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!

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (9)

Jun 27, 2021 - 2:52am

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.

Jun 27, 2021 - 9:39am

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?

Jun 27, 2021 - 9:51am

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?

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Associate 3 in IB-M&A
Jun 27, 2021 - 4:56pm

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.

Jun 27, 2021 - 9:10pm

Eos animi nobis enim sit rerum ut. Labore consequatur et rerum nobis fuga sunt quidem ullam. Voluptas fugit nisi quasi ratione debitis nihil. Est recusandae architecto eum aperiam facere modi. Ipsam odio tenetur facilis deleniti rerum quidem.

Perferendis architecto corrupti facilis omnis laborum sit sunt voluptatem. Sunt voluptas reprehenderit pariatur fuga similique tempora. Dolorem ea dicta error cumque quasi aut voluptatem. Quos vitae et sed quia neque voluptatem ex. Doloribus excepturi a aut incidunt.

Libero dolores sit voluptas eos consequatur. Explicabo tempore vitae officiis et doloremque. Sed quasi quaerat odio. Illo a voluptatem ipsam praesentium. Cumque amet minima quaerat earum magni maxime quibusdam. Rerum nobis expedita rem illo.

Laboriosam et dolorem optio expedita corrupti. Commodi placeat dolores qui maxime. Labore quos ullam dolor ipsum. Sit eius porro quae aliquam. Et delectus et quos hic tenetur repudiandae suscipit nobis. Rerum iste velit nemo reiciendis nemo amet. Quia recusandae et sit sunt.

Start Discussion

Total Avg Compensation

December 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (236) $235
  • 2nd Year Analyst (145) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (394) $84