Finance Internship for 1L Summer?

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Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Finance Internship for 1L Summer?

Postby Anonymous User » Tue Feb 24, 2015 6:56 pm

Median 1L at T14 here.

I know the common wisdom is that it doesn't matter what you do 1L summer, as long as its legal. Well I'm in the second round for a summer position in finance at one of the big investment banks in my secondary market. If I take it, will it hurt me in OCI? Does it matter if it's a position in I-Banking or personal wealth management?

TYIA



Edit: For spelling

Anonymous User
Posts: 273590
Joined: Tue Aug 11, 2009 9:32 am

Re: Finance Internship for 1L Summer?

Postby Anonymous User » Tue Feb 24, 2015 8:58 pm

..

lawlorbust
Posts: 265
Joined: Mon Feb 24, 2014 11:50 am

Re: Finance Internship for 1L Summer?

Postby lawlorbust » Tue Feb 24, 2015 9:01 pm

...
Last edited by lawlorbust on Tue Jul 28, 2015 8:23 pm, edited 1 time in total.

stargate101
Posts: 1
Joined: Mon Oct 13, 2014 6:16 pm

Re: Finance Internship for 1L Summer?

Postby stargate101 » Tue Feb 24, 2015 9:10 pm

I did this. PM me if you want to talk about it since I would prefer not to put my personal information here.

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Finance Internship for 1L Summer?

Postby Anonymous User » Wed Feb 25, 2015 12:51 am

bump for the night/tomorrow crowd?

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Finance Internship for 1L Summer?

Postby Anonymous User » Wed Feb 25, 2015 1:03 am

I strongly considered doing this (was doing interview prep), but was advised not to. Here is the advice I was given by CSO/lawyers:

-Don't do this if you want to practice Biglaw. It may put a red flag on your resume that shows you may take a IB job over law. That's especially worrisome for law firms because IB interviews are after OCI and you might renege.
-If you do an IB internship, try to pair it with a small legal internship as well. That's what I was told, but depending on your IB job, you probably won't have any time at all to even do a RA job.

My advice:
-If you want to do IB, go for it. If you can get an internship this summer and then next summer, you'll go in as an associate and will make more than the all the top kids in your class by a lot and you won't be at the very, very bottom of the totem pole. You'll get to boss around the analysts!

I decided against it because I want to be a lawyer in the long run, but talk to bankers and lawyers to really figure out what you want to do. I was frustrated I had to figure it out so soon.

Banking hours are way worse than law, but it's probably slightly more interesting. Also, bankers get way better meal perks.

Anonymous User
Posts: 273590
Joined: Tue Aug 11, 2009 9:32 am

Re: Finance Internship for 1L Summer?

Postby Anonymous User » Wed Mar 11, 2015 8:42 pm

Bump:

New Poster:

I'm in final rounds for a f500 corp dev(finance, m&a role.) Any insight if that will have an effect on OCI next year for transactional firms? I'm not sure if I want to pursue the legal track or do finance.

I have a side job(legal) I can do, so that aspect will be fine.

iliketurtles123
Posts: 237
Joined: Wed Jan 15, 2014 10:14 pm

Re: Finance Internship for 1L Summer?

Postby iliketurtles123 » Wed Mar 11, 2015 10:56 pm

Is this for PWM? I know a couple people who did PwM during 1L summer. Didn't seem to affect their OCI, since they're all going biglaw 2L summer (though I don't know to what extent they were asked about this during the interviews and how they responded)

Eric45
Posts: 1
Joined: Tue Mar 17, 2015 4:33 am

Re: Finance Internship for 1L Summer?

Postby Eric45 » Tue Mar 17, 2015 8:21 am

Banned for Spamming




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