Which of these Internships should I take?
I very recently became interested in IB and have begun e-mailing and LinkedIn messaging MDs to try and get some face-time.
But meanwhile, I go to a non-target in Chicago and applied to internships available on my school's website. Which of the following would likely best serve me in getting an IB internship?
1. Jackson National Asset Management: Mutual Fund Operations Intern
2. Turtle Wax corporate finance Intern
3. Kannon Consulting "Assistant to the President"
Looks like a marketing-esque boutique consulting firm.
4. Assistant to a New York Life insurance agent. This one's unpaid and only 10 hours per week, but she's an alumni and says that she goes to a lot of networking events and would give me a chance to meet good people. She didn't really elaborate, but it can't hurt to give this a try regardless because it's so few hours that I can do it alongside another internship.
5. Blackmore Partners, PE Intern. This one's kind of a joke, but they extended me an offer after I applied without looking into the firm, so here it is.
Thanks for any advice,
I would go for Blackmore Partners, PE Intern even though it's a firm I've never heard of. I just looked them up.
FUCK NO. Come on Beny, at least look up the name. Blackmore would actually hurt you if you put it on your resume.
Total scam.
Please look up Blackmore before doing anything with them. I found out a ton of info about the shit they do and I've heard HORROR stories. Maybe the networking is strong enough to outweigh the shit work you're doing but nothing is of financial relevance.
http://www.wallstreetoasis.com/forums/blackmore-partners-chicago
It isn't. It's shit and I wouldn't work there out of principal even if I got no other offers. I was just listing all offers on the table. I guess I should have left it out since I'm not doing it. Just giving you guys an idea of what I'm working with, I guess.
They're being taken down from my school's site soon.
There was a thread regarding Blackmore Partners a while back. Take a look.
//www.wallstreetoasis.com/forums/blackmore-partners-chicago
None of the above are ideal, but I'd go with Turtle Wax. Sounds like the only one that is even tangentially relatable. Jackson is a solid insurer, but that's a MO/BO type gig.
So you'd take corporate finance over an actual investment company? What's the reasoning behind this?
Read what I put:
"I'd go with Turtle Wax. Sounds like the only one that is even tangentially relatable. Jackson is a solid insurer, but that's a MO/BO type gig."
Essentially at Turtle Wax, you have a job that will incorporate financial statements and involve some type of modeling, even if rudimentary. You'll likely have to make some assumptions.
If you take a BO/MO job at Jackson, you may not learn anything that you could bring to an IB interview. The work may or may not be more interesting, but corp fin is more similar to IB than fund ops.
Guys, forget Blackmore please. I'm not going with them. Just giving you an idea of what I'm looking at.
Which of the others would be best to transition to IB?
For the same reasons that peinvestor2012 listed, I would go with Turtle Wax corp fin. A MO/BO role at Jackson will help you very little if at all getting into IB. Any way you could do the New York Life agent gig in addition to one of the other internships?
That's what I plan on doing.
Also, I got another interview, but I'd need to reschedule to take it and I'm not even sure whether I should. Here's the e-mail I got after they called me:
Ausecure.com | Product Management - Precious Metals | Round 1 This is a very Informal interview with respect to overall career outlook and detail overview of available positions within the organization. Please be prepared respond to critical questions based on your learning experience and overall organizational outlook.
All of our placements are based in our Head Office in the heart of the Greater Chicago Area (1/3 city block north of the UIC/Halsted Blue Line | UIC/West Loop/Greek Town)
We're looking for smart people who are eager to create and manage new and exciting ways to direct clients to precious metals investment and hard asset allocation through technology.
Ausecure relies on instant application on a dynamic work stream. We expect everyone on our team to base every decision on innovation and usability. So be prepared to think outside the box.
The star-up mentality:
Energy and passion Creativity and Innovation Motivated to drive own success and achieve individual objectives Flexible working style Ability to build strong working relationships Commercial awareness Customer Insight The internship will be a reflective of collaborative team effort on building new protocols for fulfillment and incoming order management.I hate gold as an investment and strongly disagree with its price. I want nothing to do with it.
This guy can't even spell.
Looks like some no-name start up and I can't even figure out what they do.
What say you?
Also, I have a phone interview with Jackson National Asset Management today.
What do you think they will be asking and what should I read, as far as technicals go?
Why Jackson? Because they contacted me and are a reputable company.
Why mutual funds? Because it's finance and my options are limited.
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