Internship choice, MC at Big Four or IB at foreign firm?

Hi Monkeys,

I recently got two offers for a month of internship, one from one of the Big Four management consulting teams (tech & strategy) and another one from a top 20 securities firm in China which may give me some experience in IPO and M&A and equity research, but is probably unknown to most bankers in the West.

My goal is to apply for an intern position at one BB in Australia or Hong Kong (IBD) right after the internships mentioned above.

My background is an actuarial major at a target, and I have both management consulting (at that Big Four) and finance (Fintech and corporate banking at small firms) experiences.

Would love your advice in terms of which offer would be preferred in IB.

Thank you in advance.

 

What's the long-term FT goal? IB in China? Then take the securities firm as it'll be known in that market. Seeing as you then want to apply to BBs in HK, this seems like a good choice.

If you want to pivot to Europe/US then it's tricky. On one hand, you could say the finance experience will be more useful for BB vs MC but on the other, the finance experience will come from a (most likely) unknown firm and Big 4 is a household name.

 

Ea odit ipsum distinctio praesentium rerum fuga qui natus. Quo minus saepe reiciendis exercitationem unde reprehenderit et.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”