two aren't. Reading over the BNY Mellon one, it sounds almost like HR. I think the BoA option is superior, imo. Bear in mind I'm in undergrad myself, so others advice is probably more valuable
BNY Mellon looks like ops to me, while BoA looks tech...you can parlay what you learned about the markets in that position to an IBD interview if you spin it right.
BofA Tech
but would BoA tech pigeonhole me? I have some other tech experiences in the past too..
Also, what do you guys think about the second question?
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does pigeonhole, but that's why you have 30 minutes during an interview to spin your job.
Leggo is right, the tech position obviously isn't ideal but it's the best offer you've got. Use that position as a way to network within the bank--speak to as many people as possible in the IB and express your interest in the corporate finance program. If you make a good impression you can position yourself well for next recruiting season.
You'll have to do this tactfully of course (do a search for going from back office to front office positions there is a plethora of information on this site from people who have made the jump).
Which sophomore internship will set me up for junior year IBD recruiting? (Originally Posted: 03/06/2015)
Currently a sophomore at a top 10 target school with 3.9+ GPA, and my goal for next year is to land a summer internship in BB in HK.
These are the internship offers I currently have: 1) PWM internship at BB in New York 2) VC internship at a well-known VC (but not Sequoia level) based in China (has offices in all of the major Chinese cities (Beijing, Shanghai, HK) and New York 3) Consulting internship at a small financial service consulting firm in China, founded only 10 years ago, but has been covered by a few media stories (FT.com etc) regarding to the Chinese market
Thoughts? Which will set me up the best for recruiting next fall?
Although PWM is not ideal, it'll place you well next year seeing you're a sophomore.
Being in NY will also give you more networking opportunities, as opposed to being in China.
Please keep in mind that my goal is to land a BB internship in Hong Kong, not NY.
In that case, I'd say 1) or 2)
But still leaning towards 1)
I'd probably do #2. PWN internships are generally looked down upon because they convey almost nothing about you as a candidate as they're a dime a dozen. Seeing as you really want HK as opposed to NY, I would go #2 followed by #3.
My vote is number 2. It will make you standout since every other person has a PWM internship and most people know that you don't do jack during a PWM internship.
I had a BB PWM internship, didn't do jack shit. Go with #2 for sure.
2 is the most prestigious and most relevant to where you want to end up
2
Thanks for the opinions guys!
My only concern with #2 is that the name, albeit well-known in the circle of people who are in the industry, is obviously not as well known as the bulge bracket.
Is this concern unfounded?
Yes. If it is well known in VC/Finance, then you'll be fine. BB PWM internships are so commonplace that I view them the same as other no-name wealth mgmt. opportunities (though I might be an outlier in this regard).
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Not only do you merely have a 3.9, but a 3.9 "+" GPA at a "top 10 target school!" Wow, I cant imagine how you would ever break into ibanking at all!
Honestly, dude, cut the shit and take the VC internship; you dont do shit at PWM.
Wow, that's the first sextuple post I've ever seen. Thanks.
OP, go with the VC internship. I did BB PWM my sophomore year and was bored every day. Thankfully landed a BB S&T SA this year.
Thanks guys for all the opinions! Will be taking the VC internship!
and to CA, I really didn't mean to sound pretentious, but merely giving a background of where I'm coming from. However I do apologize if I came off that way.
Most people here would say take this or take that. Tbh, it doesn't really matter. All of those look good. What matters is you are able to network and have coffee with people over the summer. I know people who just networked over sophomore summer (as they didn't land anything) and ended up with great gigs for their junior year, and I also know people who had GS/JPM/MS on their resume after their sophomore year, which didn't do shit for them for their junior year.
Sophomore Internship Offers - Which to take to impress IB (Originally Posted: 11/17/2017)
Though this question may seem kinda lame, I'm in the dark as to the best decision to make right now. I'm a sophomore at a top LAC looking to land a solid IB gig my Junior summer, currently considering 3 options for THIS summer:
My first option is to take an offer I got from T. Rowe Price, where I would be doing ER. I hesitate because although T Rowe has a solid rep and the compensation is great, I don't actually want to do ER that much.
My second option is to take an offer I have from PFM (Public Financial Management) working in their AM division. Again, this isn;t quite what I want to do, but it is a lot more client facing and closer to IB than my ER role at T Rowe would be.
My third option is to wait it out, possibly letting the other two offers expire, and hope that I would end up at a boutique or small IB for this summer.
