Okay, just so everyone knows, I am a college student seeking advice from current analysts. I'm a rising junior at a tier 1 top 40 non targer obviously. GPA 3.5-3.6ish and pretty decent past work experience.
I'm currently doing a year round finance internship at General Electric, and while I've learned a fair amount (general company finance), I'm starting to feel that I would prefer to learn more modeling/banking oriented stuff. My goal for next summer is to hopefully land a solid internship at a MM or BB firm in NYC (I'm from NJ in IB or S&T.
My dilemma is, I can leave in November after my first rotation, and try to pursue a fall/spring internship at one of the investment management/buyout firms firms in the area (think Ohio, so far and few in between), or stay at GE until May, when hopefully I will sucesfully have another internship lined up.
My questions to the people currently in the field is, which option to choose. I'm not miserable at GE, but I think it would be beneficial to gain some alternate finance experience. There are a few buyout firms (>500MM, 1Bil) nearby that would probably be feasible options.
Any responses from those who are current analysts would be appreciated,
Thanks
First-hand IB experience is really useful. when to start the experience is just for ur own preference.
GE is a first class organization. Depending on what your career goals are you might want to stick with them, especially if you are in, or can get into their leadership development program when you start full-time... i would recommend that over banking in a heartbeat. At GE you'll have all the chances/tools to run a company sometime in the future... while still have a semblance of a life, and the chance to earn outsize payouts down the road. as a banker, you'll have no life, but earn money more quickly that is, if you don't burn out.
bottomline, if you want to be a leader, go ge, if you want to excel at sales, go ib. some days i wonder why i'm in ib... my overpriced 2 cents.
GE is a first class organization. Depending on what your career goals are you might want to stick with them, especially if you are in, or can get into their leadership development program when you start full-time... i would recommend that over banking in a heartbeat. At GE you'll have all the chances/tools to run a company sometime in the future... while still have a semblance of a life, and the chance to earn outsize payouts down the road. as a banker, you'll have no life, but earn money more quickly that is, if you don't burn out.
bottomline, if you want to be a leader, go ge, if you want to excel at sales, go ib. some days i wonder why i'm in ib... my overpriced 2 cents.
Thanks for the response shoe. I guess my dilemma is that I don't know how interested I am in something like the FMP program. And despite how overated IB may be today, I still think it would be a good experience.
Thanks for the honest response though
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