[Internship: Freshman] What would be better?
Let's say I have great contacts with whom I've been speaking with for a while in two major banks - the first a BB and the second a major European bank.
The first option would result in an internship in IBD over the summer [freshman year]
The second option would result in an internship in Corp. Finance [freshman year]
If I choose one, I have the opportunity to use the contact to gain an internship in my sophomore Second year at the other company.
Since the BB is an IBD gig, would that be better off used in my second year? Or should I use this contact and try to leverage the BB IBD experience to getting another BB IBD internship second year?
[extra information] I'd like to go into IBD in the future, preferably at a BB.
If your goal is IBD, go with the BB no question. Having IBD experience on your resume at such a young age is great. Once you start internship at the BB, you can move from your group freshman year to a group you really want sophomore year or maybe junior year. There is no reason to do corporate finance if your interest is IBD. Doing IBD also sets you up better for finding other internships incase IBD is not for you.
Awesome, thanks. I also may have the opportunity to intern in Structured Finance - how would that match up? It's at top-3 european bank. How would that stack up to a BB IBD internship in freshman year?
Dude, you obviously have your shit together and this shouldn't be a difficult decision. If you want to do Ibanking, you should take the BB gig. Even if it isn't in your preferred area, you will build up some brand equity by working there and having that BB on your resume as a freshman is damn near priceless...
Thanks haha.
Okay cool, let's say I have a contact in PE with whom I can get an internship. My long-run goal is to leverage my M&A experience into PE (if I can't get in straight from undergrad, which I think is fairly likely) - would this serve my interests better? How would it look? It's not a megafund, it's more of a boutique in California. Would the BB brand be better than this PE stint?
Take the BB as you will almost definitely have to do that before PE. Not to mention the fact that a freshman at a PE firm would look weird on a resume unless it was a name brand. If it is a name brand than do whatever the fuck you want because you are obviously connected enough to work at walmart this summer and still get a job
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