Thoughts? Am I thinking too much into this, and should just take the T Rowe offer? Or is it worth it to wait and try to land an IB internship for sophomore summer?
Hey makerbayfield, the following topics might be helpful:
More suggestions...
You're welcome.
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Take what you would find most interesting. Both seem to be decent finance positions and both will be sufficient enough for IB recruiting junior year.
I interned at a no-name LMM PE shop and managed to nail interviews for most EB and some BB even with a subpar summer internship sophomore year so you’ll be fine
is a no-name LMM PE shop a subpar internship for junior year recruiting? i go to a target and have been interviewing with some of these haha
firms roughly 400-800 million
Take T. Rowe. Solid brand name, great relevant and learning experience.
ER is going to be a better play.
Gives you a great idea on how to think about value drivers, thinking critically about assumptions, news, market forces, and is great for modeling experience.
Probably a lot closer to IB than what you'd do than option 2. Would likely look a lot better too.
You really get in depth about what drives revenues, costs, and industry factors that
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Sophomore in College: IBanking Internship Chances? Interviews? (Originally Posted: 01/13/2007)
Hi everybody, I'm currently a sophomore in Queen's School of Business undergrad in Canada. I used to be on a pure sciences and math track in high school, but now I'm debating between ibanking and going on to law school.
For those who don't know Queen's. It is supposedly the best Bschool outta the US, but I think it is only because so many kids here have insane connections and are prob from the richest families in Canada.
Anyways we don't differentiate majors until 3rd year.
My GPA is around 3.7 last year and 3.9 this year. I was ranked like 50 outta 300 in my class last year and prob gonna be top 20 this year...However, I've only taken 1 finance course and 2 into accting courses so far, so I have rather limited technical knowledge. I had an iternship with Coca-Cola in China last year working on their 2008 Olympics partnership...but it was in no way finance-related.
Even though I've applied to a couple iBanking firms like GS, MS, I'm really only realistically looking for domestic ones like Bank of Montreal, Scotia Capital, RBC etc.
Now, if I happen to be lucky enough to get an interview, what do you think would be the technical questions that they would ask you? Brainteasers?
This way I can prepare better for them sinceI think I'll tend to screw up on those because I'll be nervous for my first ibanking interview.
Thanks!
just answered some similar questions here
http://www.ibankingoasis.com/node/2560
thanks, but if I can't spend 45 bucks on vault right now...what would you say?
Here you go man... http://www.mccombs.utexas.edu/students/gfa/Resource.asp (all the vault guides for free)
Edit: I corrected it.
Der Bankier was nice enough to provide the link, though it doesn't seem to work on my browser. I'm sure Queens' career center provides access to the vault guides, you should def. contact someone there and see what resources you can avail of. Vault guides are a very good place to start if you're completely clueless.
Word of caution though, if you're interviewing at BMO/RBC/Scotia/CIBC or any of the Canadian IB's, be sure to know your technicals. Canadian schools are known for their business programs and finance junkies are a dime a dozen. Since positions are scant the only way IB's here can choose between 5 brilliant candidates is by testing their technicals. There's just too much talent. Really don't mean to scare you, sorry if i am, but im trying to open your eyes to the realities of Canadian IB competition - its intense. That said, they should take it much easier on you since you're a sophomore, but do make an effort to go in prepared. Remember also to hedge your risks and spread your eggs, apply to ECM and DCM positions as well as IB.
Hah, really? Naturally, I know that IB positions in Canada are few and far between. But exactly how strong are the reputations of their finance programs? Specifically, how would an american IB recruiter, or even a banker, view a Canadian finance student?
I've corrected it; most universities offer students free access to Vault Guides.
Wow, thanks a lot guys, I'll defin check out the career centre.
And yeah, I also checked out a couple ECM and S&T positions.
They're all mainly looking for 3rd years as a safe investment for their training dollars, but whatever, I'll hope for the best.
If you're from Queens, McGill, or Ivey - Canadian & American recruiters alike recognize the rigour of your programs. McGill's finance is highly technical (you have to complete 10 finance courses to graduate, many of which are taken joint with the Master's students). Ivey's program is less quantitative and more case-based, but excellent nonetheless. Queens strikes the balance between McGill & Ivey curricula. This is not to say that other Canadain schools don't have strong finance programs (eg UToronto, JMSB etc) but they don't have the recognition M,Q, & Ivey enjoy in NYC.
