Unpaid Boutique IB Internship in Spring, Post Graduation....Worth it?
I'm a senior graduating in December and have been looking into an unpaid internship with a boutique IB in my hometown (Charlotte, NC). I went to a regional state school that isn't anything special but decent. After graduation I expect to have a GPA around 3.1/4
Before you to rush to leave this thread or call me an idiot hear me out and just skim this. I'm asking for practical advice with realistic expectations. Promise.
The issue I have follows. I have great connections in commercial banking, currently I've been contacted by two banks for credit analyst jobs, which aren't a terrible option, given my background. But, I haven't put much effort into the search and am not all that interested in commercial banking, the connections make it convenient. There is a risk if I put those banks on hold until May they might not be interested, regardless of how long they've known my dad. I know I could look elsewhere but those are my top firms should I go that route.
Assuming I get the internship...
(I'm fairly confident I might pull it off, they aren't paying after-all/ it's Spring)
Things I'd like to know…
What is my outlook for employment, post internship?
Could I viably lean on solid job performance over academics?
(NOT a lecture on how unqualified I am currently, I know that already)
I'm looking to break into capital markets in general, and basically want to know if I'm potentially screwing myself here. I don't expect to walk into Goldman in May (or ever) and play with the big boys but, I need to be gainfully employed in the end. I don't want to end up worse off. I know I'm being dealt a fair hand already. I need help understanding the potential risk if I turn down a CB job in favor of the IB internship.
A little more about me, I'm smarter than the school I went to (1900 SAT) and learn quickly. I planned to transfer to a better school but got wrapped up in joining a sorority, bf, blah blah. I held an unrelated internship at a nonprofit last summer and hold a few leadership positions on campus in addition to a stable part-time job. So extra curricula's aren't lacking. Just academics. Will I be able to lean on solid internship performance and tangible skills diluting crappy academics during the job search? Last, it's made my life easier before so I figured I could mention I'm female, blonde, athletic…I've found sometimes people are willing to deal with an ounce more bs from me. If looks affect my outlook it's worth noting as far as I'm concerned.