Internship decision: Wells Fargo Equity S&T vs. Top Macro Hedge Fund

So I currently have two internship offers pending:

1) Wells Fargo equity S&T in NYC
2) Top macro hedge fund in NYC (think one of the all-time great macro investors' hedge fund)

Both pay around the same amount

I'm torn because the WFS internship is more structured, would give me great training, and would more likely than not lead to a full-time job offer in an area of WFS that is going to be expanding in the next 10 years.

However, the HF internship is at a top HFs which is exciting, but there would not be a job offer at the end of the summer, and the alumni from my undergrad school that helped to get me the position would probably be pretty disappointed if I didn't accept (not to the point where he would be mad at me, but still).

Thoughts, opinions, ideas?

5 Comments
 

I guess I don't see it as cut and dry as that. The selling point from WF was that because they are revamping their S&T program, if I work hard then I could be a VP in 5-6 years, and director by thirty (my school's alumni that work there being living proof of that).

With the HF gig, it would be pretty unstructured and would look better on paper than what I would really get out of it in real life.

Maybe I'm biased towards WF, but idk.

 

Sed similique amet suscipit. Consequatur est voluptas maiores. Similique neque quia accusamus eum voluptates.

Illo alias labore nostrum ut et voluptas minus. Omnis quasi tempora et.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”