Too many buy-side internships for IB recruiting?
Hi all,
Rising sophomore at a target, currently doing summer intern at a small PE firm and likely to intern at an AM/HF for fall. Although I really enjoy the learning experiences and all, I want to ask if having multiple buy-side internships on my resume is too much. I understand that many would network themselves into a boutique IB for sophomore summer, but in case I can't land a sophomore IB SA and still do a buy-side internship, would that raise questions in the junior SA interview (why IB and not PE/HF, for example)?
All insights appreciated!
Bump
No, just spin together some BS of how you got exposed a little to deals on the buy side talked to some bankers, and now want to focus on deals cause it’s much more interesting/dynamic than the buy side. Buy side internships are super common for recruiting and still look good on a resume from what I’ve heard/seen.
Thanks for the advice! Just a follow-up question, how can I explain the part on still doing a buy-side internship for sophomore summer given that I already have 1-2 previous buy-side experiences and should have realized my interest in IB already? I mean, I can't just say sophomore IB is competitive so I do buy-side as backups right?
They’ll just ask you why are you interested in the sell side? And you respond you absolutely LOVE the deal experience
Thanks for the advice! Would you mind elaborate on that answer? If they go ahead and ask why I love the deal experience at IB but still do another buy side internship sophomore summer, what is the best way to respond?
Just focus on that you want to see the entire deal process from capital raising to M&A (obviously depends on the group you are talking too) , would like to work on multiple deals, and get a strong training program. If they ask if you want to do buyside after just say not sure, but enjoy finance.
Thanks a lot!
This isn't that big of a deal, it's pretty assumed these days that students are looking to do their 2 years and move on to PE. You will run into the occasional hardo that thinks analysts should stay in IB forever and will press you, but 99% of people interviewing you will not care as long as you have an answer for why you want to do sellside. It's well known sophomore summer, let alone IB sophomore summer, is tricky to figure out, highly doubt anyone will press you as to why you didn't do IB that summer.
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