Delete Please

It really depends on your risk tolerance. I'm not a fan of unpaid internships, especially one where it doesn't seem they give you preference over other candidates who haven't worked for free. I would take the CD gig.

If they can't pay their interns, clearly they are not in a great position for full time recruiting. Go with the Corp Dev

The CorpDev seems to be a highly structured internship program so they're should be some info/data regarding SA -> FT conversion rates if they bring in FT analysts straight out of undergrad ... do you know if this is the case?

If so and you were able to get a FT CorpDev offer you could have that in your back pocket going into recruiting next fall or even accept and lateral to IBD (a bigger and better firm than the ones you listed) after a year or so... you seem to have the skills and networking ability to make the jump into a top notch MM bank from CorpDev.

Wow, the internship at the small boutique seems like a load of horse shit. Unpaid for your junior year AND they'll make you interview again even if you do a good job? That's not a firm I would want to work at to even begin with.

People view F100 M&A as an exit op from banking. I would take that in a heartbeat, expecially since this boutique is being shady.

Unpaid + IB = LOL.

Given the amount of time you're going to work, I'm surprised you don't even get a stipend !

Agreed - sounds shady and the fact they will give you no advantage over other candidates during FT recruiting is ridiculous, especially if you worked a whole summer for them uncompensated.

Thanks for the input guys...

pphiFellow monkeys,

I need to pick between two summer internship offers and would greatly appreciate your input. Im a junior, go to a complete non-target, have below 3.5, but managed to network and get a F100 M&A offer and another offer from a small boutique (think JP Turner/ Morgan Joseph Triartisan/ Brookwood Associates/ Adams Capital). I obviously wanna do IB for FT but the catch is that this boutique doesn't have a guaranteed full time position - I'm gonna have to interview with the rest of the candidates for a FT.. and to add to that its unpaid so I will have to pick up the housing expense.

So...question is - should I give up my $10,000+ corp dev. summer internship (plus housing stipend) to do an unpaid IB? Or should I stick with corp. dev. and hedge my bets for FT?

Any advice appreciated!

(BTW both internships aren't in NYC or SF)

get a return offer from the corp dev firm and recruit at the boutique in the fall

take CD and forget IB altogether. If you can get into CD out of undergrad I would take it over IB.

Corp Dev OP. Congrats on two solid choices.

Go with what you want. I wouldn't take Corp Dev.

I'm just a chimp but I would take the cd and congrats on getting the multiple offers from a non target and sun 3.5

pphiFellow monkeys,

I need to pick between two summer internship offers and would greatly appreciate your input. Im a junior, go to a complete non-target, have below 3.5, but managed to network and get a F100 M&A offer and another offer from a small boutique (think JP Turner/ Morgan Joseph Triartisan/ Brookwood Associates/ Adams Capital). I obviously wanna do IB for FT but the catch is that this boutique doesn't have a guaranteed full time position - I'm gonna have to interview with the rest of the candidates for a FT.. and to add to that its unpaid so I will have to pick up the housing expense.

So...question is - should I give up my $10,000+ corp dev. summer internship (plus housing stipend) to do an unpaid IB? Or should I stick with corp. dev. and hedge my bets for FT?

Any advice appreciated!

(BTW both internships aren't in NYC or SF)

Almost, if not all, all of those boutiques are in Atlanta. Adams Capital is more of a valuation consultancy than a true ibd sell side shop. A few shops around Atlanta will outsource some of their more complicated valuation work to Adams. Very similar work to Taylor Consulting. Both of these firms make a sh!t ton of money acting as expert witnesses as well. You won't have much brand on your resume working for Adams, but you'll definitely learn a ton about modeling and valuation techniques.

I know a lot of younger guys that used to work for Brookwood. They all said the place was a joke and the deal flow was pretty low. They have had a lot of turnover in the past couple of years.

I would take the F100 offer all day and never look back.