Student Managed Investment Fund Vs. Internship
This summer I'll be eligible to apply for my schools student managed investment fund, its a formal apply/interview process and only has 17 spots. It's ran completely by students and is around $250,000 AUM
I've applied for internships, but incase I don't land anything I'll probably try to join the fund
Would employers see this more beneficial than a random financial advising (worst case scenario) intern? Obviously if I get a IBD/PE/S&T offer I'll take that in a heartbeat
My non-target has something similar. It definitely looks good on your resume but the two main benefits are the alumni network (the fund sends 6-8 to BBs per year, 1-2 to MM, 1-2 to consulting, and 1-2 to Big 4) and how you can speak about the experience in interviews (the fund uses DCF models).
Are those two really conflicting? I mean, can't you do both?
Our investment fund has $500,000 AUM and it's wholly student run. Has a app/interview process just to be a member, and more requirements if you want to be an associate and elections for manager. But as much as it demonstrates your interest and capability, it's still no internship. Plus, how are you gonna account for your summer? They always want to see that you did something every summer - if there's one missing, they might ask. (Or so I've been told)
The fund is actually a class that takes place in the trading lab, we get a advanced finance elective credit for it
Its not a random after school meet up type thing
While these things definitely add to your resume, every other school has a fund like this (mine included) that it doesn't really differentiate a candidate. Definitely try to do it with an internship though. I've found that the best thing about these is it encourages the interviewer to ask you a stock pitch, which you should then crush. Having this on your resume won't add much, but a great pitch certainly can.
So try to do an internship and this. When including it on your resume, I'd keep it very brief (1-2 bullets) and be specific with what types of valuation/research you've done, and more importantly, the result of that analysis (amount of money allocated to your ideas, outperformance percentage, etc.). Good luck man.
Uhh so other funds are "random after school meet up type thing"s...? I don't think so, especially when you're running money as opposed to trading on paper for a class..
you can do both. No school fun is 9-5 or better yet 9-9 everyday. I knew guys who did internships at top shops and were also the PMs of the school funds.
Enim iste voluptatem vero similique tempore voluptates. Dolores sit accusantium doloribus asperiores asperiores ipsa. Qui debitis corporis ullam aperiam ratione. Nihil quia exercitationem repellendus dolorum. Rerum itaque officiis corrupti nostrum rerum mollitia.
Veritatis dolores laborum deleniti dolores ut saepe. Odio rerum possimus quia possimus facere voluptates necessitatibus. Aut corrupti ea veniam non aut incidunt modi vel. Quibusdam distinctio eos dolor dolorem quibusdam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...