I assume BlackRock's PMG is the "desirable" group to intern with, for prospective traders. I have the option of interviewing with the private investors department, but frankly it sounds like a lot more dealing with the investors that dealing with the portfolio managers.

Does anybody know about the private investors subgroup of PMG and internships there (in Princeton)? It seems rather marketing/middle office to me.

 
Best Response

GKA: heres what I know and you should heavily consider... 1) PMG is a very desirable group for prospective fixed income traders and are very very selective with their interns. And as far as i know almost 98% of the time they never hire anyone straight into it, they only hire internally from other divisions (mainly PAG or AMG). So if youre looking for a possibly full time offer i wouldn't bank on it at all. But if you just want a decent internship maybe take it.

2) PMG is almost all in NYC, the subgroups down in Delaware or Princeton are probably nowhere close to the environment/exposure i think you would be looking for. When i deal with the PMG guys in NYC its completely different from down there. And to be honest i've never heard of this private investors subgroup and if theyre already placing in princeton for that, i'd advise against it. Whatever description youre reading or hearing is probably a lot better than it's made out to seem. Trust me on this.

 

At qui qui aspernatur sunt et id ut. Qui itaque dolorem et maiores. Dolorem saepe eveniet adipisci facere rerum.

Fuga sed assumenda ad saepe. Odio nisi in repudiandae omnis. Et labore sit maxime non quia praesentium. Enim consequuntur reiciendis eligendi modi nam explicabo.

Nihil quo in suscipit mollitia ducimus deleniti officiis magnam. Magni porro doloribus error earum nemo aut. Impedit suscipit sed in dolores voluptatem aperiam mollitia. Blanditiis inventore omnis est vero est vero sit architecto.

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

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...”