M&A UniCredit vs ING Europe

Hello Monkeys,

I have received two offers in Germany. One is UniCredit MA in Munich, the other is ING MA in Frankfurt.

I saw ING ranked way higher than UniCredit last year in league table (amount). However I heard UniCredit does much more deals than ING in Germany.

My goal is to find the next one internship in London ideally in EB. Any advices on which one I should pick will be so much appreciated. Many thanks!

5 Comments
 

Based on the most helpful WSO content, here are some insights to help you decide between UniCredit M&A in Munich and ING M&A in Frankfurt:

  1. League Table Rankings:

    • ING ranked higher than UniCredit in terms of deal amounts last year. This could indicate a stronger presence or larger deals on average.
  2. Deal Flow:

    • UniCredit is noted for doing more deals in Germany compared to ING. This could provide you with more hands-on experience and exposure to a variety of transactions.
  3. Location and Networking:

    • Munich and Frankfurt are both significant financial hubs in Germany, but Frankfurt is often considered the financial capital of the country. This might offer better networking opportunities, especially if you aim to transition to London for your next internship.
  4. Future Goals:

    • If your goal is to secure an internship in London, particularly at an elite boutique (EB), consider which firm has stronger connections or a better reputation in the London market. Networking and the brand name on your resume can play crucial roles in your next move.
  5. Company Culture and Fit:

    • It's also important to consider the company culture and where you feel you would fit best. This can significantly impact your overall experience and performance.

In summary, if you prioritize deal flow and hands-on experience, UniCredit in Munich might be the better choice. However, if you value the higher league table ranking and the potential networking opportunities in Frankfurt, ING could be more advantageous. Consider your long-term goals and which firm aligns better with your career aspirations.

Sources: Advice for London applicants, BB vs EB in London, What to Focus on in London BB and EB Summer Internship Applications?, Looking for advice--second internship, Senior In High School Looking For Advice on College Decision, etc.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

No longer at ING but would recommend their graduate programme if that’s the offer. Good flexibility across 3x 3-4 month rotations and unless it’s changed, you choose essentially any other office globally for one of them.

Retention is far lower than it used to be after 3-4 years as the pay and promotion opportunities are below street.

The bank isn’t well known for its M&A except being “No.1 in the Benelux”, but not under the impression that it holds any more weight than similarly niche claims by Santander, Unicredit etc. You should be aware that deal flow mainly comes from lending clients and that they still work pretty long hours.

However, there’s been some great exits at the analyst/associate level, so could be a decent platform for a few years building some transaction experience. Suggest you reach out to one of the juniors in the team for a chat.

 

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