I personally know people from those 3 schools who secured NYC positions with GS, MS, Lazard, JPM, UBS, UBS (LA), DB, CS, MOW (consulting). All of these firms recruited on campus, for their NY offices.
Many others I know placed well with BB's in London, too. Outisde of Canada, Q,M, & Ivey (sometimes even Waterloo, even though they're better known for their actuarial science / math focus) place very well.
Canadian schools may not enjoy the publicity of target US schools, but are quite good in their own right.
Not saying Queen's could compete with Havard. After all, Harvard's endowment is over 50 times that of ours...but we do have quality students.
Vast majority of my classmates here were all from the very top of their classes in HS. Many have had 1550+ SATs and turned down good US schools (like Columbia, some other Ivies, USC) to come to Queen's Commerce program, including myself (mainly because of the cost of education). People here work their ass off. If your image of Canadian schools are party schools or lumberjacks...you are mistaken. It takes effort to find the time to go out and party if u want to maintain semidecent grades. last year I could go out 2-3 times a week but this year I'm lucky if I can go out once.
I can't comment on Queen's Finance curriculum because I'm just a sophomore and haven't taken upper year finance yet, but yes, a lot of good companies recruit here.
They take the best and brightest of each class, which makes the competition incredibly tense.
in this past year these companies all had at least one person recruited from among us:
Goldman Sachs, Merrill Lynch, JP Morgan, Morgan Stanley, UBS, Credit Suisse, ING, CIBC, BMO, Scotia
and consulting: BCG, Bain and Co, etc.
These guys all get around 100 applications for 1 spot usually. If I manage to land one, I'll be more than ecstatic.
In any case, if I don't get an ibanking internship this year, what do you guys recommend I do for the summer to better prepare for next year?
Sophomore IB internship chances (Originally Posted: 06/26/2010)
So I'm just wondering what my chances are at getting at least an interview for a SA position as a sophomore, I know some U.S banks have sophomore programs and Canadian banks hire a few. A few MD's at my current Ibank know people in U.S banks and said they'd be able to help me out but I don't necessarily want to operate under that assumption, rather I want to base this on merit.
My qualifications:
Canadian university, May 2013 graduate.
GPA: 3.66, Commerce degree.
Experience: 5 week rotational program in one Ibank (IBD,PE,direct investment, investment research, and investment advisory). 2nd internship at another Ibank in the IBD, still there, was meant to be for a month but I'm getting it extended by a couple of weeks - I'm getting valuable financial modeling and presentation experience from the latter. Both are in the middle east.
What are my chances?
if you have someone helping you I would say your chances are avg at best... its going to be tough but you need all the help you can get...most firms use summers to staff full time so doubt they want to waste a spot on someone not able to come back full time following year
As a disclaimer, I am only a rising Junior.
From my experience, your gpa and school (I'm assuming a semi-target) will drag you down. On top of that, I've heard that a lot of banks are reluctant to sponsor visas. Your experience might be able to offset some of this, and if your MDs really liked you, that could be the push you need to land an interview.
Good luck
How is a 3.66 a drag on my chances? The minimum is a 3.5. My university is a semi-target when it comes to banking, but it is very reputable in other fields including medicine and engineering. It's a top 5-6 in Canada, depending on the year.
Btw, what about my chances in Canada? I'm not really worried about sophomore year seeing as how I can come back here and intern again next summer, btw is London stringent with the visa issue as well?
which uni did u go ?
Sophomore with two investment banking internships... i don't know how people like you do it, i'm at a non(semi) target Canadian school as well, and I've networked my ass off for a year and only managed to land a lowly IT consulting job.
Reading some other posts, it looks like you got your shit through parents. It's not cool to flaunt shit like that. Good for you, though, I guess you looking for new job means you did like shit, and your mom had to suck off one of the MD's to extend your internship (my thought is that she did that in the first place to get you that internship anyways).
It's not flaunting, flaunting would be to lie and say I attained both through complete merit which would be dishonest. No freshman gets any proper internship without connections, period. Actually, I excelled and now have 3 MD's vouching for me and sending me resume to their BB contacts, obviously you lack attention to detail otherwise you would have ascertained that I was asking about next summer, hence the "sophomore chances" . It's not wise to express your anger the way just did, it shows weakness and immaturity.
it's true, i got one this summer from cold-emailing a local boutique. shit happens and this ruijiang guy is posting stupid stuff like the post he just made on a bunch of different topics.
