With the development of internet technology, more and more investment banking internships are moving online, providing great opportunities for students to gain relevant experience for free. There are a few effective ways to search for and apply to quality online investment banking internships for free. Utilizing LinkedIn, Handshake, university career centers, startup incubators and networking are all useful tactics. It is important to craft an appealing resume, prepare for interviews, and follow up appropriately once you’ve landed an online internship.
Leverage your university career center and startup incubators
Most universities have dedicated career centers that aggregate online internship opportunities, often specialized by field or industry. Investment banking is a common category. Similarly, universities sponsor startup incubators welcoming student interns to gain experience at no cost. Proactively browsing these online portals can uncover hidden investment banking internship gems. Once found, submit outstanding applications to boost your candidacy.
Utilize LinkedIn to connect with firms and recruiters
LinkedIn is more than just an online resume. Utilize the alumni search to connect with investment banks and boutique firms in your area, then leverage mutual connections to ask for informational interviews and internship opportunities. The jobs portal also aggregates relevant postings. Follow recruiters and firms of interest and comment thoughtfully on posts to get noticed. Relationship-building is key.
Search aggregator sites like Handshake and Indeed
Sites like Handshake and Indeed compile internship listings from multiple employers and sources. The advanced search filters allow drilling down to criteria like industry, location and paid vs unpaid. Investment banking internships pop up regularly. Set up alerts for new relevant postings. Tailor your application to each bank or firm and follow up promptly to improve chances.
Attend virtual career fairs and info sessions
Virtual career fairs organized by universities or third parties like Handshake allow students to explore investment banks and boutique firms via chat, video and content sharing. Prep a refined elevator pitch outlining your skills and motivation. Info sessions also provide visibility into firm culture and operations. Ask smart questions to stand out while networking.
Build your professional network
Networking works. Discuss your investment banking interests with professors, club leaders and professionals to uncover leads. Attend local Finance association meetings when possible. And don’t ignore the power of cold outreach to investment professionals on platforms like LinkedIn, which is more successful than you may assume.
Getting an online investment banking internship for free requires effort but pays dividends. Leverage all resources from your university career center to alumni networks and online aggregators. Build genuine professional relationships, highlight transferable skills and motivate why you are passionate for the field. With a focused, thoughtful approach the opportunities are out there.