Hello everyone,
So recent months have not been good to me in my hunt for a summer analyst position. I'm from a small school with little in the way of networking opportunities. However, I've had a little luck in some other areas. With this in mind, I'm focusing now on the up coming fall recruitment season for full time analysts. I have the opportunity this summer to work at S&P in ABS Structured Finance intern, or at Brown Brothers Harriman as an Internal audit intern. Both have pros and cons, however BBH has the networking aspect I am most interested in. Any advice as to which internship would offer the best opportunities for getting recruited this next fall?
Thank you fellow monkeys
S&P ABS will give you 100x relevant skills for banking if thats what you want to do. If im not mistaken it is also a FO position which makes a huge difference in your experience. if this position is in NY you should have no problem networking with other firms.
BBH - what do you mean by networking? they have a very small specialized investment banking group and not really all that great in the space. the guys there are cunts, very weird culture. Its great for PWM orr S&T though.
about BBH, that is what I've heard. Very old Ivy leaguers and kind of arcane. However I felt that BBh would be great for perhaps networking into other banks thru the BBH managers who are perhaps more established in the IB community than the S&P folks. I really don't know much about either though, just going off of what I've heard.
The main interest to me about BBH is their M&A division and the possibility of an offer or I guess lateral recruitment into that division as an analyst. However, thanks. I'll def take S&P into more consideration. It's just a strange place since I haven't really heard much about it.
S&P job, dude. Are you serious? Internal audit is deep in the back office.
I know it is shit, I'm thinking purely about networking and lateralling. Might not be easy, but I am optimistic. But on that note I guess I'll be going for S&P.
Another vote for S&P - you're not going to be able to effectively network with the appropriate people in internal audit (I will also note that internal auditors are generally not well received by FO). I would also think that S&P would be an excellent networking opportunity - your clients are the bankers, not to mention that the skills you learn are directly transferable to banking.
I'm not completely sure if I get to be in touch with any bankers. Correct me if I'm wrong, however, many of the clients to their ABS division (well this is how the recruiter explained it), were auto makers. The position is actually in auto related ABS, and my job would be to help analysts with preparing RAMPs (a presentation to S&P board of the integrity of ratings on auto industry ABS). This is most likely still relevant and I can definitely see why the Auditors might not be everyone's favorite people. Cheers
Do the S&P job. Junior analysts jump over to the banks they cover all the time, especially with ABS. I can say fairly confidently that your average low-level Moody's or S&P ABS credit analyst has significantly better technical skills than a first year at a BB Structured Finance group. If you do go S&P, do everything in your power to cover Esoteric ABS, and network the shit out of the CS and especially Barclays analysts from the Esoteric group. At Barcap, the Esoteric ABS group gets first pick of the generalist interns - before the M&A, coverage groups, etc.
Thanks. I appreciate the insight. I interviewed with the director of the automotive related ABS. Do you have any knowledge about this group and/or how I could use that specific knowledge to get into an IB position next fall? Thanks a million
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