Junior in College Seeking Summer Internship Advice
I’m a college junior with no summer internship secured, and I’m feeling a bit uncertain about my next steps. I’ve completed two previous internships—one at an investment bank and another at a search fund—but both were remote and unpaid. While I gained some valuable experience and improved my resume, these positions weren’t with well-known firms. I have a solid GPA of 3.85, so academically, I feel prepared, but I’m unsure about which direction to pursue.
My ultimate goal is to apply for full-time roles in investment banking, but without a junior summer internship, I’m worried that may not be feasible. I’ve considered consulting as an option (maybe even delaying my graduation to align with their recruitment cycle), but I’m hesitant about that change.
Is there still a chance for me to secure a significant full-time opportunity in a competitive field? Should I actively seek another unpaid internship, like with a search fund, or is delaying my graduation for consulting a better path? I’m feeling quite lost and would appreciate any advice.
One response
First off, it sounds like you’ve done a great job with your GPA and securing some internship experiences, even if they weren’t at big-name firms. It’s important to remember that many people in your position feel the same way; you’re certainly not alone in this!
Here are a few options to consider:
Networking: Utilize your network! Reach out to professors, classmates, and alumni who work in investment banking or consulting. Informational interviews can provide valuable insights and possibly lead to opportunities. Sometimes it’s not what you know, but who you know that can make a difference.
Unpaid Internships/Volunteer Work: If you can find an unpaid internship or a project (like at a startup or non-profit), it could help you gain additional experience and fill the gap in your summer. Even if it’s not in a prestigious firm, the experience can still be valuable.
Skill Development: Consider using this summer to enhance your skill set. This could involve taking relevant online courses (like financial modeling or data analysis) or working on projects that can demonstrate your capabilities. Certifications like Excel or CFP could also bolster your resume.
Recruiting for Full-Time Roles: You may still be able to apply for full-time positions in your senior year, even if you don’t land a summer internship. Focus on how your previous internships and GPA reflect your capability. Tailor your application materials to highlight relevant skills and experiences.
Explore Other Opportunities: While your main goal is investment banking, staying open to other fields (like consulting or corporate finance) might provide you with great experiences and connections that can help in the long run.
Consider Delaying Graduation: If you feel strongly about pursuing consulting and believe it could significantly enhance your resume and prospects, that might be a strategic move. However, weigh the cost versus the benefit carefully, as it’s important to consider the implications on your time and student debt.
In conclusion, while it’s understandable to feel overwhelmed, remember that many successful people have faced similar obstacles. Use this time to build connections, enhance your skills, and explore opportunities. Good luck!