I come from a target West Coast school. I say target because being on the West Coast, there are only three name-brand schools you can land a job on at an i-bank on the West Coast. Those name brands from my POV are Stanford, Berkeley, and USC. I go to one of the first two. Hats off to the Moelis - Claremont McKenna guys and gals but you wouldn't know their program unless you knew it (which is why I didn't put them at West Coast target) This shop I end up was a smaller operation. One analyst, two Associates, two VP's (in the begging) one Director, a Managing Director and an MD's exec assistant.
20 Feb 2019
Finance Interviews: Goldman Sachs 1st round. No. Altamont Capital 1st round. No. Bracebridge Capital 1st round. No Bridgewater Associates 1st round. No. Consulting Interviews: Cornerstone Research 1st round No. Analysis Group 1st round. No. Simon-Kucher 1st round. No. Final Round Interviews: Centerview Final round. No. BlackRock Final round. No. JP Morgan Final round. No. Another Bulge Bracket Bank -- YES! the final interview I ever had AFTER the slew of rejections above. Learn from rejection: I'm not going to say what company I did get into (to remain anonymous), but I did get into a BB this
10 Mar 2018
Mod Note: Each day we'll be posting the top WSO forum posts of 2014. This one was originally posted on 5/29/14 and ranks #36 for the year by total silver banana count. You can see all our top ranked content here. I've been reading WSO for a while but never really posted so I figured I may as well start now. I am a freshman at a liberal arts non-target. For a while I've been interested in the markets and economics and have been absorbing and using as much knowledge as I can. My fascination with business goes back farther, I started a product review website when I was 16 that gave me a crash
01 Jan 2015
Just thought I would start a thread to compile a list of finance-related internships (PWM, IB, PE, HF) for first years in college. I understand that these opportunities are slim and elusive.. hence the thread. Harvey & Co - Newport Beach, CA Merrill Lynch PWM - almost any major city Please feel free to add on!
21 Dec 2017
So I will be a freshman this upcoming school year and I am looking to have an investment banking/private equity related internship next summer. I need to make money to live in college but I didn't know what banks/firms would offer a paid internship (it doesn't need to be much, just a few thousand) to a freshman. I do have prior work experience (two summer internships in high school) but not in finance. What banks/firms should I look at? Any advice? Thanks.
21 Jul 2017
I asked a partner (who hired me) out for a coffee, he agreed, then changed his mind. He told my performance manager leader (PML) that I did not respect his time because an intern supposes not to ask a partner out for coffee during busy season! (But he went to coffee with other interns and associates) I was totally fine with it at the beginning since this is not a big deal. A month later, my PML (performance manager) graded me an "inconsistent" on my performance review and "advised" me to not networking with the people you don't work with especially manager level above. I did not ask anyone out
14 Mar 2018
Like I promised, I'm back to give an explanation on how to get an internship after freshman or sophomore year. I'm not offering any guarantees, but I can tell you that it has worked for me, and it depends on the effort you put in. Want a job? Earn it. I'm writing this more as a recommendation for freshman, but it is generally applicable to sophomores as well. Sophomores have the benefit of having taken some relevant coursework. How do I get an Internship As a freshman you probably are thinking to yourself, "How can I get an internship if I don't have much to offer?" You might not have much to
29 Nov 2016
Hello everyone, I created a post about a year ago asking about getting a summer internship as a community college student and breaking into the field in general (https://www.wallstreetoasis.com/forums/break-into…). I got much feedback in this forum, so thank you very much for that! Special thanks RedRage , HY.r.e.a.m , Primeape14 , and @dcrowoar" . After taking all the insights into consideration, I made sure to follow everything that I have been told: I have kept my grades up, continued crunching on finance classes in Coursera, and got two consecutive
02 Jun 2017
List of Companies hiring interns/full-time quants INVESTMENT BANKS Bank of America Merrill Lynch Barclays Capital BNP Paribas Citigroup Centerview Credit Suisse Deutsche Bank Evercore Goldman Sachs J.P. Morgan Jefferies Lazard Moelis Morgan Stanley Nomura Piper Jaffray Qatalyst Societe Generale UBS HSBC Royal Bank of Canada Wells Fargo William Blair Asset Management Bank of New York Mellon BlackRock Guggenheim Partners Oxam PIMCO TD Securities Wellington Management Putnam Investments Neuberger Berman Wellington Capital COMMERCIAL BANKS Commerzbank ING Royal Bank of Scotland Standard Chartered