Advice on Sophomore Summer Internships-Junior Fall IBD Recruiting (Originally Posted: 04/21/2015)
Hi all, I am a sophomore at a non-ivy target school in NYC, currently having a 3.7 GPA.
I Had accounting and insurance internships (Deloitte and Metlife) in my freshman year just to get some general market exposure.
I am hoping to land an ibd internship in Asia-Pac or NYC junior summer.
I am having those four options, all in China, either Beijing or Shanghai. Probably picking 2 internships out of 4 options
I am originally from China, so I want to work in Asia-pac upon graduation, but I can't turn down an summer internship in the States and expand my network in America. Really struggling to make some choices here. It's my first time to create a thread. Cut me some slacks! Thanks for your advice, all is appreciated!
Simon
I've never trusted Chinese firms, so I would avoid the last two options. If you're picking two options, go with the first two.
2016 Investment Banking Sophomore Summer Analyst Program (New York) (Originally Posted: 02/23/2016)
Hello, I was wondering if anyone heard back who applied for this yet and when interviews may have taken place or might take place?
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What bank?
oh sorry, Morgan Stanley
Looking for Advice - Sophomore Internship for Target School for IB (Originally Posted: 01/11/2018)
I'm a sophomore at a target school and interested in IB. Unfortunately, I'm in the wrong degree program (non-finance / non-economics) so I'm worried about my chances. From my conversations with alumni, it seems that my best chance of landing the critical Junior-year Summer Analyst internship at a good bank is to get a relevant internship this summer (Sophmore year) so that I stand out next year.
It seems that some of the IBs have sophomore summer internship programs but I can't figure out how to apply to those programs. Is it all friends of the firm? I would appreciate any advice on how to approach summer recruiting and tips on where I should focus.
Hi tedyang, check out these resources:
No promises, but maybe one of our professional members will share their wisdom: Beijun-Luo pedro-rojas SalaryCC
You're welcome.
Help needed: Is it too late for a rising sophomore to get a boutique IB internship? (Originally Posted: 06/07/2013)
Hi fellow WSO'ers
I'll start with a little bit of background about myself. So I've been out of school for about 2-3 weeks after finishing my first year at a non/semi-target, although it is located in one of the 5 boroughs in NY so that can be considered an advantage. I've done fairly decent with a 3.71 gpa in the 2nd semester and only a 3.0 in my first semester because 1-2 classes really lowered my gpa leaving me with a cumulative of 3.35. Moving on, I have decent accounting experience from a small CPA accounting firm and worked as an assistant at a Controller's office in which I analyzed a large portfolio with many fund types and worked on a summary of operations. I have led a team of 6 students to the semifinals of a competition for a Big4 accounting firm this year. I have also played a sport semi-professionally for over 3 years and have been ranked as one of the top players in my age group on the east coast. I can provide a resume to anyone that PM's me and wants to help me out a bit, even though I do feel like my resume may be above average in terms of formatting and work/leadership experience( at least I hope so). I've also searched here and learned a lot about networking, and I'll make use of what I have learned towards the end of the summer and the beginning of sophomore year for next year's summer analyst recruiting. The main problem on my hands is what I should be doing at this moment. Unfortunately, I have no clue what to do now or the best method to resolve my current unemployed freshman summer situation!
It is obviously very late in the process and most interns have already started working. My only tools left are most likely cold-calling and cold-emailing since I have not built up a network or met with any individuals in the industry during my freshman year. I have a few lists consisting upwards of 100 boutique IB's in NYC so I have contact information readily available for HR, MD's, SVP's, VP's, etc. However, I do not have any connection with these people, so can someone recommend the first steps I should take toward obtaining an internship? I've recently read that cold-email's should be sent to individuals that you want to set up informational interviews with and that you may have a connection with through school or anything else. If I do cold-email these people and then maybe schedule an in-person meeting or phone conversation, this would probably be at least another week before they respond and another few weeks before a possible interview is planned. The earliest my interview/offer can happen is probably at the beginning of July, which is very late in the process. Based on what I have assumed, cold-emailing does not seem to be an efficient thing to do at this point, but please prove me wrong and help me out if there is anything to add.
