Internship: Small hedge fund vs Big 4 Accounting
Hey guys,
First time poster here looking for some advice.
I am a senior at a non-target, very high GPA (3.95/4.0) with no prior investment banking experience. As a student athlete Ive always been very busy, especially during the summer when I spend my time training.
I was able to network and got myself two internships for this summer after I graduate. I hope to leverage one of these internships to make me more marketable and land a full time position as a SA in an IBD during recruitment in the fall.
The first is a very small hedge fund, around 120M AUM. It is a very small office with a very relaxed atmosphere. I won't be doing much valuation modelling or excel work. Most of my time I will be working very closely with the 6 guys that work in the office. Ill get to learn how a hedge fund operates (how they generate investment ideas, where some deals come from etc.) I will also get experience using Bloomberg terminal.
My Big4 Internship will mostly be audit, however, I might get the opportunity to get some transaction advisory experience. Additionally, the Big4 might be more prestigious on my resume.
Any advice would be great.
Cheers
At the fund you'll be in contact with more guys on the sell side than in Big 4 = better networking.
Hedge fund = Higher risk = Higher potential return. Be careful with a "fund" that size (sure its not just vanilla AM?). Google the employees and see if you can get an idea of how connected they are.
Big4 puts you on a different track than IBD. You can try and transition over after a MBA but that's still difficult.
Thanks for the quick responses.
Finding information on the employees has been a bit of a challenge, and as a result, it has been one of my major concerns. I have used FINRA, however, I still can't find a lot of information. The hedge fund is not located in a major money center. I know that one of the employees did some work at IKONA capital (a private asset management firm located in NY and HK).
With a big4 internship on my resume will my chances landing an SA position in IB be slim? I will be doing most of my interviews in Canada - Where I am quite well connected. However, as a dual citizen I am pursuing opportunities in the US as well.
Thanks
^Use linkedin?
+1 for the Hedge Fund
If it's a legit fund - even on the small side, go HF. Big 4 will always be there. I hear auditing blows anyway.
Fund, for sure, even though it is small.
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