17 Oct 2016
I'm an admit of University of SoCal and I got about a 3-month gap between my HS graduation and college semester. I know it would be hard to get an intern or even an insight program at this moment. I just don't want to waste this summer. To make my resume look better when I apply for an IB intern next summer, any recommendations? PS: abroad programs are acceptable
07 May 2018
Hello fellow financiers, I'm a 15-year old high school student residing in Portland, Oregon who is looking to get started in the world of finance. Ever since a young age, I've watched the Nightly Business report, read the Wall Street Journal, Fortune, and Forbes. and I want to get some first-hand experience in corporate finance to help me get ahead. I have heard that it is unlikely and hard to get any sort of internship at this age, however, I have a dedicated passion and will not quit until I am able to find one. I would truly appreciate some help on where I may potentially receive an
10 Dec 2017
I'm an incoming freshman at a school whose business school is a target. I myself am not currently in business school, but I will try to internally transfer. Business/finance is a recently realized interest of mine. That being said, I have been quite fortunate as I some unique opportunities to pursue. I currently work in retail at the employee/company store at the number one sports apparel brand in the world. The store is right by the world headquarters. After doing some LinkedIn stalking, I found that a strategic finance manager, a business development manager, and a director of finance went
23 Jul 2018
edit: sorry for the really long post. I would really, really, really, really appreciate any advice, though. Hi, I am currently a senior in high school, and I will be attending a non-target state school with pretty much a full ride. I am on the East Coast of the USA. My goal is to get a job on Wall Street. I am going to use the first paragraph below to talk about my experience/credibility and the paragraphs after that to ask some questions. However, I am very new to finance, so any comments/advice (even ones that are seemingly unrelated) is appreciated. Note that some of what I have stated
01 Apr 2018
There are a lot of great lists like this on WSO that have been very beneficial to me over the last few years. I want to throw out 5 that I do not remember seeing on the site. Hopefully this helps some of you guys about to start your first internships/full-time positions! 1) Keep your phone in your pocket - This is key to a) establishing a strong brand for yourself in the office, and b) to being productive. Resist the temptation to check your phone every time it vibrates. Believe it or not, your co-workers are very likely to judge you based on how hard they see you working. If they see you on
11 May 2014
Hey Y'all, Some advice would be helpful. I'm a sophomore math and finance major at a nontarget top 50 UG southern school. I have 2 remote offers for this semester and need to decide in the next day or so. One is a 500M portfolio VC based in LA that has recently started a crypto HF. I interned last semester and liked the people and may be able to turn it into a summer internship. The second is a 10-15 billion HF based in NYC. Which one would you choose?
15 Feb 2018
Hello, I have the chance to choose between IB vs AM vs institutional sales for my first ever internship (freshman). I am most interested in AM and hope to get into that industry for my junior internship. The firms are all on the same level. Any advice on which one i should take?
12 Feb 2019
I'm reposting this comment, which I made on another post, to my blog -- think it's a good standalone story, but not exactly front-page material. First internship of my life, the guy I worked for had a completely f*cking ridiculous name. In fact, it is so ridiculous that I can't repeat it here or all you monkeys will go and Google it and know exactly who he is. So, the name in this story has been changed to something equally ridiculous. Day 1 of my internship. I'm mostly working with this one guy, Steve Dushkunu. He says, "Call up Bob in such and such group, tell him you work with me and that
29 Aug 2012
During an introductory seminar held in Paris that aimed to provide an overview of the whole London BB internship application landscape, hosted by a company specializing in helping its clients (typically undergraduate business school students) secure internship positions in BB IBD FO and in management strategy consulting, the CEO of this WSO-like company that aims to act as a more powerful substitute to schools' Career Services informed us, aspiring applicants to springs, off-cycles, and summers, that filling out the online application form at a BB for an internship must always be accompanied
