Point72 versus boutique IB for sophomore year internship
I'm a sophomore at U-M, and last summer I worked at Point72 in the front office doing research for one of the groups there. I had a great experience and really like the team. However, my goal is to land a BB internship my junior year. I'm wondering: If investment banking is my goal, would I be best off working at a boutique bank this summer, or returning to Point72 at the same position? Assuming that a boutique bank would have little name recognition?
Sophomore-year internships don't have to be in banking; anything finance-related is generally enough to get your resume looked at it in most bulge brackets. In this case, Point72 is a strong enough brand name that I'd recommend you stay there, instead of moving to some no-name boutique that's only marginally more relevant to your end goal.
Don't fuck up this decision. If you do, you won't get your BB internship, won't get a job in banking, probably go into big 4 accounting, will have to get your MBA from an SEC school, will go into a F500 leadership program but flame out midway through, marry someone who is a 7.5 at best, have a nice house in a decent suburb but which has only OK schools which your kids will be forced to attend. On the upside, you'll have enough free time that you can be a sub-10 handicap, BUT it'll be a at crummy club which at best occasionally hosts Web.com Tour events. No pressure.
You're in a tough place.
If you don't go back looks like you got the internship luckily or they didn't offer you back.
If you stay, it will be hard to get into banking because buyside is where most of the guys are clamoring to be.
I don't know why TF you would want to go to banking. It sucks.
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