Internships in Investment Banking in China
Published: Mar 31, 2009
That said, the landscape has changed in recent years. As more and more Chinese securities firms come to realize the value of summer internship program for their full-time recruiting, they have begun to pay more attention to this opportunity to recruit top quality students. Generally speaking, the recruiting process for local securities firms' summer internship programs begins in March or April and lasts until June or July. However, except for at some large firms such as CICC, the recruiting process for summer internships at most Chinese securities firms is normally not as formalized as the full-time recruiting process. For those companies with no formal summer internship program, taking the initiative to contact the company or department head is the key to getting a summer internship opportunity.
Normally the summer internship will start in June or July and last to the end of August or even September, which is similar to the internship period for global firms. As for the internship itself, unlike global firms, most of the firms don't have a systematic training program and orientation period. In most cases, from the first day of the internship, the summer intern is allocated to a specific department, mainly in a role of providing support to the full-time employees. The summer internship can be an invaluable way for students to secure a full-time position since this is an excellent opportunity for them to learn about a firm's business as well as for the firm to get to know the student. Moreover, even if a summer intern is not granted a full-time job offer after the summer, the summer internship will still be a great advantage for a student during the full-time job hunting process.