19 Jun 2018
I am currently doing my service in the military until 2019 August, and I want to know if I am screwed after I'm out of the military with the resume I currently have. GPA 2.5 out of 4.3 (Only finished 1st year of uni) Speak 4 languages (Eng, Korean, Chinese, Japanese) CFA level 2 College: HKU (major in finance) I'm I already screwed with my resume to get my first intern in finance in Hong Kong? I am looking to boost my GPA as soon as I return to school next year, but at the mean time I want to do an internship before I head back to college next year September.. Some guidance or advices will
03 Jun 2018
I'm an incoming junior from a top 5 target school with a 3.7 GPA in STEM (CS). I'm been dissuaded from doing software engineering and am looking at consulting and finance (specifically consulting) instead. I've always had a deep passion for economics and finance. I religiously listen to economics podcasts and am currently an econ research assistant at my school. I am wondering if there's an advantage coming from a technical background and looking to do an MBB or tier 2 consulting internship. I also heard that McKinsey had a new analyst+data science position for interns/new grads. I would be
28 May 2018
Hey monkeys! During a discussion I had with one MD I was trying to network with, he mentioned that one of the most important qualities for an intern is good situational awareness-that is, knowing when they should insert themselves and knowing when they should not. Maybe for some people, this kind of situational awareness comes naturally. Unfortunately, this is not the case for me. During an internship, I'd like to show that I'm eager and that I take initiative. However, I worry that if I overdo it, I could just become a hindrance. So, I guess my question is this: What is the fine line between
22 Feb 2019
Hi guys, just finished freshman year at a semi-target. So I'm doing 2 (remote) internships this summer, but I just realized that it might be a conflict of interest/ not legal. One is a very small PE firm (2 co-MDs) and the other is a search fund (only 1 guy). I'm doing both because 1 internship will focus on industry research powerpoints and excel work while the other will focus on building models, so I thought I could learn a lot. It's only 15-20 hours of work a week for each. Obviously, they are both tiny so I was thinking no big deal. However, I am worried that if I put both on my resume
28 May 2018
Aloha Monkeys, I'm currently separating the military (think Air Force or Navy) to finish my degree at a traditional undergraduate institution (I will either be a Sophmore or Junior). I will either be attending UPenn (non-Wharton), Georgetown MSB, or Cornell AEM. I want to work in Boston and start my career there. I have seen a lot of people mention posts to networking (I have no idea what the hell that means really) and cold emailing people (I have a few people added on LinkedIn). I'm curious to know would it make sense to fly to Boston at least once this summer and try to run into an MD or VP
13 May 2018
Hi everyone, At the moment I am applying to off-cycle and summer internships in IB in London. Some banks, however, do not accept students that are final years. I am graduating this year (in a month), and thus have a preference for an off-cycle internship in the coming year. Does anyone know which banks offer positions for final years or recent graduates for the internships? And specifically does anyone know whether Credit Suisse offers off-cycle positions to recent graduates?
16 Jul 2017
Doing a risk management internship at a big 4 right now, and quite frankly, I don't quite like it. Its a freshman internship thats a month short. I've always been interested in getting into PE or even IBD, but I don't quite see how this internship I'm going through with would be relevant. Will this look like a bad stint on my resume? Will I be okay?... Any advice on future internships to break through PE? (will have opportunities to pursue two more internships after my sophomore and junior year). Do you think that this stint would be relevant to other finance areas? (VC, HF, AM, IBD)
08 Aug 2018
Has anyone ever been told to write their own recommendation letter before? I asked a former professor to write me one, and he told me to write it myself and he would sign it. He's a great teacher and he says he wants to help me, but he wants me to do it myself. I have no idea where to begin! I'm hardly objective with myself.
08 Oct 2012
I recently managed to land myself a summer intenship in Deutsche Bank's Markets Division (S&T). I was wondering which desks are the best at the moment (in terms of prestige/deal flow). Just as a bit of context, at the moment the security I know the most about is equities, and I'm not extremely analytical so I'd rather stay away from any hardcore number crunching desks (exotics...).
