Some MM boutiques have already started posting internship positions for summer 09. Is it too soon to apply now?
I'm a sophomore and, given the recruiting fears, don't hold out much hope for BB recruitment.
If I applied and got the job, is it allowed to renege at a later time, say if I tried to go for a better offer?
Of course, just asking about possibilities - haven't actually even applied yet.
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no, its not allowed, but the general consensus here is that since the banks can cancel your offer at anytime (as proved time and time again), you have nothing to lose - save burning bridges with said company etc... Just be careful and you should be fine.
Best of luck'
Paradoxical
Thanks, I plan on waiting for a few months before applying.
how'd you find out MMs are posting internships for summer 09 already? did you just look on websites?
if postings are already being made, get in contact with alumni, if any, at this firm. This will put you in a better position because your resume isn't coming in with the glut that's bound to build given the current market.
The firms I'm looking at now are small ones. I do want to have something IBD related but some smaller HFs also recruit at my school later on in the year. At that time, almost everyone will be applying to any firms they can find. Assuming I interview and get it now (before winter), I'd be giving up the chance to work at other firms. But I'd rather be safe, I guess. Thanks moundofdirt.
jli: I've been looking everywhere that these internships come up: firm's websites, craigslist - NYC (Yes, it is surprising that hedge funds and boutiques recruit from there!), doostang, monstertrak, etc.
I just check these sites once every 2-3 weeks to see the type of jobs sprouting up and noting down the ones I find interesting.
In light of the current market news, should I just forget about the minimal chances of a sophomore year BB or HF internship - and shoot for anything finance-related I can get?
"In light of the current market news, should I just forget about the minimal chances of a sophomore year BB or HF internship - and shoot for anything finance-related I can get?"
That's what I did my sophomore year. Doesn't look like its going to work out for me this winter though.
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