Hi all,
I am stuck between taking one of three jobs this summer and I was hoping WSO could be my professional help.
Job 1: Very boutique emerging markets advisory and impact investment bank. I would be dealing with research that will go into investment memoranda. Other responsibilities may include evaluation of incoming deal flow, identification of global strategic partners for projects, creation of financial models, and assisting in the execution of transactions.
This job is paid in cash or as a percentage of the deal.
Job 2: Well known global Asset Management firm. However I would be working in compliance/operations/risk intern. 35-40 hours a week with $10/hr pay. Not entirely sure what the job entails because this was handed off to me by a friend who received a better offer. His description: "the compliance part streams into risk and regulation. I worked on anti money laundering updates stuff from our sellers, so its similar to some aspects of qualitative risk."
Job 3: Real estate internship with a group who began only 2 years ago. Will be doing things such as market research and financial modeling for properties. Unsure if this is paid.
I could really use some input as to which job would give me the most experience and best further my resume. I am stuck between job 1 and job 2 because of the job experience/brand name trade off. I am a rising junior who is behind the rest of the lot because he studied in Shanghai for the spring and didn't get back in time for interviews until last week.
I appreciate your comments and advice.
Having experience in a front office role will make you more attractive for SA recruitment in a front office role next year. In my opinion, the brand name doesn't help much if the experience is unrelated. If you want to do emerging markets then take internship #1; if you want to do RE then take internship #3. Then next year, get a SA position in one of those areas and convert it to a FT offer. I know it's hard to take an unpaid internship, but I took a paid internship in FP&A my junior summer, and in hindsight I wish I would have hustled a little harder and found an unpaid internship at a boutique IB or something similar. Either way, I think you will be able to get a good SA position next year if you take internship #1 or #3. Just my two cents.
I'd definitely go with the boutique. If it's more along the lines of what you'd like to do FT, whether it be at another boutique or MM firm. It's all about the story you can create for yourself based on your time there, when selling yourself for future gigs. Even if it's not exactly what you want to be doing in the future you can say "Doing x at firm y last summer gave me some exposure to z. This is where I'm trying to direct my career for whatever reasons".
For future jobs, you can fudge your resume to fit those applications regardless of what you actually did.
For an internship, the most important thing is the name of the company. That gets you into the conversation.
Think from a recruiter's perspective. Which group of names seem more powerful on a resume? 1) Goldman, Merrill, BlackRock, Vanguard, Fidelity, Schwab, BofA, Nomura 2) Bob's Investment Bank, Mom and Pops Asset Manager, Uncle Dewey's Equity Research
Hands down, Uncle Dewey's would look great on your resume. I am sure a name like that will take keep the conversation in an interview going.
front office experience in boutiques > middle office experience in reputable firms
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