IB SA vs. PMG for summer

Hey guys, could really use some advice.

If given the opportunity of both, should I take an IB SA position or an internship at a respectable Asset Management firm with a PMG team who manages 10-15 billion (not NY, but still a major city)?

I ultimately want to work in PMG, and would love to work with the mentioned team after graduation. However, i hear it's very tough to jump into PMG right out of undergrad and i'm thinking that it might be more probable to get a FT offer after IB versus PMG.

So, should I try to break into PMG through an IB route or just try to impress the shit out of the PMG team and hope for the best?

6 Comments
 

If you ultimately want to work in PMG, it makes more sense to go with that opp of course. Is the internship through a structured program or is it more informal? Be sure to get some more clarity on the program though (is there a possibility of a FT offer?). If it's the latter, use your own judgment (identify the needs of the group, if there are a lot of junior guys on the team already, things like that).

 

It would be more informal, but i'm not sure how i would find out more info on the group. I have an interview coming up with an MD there, and I don't think that'd be a question I should ask.

 

Thought you had offers there already - that changes a few things. Get the offer first, and don't be afraid to ask about your role (along with their needs) in the interview. You need transparency in these situations.

 

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