2 Internships one summer? PE and PWM
(Gorilla, 589
Points)
on 6/9/12 at 3:00am
Both are part time and unpaid. One internship is a BB PWM mostly doing bs work (but no cold calling) and another is a part time PE shop for business development and some financial modeling. I'm guess-timating around 15 or so hours for each internship, but it will only be a pain since I won't be able to have a part time job and thus will have to pay out of pocket for travel expenses ($100 a week).
Do you guys feel like it's worth it or should I go without an internship this summer and do a fall term internship (firms have offered me for then as well)? Both internships will be good in terms of networking
what a stupid fucking
what a stupid fucking question. yes, you should do them both and no, you should not go the summer without getting an internship.
"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
Definitely do the PE
Definitely do the PE internship this summer. It's up to you if you want to take the PWM as well. If you need to fill your resume, go for it, otherwise work 15 hours a week in PE and enjoy the rest of your summer.
It's honestly up to you. If you think it'd be wiser to do a PE internship this summer and something in the fall, than do that. You're in a good position and you can't make a wrong choice here.
farmerbob: Definitely do the
Definitely do the PE internship this summer. It's up to you if you want to take the PWM as well. If you need to fill your resume, go for it, otherwise work 15 hours a week in PE and enjoy the rest of your summer.
It's honestly up to you. If you think it'd be wiser to do a PE internship this summer and something in the fall, than do that. You're in a good position and you can't make a wrong choice here.
Would the PWM look better on my resume as opposed to school clubs/school non finance related leadership positions?
If you're a freshman and have
If you're a freshman and have no "professional" finance experience, then it will help especially with the name (assuming ML, UBS, MSSB). You need work experience more than school extracurriculars. You need both but at this stage you want to fill your resume as much as possible with real finance experience.
Just curious what are your options come fall?
farmerbob: If you're a
If you're a freshman and have no "professional" finance experience, then it will help especially with the name (assuming ML, UBS, MSSB). You need work experience more than school extracurriculars. You need both but at this stage you want to fill your resume as much as possible with real finance experience.
Just curious what are your options come fall?
A boutique IBD that is somewhat legit and a PE firm with around 700million in aum. Also an equity research type position at a HF for spring (maybe). Their all all unpaid internships, and by no means guaranteed rather the free labor seems attractive at this point of time, but I had to network a lot to get them. I personally don't really know what I want to do yet, and so my goal is ultimately to try to hustle into a BB IBD firm for sophomore summer and then MBB for junior summer deciding which path to pursue senior year. I have a 4.0 at a non target, and so I think I understand where your coming from saying that work experience matters a lot more than being the president of random clubs at my school
-to correct my last post, I'd
-to correct my last post, I'd be happy with any "reputable" NY Investment bank (not just BB) for sophomore year, i.e. jefferies
Nice job hustling for these
Nice job hustling for these opportunities. Doing one of those fall internships will put you in really good position for what you want to accomplish.
Imo, doing the PWM is just another feather in your cap. It pads your resume with real world finance exposure. You have the opportunity to really build your resume up. You have some big goals and probably should do everything you can get your hands on. So a very strong argument says to do both internships this summer and learn as much as you can and meet as many people as you can at both jobs.
But again, I don't think it will hurt you if you want to enjoy this summer a little bit and just do PE. I'll reiterate that I don't think you can go wrong with any choice. Good luck and congrats on all your opportunities.
Take the PE internship. It'll
Take the PE internship. It'll all look the same on your resume. There's no reason/way they can tell it's only part time.
monkeystarter05: Take the PE
Take the PE internship. It'll all look the same on your resume. There's no reason/way they can tell it's only part time.
Absolutely true. If someone eventually asks how many hours you worked/whether it was full time, then tell them.
If you can hack it do both. Then you can speak credibly later as to 'why IB' 'why S&T' 'why xyz' because you've seen at least a touch of many sections of finance. My first finance job was at age 19 with a broker for UBS, cold calling wealthy people - and bang, that's how I knew I never, ever wanted to be a broker.
if you like it then you shoulda put a banana on it
monkeystarter05: Take the PE
Take the PE internship. It'll all look the same on your resume. There's no reason/way they can tell it's only part time.
Okay, so your saying that if I take both it might appear as a part time internship, but if I only take the PE internship it might seem like it was full time? My resume is full (with school leadership and activities) and I feel like PWM would be another solid work experience on it since ALOT of kids get PE internships and recruiters understand that they are kind of meaningless or equivalent to pwm most of the time
It's up to you really. You
It's up to you really. You could just take both and have the other in your back pocket.
But by putting only one on your resume, it looks like you did it full time. Where-as if you put two, it's obvious you didn't do them both full-time and it was part-time.
I have never been asked by anyone "how many hours did you work in this position" nor do I know anyone that has.
It's just like when someone puts a club on their resume, they have no way of checking what the club actually does, your club could consist of just you for all they know, as long as it sounds good. *Caveat: Do not lie. It's pretty obvious when someone lies.
internship during school is
internship during school is gonna be tuff during school. just do it in the summer. u sound like a rising junior or a rising sophomore. definitely a good experience and will get u ahead of most of the competition.
see if you can work more at
see if you can work more at the PE place and scrap the PWM
having PE and PWM on ur
having PE and PWM on ur resume along with a potential boutique ib in the fall should set you up well for SA recruiting. If you are only a freshman then that will look very impressive.
as far as whether you should take both or not i dont kno. If you have financial problems, its not like you are going to find a pt job that pays over the summer that quick. id just do both. if you are asked how many hours each u worked just say about 20 hours each. good enough since you will have a boutique internship in the fall (hopefully) to talk about in more detail.
PE. Not even a decision to
PE. Not even a decision to be made here. Try to do them both if you can.....
It obviously sucks paying out
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Do both baring it's possible
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Do both. However, prioritize