Which internship do I accept?
I am an undergraduate about to finish my first year. My aim is to get onto a BB analyst programme before I start my penultimate year of uni. I have been offered a back/middle office internship this summer in BlackRock's operations sector dealing with risk etc. However, I have also been offered a summer internship with a Fixed income boutique trading firm as an Analyst. Do you think it is worth accepting the BlackRock role or FI role? I am worried the former will give the appearance that all I could get for summer was a back office role and thus harming my cv? However, the brand name of BlackRock is strong. Any advice on what to take?
Any questions please ask. Cheers.
What will your responsibilities be with the FI boutique trading firm?
My title is Junior Fixed Income trader - I've been told mainly coming up with trade ideas and working on other related projects such as market analysis.
That sounds like an excellent role- you probably can leverage that into a FI S&T role at BBs
As many people in these forums have repeated, always go for job function over brand name. You can always aim to get into BlackRock later but if you put yourself into the back office, it's hard to get out of it. Go with the boutique.
Thank you for the advice - 90% of the people I have spoken to have said the same.
My instinct is to steer you toward the junior analyst role at the FI shop because it sounds like a better gig but there are a few variables in play here. The most important one, I believe, is that you're about to finish your freshman year. This leaves you with two more summers to get where you want to be.
Some questions to think about; Do you believe you can leverage the name brand of BlackRock into a position that is more relative to what you'd like to after undergrad at a larger firm? Would you rather go ahead and try on the fixed income suit to see how she fits? Are you interested in risk mgmt or does the name BlackRock simply have a nice ring to it?
I actually didn't realize that he's a freshman. monkeyfanboycheesehead I might actually listen to greenspan here. The fact you got these offers as a freshman is awesome and you'll be able to leverage either to get future internships in basically any area of finance. Freshman internship is mostly about showing interest. BlackRock will definitely look great on a resume for future internships and full time employment. Worry about function later if you're only a freshman.
Thank you! The overriding opinion seems to be both roles are good for a freshman and both could be used as leverage. In this case, I think I would choose the FI role as it simply interests me more.
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