Need advice on summer job experience for ib

TinyBanker

Are unpaid finance internships even available after the freshman year? Any suggestions/ experiences appreciated.

(edited 7 years ago)

Reply 1

Terry Tibbs

Original post by TinyBanker

Alternatives for investment banking internship? To beef up the CV.

Email small corporate finance boutiques and ask for work experience/work shadowing.

Reply 2

TinyBanker

Original post by Terry Tibbs

Email small corporate finance boutiques and ask for work experience/work shadowing.

Any idea of where I could obtain the list of possible companies in London?

(edited 7 years ago)

Reply 3

username738914

Original post by TinyBanker

Any idea of where I could obtain the list of possible companies in London?

Google is your friend

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Reply 4

Trapz99

This is a good list:
http://www.askivy.net/articles/investment-banking/interview-preparation/london-boutique-investment-banks

Don't bother with the bigger names like Evercore and Moelis but try other ones. I've tried one or two of them but haven't got any offers.

Also try accounting firms, stockbrokers, wealth management, asset management.

(edited 7 years ago)

Reply 5

username738914

Original post by Trapz99

Most of those aren't even boutiques lol

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Reply 6

Trapz99

Original post by Princepieman

Most of those aren't even boutiques lol

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I don't even know what a boutique is tbh

Reply 7

username738914

Original post by Trapz99

I don't even know what a boutique is tbh

Tiny bank (10-100 people), not much brand recognition, works on smaller deals etc

Elite boutiques are your top tier independent advisory houses (Lazard, Greenhill, Evercore etc) then you have middle market banks (William Blair, Baird, Houlihan etc).

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Reply 8

Trapz99

Original post by Princepieman

Ok. But I have seen a few people on LinkedIn who have had ad hoc work placements at some of the larger firms on the list.

Btw, do you think it's better to call up firms and ask for work experience or email them?

Reply 9

username738914

Original post by Trapz99

Oh yeah, connections can help people out big time.

Either way. I think it's easier to transition from email to phone though.

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Reply 10

Trapz99

Original post by Princepieman

Oh yeah, connections can help people out big time.

Either way. I think it's easier to transition from email to phone though.

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Thanks

Reply 11

gr8wizard10

banks do offer some internships, maybe not directly in IB after your first year.. search around

i.e HSBC offer one

Reply 12

Terry Tibbs

Original post by TinyBanker

Any idea of where I could obtain the list of possible companies in London?

Google maps is pretty handy.

Reply 13

TinyBanker

Original post by Trapz99

This list hangs on my noticeboard, contacted at least one person from each one, offering to work unpaid. Even those LLP's with less than 10 people haven't bothered to reply. Seems like IB is a unicorn for those who are grinding books at non-targets.

Reply 14

Trapz99

Original post by TinyBanker

Talk to them on the phone. If they say "we don't take interns" just say something like "I can be your first intern. I'll do all the menial tasks for a few days. All I ask for is that I can shadow you for a few days as well and get a feel of what your industry is like." Just keep asking and calling up until they break down and either accept you or block your number.

(This isn't my advice- I just saw this on some article on the internet).

Reply 15

TinyBanker

Original post by gr8wizard10

banks do offer some internships, maybe not directly in IB after your first year.. search around

i.e HSBC offer one

Application closed 6 March 2016 :/

Reply 16

TinyBanker

Original post by Trapz99

Talk to them on the phone. If they say "we don't take interns" just say something like "I can be your first intern. I'll do all the menial tasks for a few days. All I ask for is that I can shadow you for a few days as well and get a feel of what your industry is like." Just keep asking and calling up until they break down and either accept you or block your number.(This isn't my advice- I just saw this on some article on the internet).