Sophomore Internships: Nothing Seems to Work

Anonymous Monkey's picture
Anonymous Monkey

I am a sophomore at a target/semi-target, international (asian) student with a 3.7 GPA looking to probs enter IBD (sponsorship being the driving component here). Member in 4 finance clubs on campus (including my college's investment club).

I have been looking for summer internships all across the country in IBD, PE, VC, Mutuals, L/S Equity (literally anything where I get some transaction or investing experience). We aren't talking about big boys here either - I have been reaching out to plenty of PE shops in the lower middle market and mid/small-cap hedge funds etc. It's been a combination of applying on job portals (including my school's), reaching out to alums, cold-emailing employees at firms in my city and so on.

I have been doing this for basically 3 months now but nothing seems to be coming through, had a couple of phone chats/screeners and 1 final round interview at a PE firm but so far I don't have a single yes. Ngl I feel like things are looking bleak lads. The banking timeline has just begun for 2020 and I still haven't secured anything for 2019... should I be concerned? Would love any guidance, thanks :)

Comments (7)

Mar 16, 2019

Same boat here...with 2020 SA moving quickly I feel it won't even matter as long as one could secure a 2020 spot before summer ends tho someone correct me if I'm wrong.

Mar 16, 2019

Why not just email some search funds? If you can't get a paid gig you can still get good research/excel skills by working for free for some of the places that let students work remote. I did this prior to getting my sophomore internship, and it's probably what got me my sophomore internship

"It is not our circumstance that controls us, but our thoughts that control our circumstance." -James Allen

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Mar 16, 2019

This seems like sage advice. There is no magic bullet to make yourself a more viable candidate in the present necessarily, but you can always position yourself for the future. OP has plenty of time being in sophmore year.

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Mar 16, 2019

I wouldn't worry too much if I were you, I go to a semi-target and managed to land internship offers at a growth equity shop and direct lender in early May with a 3.4 GPA.

Lots of boutiques start looking for interns later in the year as they have a better idea of their hiring needs, I would focus on maintaining your GPA and continuing your search.

Mar 16, 2019


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Mar 16, 2019

Ended up getting to choose between a HF and IB a week after this post. Thanks for the support guys :)

Jun 2, 2019