Extend current internship, or take another?
hey guys.
I'm a freshman going into sophomore year, and I'm currently doing an internship at a small real estate private equity firm. I'm interested in either going into consulting or IB upon graduation and I have a question.
Should I extend my current REPE internship from 6 weeks to 12 weeks? or should I do a second internship at a BB PWM group for the second half of the summer?
Which would look better on my resume for consulting/IB internships in the future?
A lot of my work here at the REPE firm is random menial stuff (making investor reports, bank reqs) but I do get insight into the industry and get some modeling work in. I also like the culture and the other interns.
Thanks for the help guys, and input is appreciated.
(I also posted this to resume advice, but this forum has a lot more traffic, so)
I'm currently in a similar position - doing commercial real estate at a top firm as a rising sophomore. I'd recommend continuing for the full 12 weeks and then try to get the BB PWM sophomore summer or a boutique IB. This seems to be the norm.
PWM is kind of useless. If you get a BB you have a name on your resume, but the actual work doesn't really add value. I'd extend and try your hardest to get a boutique IB internship next summer or BB if you qualify for any of the diversity programs.
I have an offer for 6 weeks after my current internship is over at a UBS/ML/JP PWM group. Do you think it's better to have that name on my resume in addition to a 6 week repe internship? or just a 12 week repe internship? I understand a PWM internship is mostly bullshit.
Thanks for the help btw.
Those PWM internships help if you're trying to recruit at that bank, but not elsewhere. For instance if you have a PWM internship at UBS, UBS would recognize that and you might be in a better spot for UBS IB recruiting, but doesn't add any value for JPM IB recruiting. Overall the REPE internship would probably give you a more rounded resume boost, but if you're specifically targeting the bank you have the offer at, you're probably better off taking that.
I'd say the REPE. I'll be honest and say that I don't know anything about real estate and I'm not sure how similar the work you'd be doing at a PE firm is to what you're doing now, but I've had friends do the PWM thing. They mostly cold called people and normal menial stuff (more menial than what you describe doing at your internship). There's a lot more overlap between PE and IB than IB and PWM, and I'm assuming that extends to REPE as well.
Aut quisquam velit quisquam qui quas id. Optio non velit enim.
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