Internships in Investment Banking/Finance/Economics (thinking of doing a gap year)

<p>Ok guys, I really need your advice here:</p>

<p>I'm graduating if all goes well in August/September with a Bachelor degree in Economics. </p>

<p>I wanted to directly start my master degree in Finance (or Finance and Economics) abroad this fall but due to the fact that I had to postpone 1 mandatory exam I had to take, at least for now, to August, and that I still have to do my degree paper (50-70 pages or so) and I haven't done any applications yet for any universites (I don't even know which one I want to go to yet...), I won't be able to start a master degree in fall 2012. </p>

<p>I've missed quite a few deadlines for some top universities and I don't want to not go to one because I missed the deadline, I'd rather take a year off, get experience or something and go back to great school in fall 2013. </p>

<p>I could start a master degree at my current swiss uni but I don't want that, I want to go to a better university that has more international exposure and prestige in the finance/economics world. I also want to move out of this country so staying here and doing my master here will most surely result in me being a crappy manager in some regional bank. Again I could eventually do a master at my current uni but in the grand scheme of things, that's not what i want to do.</p>

<p>So now I don't know what I'm going to be doing for a year or half a year; I could start a degree in January; I know there are some universities that have a january intake option.</p>

<p>I'm thinking of using this time to do an internship (even 2 or 3). I have never done an intership and I was thinking this is the perfect time. A guy from Credit Suisse, who came to give a conference at our uni some months ago, said that we should try and do a few internships, at least 2, before we finish our master degree and step into the real world. So this would be ideal IMO, I'll get experience, make contacts for later in life, and will be able to take a year "off" from studying. What do you think?</p>

<p>With all the commercial banks, investment banks, central banks, financial institutions, capital equity firms, private banks, hedge funds, brokerages in the world, I must be able to find an intership somewhere between fall 2012 and fall 2013, maybe even 2, for example: one that lasts 3 months, the other 6 months. I'm willing to go abroad to do an internship and that's really what I would like, in the US preferably! it would be great to find an internship in either NY, Chicago, SF, Boston, LA, London, Paris, Frankfurt, Toronto,...</p>

<p>Investment banking is something I'm really interesed in.</p>

<p>Is it hard to find internships in finance? Where should I start looking? On the banks' websites? seach engines? There's so many options to chose from.</p>

<p>I don't have a CV done yet, I'm guessing that's the first thing I should be doing...</p>

<p>Or should I do something completely different like ,for a year, go to some school that offers a one year program in finance or something to prepare me somehow for master degree?</p>

<p>Or should I do something else? jesus christ i have no freaking idea.</p>

<p>I'm really lost here guys and i'm freaking out, fall 2012 is soon here and I have no idea what I'm gonna do.</p>

<p>mergers and inquisitions</p>

<p>What does that mean?</p>

<p>THAT ^ means two things:</p>

<p>1.) you are not familiar with google
2.) it will be exceedingly difficult to land a nice IB job</p>

<p>Oh I see what you mean:</p>

<p>[Understanding</a> Investment Banking | Mergers & Inquisitions](<a href=“http://www.mergersandinquisitions.com/]Understanding”>http://www.mergersandinquisitions.com/)</p>

<p>thanks for that!</p>

<p>Concerning your 2nd point, do you mean it’ll be difficult to land a nice IB job if I do not do internships?</p>

<p>Yea it’s a great resource.</p>

<p>And yes, in one of the recent M&I posts he talks about an MD who said that his bank had so many applicants that they threw out anyone not at an ivy with a 3.6 or better. So to be honest, you will face some pretty stiff compitition. </p>

<p>Then again, the competition in Europe is less fierce than the u.s. Good luck!</p>

<p>Koh19,</p>

<p>US is not the best place for an internship now! If you want to have a super successful financial career: start from high level, get wide exposure and move fast along the ladder, you MUST go to this place: China!</p>

<p>China’s most lagged behind sector yet fastest going is the financial industry! Its financial industry has been growing in tandem with its GDP and will grow even faster and a lot more!</p>

<p>A couple of my friends successfully landed good internships (one with a boutique investment bank in Beijing and another with a Big Four firm in Shanghai) last year through this web: [China</a> Internship programs](<a href=“http://www.china4future.com%5DChina”>http://www.china4future.com). Check it out!</p>

<p>Good luck.</p>

<p>China huh…</p>

<p>Didn’t think of that.</p>

<p>Have you done an internship in China? If yes, how was it?</p>

<p>Spam…</p>

<p>yeah, I figured. Thanks for the head’s up.</p>