Choices, Choices
I hope everyone is having a nice Christmas/Holiday!
I am a sophomore, and I interned my past summer in investment consulting doing research on 401k retirement plans. The company I worked for was a record keeper, and very big in the retirement/401k management of plans. Its probably a 26,000 person company (just bought, doubling its size).
I can go back there, or try PWM at a local Merrill Lynch or Raymond James type thing. What should I do? I like that the Merrill Lynch will give a good name, but I realize that I won't have a lot of responsibility there....
Thanks guys/girls!
What do you want to do? IBD? Then PWM.
Regardless of what you wanna do after grad, part of the way you should be looking at internships is as a way to gauge whether or not you actually like the industry/company/job, so it never hurts to try new things as sophomore.
If you are trying to get into an industry, you're going to have to do bitchwork. If you're going into banking, you're going to have to be a bitch in one way or another.
The answer timatom90 gave was the right one. It depends on what you want to do. If you want to go into banking, to PWM. So what if it doesn't pay. It goes on your resume. You gain (some) experience in researching companies. As long as it isn't pure cold calling, go for it.
Got it! Thank you for the advice. I hear that PWM is mostly BS work, and only 20 hours per week. Maybe I will take up day trading with the $0 I earn per hour!
Any other opinions on this?
In addition, having multiple internships on your resume shows that you've gained experience from multiple companies. It doesn't really bring up the question as to whether or not you are sure you want to do banking if you don't stick with a 401k company. And having multiple places provides diversity to your experiences.
Ok, sounds good. Anything you would do to complement the internship if it is, indeed, only 20 hrs/week? Or, should I be resting before the work really begins!?
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