which one is a good internship for a sophomore interested in IBD?

internshipselect
Wed, 15 Apr 2009 00:58:40 +0000

Hi,
I am a sophomore going to be a junior next year at a semitarget’s top engineering program (something like Cal, Michigan, Carnegie Mellon). I am interested in IBD but obviously I didnt land any interviews this year as sophomore.

Right now I have a couple internship choices:

Bank of New York Mellon - in their financial markets and treasury service division - the job type is “operations”
https://bnymellon.taleo.net/careersection/2/jobdetail.ftl

or

Bank of NEW YORK MELLON in their Business Exit & Other Activity division
https://bnymellon.taleo.net/careersection/2/jobdetail.ftl?lang=en&job=33...

"assist in the operational support for the Foreign Exchange product support and service. perform transaction processing, portfolio or trading book administration, and data management for high value often complex transactions. Additionally, they will be required to coordinate and administrate customer data and settlement instructions. "

OR

Bank of America Global Market Technology as a programming developer for trading desk (does this pigeonhole me as tech btw?)

OR

a very very tiny private equity unpaid internship (I did some research online and people who have gone through it said it’s a scam and they basically make you do grunt work including cleaning the office because it’s a one-man-shop), but would it look good on resume?

Which one is my best option? Are these all irrelevant and useless internships?

Also, an extra question. I only have a 3.5 GPA in engineering. If I end up taking one of these offers, and I also have a no name summer financial analyst internship over last summer at a boutique investment bank overseas. With this in mind, would I be able to have a chance to get interviews for IBD summer analyst for BB next year? how bout MM and boutiques?

thank you