It is currently 23 Oct 2017, 14:32

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Are there M7 students who are unable to secure summer internships?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 03 Sep 2014
Posts: 17

Kudos [?]: 7 [0], given: 1

Are there M7 students who are unable to secure summer internships? [#permalink]

Show Tags

New post 05 Sep 2014, 14:19
Does anyone have any stories on 1st year students aspiring to go into Investment Banking or Consulting, who were unable to secure any summer internships but somehow still managed to secure full-time offers the following year?

Kudos [?]: 7 [0], given: 1

Intern
Intern
avatar
Joined: 03 Sep 2014
Posts: 17

Kudos [?]: 7 [0], given: 1

Re: Are there M7 students who are unable to secure summer internships? [#permalink]

Show Tags

New post 06 Sep 2014, 16:50
Bump

Posted from my mobile device

Kudos [?]: 7 [0], given: 1

Current Student
avatar
Joined: 30 Jan 2010
Posts: 301

Kudos [?]: 141 [0], given: 73

Location: United States
Concentration: Strategy, Economics
Schools: Chicago Booth - Class of 2015
WE: Project Management (Real Estate)
Re: Are there M7 students who are unable to secure summer internships? [#permalink]

Show Tags

New post 07 Sep 2014, 21:16
Career Services at Booth (as at most of the M7 schools, I'm sure) prides themselves on helping nearly 100% of 1st years secure an internship if they are seeking one. I don't know anyone who didn't have one this summer.

That said, there are always cases where someone's first (or second) choice industry doesn't work out. I know several recent grads who found themselves in this situation last summer and successfully recruited for their first choice (often consulting or banking) in their second year.

Kudos [?]: 141 [0], given: 73

Senior Manager
Senior Manager
avatar
Status: busyness school student
Joined: 09 Sep 2013
Posts: 419

Kudos [?]: 306 [0], given: 145

Location: United States
Schools: Tepper '16 (M)
GMAT 1: 730 Q52 V37
Premium Member
Are there M7 students who are unable to secure summer internships? [#permalink]

Show Tags

New post 17 Sep 2014, 19:56
Speaking for Tepper (not M7) - everyone (100% of full time class) is always able to get an internship here.

For consulting specifically, not everyone gets an internship at their top choice. They always advise you to have a back-up plan. I believe securing an internship in consulting is actually more difficult than a full-time offer in consulting at Tepper (at least, we have twice the number of full time offers every year as we do internships in consulting).

I don't know too much about IB, but I think you would want to be really close to the city... Recruiting consists of going to NYC every weekend.
_________________

My review of some of the CAT practice exams
You can usually find me on gmatclub's chat.

Kudos [?]: 306 [0], given: 145

Director
Director
avatar
Joined: 20 May 2013
Posts: 599

Kudos [?]: 286 [0], given: 54

Location: United States
Concentration: Strategy, Finance
GMAT 1: 750 Q49 V44
Premium Member Reviews Badge
Are there M7 students who are unable to secure summer internships? [#permalink]

Show Tags

New post 02 Oct 2014, 23:28
farful wrote:
Speaking for Tepper (not M7) - everyone (100% of full time class) is always able to get an internship here.

For consulting specifically, not everyone gets an internship at their top choice. They always advise you to have a back-up plan. I believe securing an internship in consulting is actually more difficult than a full-time offer in consulting at Tepper (at least, we have twice the number of full time offers every year as we do internships in consulting).

I don't know too much about IB, but I think you would want to be really close to the city... Recruiting consists of going to NYC every weekend.


At Kellogg, we have similar figures for consulting (twice as many FT as internships), but this is a bit misleading - a large portion of the difference is sponsored students who choose to go back to their employers. People certainly succeed quite often recruiting for consulting during their 2nd year, but internship is definitely the best bet.

In regards to the larger question, you need to keep in mind people have unique hierarchy rankings of preferences. Many people will rank MBB as their top choice, but then have Googe/Apple as their 2nd choice, or a marketing firms, or a leadership development positions, or return to their previous employer,etc...not 2nd tier consulting firms. If you go to a M7, you can almost certainly get a consulting job, it's just that many people don't want consulting outside the top 4 or 5 firms, with maybe a boutique or two thrown in.

In regards to bankings...its been very easy the last few years, I think something like 85-90% of people who recruit for it get a BB internship - although this could change since they've increased the salary 25% and cut hours.

Kudos [?]: 286 [0], given: 54

Are there M7 students who are unable to secure summer internships?   [#permalink] 02 Oct 2014, 23:28
Display posts from previous: Sort by

Are there M7 students who are unable to secure summer internships?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.