Lower middle market ib firm vs boutique capital markets advisory firm internship
So I'm an incoming sophomore in college and am having a tough time deciding between two remote ib internship offers for the fall. The first offer is at a lower middle market ib firm. Here, I'd be doing industry research, maybe create some pitch books, and some general supplementary work (like note taking in client meetings, etc.) The second offer is at a boutique capital markets advisory firm (10ish ppl). Here, I'll be given the opportunity to work on a live deal with a UK-based company which hired the firm to help them raise investment capital and expand to the United States. The work here seems to be a lot more hands on. Both of the firms have extended the offer for the upcoming summer if I chose to do that instead of during the fall.Now I'm personally leaning towards taking the capital markets firm internship for the fall but wanted to get a second opinion if taking the LMM ib offer would be better solely for recruitment purposes (which is going to be during the spring semester of my sophomore year and before I even start my summer internship). The reason I think taking the LMM ib firm offer might be better for recruitment is because I'd be in an environment of investment bankers and maybe learn more indirectly about investment banking to talk about in interviews, even though I'd have less hands-on experience. Whereas in the capital markets firm, I'd have more direct hands-on ib experience but ib is more of a subdivision of the firm rather than their main service.Sorry if this is a dumb question and I'm just overthinking this. Thanks for taking the time to read this and I'd love any comments/opinions on what I should do
Take the LMM IB firm in the fall and the Boutique CP advisory firm in the summer.
Since you are still in your sophomore year, aim for a higher IB offer for the summer of your junior year… not now. Either way, these larger IB firms usually want applicants who would be in their penultimate year of university. You seem to have a great profile anyway + this way, you would have a wider range of experiences in your CV.
If you would still like to apply for bigger IB firms for the summer of your sophomore year (though I assume it’s pretty late at this point), go for it. Your profile would look good as when you network, they would see that you will be joining a LMM IB firm in the fall (through your LinkedIn) - or if you do get an interview, you would be able to let them know directly.
If they reject you, you have the experience and can do better next season. If they accept you, you can join them and maybe also get a return intern offer for the summer of your junior year.
If you wait to apply for these bigger IB banks (so you apply for the summer of your junior year)... again, make sure to keep your LinkedIn updated so they know you joined a Boutique CP advisory firm your sophomore summer (as you likely won’t have it in your CV yet) + mention it in your interviews, if you do reach that stage.
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