Freshman with "good" options needs help. Calling all Wall Street veterans.IB
This is probably a stupid thread - I just wanted to get an opinion from those who have "been there done that."
Freshman at a semi-target. Great scores, stats, and ECs. I am currently considering two internship possibilities for the summer:
A) UBS Private Wealth Management in New York: I made a similar post before, but to reiterate, I love the people I'll be working with. Boss is a great guy. However, this is only half of the internship. I would have the opportunity to be a temp in UBS IBD the other half of the time. No real structure; it's kind of like a "create your own internship" which would give me a nice, well-balanced experience. I wouldn't be doing any actual financial modeling, though. Just observing. Housing options already lined up. Plus, it's New York and I got a lot of buds there.
B) BB Real Estate Principal Investment in London/Hong Kong (I am being ambiguous on purpose. ): Yeah, this is a HUGE opportunity. This is not the real estate industry group of BB IBD; this is the principal investment/ private equity arm of a BB. Think MSREF/ GS REPIA/ DB RREEF. I know that I will gain invaluable financial experience, as well as more knowledge about the RE industry. Work experience aside, I love to travel so going abroad is a huge plus. My only concern is one that has been voiced quite emphatically across these forums, namely: Am I pigeonholing myself? For a first internship, I feel that maybe this experience will be too specialized and too real estate intensive. Krakauer, a WSO poster, labeled it as more of a "career post" then a good place for exit opps.
I am leaning heavily (actually, "falling" would be the better word) towards the second option. Can anyone dismiss the validity of my concerns?
1) Which one would be looked upon more favorably for a BB SA stint next summer?
2) Assume I choose the BB real estate principal investment internship. Should I even consider doing sell-side work in IBD for next summer? With this BB REPE internship under my belt, can I keep doing buy-side work over the next three summers and land a PE gig out of undergrad? Or is some IBD necessary?
3) Out of those three mentioned above - MS REF (AUM +$80 billion), GS REPIA (AUM ?? billion), DB RREEF (AUM +$80 billion) - which one is the most prestigious?
Any help is really, really appreciated. Thanks!