29 Apr 2016
Hi, Please can you suggest improvements to my CV? Dont hold back, I would like to know everything I could improve. I've been messing around with the formatting and I think I've finally come up with something acceptable. My problem is that I have a lot of experience in roles with nothing really related to Investment Banking and am unsure as to how I can relate them. Just a little bit of context, I live in the UK and am applying to investment banking internships here. UK CV's usually have a personally summary at the top, most often 4-5 lines just to inform the read a little about yourself. I was wondering if I should include this in my CV. They are also usually 2 pages also. So should I write mine as 2 or keep it to 1? Any help is much appreciated
11 Feb 2015
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
17 Oct 2015
Hey guys, Quick question here. I submitted my application to a BB for a Summer Analyst position for 2018. I am a transfer student and on my resume included two clubs that I plan on joining when I get to school this coming fall semester, my schools Business Fraternity and a Networking club. I submitted my application before I spoke with the President of the Fraternity. He told me that I was not allowed to put that on my resume until I was initiated as a brother. I am now unsure of what to do because I can not change my resume. The only thing that I can do is upload a second resume... Could
01 Aug 2017
I am currently a sophomore finance major who wants to pursue a career in investment banking. I have heard that some banks have sophomore programs and was wondering if anyone knew anything about them? Are they thing this year? When do I apply? etc. Thanks
20 Sep 2017
Hi Guys, Is there a discount rate applied with an acquisition being financed with a 100% cash and using the Discounted Cash Flow model?
08 Dec 2014
Hi all, I'm a Freshman at a well known Ag School in California. I hope to one day become a physical commodity trader. After quite a few cold calls I've lined up two internships for the summer. One with a freight forwarder (NVOCC) who does some work with Ag products but mostly ships manufactured goods. They do about 120 million in business a year but are still relatively small. The other is with one of INTL FCStone's Ag derivatives brokerage/hedging groups. In both cases the internships are part of a multi year series with the expectation of me coming to work there full time. Obviously, after
18 Apr 2017
I am a new WSO user but I've been visiting this site daily for the past 3 week. I cannot thank you guys enough for your willingness to share your experiences and at the same time provide me my daily laughs.
02 Nov 2012
So I'm a freshman at a Target school with aspirations to eventually end up in Investment Banking. I'm not going to act like I know all that there is to know but I do know that what usually dictates your positions in IB is your Junior Year Internship, which can be landed through good Freshman/Sophomore internships. Going off of this I spent a lot of time sending out cold emails trying to get some work in Finance in general(IB, PE, PWM). I had two very positive responses and ended up being extended unpaid part-time offers from both of them. Assuming that I find an internship for full time work
04 Mar 2016
I'm a freshman looking towards opportunities in IBD/PE/VC/HF/AM/Consulting/Tech when I graduate. Basically, I am not really sure. I've been lucky enough to have the opportunity of doing an internship (1 month) at an infrastructure PE fund (funds of around $2 Billion) or Risk Management/Advisory at a Big 4. Any opinions? Thanks in advanced for any replies. Appreciate it a lot.
26 Jul 2018
Hello, I've done my fair share of looking around on WSO and was hoping for some advice on my path in the upcoming years. I saw a few posts related to this topic, but with recruiting moving so far up I had a few specific questions that were still unanswered. BACKGROUND I just finished up my first year at a lower Ivy (Brown, Dartmouth, Penn-non Wharton) with a 4.0 GPA in Economics. I've attained 2/3 leadership roles in various finance related clubs and organizations, am working in leadership role for my part-time job, and was elected to the board of a non-profit that was founded at my school
07 May 2018
here's the scoop: I'm working on a sell side deal in which there is a cash-at-close amount and an earn out amount ($3mm over 4 years) that combine to get the total EV of the deal (roughly north of $40mm). The acquiring company is trying to buy this company, grow it over next 5 years, and sell it for $80mm. Problem: The concern of the seller is that the new buyers will put so much effort / $$ into sales and other overhead costs that it will lessen the EBITDA and not allow them to hit the $9mm projected bogey required for the earn out. I want to come up with some possible alternative scenarios
20 Oct 2015
Hello everyone: I would just like to know if anyone is aware of any available summer 2018 intern opportunities at any banks. I am aware all of the bulge bracket banks have filled their 2018 internship pool, but how about firms that focus on small and mid cap companies?
15 Jan 2018
I am trying to do a career switch into finance. I am looking at barebones entry level "accounting" jobs and a 30% paycut but am not having any luck. My GENIUS idea is to sign up for an a traditional MBA or iMBA to claim student status and apply for an internship. I will take a real course while working, get the internship in finance or consulting, and then drop the fake MBA. I plan on getting an MBA for actual self-development and networking eventually but I need the job to make it worth it first. The internship can be in finance, accounting, or consulting. I know what I need to do to navigate
19 Jan 2019
Hi, I'm nearing the end of a 6 month internship at a big bank in Zürich, Switzerland. The other day, one of the senior analysts who I have worked for over this period has given me a heads up that another girl and I are the only runner ups for a full time offer out of 7 interns. I have a perfect SAT score, 3.9 GPA from University of Geneva. I have been on point with my work, I'm working on getting my CFA and plan to get an MBA in the future.
