Comments (46)

 
Sep 23, 2017 - 10:03am

Sophomore internships in S&T and IB (Originally Posted: 08/29/2016)

Can anyone provide a list of realistic banks to apply to for sophomore internships? I have back office experience at GS, but from a non target.

 
Sep 23, 2017 - 10:05am

IB SA openings for freshmans and sophomores (Originally Posted: 09/24/2017)

Maybe you want to get ahead or you want to experience what IB is like early on - Do any banks specifically offer SA positions for freshman and soph summers? For example, I've seen quite a few guys working at Wells Fargo IB in their sophomore year. S&T divisions in BBs also seems to hire quite a few sophomores. Also, have you seen any kids get BB, IB SA internships freshman or sophomore year - how does that happen?

 
Sep 23, 2017 - 10:06am

You have to an Underrepresented Minority (Female, Hispanic, African American, Native American) for 98%+ of internships for freshmen and sophomores. The other 2% are either for connections (your parents are clients of the bank / your parents a MD) or for a superstar kid at top targets (Harvard, Wharton, and the like).

 
Sep 23, 2017 - 10:07am

Sophomore - IB SA (Originally Posted: 01/01/2010)

Looking for some relevant experience during the summer following my sophomore year. Ultimately I'm looking to get into IBD, although as a sane person I realize that's extremely unlikely to happen this summer.

Overall impression? What are 2-3 things I should do to improve? Anything in particular that you "like"?

http://www.razume.com/documents/13163

I've seen a number of resumes, but very few from other sophomores. If you have, how would you say this compares?

 
Sep 23, 2017 - 10:10am

Keep your GPA up - it's competitive given your difficult major. Keep in mind that coming from a non-target you need it as high as possible.

Also list your SAT scores - without it, BBs will reject you without even looking through the rest of your resume.

Lastly, contact alums from your school NOW in hopes of getting more finance experience under your belt.

The below site gives advice to students from all backgrounds (including Non-target), helping them land positions at BBs, with a few posts detailing the IBD experience. A lot of those insights would apply to you.

Good luck.


Chase Us, Break In!

Banking & Consulting: RESUME RE-WRITES AND COVER LETTERS
http://chasingconsultantsbreakingbankers.blogspot.com/

 
Sep 23, 2017 - 10:11am

I would change the bullets under the summer school section. Talk more about the two month program instead of stuff you "learned" it just sounds like fluff. (just an opinion though) I also think the skills section should be a little further up, before the experience section. I would delete the interests section and the mvp of the soccer tourney, (i would only keep it if it was like a national tourney or bigger) as an idea you can replace interests with school activities or professional organizations.

Just some opinions, hope it helps. You do have a great GPA for a difficult combo of majors.

Best of Luck!

 
Sep 23, 2017 - 10:18am

King Ari,

For a recruiter who has less than a minute to review your resume, the most important information is not conveyed quickly and forcefully.

  1. Expand on your first two experiences - those are the most relevant. Give more context and focus on the results of your individual contributions.

  2. Put the first two experiences and the financial analyst experience under the heading "FINANCE EXPERIENCE"

  3. Put the remaining experiences under "EXTRACURRICULAR LEADERSHIP" -- also cut down on the descriptions or feel free to cut one of the least significant experiences to make space for expanding on above

  4. You need to put location/dates for your all your experiences

  5. add your SAT scores - many BBs will reject you automatically without them

Good luck, let me know if you have more questions


Chase Us, Break In!

Banking & Consulting: RESUME AND COVER LETTER RE-WRITES
http://chasingconsultantsbreakingbankers.blogspot.com/

 
Sep 23, 2017 - 10:19am

King Ari,

I have a contact in HR at UBS and he said they hate when they see things like "singularly managed $5M transaction..." on an intern's resume. Obviously as an intern you don't have that much resposibility (although if you really do- props to you). But in most cases interns (especially Sophomores) just do basic excel, powerpoint, etc stuff... So it looks like you're stretching the truth a little too much. Just my opinion though and from what I have heard.

 
Sep 23, 2017 - 10:20am

hey bkobe516,
that makes sense-i think ill take it off. i know it hards to believe, but I actually came on as an intern one day after the mandate was secured, and because the client side was in an emerging market where I was a native speaker, I was immediately put on the case and developed the investment memo alongside the presentational pitchbook for the consortium of vc's i arranged meetings with. however, when things did go further into the number talk, i was pulled from the talk and the avp's of the boutique took over. so i guess that makes sense...i didnt singularly manage, but I felt I was accountable for the sentence I placed in the resume.

but youre right-i feel it doesnt add enough value and it comes across badly

 
Sep 23, 2017 - 10:21am

Sophomore internship offers from bb ibd?! (Originally Posted: 04/23/2016)

I'm just wondering how is it possible for bb ib firms to recruit sophomores in college. don't they usually go for juniors and seniors and is it common for students to intern at bb firms at such a young stage in their college careers? if anyone has been recruited from college for an internship in their sophomore year how did you do it?

 
Sep 23, 2017 - 10:22am

It is possible, but usually only happens through diversity / minority recruitment programs. If you qualify, I would look into this option. Otherwise, it's very unlikely and I would focus on getting something you like that is somewhat interesting and related to set yourself up for a junior internship.

 
Sep 23, 2017 - 10:25am

Sophomore IBD interns tend to be one of the following:

a) relative of an employee / client
b) networking legend with a solid profile (great grades, great school, hustled to get in front of the right people [usually the staffer or people at the VP level or higher)
c) finance rockstar (either great previous internships [one of the BB freshman internship {not externship, one-day camps} programs, or something else really recognizable] or perfect grades at a well-recognized school
d) diversity candidate (and coming in through a program like JPM Launching Leaders, MS RBF, GS Scholarship for Excellence, CS Douglas Paul, etc.)

