<p>What is a high quality internship that someone could hold during the 4 years of their college education. Specifically summer internships, as in is it good to be at one place for a long time or four different places to gain a wide range of knowledge?</p>
<p>AND I SWEAR, if anyone in here says Goldman Sachs or Morgan Stanley I'm just not going to take your advice as legitament, unless you have some good facts to back it up with. None of that "OH YEAH, ibanking!!!!! WHOOOOOOOA! I'm hot for a life sucking job"</p>
<p>the point of an internship, at least from my perspective, is to see if you like a certain industry/company/culture/etc. So I think it is beneficial to do various different internships (not the same one for 4 years) as you will learn about different types of jobs/industries/etc. and then after your internships you can decide what industry/job/company/etc. you want to pursue. For example if you are interested in finance you might want to work in the finance dept of a fortune 500, then the next summer an ibank, the next summer maybe at a consulting firm. Then if you find something you like you can do an internship in that field the summer before your senior year and try to secure a full time job...if you still want to explore you can do another internship someplace else and then during senior year you can decide on what industry or career path you want to pursue.</p>
<p>btw if you know for certain that you want to go into a certain industry, say ibanking, I'd try to find the firm whose culture you like the best and then try to pursue an internship at that firm over various summers. From what I've seen, at least in banking, if you show commitment to the firm your salary offer for full time will be greater...</p>
<p>example:
-Friend 1 did summer internship at Citigroup summer before junior year AND summer before senior year. His full time offer was for 75k (+bonus) plus they ended up giving him a 10k "scholarship" at the end of his 2nd summer (he wasn't part of any special scholarship program at the firm).
-Friend 2 did summer internship at Citigroup summer before senior year ONLY and his full time offer was for 60k (+bonus).</p>
<p>Friend 2 is one of the smartest people I've ever met, he's extremely hardworking, and has great people skills, etc. while Friend 1 is not as smart of F2 he mainly does well in school not because of natural ability but because he studies 3x harder than everyone else...his commitment to the firm really gave him a better offer.</p>
<p>"well if an engineer wants to do an mba eventually wat kind of internships should one do...technical or financial???"</p>
<p>Wondering this as well, will be trying to go for an MBA after bioeng/econ at UCSD and was wondering what kind of internships should i be looking for? Thx in advance =]</p>
<p>No one will try and talk you out of the "life sucking" myth you choose to believe. So probably best is a grunt engineering internship where you can be bored out of your mind doing rote work unless you are very lucky, while making a fraction of the money an ibank would pay you so there would be no strain paying for an MBA. We also won't mention the incredible connections those life sucking firms will give you at top B schools. So please, keep the myth alive so that those of us who want the ibanking jobs have less competition.</p>
<p>I think you should look for internships in the fields that interest you. For example, I just saw an opening for MBA students to do an internship with the NBA. And then undergrad wise I saw one for kids to intern with Reebok. It's really a matter of finding what kind of job you'd want in the end and then interning with big companies within that sector.</p>
<p>farbdogg71, i think the fact that you are looking for the "best" internships but aren't willing to consider investment banking is narrow-minded. Investment banking opportunities are simply more readily available than good internships in other industries. Here are three reasons why to CONSIDER an ib internship.</p>
<p>1) You have concrete experiences you can bring to other companies. Not only can you say you've worked in the finance sector but also that you know spreadsheets and powerpoint and know them VERY well.</p>
<p>2) As an investment bank, you meet with both venture capitalists and CEOs. You work directly with a lot of people and begin to understand how they think and what their passions are. There is always overlap when i-banking comes to play, and you can learn a lot from that overlap.</p>
<p>3) Research - As an analyst, you may be given a research job, which you can learn a lot from. My father brings home 60 page reports on something like, for example, the entertainment industry and clear data and educated predictions on the success of the entire industry over the next five years. Imagine taking on just one or two of these research projects over the course of 10 weeks - you'd learn a ton about those industries! What better way to impress an interviewer than to hand them a 60 page report with the name of a prestigious banking firm on the cover and say "I wrote this."</p>
<p>Before you write off an entire industry simply as "life sucking," it might even be wise to consider it as an internship and see what the banking world is really like. After 10 weeks with a company it may solidify your idea that banking simply isn't for you, but how are you going to find out without the use of an internship?"?</p>
<p>Well if you just told us you went to U of Richmond in the first place, we would have avoided talking ibanking. There are many non life sucking 9-5s available to you. So many "would you like fries with that" jobs that you will probably find life affirming.</p>
<p>How difficult would it be to score an ibanking internship as a freshman? if one goes to a non-targeted college like UCSD, and is majoring in biotech/econ? And if its virtually impossible in that particular situation, what internship would it be best to get that is actually plausible that would help get that ib internship later as in sophomore, junior year summers?</p>
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How difficult would it be to score an ibanking internship as a freshman? if one goes to a non-targeted college like UCSD, and is majoring in biotech/econ? And if its virtually impossible in that particular situation, what internship would it be best to get that is actually plausible that would help get that ib internship later as in sophomore, junior year summers?
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<p>Much better to work for a biotech company and make the switch later, like post MBA or after 3ish years of working at the biotech company. You can then be hired to do analyst work for biotechs/healthcare groups on the finance side of the business.</p>
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Well if you just told us you went to U of Richmond in the first place, we would have avoided talking ibanking. There are many non life sucking 9-5s available to you. So many "would you like fries with that" jobs that you will probably find life affirming.
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<p>Pretty pathetic that you'd make a low blow like that to someone. He's just saying he doesn't want any input on those careers. Banking isn't for everyone nor does it interest everyone. It's just that the fact is a lot of kids on these forums see the large starting salaries of bankers and they think it's so awesome when they really know nothing about it. He just wanted advice about other fields, jeez.</p>
<p>IV4Me's post is pretty on point. There are a lot of upsides to banking in that you can get the experience and make the shift to a field that has less hours and a better lifestyle (Corporate Dev for example).</p>
<p>Thank you dcfca, finally someone stated what needed to be said. And I agree about what IV4ME said, it was actually interesting to hear why an investment banking jobs are good besides the money.</p>
<p>I think to insult anyone interested in ibanking, which most on this board are, was just ugly. I'm not proud on my response, but the truth is that it's really easy to strike out at ibankers because so few have the opportunity to get such jobs. I spent this last summer working with people I truly admired at a great ibank. They lived full, rich lives. While I probably won't do long term, I would love to spend more time in ibanking, there's so much to learn, it's truly global and the people are the smartest I've met. I'm headed to Dartmouth.</p>
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I think to insult anyone interested in ibanking, which most on this board are, was just ugly. I'm not proud on my response, but the truth is that it's really easy to strike out at ibankers because so few have the opportunity to get such jobs. I spent this last summer working with people I truly admired at a great ibank. They lived full, rich lives. While I probably won't do long term, I would love to spend more time in ibanking, there's so much to learn, it's truly global and the people are the smartest I've met. I'm headed to Dartmouth.
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<p>I don't think he was insulting the people doing banking. He said it's a life sucking job, it is at least at an analyst level. Most people would agree that you'll be spending much of your time AT WORK. I mean it's a known fact that these people are working crazy hours.</p>
<p>Is there anything wrong with that? No. I mean I see the benefits of doing so. And yeah, bankers ARE smart, i'm not disputing that. I'm either looking at banking or trading as a career for myself when i'm done with college so I'm not totally against that, but I think it would be ridiculous to argue that work does NOT suck your life at the analyst level. It does. That doesn't mean you have zero free time, it's just that you'll have long nights and less sleep than most people are used to. You still get to bond with your fellow analysts and everything like that.</p>