which do I choose?

Hi everyone,

I'm currently in a dilemma over which internship to choose. I am a rising junior and hoping to get an IBD SA next summer at BB or large boutique.

Option 1 - small m&a advisory firm: here I would get exposure to recasting financials, writing pitch books, and marketing deals. My only concern is that I'm unsure of the difference between m&a advisory and investment banking, and don't know if this will help me land a IBD gig next summer.

Option 2 - very small "boutique" investment bank: here I would work with the m&a director in researching potential buyers while also work with the director of capital. My concern, first off, is size (2-4 people). Secondly, my responsibilities are not as defined and I may be doing more bitch work than I would like.

Which do you think would be the best option?

 

I would go after option 1. I think the difference in the first line (M&A Advisor vs Boutique IB) will be more than offset by the quality of the experience bullets that follow. Plus, you'll actually be better equipped to speak to the sorts of experience and technical questions that they will expect you to nail in interviews following either experience. And this is for sophomore summer - so you're relatively ahead of the curve.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

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