Sophomore Apollo or Boutique

I'm a sophomore at Baruch College, I applied for a few BBs through OCR for IBD and IMD. If these don't pan out, I may have a chance of getting an internship at Apollo management in the accounting department. Would that be a good sophomore internship? or would a boutique IB be better? There's also the option of keeping my current job as an equity research intern at a fund. What's the best path to take for a BB SA position in IBD next year? Thanks!

4 Comments
 
Best Response

Anything in FO is better than a BO internship - even at a prestigious shop. Think of it from the recruiter's point of view: "Here's one candidate that maybe did some pitching and modelling in a no-name shop. Here's another candidate that entered invoices and did bank reconciliation at Apollo."

Believe me... fund accounting isn't complicated - doesn't matter if you're at a one-man accounting shop or Fidelity. Relevant experience > name.

That said, a research associate stint isn't bad at all, especially if you're getting good industry knowledge and some modelling (or at least updating of models) out of it. ER vs. IB boutique is a much more interesting dilemma. Hard to advise without more info though.

 
SovjetAnything in FO is better than a BO internship - even at a prestigious shop. Think of it from the recruiter's point of view: "Here's one candidate that maybe did some pitching and modelling in a no-name shop. Here's another candidate that entered invoices and did bank reconciliation at Apollo."

Believe me... fund accounting isn't complicated - doesn't matter if you're at a one-man accounting shop or Fidelity. Relevant experience > name.

That said, a research associate stint isn't bad at all, especially if you're getting good industry knowledge and some modelling (or at least updating of models) out of it. ER vs. IB boutique is a much more interesting dilemma. Hard to advise without more info though.

I thought they care about names rather than experience. At my ER job I definitely get good industry knowledge, I do extensive research on a number of industries and create a few models. I also get to speak to company management (usually sub $1B companies) to get a better idea of their industry. I will have a year experience with this Job by the summer

 

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