Boutique IB or Bulge Bracket AM

If your main goal after graduating was to break into IB at a BB, but your options for your sophomore summer or junior summer are limited to the following two options which would you choose?

  1. Unpaid investment banking internship at a boutique or unknown investment bank
  2. Paid Asset Management internship at a bb or well known bank
 

I'd do the same, if its an unknown investment bank, you dont really know what kind of experience youll get as an SA. On the other hand, it is putting IB experience on your resume...

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Even at a semi-target, I think if you want to do banking, then do banking. If you work your ass off you'll be fine. AM is the wrong path. You'll go into it only thinking about IB and you'll regret the decision. Bankers would rather you went for a no-name boutique. It shows how passionate you are about IB.

  • Network with BB's during summer, let them know what you're doing
  • Work hard and learn as much as you can at the no-name boutique
-- "Those who say don't know, and those who know don't say."
 

Non-Target. I could definitely leverage the a boutique ib internship as experience and it definitely shows passion/strong interest as nutsaboutWS said. I'll have my feet wet, even if it is just a little - some experience with valuation and what not. But then again, if I do take a BB internship in AM and excel like no other, it'll be a good look, and if I do apply for an IB position that'll know I am comptent. Now is that a risk worth taking?

Which would have more weight come time to apply for full time positions?

AgainstAllOdds
 

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