Deleted sorry

Well yes, if you want a junior year internship in NYC you should look for something there now. Also if you want to do IBD or S&T I doubt that doing a PWM internship at MS will set you up to lateral to a new office in IBD or S&T. The only way that it will help you is if you can network internally. Thats just my 2 cents

I would go for internship in New York as it is much better way to network.... and the MS Smith Barney won't help you with MS. They would typically frown on lateral move as you are giving finger to those who work there. Keep in mind you are late for internship in New York, so doing class/internship in Prague certainly will talk well come Junior year and you are looking for internship

MSSB won't help you get MS S&T/IBD. if you insist on going the route youre currently on i'd start networking you can off now so that you have a solid network in place by fall that you can leverage for a summer internship.

You're fine for this summer. Get something in New York or equivalent next year. Your internship won't make you a more likely candidate for a New York non-PWM internship next year.

PWMs are only good for a few things:

-show interest in finance -push shitty jobs/internships off the resume -give you a lead for your story ie: "I'd much rather advise companies rather than individuals on organizing, restructuring, negotiating deals, etc."

You're fine.

I mean at this point I'm basically set on what I'm doing but this was definitely helpful advice. It sounds like while MSSB won't help me get something with MS, doing a class and an internship in Prague along with PWM will at least provide a talking point to get an internship next summer. Most people at my school don't get internships their Sophomore year. Then again, most people at my school don't go on to work at BBs