I have an opportunity to take a non-paid internship in Economic Development Division of city I live in (small college town). I am debating wether this internship would "bankify" my resume.
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LOL your header made me chuckle. You also used the term "bankify"....im pretty sure you wont make it to banking.....or wallstreet for that matter. That internship should set you up nicely for operations within a PWM team
Couldn't hurt.
Yes, do what it takes to make your resume stand out.
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