UniCredit FIG (Munich) vs MS ECM (London) - both are SA
Title says it all.
My goal is to land an IBD internship (summer or offcycle) at a top BB/elite boutique next year and hopefully a FT offer after that.
I'd like to spend at least 2-3 years in investment banking (m&a or other strong group), and I am keeping my mind open to different opportunities after that (HF, PE, etc.).
Keep in mind that I already have strong profile (BB FO internships and solid school, unorthodox background etc.), so brand should not be too strong factor here.
Many thanks
To me this seems like a no brainer...
Just go with MS ECM. It is in London and it is MS. Btw, Unicredit FIG do M&A?!? There you will probably work a lot on capital increases and debt issues.
Also, a friend of mine who interned at MS last summer told me that they don't recruit their interns on a "team" basis but, once they have selected the people to hire from the whole interns pool, they will assign each one to a team later one. If this is true (the guy will start there next summer and he is not going back to his original team) you will have a decent chance to land a non ECM-DCM role later on. Also consider that if you do well during this summer but you still have 2 years at school, they will probably offer you to return the following summer.
Finally, you will have a much stronger CV for future application with MS ECM in London than UCG FIG in Frankfurt.
Thanks for great responses!
MS looked like a better choice to me as well. But from reading these forums, I always thought that GCM/ECM/DCM/CB etc. is really looked down upon by bankers/traders.
Also, given my profile, do you have any opinion how would internship at McKinsey or Bain in Switzerland position me towards next years? I don't have an offer and this is hypothetical, but I still have enough some time to answer to MS and I have very good contacts in consulting, at Bain especially. Would it stand out more? I know that it might looks greedy at this point, but competition is fierce for IBD and I don't go to top UK school or have much network there. I rarely even get interviews although I have good profile, know how to write nice CV and cover letters etc.
Most of the posters on this site are still in hs/college, and all they "know" from friends/sources is that GS TMT M&A is the best and everything else has absolutely no exit opps.
MS branding will be amazing for you during FT recruiting/early career - don't let a silly group be a dealbreaker. Remember that not everyone gets their preferred group (aka M&A, LevFin, or TMT) during sellday - it's about how you network/sell yourself as well.
again great responses, thanks for help guys :)
Agree with cruel3a. This early in your career brand is very important for you to market yourself, and both would be great internships, but MS has the better name.
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