Energy IB Boutique (Houston) or Biomed/pharmaceutical Hedge Fund (Dallas) for sophomore internship?

Transferring to a target Fall 17' out of Texas (think Stern, McIntire, Ross) as a Junior. I have offers at 2 places and I'm not sure which to pick. The IB internship definitely offers a more relevant skill set I feel. Goal is to work IBD on the Street in M&A group or TMT group.

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Best Response

IB w/o question. You'll be learning and working on actual deals / models / pitch-books. Who knows what you'll be doing at the hedge fund as an inexperienced college intern - most likely a whole lot of nothing.

The structure of IB on your resume as a college intern just sounds better, in my opinion. Having an internship at a hedgefund (unless it's a mega-fund) always makes me wonder - esp. if you're trying to get into banking after college. If you do the HF, banks will suspect you're more interested in that side of the world.

 

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