pre MBA IB internship
Hi all.
I have been working as an engineer for a blue chip high-tech and will start my MBA (top 15, think NYU/Cornell/UMich/Duke) this fall with post-mba career goal in IB.
I have secured an unpaid summer IB pre-mba internship (~10 wks) at a decent boutique IB firm at NYC.
As you can imagine, opportunity cost is not small, (working for summer, sacrificing decent pay at my current workplace, etc.) but I guess having pre-mba summer IB internship under my belt could be quite helpful for IB recruiting.
I would like to know if it worth to take this position and the value of this opportunity.
bump
shocked it's not paid if it's a good firm?
TBH, I was bit disappointed as well.... they told me that they typically get undergrad interns and give them school credits not $ and they are willing to give me school credits if possible. But as you can imagine, school credits are worthless for mba... the firm seems to have >30 MDs thou...
Check William & Blair as well, it's a two day networking event for MBA admits. It's in Chicago I believe, but could set you up for NYC or other location opportunities. You might be able to swing an internship from them during the event.
Browse a bunch of other firms sites as well, I think MBA events are pretty common. MBA Lift 2017
I know a guy who did this before he went to Columbia for his MBA. It helped with his recruitment and he ended up at Goldman. He is now a Sr. MD at Evercore.
thanks for your input... guess I should probably do it then?
How did you go about finding these?
The value of this internship can be seen in being able to build your story for why IB, begin building your network, and become accustomed with banker personalities / styles.
A few students did this before starting at my program (similar school to those you mentioned) and it helped them a bit for recruiting in the fall.
Just hope the internship has some flexibility, so you can still enjoy the summer before you start school.
thanks Presto...
I guess this could work as bit of lift but not a deal maker.
Yep... hope I can at least enjoy some nights and weekends at NYC during summer.
Applying to IB summer internship before MBA ( need help (Originally Posted: 02/07/2016)
So a boutique wants my resume. I'm currently working in real estate finance and I'm looking to switch to IB after the Cornell Johnson MBA which will start at the end of July. My plan is to quit my job and do this internship before bouncing to the MBA. The boutique asked for my resume but should I give them a cover letter as well? I feel like that might do a better job of explaining the jump to IB and how I would like some experience before the MBA.
I would love to hear some peoples thoughts on this as I feel like this internship would definitely help me out.
Are you doing a one year or two year MBA?
If it's a two year take anything at all you can get. Very few firms want to take you for a pre two-year MBA because you'd be using limited full time recruiting bandwidth. Unpaid with a small firm is a different story since you can be trusted do mundane tasks they don't want to...which is about all a pre-MBA intern is good for barring pre-MBA finance experience.
I'm doing a two year MBA. Yes it would be an unpaid internship I believe. Do you think I need a cover letter and do you think its worth doing if I get it or would my time be better spent doing something else?
No, I did a pre-MBA internship and I didn't use a cover letter. They did ask for writing and ppt samples.
Bump
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