Which Internship is Better?

Currently have a sales internship at a brokerage firm. Decent pay but I cannot imagine doing this for 3 months. Looking at the following two internships, no guarantee that I get either one, but I have a small network at both.

Bulge Bracket, Los Angeles Branch: Private Wealth Management

or

No Name IB Boutique, Los Angeles.

BB PWM is fairly straight forward. Here is a description of what the Boutique entails, from their website:

1) Detailed financial modeling
2) Market / industry research
3) Client-ready pitchbook and deal document preparation
4) Transaction due diligence

In reality they will probably have us grabbing coffee and dry cleaning, but as long as I have great coworkers I am satisfied doing any kind of work. At the end of the day, I want to be an IB analyst in San Francisco or LA. What are the pros and cons of each? Which internship would you take if you were in my position? I am a college junior, non-target, 3.7 GPA, Back-Office Accounting experience at a no name (essentially useless). Thanks for the help!

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”