Will a Wealth Management Internship help me land a job/internship in S&T or IB?

jb123's picture
Rank: Chimp | 6

I am a sophomore at Villanova University hoping to eventually land a job in S&T or possibly IB. I am curious as to whether or not an internship in WM will help me get an internship in a field I am more interested in?

Comments (27)

Sep 4, 2013

If you do not have a S&T or IB internship it is good. Its very common for students to have PWM internships as sophomores

Sep 4, 2013

I already have this internship and I am working there now. Any tips for parlaying it into summer IB or S&T? It's Morgan Stanley wealth management if that matters. Thanks!

Sep 5, 2013

You will most likely be cold calling most of the time. I actually believe cold calling is something everyone should experience early in their career. It is a great way to get comfortable on the phone, sell yourself and build up your confidence.

One thing to take advantage of is the corporate directory, use this to your advantage. You can also ask the FA's you work for if they could introduce you to anyone

Sep 4, 2013

Yes. Having any sort of finance internship as a freshman/sophomore will be advantageous for landing a more relevant internship in the future.

Jan 5, 2014

Literally in the exact same position as you (except in Canada). Would love to here the communities input. I'd suggest looking at creative ways to improve the business and just be helpful. Management likes it when you're thinking. Can anyone in your branch connect you to someone in IB? I was lucky enough to talk to a campus recruiter for my firm's IBD.

Jan 5, 2014

Glad to hear I'm not alone and thanks for the tip. And yes, I am networking within the firm's IB.

Jan 5, 2014

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Array

Jan 5, 2014

Just PM-ed you.

Sep 4, 2013

Worked for me

Sep 4, 2013

did PWM this summer as a freshman and it was a good introduction to finance since I had not taken any relevant classes before. Hoping to do boutique IB this summer. Got to start somewhere dude.

Sep 4, 2013

I already have this internship and I am working there now. Any tips for parlaying it into summer IB or S&T? It's Morgan Stanley wealth management if that matters. Thanks!

Jan 5, 2014

I think it can be spun easily. All you need to talk about is how you researched an industry, business models, performed company due diligence, became more familiar with financial statements, became better at projecting results, etc.

Sep 4, 2013

I already have this internship and I am working there now. Any tips for parlaying it into summer IB or S&T? It's Morgan Stanley wealth management if that matters. Thanks!

Jan 5, 2014

Personally, I think "they didn't know if this was the right career for me" just means "you are a good performer, but there's just something about you (e.g. your personality) that we don't like". Essentially, you did the job well but some people in the group didn't like you as a person.

Jan 5, 2014

Yeah. Sounds like you just didn't fit in. You probably just tried TOOO hard. It happens.

Jan 5, 2014

you may be too controversial

Jan 5, 2014

Did you tell anyone while you were interning there that you really wanted to work in i-banking?

Jan 5, 2014

Yea I told some of the juniors / interns that I was looking at IBD.

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Jan 5, 2014
wikileaks:

Yea I told some of the juniors / interns that I was looking at IBD.

Ya that's kind of a death sentence

Jan 5, 2014

^It's not like I told the MDs or anything, what you think word got around?

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Jan 5, 2014
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