Hey guys,
First post here, but I've been reading WSO for the past year.
I'm a transfer second-year at a regional target in California interested in getting into IBD and eventually PE.
This summer I have two internships and I'm also taking a class for my major.
One internship is at a top defense/aerospace contractor in a business management capacity (financial planning, budgets, cost estimating/scheduling). I know the position is not very relevant to finance, so I'm hoping that the respected name of the company itself will help somewhat.
The second internship is a remote Private Equity M&A position, where I'll be helping a PE firm-backed Fortune 50 exec acquire a company by sourcing deals, doing due diligence, and valuing potential investments. Unfortunately there's no modeling involved and it's a pretty unstructured position with minimal supervision.
Do you guys think that having these internships will give me a better than average chance at landing a boutique IB internship in the Fall? Would the fact that it's a remote internship work against me?
Thanks for your help
http://www.bbc.com/news/business-27321589 read this first.
im not at all sure how this is supposed to be specifically relevant to what OP asked
It should be noted that BarCap is getting rid of mostly S&T-type operations and their associated MO/BO support functions. As far as I know they make a significant portion of their consolidated earnings from traditional advisory functions which I am assuming the OP is targeting due to his interest in PE and as such I doubt that they will be doing any significant cutbacks in that department.
Yeah, I've seen a lot of confusion in the past couple weeks about Barclays. People at my school tend to forget that S&T is a part of IBD.
The fuck is all this talk about BC unless OP edited the post and I'm missing something here.
Both positions seem cool. There is a debate on how much value added shit a sophomore can do anyway. The PE gig sounds like it could sell you well. If you can get decent exposure and asked to be given decent work, I see no reason why you can't spin it for SA recruiting.
The BC-related posts were brought on by the article jojome posted presumably to dissuade the OP from going into IB. Also, agreed on the second position this job sounds pretty good and could prove to be just the ticket for junior year recruiting if you make the most of it and get a good recommendation from your seniors.
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