S&P Ratings Services Analytics/Research Internship
Im currently a sophomore and this summer I got a S&P Ratings Services Analytics/Research Internship
My plan is to secure a BB Investment banking internship for my Junior year summer. Would this internship benefit?
Some of my other options include:
BNY Mellon: Depository Receipts
Ayco, a Goldman Sachs Company: Intern Level 2–Investment Services Group
Northwestern Mutual: Financial Representative
Boutique Firm: Unpaid internship at a small boutique firm (Private-equity, and mergers and acquisitions)
UTC Aerospace Systems: Co-op Operations Research/Supply Chain Management
Cheers
I feel that the ADR internship at BNY Mellon may be worth considering because it is a securities issuance type job that is perhaps more relevant to banking than credit ratings.
Thank you BigMoney. But wouldn't Ayco PWM and the boutique offer even more relevant experience? Why should I pick BNY Mellon DR? Do they carry a big name in the Street?
I'm not an expert but I think that the BNY internship is kind of like equity capital markets and BNY does have a decent rep that may be more useful than the slightly better experience you get at a boutique.
Thank you BIgMoney.
Do you know what group you'll be in at S&P?
Also, the provide some more info on the boutique PE shop.
To me, those look like your best two options, but need to know more.
I will be working on S&P Corporate Bond Ratings. I am not sure which industry I am going to be assigned, but I expressed an interest on the TMT group and they thought it would be a great fit for me.
I am not really sure what type of work I am going to be doing at the boutique. I got that offer from cold calling and they took me in because they said they wouldn't mind help. I am still trying to get a hold of a past intern to see if I am going to be doing much more productive work than just filling papers.
Also tan86, what do you think about the BNY Mellon offer? Do you agree with BigMoney?
If you want to do corporate investment banking, S&P and the boutique sound the most relevant. The BNY internship sounds middle office-ish.
The major pros about S&P are they are a very well known firm and you will become familiar with corporate financial statements - how to read them, analyze them and ultimately access credit risk. The cons arethat you are not doing transaction work and some people look down on rating agencies.
The majors pro about the PE boutique are will be doing corporate transaction work and it is easy to tell your "why IBD" story. The major cons are the shop night not be well known and the program will likely be unstructured.
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