Gap year internship?

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  1. Newbie123's Avatar
    • Peer Of The TSR Realm
    • Posts: 1,604
    Gap year internship?
    Hi, this UCAS cycle I applied for a course I really had no motivation to study and am planning to re-apply next year.

    I am currently thinking of gap year plans, and in addition to some volunteer work abroad, I'd also like to apply for an internship (preferably over a month in duration) at an investment banking firm - both because I'm interested in a career in finance as well as to get an insight into the corporate world.

    However, I do have some doubts regarding whether or not I'll actually be able to secure a placement at a reputable firm, seeing as I'll most likely be competing with graduates (?)

    Would it even be possible for me to get an internship placement with just GCSEs & A-Levels as qualifications?

    GCSE: 9/10 A*
    AS: 4/4 A
    A2: *hopefully* 4A*

    For example, would I be able to get any kind of placement at somewhere like Goldman Sachs?

    TYVM
  2. SonnyZH's Avatar
    • Adored and Respected Member
    Re: Gap year internship?
    No, unless you have a contact inside the firm who can give you a ''head-start''. Applications for internship positions are usually for second/third years. You might as well cold call BBs/boutiques and try (you won't lose anything) but be ready for many rejections.
  3. Newbie123's Avatar
    • Peer Of The TSR Realm
    • Posts: 1,604
    Re: Gap year internship?
    (Original post by SonnyZH)
    No, unless you have a contact inside the firm who can give you a ''head-start''. Applications for internship positions are usually for second/third years. You might as well cold call BBs/boutiques and try (you won't lose anything) but be ready for many rejections.
    Really?

    The whole reason I'm asking this question is because someone I know has already arranged a paid internship at a bank as an "analyst" - and this person is in an almost identical situation to me, i.e. A-Levels are his highest qualifications.
  4. Tokyoround's Avatar
    • Section Moderator
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    Re: Gap year internship?
    (Original post by Newbie123)
    Really?

    The whole reason I'm asking this question is because someone I know has already arranged a paid internship at a bank as an "analyst" - and this person is in an almost identical situation to me, i.e. A-Levels are his highest qualifications.
    Call and try your luck. I had friends who interned at RBS and Citi while still at 6 form. Granted I think at least one of them had a contact fairly high up. I doubt you'll get investment banking experience but any experience is better than nothing.
    Last edited by Tokyoround; 30-03-2012 at 16:47.
  5. SonnyZH's Avatar
    • Adored and Respected Member
    Re: Gap year internship?
    (Original post by Newbie123)
    Really?

    The whole reason I'm asking this question is because someone I know has already arranged a paid internship at a bank as an "analyst" - and this person is in an almost identical situation to me, i.e. A-Levels are his highest qualifications.
    It's not common to see sixth formers in SA positions but it's definitely worth the try. If it doesn't work out just try cold-calling as many BBs/boutiques as you can; as any exposure you can get to transactions and deal execution in an IB at pre-undergraduate level will be priceless when you apply during college. Trust me.
    Last edited by SonnyZH; 30-03-2012 at 16:54.
  6. Horizontal 8's Avatar
    • Benevolent Member
    • Location: London
    • Posts: 733
    Re: Gap year internship?
    (Original post by Newbie123)
    Hi, this UCAS cycle I applied for a course I really had no motivation to study and am planning to re-apply next year.

    I am currently thinking of gap year plans, and in addition to some volunteer work abroad, I'd also like to apply for an internship (preferably over a month in duration) at an investment banking firm - both because I'm interested in a career in finance as well as to get an insight into the corporate world.

    However, I do have some doubts regarding whether or not I'll actually be able to secure a placement at a reputable firm, seeing as I'll most likely be competing with graduates (?)

    Would it even be possible for me to get an internship placement with just GCSEs & A-Levels as qualifications?

    GCSE: 9/10 A*
    AS: 4/4 A
    A2: *hopefully* 4A*

    For example, would I be able to get any kind of placement at somewhere like Goldman Sachs?

    TYVM
    Check your inbox.
  7. yothi5's Avatar
    • Banned
    • Location: London
    • Posts: 1,306
    • Warning points: 19
    Re: Gap year internship?
    You won't get an internship that lasts for a month when you're not a student of any kind. Spring internships (1-2 weeks) are aimed at 1st/2nd years whilst summer holiday ones are aimed at penultimate.
    You can maybe get some informal work experience if you have a contact.
  8. Newbie123's Avatar
    • Peer Of The TSR Realm
    • Posts: 1,604
    Re: Gap year internship?
    (Original post by yothi5)
    You won't get an internship that lasts for a month when you're not a student of any kind. Spring internships (1-2 weeks) are aimed at 1st/2nd years whilst summer holiday ones are aimed at penultimate.
    You can maybe get some informal work experience if you have a contact.
    ... If that's true, then how come this guy I know - with no relevant contacts - has got a 7 month, paid internship at Accenture?

    Explain...
  9. Tateco's Avatar
    • PS Helper
    • TSR Demigod
    Re: Gap year internship?
    (Original post by Newbie123)
    ... If that's true, then how come this guy I know - with no relevant contacts - has got a 7 month, paid internship at Accenture?

    Explain...
    That is an organised gap year scheme that you had to apply for months ago.
  10. wit-tank's Avatar
    • Full Member
    • Posts: 117
    Re: Gap year internship?
    Hey guys
    Im just about to finish a paid internship with Procter & Gamble (huge company that own hundreds of billion dollar brands) that was amazing, covering marketing, finance and so much more.
    I know they haven't closed the deadline for next year so check it out on their site pgcareers by searching gap year- so worth the money!

    Good luck!
  11. Newbie123's Avatar
    • Peer Of The TSR Realm
    • Posts: 1,604
    Re: Gap year internship?
    Awkward bump...

    If anyone knows of any gap year schemes in finance, pleaseeeeee tell me, I'm starting to lose hope and have already sent out a desperate application for an internship in Beijing.
  12. toofaforu's Avatar
    • Exalted and Worshipped Member
    • Posts: 1,104
    Re: Gap year internship?
    (Original post by Newbie123)
    Awkward bump...

    If anyone knows of any gap year schemes in finance, pleaseeeeee tell me, I'm starting to lose hope and have already sent out a desperate application for an internship in Beijing.
    the only ones i know of are BoE and Rothschild but both were like year long so i didnt bother doing them. there really arent any unless u've got contacts

    also i think they closed ages ago
    Last edited by toofaforu; 03-09-2012 at 10:50.
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