<p>Hi guys, I'm currently a junior hoping to break into i-banking. Started looking for i-bank internships recently for my junior year, just applied to a few middle market/boutique firms around my area. So far I have gotten a response as a "compliance officer internship" at an investment bank. Some of my responsibilities are to monitor trades, equity and fixed income surveillance, corporate capital structure analysis and more. Do you guys think this is internship in the compliance department can help develop skills necessary to become an investment banker? or is it best that i continue looking for an internship that is mainly focused on becoming an analyst? any advice would be very helpful, Thanks !</p>
<p>everything will work out how it should. it is a friday night. enjoy yer life.</p>
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<p>No…if you want to break into banking when you graduate, you need to get a real banking internship</p>
<p>Every quality experience can be of assistance - depending on timing, firm name, etc. That said, considering you are already a junior, I would look for something more closely aligned to banking and less aligned to compliance/back office as it can be difficult (especially with a limited time frame) to make that transition. I would look to small advisory shops and no-name boutiques as well and, depending on where “your area” is, you may need to branch out and look to many other neighboring or even distant areas to find a home. I understand that during the school year a distant opportunity probably wouldn’t work, but I would keep my eyes open anyway in the event that they are looking to fill some summer roles. Lastly, if you can’t get into banking, I would work down the chain - corp fin, credit products, and so forth - operations should be further down the chain. If, however, you can’t seem to find anything but some solid compliance/back office roles, you may need to accept it and really work to make the most of it - a quality (meaning you can work on some excel work, maybe a few interesting transactions - if for a fortune 500 firm you may even be able to snag a few opportunities from more interesting groups) back or mid office internship is better than no internship at all.</p>