by Girl Banker
In addition to their summer program, some banks now take in interns over the Easter period for two or three weeks for a more informal introduction to investment banking.
Key differences between a spring internship and summer internship:
1. Summer internships are typically 10 to 12 weeks whilst spring internships are only 2 to 3 weeks.
2. London seems to be the only financial region that is currently popularising spring internships into a regular program.
3. Banks expect less of you in a spring internship than they do in a summer one which means it's easier to impress.
4. A spring internship gives you a very basic overview of several desks whilst a summer internship gives you a much more in-depth experience of one to three desks in an investment bank.
5. A summer internship can lead to a full-time job, a spring internship does not lead to a full-time offer
Advantages of doing a spring internships
1. It qualifies as work experience and will increase your chances of getting interviews when you start applying for full-time positions and summer internships.
2. It can help you to decide whether or not investment banking is for you.
3. It can help you decide which teams in corporate finance or the capital markets are more fun and interesting.
Note that spring internship schemes if available are very limited. If you can get onto one this will definitely make you look more passionate about banking.
I created my investment banking blog in 2012 as soon as I resigned from i-banking & published my book, To Become An Investment Banker.
Initially published at girlbanker.com, all posts were later subsumed into my personal website under katsonga.com/GirlBanker.
With 7 years of front office i-banking experience from Goldman Sachs and HSBC, in both classic IBD (corporate finance) and Derivatives (DCM / FICC), the aim of GirlBanker.com was to make it as straight-forward as possible to get into a top tier investment bank.
I'm also a CFA survivor having passed all three levels on the first attempt within 18 months - the shortest time possible.