06 Mar 2015
So, im at a slightly above average stem school majoring in Electrical Eng, 3.5 GPA w/ a non-ib internship this summer at a BB(UBS NYC). What do I have to do if I wanna turn that into an IB internship by my junior year summer? currently a sophomore THANKS!
15 Oct 2017
Hey! I've had some bad luck breaking into high finance internships and was hoping for some advice. I'm graduating this year with bachelors in electrical & comp eng (3.1), and a ms finance next year (3.2) from a large state school ranked T10 for both programs. As I apply to high finance jobs (investment banking, s&t, etc), I keep getting shunned away. I'm guessing it's because of my lack of finance internship experience or because of my low gpa. I did 2 software internships at F500 comps and 1 at a BB, but also do valuation work for my dad's real estate company and have some relevant coursework
26 Nov 2018
Have you guys heard of them? I was reading a thread where someone posted a list of Florida IB's and came across these guys. I'm currently a jr at a non-target, and was wondering if reaching out to them to work as an unpaid intern (I doubt theyre big enough to offer compensation) would be worth it, as opposed to interning in a non IB-oriented role at a much larger and more well-known firm. Would I be better off networking around as much as possible at the larger firm? Or taking advantage of an unstructured internship at Allen C Ewing?
10 Dec 2012
I recently accepted a equity research internship with a middle market bank for the summer. I have a felony conviction for criminal recklessness that is set to convert to a misdemeanor April '18. I applied to have the conviction converted sooner and was denied this week. I was counting on that conversion, now I'm not sure what to do. The bank never asked me to submit to a background check and there was not a felony checkbox on the application. Two SEC fingerprint cards came with my intern pack and I'm required to have them done by my start date pursuant to SEC Rule 17f-2. Upon fingerprinting
11 May 2017
I will be attending the University of Western Ontario (Ivey AEO) this coming fall. I understand that Ivey is somewhat of a target. I am a dual citizen of Canada and the U.S but would preferably like to work in the later. Would it be more advantageous for IB opportunities to try to transfer out of Western to a target in the U.S after freshman year? Would the opportunities transferring to a different school be that significant? Thanks for your help in advance.
18 Apr 2017
I am a summer intern at a well-known CRE firm in a large city in Canada. Being a finance major I am looking at the appraisal/ valuation side of the business, and am curious about the process in which you get paid in comparison to the brokerage side of the business. I constantly hear the salary + commission story, but here are some questions I have: First off, how does the pay structure differ from the brokerage side? What can a starting salary at a large firm start at? What do bonuses consist of? At what point in the process do you get your commission? I am interested in dealing with land as
17 Jul 2018
Hey guys, first-time post here. I was recently offered an internship position with BofA for Global Markets Ops/Middle Office. This is my first internship offer ever, so naturally I'm very excited. However, I'm not sure if the line of work is exactly what I'm looking for. Ideally, I'd like to go into IB/PE or CREI, but I know that I need a foundation of at least SOME kind of finance work if I even want to be considered for those kinds of internships. I'm currently a junior finance major at the University of Florida, with only some experience in small-scale financial management and operations. So..... is it worth it?
06 Dec 2012
Hey there, I am a finance undergraduate in my penultimate year searching for internships in trading. Unfortunately I constantly feel like I have a lack of knowledge/awareness on the different facets and types of trading jobs and feel overwhelmed in my preparation. I understand that trading can encompass many fields and sectors from commodities,stocks, derivatives and each company may focus on different sectors.
16 Jan 2015
Hello WSO, I come from a semi-target, yet aspire to network efficiently and eventually land a job in NYC at an IB. As a current freshman, I'm interested in gaining knowledge regarding the most effective internship "pathway". I've heard that an internship in private wealth management is the way to go, but with no financial experience thus far, I'm not sure how to build my resume and acquire these necessary internships. As for connections, my aunt whom I am very close with is the president of "Firstmerit Bank", a local bank in Ohio. I also have a family member working as the VP of General electric. Lastly, I am a brother of Pi Kappa Alpha, a fraternity that has alumni working for multiple IB's, and a brother from my chapter working as an associate at J.P. Morgan.
18 Dec 2014