Hey all, I wanted to get some opinions on a potential internship I will have for this summer. Let me preface this by saying that I am a sophomore (to be rising junior) at a target school (think Stern, Ross, Georgetown, etc.) with an interest in the markets, but am also considering strategy work...
Anyway, this internship is with a medium sized company that provides energy data to financial/commodity markets, kind of like a Bloomberg-esque company, just on a smaller scale. I'd be working directly under the Director of Strategy & Operations, and the duties include things such as market research, due diligence, and assisting with other business development activities.
So, my question is, does this sound like a relevant internship for something in the markets after junior year? Or, is this really only a good option if I'm set on a corp strategy/development role? I know it isn't directly an investment, Asset Management, etc. role but I was hoping it might seem somewhat related...
Any opinions?
It's better than nothing. What's the alternative? Finance is all about evaluating opportunity costs (that's the fundamental basis of discounted cash flows), but you haven't given us a sense of what your opportunity cost is if you accept this offer.
The alternative would be a corp finance role at a F150 company. I do agree it is better than nothing, I just want to set myself up as best as possible for junior year recruiting. Thanks!
Firstly, in your cutting and pasting of the prospective job description, you've included your potential employer's name. I strongly suggest you edit and remove that, because stuff from a public bulletin board like this does get around.
"medium sized company that provides energy data to financial/commodity markets" - I don't know about this sector at all. You could get lucky and be working with the DSO on a current deal, which would be high value. However, if he's got nothing in the pipeline, you could spend your summer just sifting through M&A opportunities using public data and populating slides so he can justify his existing at his next CEO or board briefing.
I'd ask the DSO:
Whether the DSO has specific deal(s) in mind that you would be working on, or whether you'd be assisting him look for opportunities (latter would indicate your fate is to sift through stuff)
Whether the company has retained advisers to assist them with M&A opportunities or has had investment banks pitching ideas to them (indicates some level of commitment and/or opportunities for a deal)
If it doesn't look like there is a real deal you'd be working on, I'd go for the F150 corp fin role.
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