refurb wrote:
pelihu,
I noticed that you're attending Darden but got an internship in LA. Did the company you work for recruit at Darden or did you have to do your own leg work to setup the internship?
I'm curious how hard it is to line up an internship on your own.
Thanks,
RF
Well, it's pretty hard to generalize. The company I'm with is a bulge bracket bank. All of the 20 or so biggest banks recruited on campus at Darden, however they differed in how they staffed branch offices. The firm that I'm with gave a general offer (basically for the NY office); and then with offer in hand I met with the group in LA that I wanted to join. Many firms did it this way. Some firms recruited separately for each office, meaning you had to drop your resume separately for each office you were interested in. Still other firms had centralized recruiting, but forced you to choose an office. One firm had first round interviews on campus, but then offered my a second round interview with the office of my choice (I had made contact with people in LA and SF). So, if you want to maximize your chances you should definitely try to do some of your own leg work. It's possible to get where you want through on-campus recruiting in some cases, but you can help yourself by getting involved.
As far as how hard it was, it wasn't that hard. I focused just on banks (don't have much info to share on consulting firms or GM or anything else) and was able to get 10+ meetings with California offices of bulge bracket banks. I cut off my on-campus schedule after the second day of interviewing (got an offer from my top choice), and by that point had interview invites with a half-dozen CA offices.
However, each person's relative level of success (and ease) will depend on several factors. First of all, the west coast offices are extremely wary of folks that do not have ties to the cities in question. In fact, based on my own interactions I will say that some will straight-up not consider carpetbaggers. You need to have a well-developed story for why you want to be in the particular office in question; and it probably wouldn't hurt to have a good reason for why you aren't attending one of the top local schools. The second is that you must demonstrate technical competence and commitment to the work. The west coast offices are much smaller so they won't have a big pool of people to choose from to help them get their work done. Certainly, these factors are important for banking in general, but especially so in branch offices where they will not consider you if they have any doubts about whether or not you can and will pull your weight. They know they will likely be working with you directly and want to be extra-sure that you'll be able to handle the job because there's less room for recruiting error. Which leads to a final point - schmoozing is super-important because you'll be interviewing directly with the people you will be working with. If you're at a target school, schmoozing is probably the most important thing for IB recruiting in general; but at a branch office where you'll be interviewing with the VPs and up that you will be working with closely, schmoozing skill is at a premium.
How hard is it? Not hard if you have these things going for you. Impossible if you do not.