Legg Mason Capital Management

I am currently pursuing a research internship with LMCM with the hope of entering IB next summer. Is there any skill overlap between asset management and IB?

Duties include: - Researching various companies/industries/sectors - Using statistical techniques to assess the accuracy and helpfulness of large pools of data - Using common quantitative metrics and tools to measure various business metrics for investment cases - Writing, editing and producing several daily and weekly written pieces. Writing must be crisp, sharp, and to the point - Some administrative work; possibly reconciling transactions, telephone support, hodgepodge, etc... Nothing crazy at all, normal 40 hr wks

So my questions are as follows:

  1. What is LMCM or Legg Mason's overall reputation? (have a general idea, would like more opinions)
  2. How would skills in an AM internship translate over to an IB internship?
  3. For those with experience, what is the nature of the intern work? Is it substantial or mostly administrative?

Thanks

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