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? 

 

Aut eveniet enim sapiente. Iure at cupiditate fuga officia quas iusto. In esse accusantium eos autem quo minima corrupti qui. Mollitia eos omnis dolorem culpa nobis illo.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”