Internship: Trading vs. Boutique PE

I missed out on the BB bandwagon this year (junior @ target w/ decent GPA) and I currently have two options: Intern unpaid at a 1-2 man Brokerage/PE shop that doesn't seem to get much deal flow, or a paid internship in S&T at the lowest BB.

Which would better set me up for IB recruiting in the fall? Or, should I just keep looking for better boutique IB opportunities? Is it too late for that?

 

Barcap or UBS? I'd go with S&T.

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I dont want to give specific,s but yeah youre in the right ballpark. I generally hear its best to do whats most relevant to what you want to do, so Boutique IB > BB S&T for people who want to break into Elite Boutiqe/BB for the fall. But Im guessing this is a little different, because the Brokerage/PE shop is really no name and might not have a lot to offer as far as financial modeling goes.

 
Best Response

I'd take S&T. Network with alumni all summer/NOW, spinning it as you thought you wanted S&T but have become more interested in banking. A 1 man PE shop as a junior SA makes it look like you wanted banking but everyone told you no (which might be true). However, that's not the impression you want to give. FO BB S&T to IBD makes more sense and you look like a more qualified candidate.

Better practice your 'why banking over S&T'

 

Alright I see. And considering its almost June, its much better to have BB S&T in hand than look around for decent Boutique IB opportunities? My finals finish next week and I was going to start cranking out calls ASAP.

 

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