Help Deciding Between Internship Offers

I'm a sophomore at a semi-target with 2 offers for summer 2023 that expire next week. To be honest, I don't know what exactly I want to do, but I do know that IB isn't it. I interned at an AM firm last summer and liked the work so that's my path for now. Would appreciate some advice from those with experience.

  1. Prudential Project Management (insurance and based out of Newark)
  2. Fidelity Asset Management (rotations in equity, fixed income, alternatives, asset allocation and more)

This might be a dumb question, but what is the better/smarter choice for sophomore summer? Leaning towards Fidelity since I've heard buy-side interships are notoriously hard to get, but not sure.

16 Comments
 
[Comment removed by mod team]
 

Lol, I figured but thanks for your input. I know pay isn't everything but Fidelity is significantly lower

 

I go to a school where IB is heavily encouraged so I don't know much about buyside roles, but is the earning potential on par with IB given that there is more work life balance? 

 

Itaque voluptas maxime molestias et distinctio unde numquam. Ipsum voluptates dolore et sequi qui alias. Est ut unde alias quidem. Nulla et est et molestiae possimus veniam voluptatem fugiat. Et vero qui minima sed.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”