Summer internship - Qatar

Hi,

I just wanted to know whether it is better for me to go for an offer for a Qatari investment bank (Lesha Bank) or a subsidiary of a bigger firm (JP Morgan or Oliver Wyman) in Doha. I have offers from these and just wondered what would be better for me in terms of securing grad roles for next year whether to work in a firm with a bigger name (JP Morgan) but worse location or a firm (Lesha Bank) that has established itself in the country for EU recruitment for grad roles since I am able to work there in the summer. Ultimately I think it comes down to brand name vs actual experiences in the firm (with Lesha probably doing bigger deals in Qatar than JP)

2 Comments
 

When deciding between these offers, here are the key factors to consider based on the most helpful WSO content:

1. Brand Name vs. Local Expertise

  • JP Morgan or Oliver Wyman: These are globally recognized names that carry significant weight on your resume, especially if you're targeting roles in Europe or other international markets. Even if the location (Doha) isn't ideal, the brand name can open doors for graduate roles in the future.
  • Lesha Bank: While it may not have the same global prestige, it is likely more entrenched in the Qatari market and could provide exposure to larger, region-specific deals. This could be advantageous if you're planning to build a career in the Middle East or leverage regional expertise.

2. Exit Opportunities

  • JP Morgan: Interning at a global powerhouse like JP Morgan can provide better exit opportunities, especially if you're aiming for roles in Europe or the U.S. The structured internship program and networking opportunities are also likely to be more robust.
  • Lesha Bank: If Lesha Bank is involved in significant deals in Qatar, it could offer hands-on experience and a chance to stand out in a smaller team. However, the exit opportunities might be more regionally focused unless you can effectively market your experience.

3. Networking and Graduate Roles

  • At JP Morgan or Oliver Wyman, you'll likely have access to a broader alumni network and structured pathways to graduate roles. These firms often prioritize their interns for full-time positions.
  • Lesha Bank might not have the same structured graduate recruitment pipeline, but if you're targeting EU roles, you should assess whether Lesha has a track record of placing candidates in Europe.

4. Long-Term Career Goals

  • If your goal is to work in Europe or other global financial hubs, the brand name of JP Morgan or Oliver Wyman will likely carry more weight.
  • If you're considering a career in the Middle East or want to gain deep regional expertise, Lesha Bank could be a better fit.

5. Practical Considerations

  • Work Environment: Smaller firms like Lesha Bank might offer more responsibility and exposure to deals, while larger firms like JP Morgan might have more structured training but less direct involvement in high-impact work.
  • Location: Consider the lifestyle and professional opportunities in Doha. If you're comfortable with the location, it could be a great stepping stone.

Recommendation:

If your ultimate goal is to secure a graduate role in Europe or a global financial hub, JP Morgan or Oliver Wyman would likely be the better choice due to their brand recognition and structured pathways. However, if you're passionate about the Middle East market and want to gain significant deal experience, Lesha Bank could provide a unique edge.

Make sure to weigh the long-term benefits of the brand name against the immediate experience you'll gain. Good luck!

Sources: Intro to Investment Banking, What offers would you take over a BB S&T?, JP Morgan Global Finance & Business Management Intern vs Goldman Ops, https://www.wallstreetoasis.com/forum/investment-banking/investment-banking-in-the-uk-an-overview?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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