Advice on how to get a banking internship as a freshman?

<p>I am a freshman at a top 25 school and am looking to get an internship at any i-banking related firm in New York City and was wondering how I should approach this, because most internships are listed as juniors only.</p>

<p>Thanks for any advice</p>

<p>Focus on either boutique firms, or possibly look outside NYC. Essentially, as a freshman, i-bank internships are out of your league unless you're at Harvard and your dad is the head of IBD at a bulge-bracket.</p>

<p>I'm a freshman at Penn and am wondering what I can do this summer, next year and next summer to try and secure a couple interviews for the serious internships junior year. What kind of job experience/extracurriculars do those juniors who get internships have? I really want to know if I should work a crappy job this summer or just have fun and travel.</p>

<p>If you are at Wharton I wouldn't worry too much. Enjoy your time while you can, but if you are determined to do so, look at the boutique ibanks. The juniors who get those interships have high gpa's and generally come from wharton/harvard/stern. </p>

<p>If you are at SAS, do anything you can in finance. If you are shooting for IBD, do anything that will have you working with financial statements (look at banks or even try for bulge bracket banks but in their bank loan department etc.) because that is what you will be doing in IBD, and if you can get even a **** internship with one of the big banks, having been with the firm already helps (definitely how I got my internship with Citi). That will definitely set you apart or at least put you ahead of the pack.</p>

<p>Again though, if you are at Wharton, then just sit back relax and enjoy the myriad recruiters that will be smoozing you.</p>

<p>eh you're over-simplifying this.</p>

<p>get a job in some sort of sect of the financial services industry, but don't stress out too much. "sit back and relax" isn't a great tactic in building a resume and network connections even if you are at wharton. a wharton junior with a nice resume and nice connections is more appealing than a wharton junior without one. think about it- stay ahead of the pack.</p>

<p>I'm basically in the same boat. Since I don't go to Wharton or any ivy league (UT Austin), I need all the experience I can get before my junior year. I already have a small kind of equity business, but I'm looking for a more recognizable job.</p>

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<p>Does anyone have any examples of an internship in finance that would be attainable to a freshman?</p>

<p>It is really about who you know, if a guest speaker comes along or one of your professors are connected, talk to them, befriend them, then ask. That is how I landed my internship as a freshman this summer. Maybe join a Professional Fraternity as well, this has opened huge doors for me, it seems at top business schools, the business clubs/fraternities are very driven and have people all over the world to help you along with the fact that most of their parents are high ranking officers in my banks and such.</p>

<p>Good Luck!</p>

<p>yea i am actually wondering about the same thing, would it be easier to go for a lower bracket bank or would they all prefer to recruit juniors for internships? i go to the london school of economics btw and i have a feeling if i don't get a lot of internships, i will have trouble getting recruited in nyc since most of the people from my school get into the london offices</p>

<p>Even some bulge bracket firms will take you (though extremely rare) if you have a solid academic/EC background. A lot of firms offer externships (UBS Freshman frenzy, sophomore discovery days or something comes to mind), and some even have summer internships geared towards freshmen and sophomores (JPMorgan honors program). </p>

<p>Though to get those you have to be at a top school and have outstanding potential.</p>

<p>network...if you really want these internships, put the extra effort in, research, and then you will find the answers. if it means studying 40+hours, networking at other colleges, or whatever, you will need to sacrifice a lot to get these internships (i'm currently in the same boat although going more towards asset management).</p>

<p>Also,what should we put on the resume? Any H.S. stuff that would be considered suitable?</p>

<p>well, if this is for ibanking, you better put relevant experience on there or your out of luck for those internships--its very difficult for freshmen students to get internships in the IBD of bulge bracket and even boutique firms. as for HS material, if you had great accomplishments such as SAT scores above 1500 and/or scholarships, I would put those on there.</p>

<p>I may be working at TD Waterhouse this Summer (we know people there)...would something like this be very helpful for a freshman to have on his resume for i-banking jobs later?</p>