UniCredit FIG (Munich) vs MS ECM (London) - both are SA
Title says it all.
My goal is to land an IBD internship (summer or offcycle) at a top BB/elite boutique next year and hopefully a FT offer after that.
I'd like to spend at least 2-3 years in investment banking (m&a or other strong group), and I am keeping my mind open to different opportunities after that (HF, PE, etc.).
Keep in mind that I already have strong profile (BB FO internships and solid school, unorthodox background etc.), so brand should not be too strong factor here.
Many thanks
To me this seems like a no brainer...
Just go with MS ECM. It is in London and it is MS. Btw, Unicredit FIG do M&A?!? There you will probably work a lot on capital increases and debt issues.
Also, a friend of mine who interned at MS last summer told me that they don't recruit their interns on a "team" basis but, once they have selected the people to hire from the whole interns pool, they will assign each one to a team later one. If this is true (the guy will start there next summer and he is not going back to his original team) you will have a decent chance to land a non ECM-DCM role later on. Also consider that if you do well during this summer but you still have 2 years at school, they will probably offer you to return the following summer.
Finally, you will have a much stronger CV for future application with MS ECM in London than UCG FIG in Frankfurt.
Thanks for great responses!
MS looked like a better choice to me as well. But from reading these forums, I always thought that GCM/ECM/DCM/CB etc. is really looked down upon by bankers/traders.
Also, given my profile, do you have any opinion how would internship at McKinsey or Bain in Switzerland position me towards next years? I don't have an offer and this is hypothetical, but I still have enough some time to answer to MS and I have very good contacts in consulting, at Bain especially. Would it stand out more? I know that it might looks greedy at this point, but competition is fierce for IBD and I don't go to top UK school or have much network there. I rarely even get interviews although I have good profile, know how to write nice CV and cover letters etc.
Most of the posters on this site are still in hs/college, and all they "know" from friends/sources is that GS TMT M&A is the best and everything else has absolutely no exit opps.
MS branding will be amazing for you during FT recruiting/early career - don't let a silly group be a dealbreaker. Remember that not everyone gets their preferred group (aka M&A, LevFin, or TMT) during sellday - it's about how you network/sell yourself as well.
again great responses, thanks for help guys :)
Agree with cruel3a. This early in your career brand is very important for you to market yourself, and both would be great internships, but MS has the better name.
Perferendis nobis est ipsum. Modi facere sit repellat. Molestiae molestias aut velit ipsam vero corrupti sed. Aut nisi id itaque exercitationem rem et. Praesentium ea doloremque velit dicta modi nemo.
Recusandae quos eaque et dolor delectus. Repellat earum et quo est. Sed explicabo saepe id itaque. Iusto velit incidunt beatae quis. Qui quia voluptas ipsum iusto ducimus minima. Sed asperiores id nemo animi.
Sunt rem harum dolores saepe. Nesciunt quia soluta consequatur provident deserunt omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...