If you aren't (a) or (d) you can't do anything else except gun your hardest to be (b) or (c).

I am permanently behind on PMs, it's not personal.

  • 1
 
Sep 23, 2017 - 10:27am

I just realized that my first post didn't answer your last question. I basically attended a few diversity programs during freshman summer and was in the interview process for BB scholarship programs in the fall.

In the end, I ended up signing an offer with my top choice after securing an interview purely through networking - not a formal diversity recruiting event. There are other avenues, but just keep in mind that they are much harder to come by. Refer to the comment above by APAE for advice on how to do this

 
Sep 23, 2017 - 10:30am

Possibility of S&T summer analyst position as Sophomore? (Originally Posted: 03/20/2007)

How realistic would it be to look for (and obtain) an S&T summer analyst position as a Sophomore? Based on assumptions of: 4.0, Target, Good EC's (But no particular finance experience SO FAR).

Are there any extra-curriculars that would absolutely blow traders reading resumes away?

Examples?

What kind of people do they like?

How can I DIFFERENTIATE myself?

(I have done quite abit of research on the web and with friends - however my friends are all ibanking analysts and thus live inside an ibanking analyst bubble. Info on S&T with respect to the above would be great)

Thanks,
+Hammy

 
Sep 23, 2017 - 10:31am

My friends in finance are all ibanking analysts...soo....

Does this mean Trading Analyst positions are more exclusive/harder to get/prestigious/competitive?

As far as I know, all of my buddies only applied for IBD's and PE/HF and NOT S&T. I will ask why this is soon and post.

 
Sep 23, 2017 - 10:32am

I've found that having some leadership or alternative business extra-curricular activities can be great e.g. be in an investing club (or one that gets good returns), START an investing club (always VERY impressive), be head of a student group on campus, etc. I've found that having something that shows huge initiative (like starting something up or reforming soething) or ~taking over something (like being a leader) is amazing on your resume. it doesn't eve have to be business- or finance-related.

 
Sep 23, 2017 - 10:35am

There are less spots in trading because firms generally hire indefinitely and not for two year analyst classes. Plus, most desks have around one analyst, maybe none. Many have more directors than analysts. Most IBD groups have tons of analysts.

 
Sep 23, 2017 - 10:37am

S&T is pretty tough to get as a sophomore.

I do know one guy who worked in GS FICC after his sophomore year of college. However, he attended a top 5 university and is truly extraordinarily bright, I'd say in the to 1-2% of his class (both in GPA and in raw intellectual horsepower). He also told them he was planning to graduate early (which was credible, since he took a very heavy courseload), though he always knew he'd be staying four years.

 
Sep 23, 2017 - 10:40am

Gunning for BB/EB IBD as a target sophomore (Originally Posted: 09/05/2016)

Hi WSO,

I'm a sophomore at HYPW with a top 5%ile GPA, and am trying to get one of the few non-diversity (I'm an Asian male) IBD spots at a BB/IB.

1) How hard is getting a BB/EB IBD internship as a non-URM/ORM sophomore with these stats?
2) If not BB/EB IBD, what else can I look at?

3) What would be the best course of action for getting these internships? Currently, I'm thinking of attending all OCR events, as well as reaching out to everyone and maybe ask them to refer me.

Sorry if I came off as arrogant, just really working hard to compete with my peers who get such gigs with a single call to mommy/daddy. Much thanks

 
Sep 23, 2017 - 10:44am

I'm gonna be honest with you, your chances are slim to none. Most BB programs for sophomores are diversity and the few non-diversity students who get in have killer connections. I know quite a few top tier target kids (gpa 3.9, finance internships, etc) who couldn't even get first rounds for sophomore programs, because they aren't diversity. As for EBs, the only one off the top of my head that has a sophomore specific program is PWP, but it's very competitive. If I were you, I would shoot for MM PE internships or boutique IB.

 
Sep 23, 2017 - 10:45am

1) non-URM kids will not receive a sophomore internship unless they have significant family connections. There is no meritocratic hiring for sophomores, period

2) your best bet will be MM IBD or boutique IBD in New York. Look at places like Wells, Nomura, etc. - this is hard to pull off but reasonably possible. Otherwise boutiques are the way to go.

3) cold emailing people at the above firms will be the best course of action, unless they run processes at your school.

I was in a similar boat as you my sophomore year and ended up at a boutique bank. Junior summer worked at BB IBD in a very competitive group, and got an offer to return for full time, along with several other FT offers from EB and one other BB. Could be wrong about #1 above, but the only non diversity sophomore kids I know have been client hires (typically they are in coverage, and their parents are very senior at a major client)

Start Discussion

Popular Content See all

This Fucking Sucks
+50OFFby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Why would any associate+ banker choose a BB over EB?
+39IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
Share a day that looked like a Suits/Billions episode
+29IBby Intern in Investment Banking - Generalist">Intern in IB - Gen
You Did it Citi
+28OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
PE isn’t the best way to get into b-school
+27BSCHby 2nd Year Associate in Private Equity - LBOs">Associate 2 in PE - LBOs
Evercore Target Schools?
+22BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
What's Wrong with Warburg Industrial & Business Services?
+17PEby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A

Total Avg Compensation

February 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (159) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (368) $131
  • Intern/Summer Analyst (304) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
Addinator's picture
Addinator
97.6
7
frgna's picture
frgna
97.6
8
bolo up's picture
bolo up
97.5
9
Edifice's picture
Edifice
97.5
10
NuckFuts's picture
NuckFuts
97.5