Finance internships after freshman year
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Anonymous
| These poor kids. They have their whole lives to work. Let the kid have at least one more summer of freedom, like we all did. |
Anonymous
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Just texted my husband to contact 5-6 of our closest friends - PE and banking contacts. I think we'll just use our network for next summer. Unpaid is fine too for 6-8 weeks?
Kid has no GPA yet!! Linkedin and resume updated though. How has this process gotten this crazy? |
Anonymous
It’s not crazy. It’s always been this way. Iykyk. A lot of DCUM doesn’t know. They also don’t make 7 figures. |
Anonymous
| They can leverage their school's alumni network and send cold emails to try and break into a MM/LMM financial firm, but totally not an expectation for freshmen to have internships. They can always just get a normal summer job or volunteer experience to try and build a resume for sophomore internships. |
Anonymous
How do you define “always”? I interviewed Spring my junior year (mid 1990s) for my Bear Stearns summer internship that summer. My whole crew went abroad Fall of junior year to ensure we didn’t miss ibanking recruiting in the spring. |
Anonymous
Mmmk in RECENT history, and with Companies That Still Exist. |
Anonymous
Ok…that’s recently…not always. So, sounds like always = last 5 years. |
Anonymous
:lol: |
Anonymous
More like the last 10 years. But you prolly wouldn’t know if you left the industry when Bear Stearns did. |
Anonymous
if they are at an ivy or another target school, they do not need specific finance internships after freshman or sophomore year. they have to do something productive but that can be anything intellectual, preferably n a stem/quantitative type field. The top banking and finance jobs hire all sorts of students from ivies, particularly loving math, econ, and engineering majors. Many of DS24s friends went into it from math/engineering and even physics. They did research with professors and got interested in finance later. Another is a history and math double major going to Harvard Law (early admit program) and is doing IB for the 2 year break. IB is just a fun side gig on the way to the real career and practically any ivy kid can get into it if they want. |
Anonymous
Ok…that’s still fairly recently. Just trying to get a definition of always…which should be self-explanatory, but apparently isn’t. Curious what your definition is for eternity…20 years? |
Anonymous
Idk but Dinosaur = you |
Anonymous
| DS tried to find a finance internship and found that companies were only hiring accounting majors for the finance jobs. So now, he's a dual finance/accounting major and companies are literally lining up to hire him. He just finished a summer internship and already has another one lined up for next summer (2025) because that's how far ahead of time they hire interns. |
Anonymous
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This thread is over the top with the angst.
Mine is at a t10 and has friends who interned at Jane Street after junior year who got that position in December and others who got citadel internships right around the start of the new year/spring semester junior year. neither of them had any financial internships before those (but did have other related experience and were econ or math) |
Anonymous
Wow, that was clever. |