BB PubFin vs Large AM to become Buysider?

Hey guys,

Just wanted some opinions on my internship decision.

To give some background, I'm a junior at a target (Ivy) that is interested in investing. This means I eventually want to end up on buyside, probably at a Credit HF, but I may be open to working at a large AM. Basically, right now, I am trying to decide how to get there. Many people on this forum favor the BB -> HF route over all others; however, I think that I may enjoy starting at a large AM and then seeing what happens.

I worked at a Muni AM last year and therefore I could only get BB Public Finance roles. My best BB PubFin offer is from Barclays Public Finance. On the AM side, I can rejoin the small Muni AM shop in CT, or join AllianceBernstein's FI rotational program.

I know that PubFin is different than CorpFin but I was told that the offer at the end of the summer at Barclays will be a generalist offer and people often join CorpFin M&A teams fulltime. (Or I could jump ship to another bank and say I loved banking but am more interested in Corp side) I can probably get from Barclays M&A to HF but that is contingent on the fact that I can leave PubFin. On the flipside, at AllianceBernstein I can start on buyside but may never get to go to HF and do more interesting work. (In my mind, HF just invest in more interesting strategies than long only; however, there is more stability in an AM role).

Which path is better? I really appreciate any input.

3 Comments
 

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