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BlueHorseShoe's picture

Pension fund management>IB

by BlueHorseShoe (Senior Monkey, 82 Banana Points Points) on 11/30/07 at 8:00pm

Vitals: Sophomore at non-target looking for an internship to leverage into a SA offer at a BB next summer.

Have talked to Lehman and RBC CM and have interviews lined up. Obviously, an opportunity at Lehman would be the best choice. But today, I was talking to a family friend who sits on the board of a large pension fund (~$50bil). He implied that he would probably be able to get me an internship at the pension fund.

How valuable would this experience be in the eyes of a BB for next summer? Would I just be better off with RBC CM?

No votes yet
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Banana_milkshake's picture

I would go for RBC CM. the

by Banana_milkshake (Baboon, 101 Banana Points Points) on 11/30/07 at 9:27pm

I would go for RBC CM. the pension fund stint may look good for interview with FIG, but otherwise, I would prefer RBC CM.

mark klein MD's picture

Pension funds invest in all

by mark klein MD (Senior Orangutan, 437 Banana Points Points) on 11/30/07 at 9:46pm

Pension funds invest in all kinds of things, from bonds to real estate, so it depends which investing arm of the fund you'd be in.

BlueHorseShoe's picture

Well this particular fund

by BlueHorseShoe (Senior Monkey, 82 Banana Points Points) on 11/30/07 at 10:33pm

Well this particular fund invests 98% of assets in stock and bonds with the breakdown of 61% equities and 37% in fixed income (mostly US Treasury notes & bonds).

If I had a choice, where do you recommend I try to place myself?

ssb101's picture

is this Lehman and RBC IBD?

by ssb101 (Orangutan, 286 Banana Points Points) on 11/30/07 at 11:36pm

is this Lehman and RBC IBD? If so then clearly the order is Lehman, RBC and then the pension fund. Unless this is the PE arm of a pension fund or something in which case thats a pretty good option.