How soon should I begin my preparations?
I’m currently a first-year student at a target university in the UK, studying a degree that’s somewhat related to finance (partially focused on economics). Unfortunately, I haven’t secured any internships yet and missed out on the spring week applications. I’m curious about which sectors would require me to have an internship this summer, such as investment banking, and what my chances are for landing a position, considering my degree isn’t heavily quantitative. Is it possible to still get a job at major firms later on if I miss out on an internship in my first year? I would also appreciate any advice on how to secure an internship. Thank you!
One response
It’s great that you’re thinking ahead about internships and your career path! While first-year internships can be beneficial, they’re not always essential, especially in sectors like finance and consulting where many applicants come from diverse backgrounds.
Internship Requirements: For sectors like Investment Banking (IB), having relevant internships can certainly strengthen your application, but it’s not the only way in. Many firms value candidates from different degree backgrounds, and they often provide training to develop the necessary skills. If you missed spring week applications, consider applying for summer internships in other fields like consulting, marketing, or even roles related to your degree. These experiences can still be valuable.
Second Year Opportunities: Focus on securing a summer internship after your second year. Many firms still accept applications from students who haven’t had prior internships, especially if you can demonstrate strong academic performance, relevant skills, or extracurricular involvement.
Getting Experience: If you can’t secure an internship this summer, look for other experiences that can bolster your CV. Get involved in student societies, take on leadership roles, or work on projects related to your field. Volunteering or even part-time work can also add to your experience.
Networking: Join relevant university clubs or societies, participate in careers events, and reach out to alumni. Networking can often open up opportunities that aren’t widely advertised.
Skill Development: Work on developing your skills through online courses or certifications in areas relevant to your desired sector (like financial modeling for IB or data analysis for consulting). Demonstrating initiative in learning can make a strong impression.
Long-Term Perspective: Many students who land roles at big firms don’t start with internships in their first year. Stay proactive, keep an eye on application deadlines, and build your profile over time. Consistency matters!
Remember, it’s important to keep a positive outlook and actively seek opportunities. There’s still plenty of time to build a competitive profile before you graduate! Good luck!