If I resort to cold-calling, I've heard that most higher-ups don't really like this sort of thing and have no real reason to help anybody out, especially since I would not have emailed them beforehand or made any connection with them whatsoever. There is a possibility that this may work if I cold-call many firms within the next week and really impress the individuals on the other end. Are there any templates you guys may suggest from personal experiences that worked for this type of approach. I have searched around on this forum but have read about mixed results.
Another option is simply visiting the career section on each boutique Ib's website and applying directly through there, even if I do not see any openings listed. This would probably be very ineffective, but It could work if I apply to about 50-100 IB's and land a few interviews. If I end up doing this, are there are negatives about applying to so many firms i.e getting blacklisted and/or not hired by these same firms in the future? Also, should I attach a customized Cover Letter for each application or paste a shortened cover letter in the body of each email. Would cover letter's even be necessary?
Apart from IB, I would definitely be willing to do a PWM/AM internship. In fact, I'd probably be willing to do any type of internship related to finance that still keeps my passion for the industry going. In addition, I would be more than willing to work unpaid, no matter how many hours per week.
P.S. I'm very sorry if this is the wrong section for the post. I thought it would be most relevant here.
Anyway, I'm really hoping you guys could help me out with some suggestions to get me moving. Have a great weekend and a huge thanks in advance to anyone that contributes!
Your hashtags look like an Instagram post
Hit up alumni from your school on LinkedIn right away. It's weekend so they might read it on Monday but it's your best shot that late in the process.
How should I approach this method? Should I just ask them to meet up with me for an informational interview or be direct and ask if their firm has any openings for an intern? Can you give me any other tips before I start contacting these people or recommend a template that has possibly worked for you?
Never too late
I only managed to find a few analysts that currently work in boutiques, but I will also try contacting VP's and MD's as there are many more of them that are currently employed at boutiques. By the way, is contacting the higher-ups a bad thing to do or does it simply mean the chances of them helping me out are slimmer?
Thanks for all the input so far
iamamonkeybanker - That is definitely true, but some hope is lost after every day goes by
2016 Sophomore IBD Internship Advice (Originally Posted: 01/24/2016)
Hi all. I'm a sophomore at NYU (non Stern). I recently interviewed with a top BB (GS/MS) in their IBD, and was put on the alternate list for the superday and/or offer. I have close contacts within the firm and they have assured me that they will do all they can, continually follow up with HR and keep me posted, but can't imagine too many people turning down an offer. Wasn't able to get any other BB interviews so I've been reaching out to tons of boutiques. Was wondering if any of you advice on how I should bring up a possible SA position during my cold calls/emails and if anyone could speak to the possibility of getting an offer from that alternate list. Thanks.
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Will this sophomore year internship help out with obtaining a BB IBD internship next year? (Originally Posted: 04/29/2012)
I currently have an internship at a Fortune 100 company in their Strategic Analysis Department. I will be doing a lot of financial analysis and other types of analysis on various projects that I get.
Will this internship help me get a BB IBD internship next year? I go to a target school as well.
Anything related to finance will certainly improve your chances for sa recruiting. However, you may find yourself slightly disadvantaged when competing with other kids in your class who will have stronger internship positions. As always the name of the game is networking and I would suggest starting soon to strongly position yourself for as many interviews as possible.
Sophomore IB Summer Analyst Internship in BRIC (Originally Posted: 02/22/2011)
Would this be seen as a plus (i.e. different experience, international exposure) or would it be less legitimate than an experience in a NYC boutique?
depends on the bank, if its a solid place you will definitely get some good exposure and recognition back home. if its some name nobody has ever heard of then it will be a bit tougher. but a BB in an emerging market might be a good start.
I think it will certainly be seen as a plus, particularly if the bank has some name brand recognition in the U.S. and/or you couple it with some language skills.
Remember, you are a Sophomore. You still have Junior summer to work in NYC if that's where you want to be FT.
Choosing Between Soph IB Internships (Originally Posted: 04/04/2013)
Hey everyone!
First post on here, so go easy on me. I'm a sophomore at a target school with a GPA hovering around the cutoff for BB banks. I've been cold emailing for internships this summer and have had some limited success. Essentially at this point, I have 3 options on the table and am having some difficulty deciding between them. I'd like the one which would probably best set me up for junior SA recruiting. I mentioned my GPA just because I'm more concerned about getting my resume pulled out of the pile for interviews rather than having a strong technical foundation (although both would be ideal, pretty sure my technical foundation is decent now and I could always study more later). If anyone could offer any insight, I would appreciate it.
