Hey all-
Just to give you an idea of background.
Top 30 state school, non target (only 4 solid MM's came here to recruit, and we're a big school).
3.4 GPA, Accounting and Finance double major.
Parents will fund MS in Finance if I get into a decent (NOTE: I am not implying Princeton/MIT, Rochester/Illinois/GW are the only schools I am considering).
So as many of you may know, I would like to work in IB/ER pre-MBA (longer term goal is corp development post MBA). Basically looking to get into any MM- prefer not to work in a boutique just because i'd like the larger firm culture in my younger years.
As of now, I have secured a F500 Corp Finance internship at a decent firm and will getting paid well. Also, I have spoken to many people at the firm/who have been at the firm and they assure me the hours are pretty solid, no more then 45 a week. (Am also waiting after a second round for a F50 firm for Corp Finance).
Now- with this upcoming PE internship I have (I'm a senior, the internship starts in my last semester), I will work 20 hrs a week my last semester, office is walking distance from where I live and I can do allot of the work from home. The partner also told me me I would be able to work 20-30 hours post graduation. Given that my F500 offer hours are only around 40-45 max (hopefully doesn't change from what I've been told), I would def be able to work at the F500 firm and continue the PE internship as well.
The question I have for you is-will this PT internship position me well for Fall 2010 recruiting/lateral recruiting? Should I exclude the F500 on my resume at this time? Or should I simply pursue an MS and try and wiggle into ER (easier to go MSF-ER then MSF-IB at the schools I'm looking at).
Thanks for reading this long post guys, and your input is appreciated.
Any F500 firm that would let you work for a PE firm at the same time is probably not worth working at, and vice versa. Leaving a F500 off a resume is not really an option, as it will come up on a background check.
ahh, got it.
Well, I would'nt be "working," I would still be an intern, unpaid.
Just a few thoughts
The MSF degrees will usually lead to quant trading positions, not banking. I am sure this is not the case for all of them but certainly on average. Also it is uncommon to get a MSF degree and a MBA. It's been done, but it's the exception to the rule.
Also, I agree with the prior post that working a FT job and doing an internship will not work. I do not know any corporate job anywhere that requires only 45 hours a week. If you have deadlines coming up, then expect to work late.
Best realistic plan --> do a great job @ the PE shop this spring and get some contacts --> work 3 years at the F500 job --> after that period try to shoot for an top-15 MBA somewhere
Take some courses this Spring to get the GPA up to a 3.50 (this is critical for MBA or later recruitment)
Thanks for the thoughts.
The MSF is not a Financial Engineering or math rigourous masters program, those are programs such as Tepper's Masters in Computational Finance. I am applying to Master's of Science-Finance degree programs-also spoke to those schools career centers and believe I can land ER/IB out of them. If I get my MSF, I don't plan on getting an MBA> i would hopefully get into IB/ER and then make a shift to Corp Development (I'll try PE w/out the MBA, but that's down the road).
Just wondering, why do you want to do IB in general ?
I wanna do IB/ER because I'm interested in modeling, i like following markets, and the idea of working with smart people who have similar interests intrigues me, among others.
^lol please don't say that. that sums up 80% of the vague, banal answers that analysts give in interviews.
Interested in modeling = Corporate Finance Following markets = ECM / DCM Working with smart people = any job you want it to be
lol - you just described about 20+ different jobs I can think of ... figure out what you want first
isn't the modeling in corp finance different? thats not the answer i'd give in an interview.
sick man! thanks!
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