ER vs. Risk Mgmt
Long term goal is to be in HF, perhaps portfolio mgmt. or PE
Short term goal is to be in IBD.
Currently a junior going for a summer intern position.
Recruiting season is coming to a close for me. I am at target Ivy (harvard/Wharton, one of those two)
What should I take this summer: equity research in TMT (below BB, above boutique/MM) or risk and quantitative analysis(RQA) at BlackRock?
I personally want to try for the ER summer->IBD full time->HF/PE track. However, chances of me getting IBD full time w/o an internship is slim, even if my school is top recruited and I have good academics (magna cum laude)
On the other hand, the RQA sits pretty close to portfolio mgmt, and its well reputed. Is it middle office? The nature of the work is very quant heavy though, using statistical models, fixed income analysis. Here, I would have to lateral into their portfolio mgmt group, which accomplishes my end goal or try to do the
Risk summer -> HF full time, again....unlikely because I might get pigeonholed