Any advice on which internship?

I'm trying to decide what to do for my summer internship. I have an offer from Keefe, Bruyette & Woods for a summer analyst and an offer from BlackRock for their PAG. Also, I just interviewed at DB in Global Banking and I am going in for the second round. The deadline for getting back to KBW is quickly approaching and I will not have had my final round at DB yet when I have to give KBW an answer. Any advice on what I should do? If DB doesn't offer me a position, would it be a mistake to go to BlackRock for the summer and gain a better understanding of that side of the industry even if it's likely that I'll still plan on applying for full time banking positions? Also, if I should stick to banking for the summer, should I risk turning down KBW and not getting an offer from DB? Any advice would be appreciated.

 

You should go with KBW, especially since it's for SA. The benefiting from summering at a slightly better bank in no way offsets the chance of screwing yourself out of IBD. Blackrock will likely make it impossible to get back into banking.

Also, I thought the last superday for DB was last friday? When is your final round/are you a non-target?

 
Best Response

I have a somewhat similar dilemma with KBW. Full-time goal (straight out of college) is i-banking, but now I have offers for summer internships with competing deadlines with: 1) KBW I-banking 2) JPM Mid Corporate Banking 3) HSBC Private Banking.

Still waiting on a call from another BB (well... KBW is a boutique, anyway). I was wondering if you had any feedback on which offer to take. or the pros/cons of each -- particularly KBW over JPM or the other way around.

 

Neque eum earum officia odit architecto ullam est quis. Aspernatur doloremque rerum in dolorum quis. Consequatur repellendus explicabo quis qui aut consequuntur sit. Repellat qui optio sapiente ea. Placeat impedit fugiat dolore soluta voluptatum possimus.

Voluptatem voluptas vitae a aut numquam. Impedit neque rerum voluptatem non ut saepe. Animi nobis adipisci omnis.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”