MS IBD or Financial Engineering?

Wondering what the pros and cons are of a sophomore summer at Morgan Stanley in either IBD or Financial Engineering? I'm interested more in IBD but I'm a fan of the quant and product structuring work FE does. Does anyone know what the hours and lifestyle would be like in FE compared to IBD? Assuming for IBD a top group, i.e. M&A, Tech, etc.

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My .02: Even if you're interested in financial engineering you should take the IBD sophmore internship. You will automatically be an extremely strong candidate for any future position. That kind of experience on your resume as a sophmore is killer.

 

Though I think IBD is closer to the path I want to be on, I see FE as more of a value-add in terms of quantitative rigor and rarity. While MS M&A and Tech, for example, consistently have sophomore summers, FE is a bit more off the beaten path. And if I'm going to end up doing IBD junior summer, wouldn't it be more valuable to try out something like FE instead of doing similar things two summers in a row? I guess the real question is, which is more valuable down the road: the prestige/"in" factor of already being in MS IBD sophomore summer, or the quant rigor and relative rarity of MS FE?

 
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