MM PE vs Mercer vs A&M Sophomore summer internship

Hi everyone,

I have 3 offers for a sophomore internship that I am debating on. As background, I want to recruit for both IB and consulting, so I’m looking for an internship that sort of overlaps between the two industries. I am looking for the internship that will best set me up for junior year recruiting for IB and consulting.

MM PE:
Pros
- interesting work
- both consulting and ib related
- best pay
Cons
- smaller name (2.7 bil in assets idk if that’s good or not)
- In NY (I like NY but all my friends are going to Chicago so I wanted to work there but it’s not that important)

Mercer:
Pros
- decently big name in consulting
- in Chicago
- also somewhat interesting work
Cons
- HR consulting idk if that looks good for IB
- Worst pay (still good so not that big of a deal)

A&M
Pros
- big name in consulting and IB with restructuring
- probably the most interesting work
- decent pay
Cons
- working remote
- not sure if I will get involved with the project as much as an intern
- does it overlap with IB enough?

Sorry for the long post but I’d appreciate any insight on anything!

 

These are pretty diverse opportunities, I would recommend you do whatever seems most interesting for you. Sophomore summer is a great time to try something out that you think may be interesting.

If you are hellbent on making sure you look good for IB/consulting recruiting I would take A&M or MM PE. If you want to do restructuring IB or consulting then definitely A&M. if you think you want to exit IB to PE, MM PE will be a great way to get into the industry and PE work is very similar to banking on a junior level.

The best advice I can give is to talk with whoever is leading the internship program at each firm and find out what kind of work you will be doing at each, then pick the internship with the most interesting/relevant work. Look for which internship looks like it will have the least busy work.

 

Quia et iste non molestiae voluptatem corrupti. Id nihil sunt tenetur vero eum inventore iure nulla.

Aut illum architecto et aut in quia qui. Dolorem delectus deserunt est maxime quia. Quo quasi error dicta officiis qui autem hic.

Ea dolores et temporibus. Qui a porro qui neque ut consequatur excepturi. Ullam voluptas officiis sapiente officia.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”