Option 1. Intern at restructuring IB group at a MM bank. Would be unpaid, 9-5, but would work alongside all IB SAs and report to the same associate. Limited modeling work, more bitch work. Would receive a return offer in the Fall for junior year summer if I performed well, so could go into recruiting with an IB offer on the table.
Option 2. Intern at same MM bank, but with their PE group. More modeling exposure (guy told me "different models than the IB group would do" though), long hours, limited pay. No explicit mention that I could receive a return offer, but I'm assuming that applies here as well. (I know this sounds much better, but is the PE as good as banking experience when recruiting for banking? I know top PE firms like Blackstone, Carlyle, Apollo always look good, but this is not as well known.)
Option 3. Intern at a small, no-name boutique with real deal exposure and a "real" IB experience with good deal exposure. Pay would be better than both above options. Would be one of 2 interns in the firm, so wouldn't be just another face in the crowd.
Leaning towards option 2, but obviously I have many concerns and reservations. Any suggestions/thoughts/insights would be very much appreciated! Thanks again!
3 sounds like the best out of those... Pay is high, smaller company = more exposure so you'd learn a lot more and you'll gain a lot more insight into the various parts of the business rather than being at a larger company and having a limited field of view. Hopefully this helps... interested to see what others have to say.
Tough call. I'd say it's either Option 1 or 3. If you really like the MM firm and want to work there after college, I'd say Option 1.. However, if you are aiming for a top BB firm, then I think Option 3 gives you an edge. First of all, since you are at a target, the real IB experience will set you apart and you will be better prepared for SA interviews at BBs. Secondly, since it's a small firm, you have the chance to make lasting connections with the MD and other higher ups and perhaps utilize their connections in the future. Lastly, this reason is not necessarily that important, but the pay is nice.
3
IBD SOPHOMORE SUMMER ANALYST 2017 (Originally Posted: 01/21/2017)
Hey Everyone!
Any banks (BB/MM) still recruiting for summer analyst internships 2017 (Investment banking)?
Please comment/share
Thanks!
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Sophomore Year IB internship (Originally Posted: 04/03/2018)
I'm a freshman at a midwest targetish school (think U of C or NU) with an upcoming internship at a small hf (200 aum), and wanted to know which bb/eb/mm banks offered internships for summer 2019 (besides BAML, GS, MS, and CITI) for sophomores. I am nondiversity, but I have a 3.8, decent EC, 35 on ACT, Econ major, and a pretty good hook to why banking.
Hi werty1713, just trying to help:
Or maybe the following users have something to say: Antiaverage JSelbach kyo_chung
I hope those threads give you a bit more insight.
Investment Banking Internship as a Sophomore (Originally Posted: 05/26/2018)
I currently attend a target school (think UVA, UMich, Berkeley) and it appears as though that I am late to the game in terms of looking for a summer internship for next year. I am a rising sophomore and am curious as to what firms tend to be more open for sophomore internships? Also, is the current recruiting for early applications and will there be more rounds in the future? Most of my friends had their superdays in September and October of last year for an internship this summer. This year seems especially early for applications.
Bman1080, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
No promises, but sometimes if we mention a user, they will share their wisdom: Dan12345 LadiesMan217 broadstbully
If those topics were completely useless, don't blame me, blame my programmers...
Rising Sophomore Looking to get IBD next summer (Originally Posted: 09/12/2010)
Hi everyone, starting sophomore year - Non-Target. Trying to get front office (ibd strongly preferred) next summer. So far I have what is listed here:
http://www.razume.com/documents/16657
-The courses section is mainly all financy courses like finance/accounting/economics -The PWM is an easily recognizable name on the street -Research starts this month -Came close to getting into a boutique pe shop (unpaid) this summer, but was beat by 1 of 25 other ppl interviewed -Will transfer to a target for junior/senior year, but still want banking this summer
Thoughts?
Thanks guys
I don't get it, what was the point of posting this again?
transferring to the target school is critical, so it's good that you're working on that.
For this summer, anything related is fine... many kids applying for SA positions junior year don't have PE/Ibanking internships beforehand... they do generally have some other related internships though, which you're already looking okay on...
My advice would be just don't mess up the school transfer. I have no idea how that process works, but I do know that your entire early professional life will be defined based on the school you graduate from and even marginal differences in the quality of the degree can make a vast difference on your prospects in the future...
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