Summer internships offer an opportunity for young people to try out a profession and for employers to evaluate possible future hires. If you're hoping to turn your internship into a permanent position, experts offer these tips:
It's increasingly important in today's tough job market to get real-world experience on your resume. A good internship gives you a chance to get the skills you need, form connections with future employers, and sometimes make a pretty good salary.
Recruitment firms are emphasising the importance of direct experience to the job role being more essential than the educational background of a job-seeker. This is something that I myself was shocked to realise when after numerous consultations with specialists regarding my curriculum vitae, I saw the impressive education section of my CV move from the top to practically the bottom in an attempt to persuade employers to give me an interview.
The banking summer analyst and associate season is nearly upon us. In a few weeks’ time the lucky few will be congregating in clusters on the streets of London and Manhattan and feeling – momentarily – empowered.
“Hi Brian, Hope you’re doing well. I am halfway through my internship and, frankly, I am not enjoying it. Our firm is only working with its portfolio companies and I’m mostly doing market research and thinking about partnerships, looking at competitors, etc.
Reader Mailbag on Internships
Reader "CM" writes ....
Just two weeks ago, our human resources department blocked us from taking on an unpaid summer intern. The college student did not have any professional experience, but was trying to do something productive with his summer. My colleague decided to give him a shot. HR blocked the internship for fear of breaking the law.
Congratulations! You've landed yourself an internship on Wall Street this summer. While this is just the very first step to building a career on the Street, the stakes are high – if you play this right, it could lead to an entry-level job.
Landing a summer internship at any Wall Street firm is tough. But Business Insider recently spoke with a summer intern who had to work extra hard to land his first finance gig – and not for any of the usual reasons. Recruiters kept turning this University of Pennsylvania Wharton undergraduate down because, at 19, he was only in his freshman year of college.
The agency founded by Claire Powell, who was formerly Katie Price’s PR appears in their advert to be setting a very worrying precident and be potentially breaking minimum wage laws in paying just £20 per day for the three month experience with the company.
Every year, college and MBA students flock to New York and other financial centers for highly-coveted summer analyst positions at investment banks. A Wall Street intern who works hard and is a great team player has the potential to turn their 10-week long summer stint into a full-time offer from their respective firm.