Domestic vs. Emerging Markets?
Current MBA student and new to this forum. I am currently deciding between a few buy side research internship offers. Any advice or insight would be great. Hope is to break into buy side, and hopefully in the long term settle in the northeast.
- Emerging markets equity analyst at a boutique asset manager (~2 billion AUM) in a very HCOL city on the west coast. This seems appealing because EM seems like an interesting and niche space, and an internship could be a great way to see whether it's right for me. Also in a much more "exciting" part of the country that I've always wanted to experience, more MBA/undergrad alumni in the area, more buy-side opportunities in the area if I wanted to leave. Conversion from intern to full time is very high. Potential cons are insane rent prices (and not sure what comp at a smaller asset manager typically is), and I've heard EM is more stressful than domestic (any EM people to confirm?). Also not sure if EM would pigeon-hole me into EM for the rest of my career.
- Domestic equity analyst at a boutique asset manager (~11 billion AUM) in a LCOL city in the south. Really like the people at this firm and I think I'd grow a lot here. Conversion to full time is high. I am not particularly fond of living in the south, but would get more bang for buck salary-wise.
- Domestic equity analyst working in investment arm of a large insurer (~981 billion AUM) in a very LCOL city in midwest. Conversion to full time rate is 50%. This is in a small slower paced city with not much around, but more bang for buck salary-wise. Also not sure if being part of an insurer changes anything career-wise.