wannabazn88

Hey guys, lately I've been doing a lot of research on possible summer analyst positions at I-banking and consulting firms. The problem is that I am having a hard time finding appealing programs that are offered for rising juniors. I really like the programs offered to sophomores at Morgan Stanley and Bank of America, but I'm having a hard time convincing myself that I will be able to get into these programs with my relatively low gpa (based on my scores so far, I will probably have a gpa of 3.35 by the end of this semester). I was wondering if any of you knew of any "smaller" firms that provide opportunities to rising juniors that I would have a good chance at getting? I am leaning more towards consulting as of now, but am (of course) willing to work into ibanking so that I can learn more about it.

Thanks!

red sox 7327

Programs such as Morgan Stanley's for rising juniors are uber competitive. Irregardless of what school you are from, your main goal should be to find any good finance related internship. Check out boutique firms in your area as they will be more likely to higher rising juniors. Otherwise, it is tough to recommend places that higher rising juniors because most of the well known banks either don't or higher VERY few. I know boutiques in my area that higher rising juniors but that won't help you very much. Also, the best way to get a good internship before your junior year is through connections so use them if you got them. Good luck.

amman

im am also highly interested in the i-banking field and have been searching for high school internships

i am currently a soph and i cant find any places that would take me on in the summer

if you guys find anything plz reply or pm me

CollectivSynergy

^ I believe the OP is a rising junior in college. You will NOT get an internship at any sort of financial institution as a high school sophomore unless you're the kid of a CEO or something and have powerful connections.

wannabazn88

Yeah, I'm in college. Thanks so much for the input, red sox. I'm not exactly sure what a boutique firm is (I'm still pretty ignorant towards ibanking at this point, and only know of the big BB firms), but I can fix that with a little trip over to wikipedia.

red sox 7327

Simply, absolutely, unequivocally, completely false. There are actually many financial institutions that will higher rising juniors for a summer internship position. Now, does that mean BB investment banking firms will? No, at least not a number high enough to warrant the prospect as reasonable.

As far as the classifications for the different sizes of investment banking firms:

BB (bulge bracket) firms are the big kahunas of the investment banking world. MM (middle market) firms are smaller in size, but are still largely known nation wide. Boutiques are the smallest type of investment banking firm. Many boutiques will focus on specific sectors (i.e. technology, health care). There are MANY boutiques in all areas of the country and some/good amount of them will hire rising sophomores.

CollectivSynergy

A high school sophomore? I have NEVER heard of any IB firms that have high school internship programs. I question where you got that info from because unless you show me proof I'm highly doubtful that you have any idea of what you're talking about.

CollectivSynergy

Also, I'd like to add that for the OP you have about a 0.001% shot at the big firms (sorry to be harsh, but they'd throw your app away without looking past the GPA). Red sox is actually right in that your best bet is to work your way up from a smaller boutique.

red sox 7327

LOL, sorry CollectivSynergy, apparently I need to improve my reading comprehension skills. I didn't realize that you were answering amman's question in part because I didn't think that anyone would even ask such a question . You are indeed correct then about high schoolers not being able to get finance internships. I just figured everyone knew that so I completely overlooked the fact that someone actually asked the question.

CollectivSynergy

Heh yeah I guessed that we miscommunicated about high school vs college.

wannabazn88

Thank you for your frankness CollectivSynergy. I understand that at this point I am up the creek without a paddle, which is why I have been working my ass off to overcome the mistakes I made schoolwork-wise during my freshman year. I do have a small connection with someone in the operations department at MS, so hopefully that will give my resume a chance. I believe that besides my gpa, I have a pretty stellar record. I feel confident that if I got to an inerview, I would do very well.

CollectivSynergy

I wish you the best of luck with that