What sophomore summer internship looks better to an Investment Bank
I'm currently a sophomore coming from a semi-target recruiting for IB SA 2023 positions. I have two offers for summer 2022 positions and am looking for feedback on what looks better in the eyes of an investment bank.
Offer 1: 90-person investment banking firm in NYC, position would be as an investment banking summer analyst
Offer 2: Back office (business management intern) at LMM Investment Bank, would work somewhat with the COO of IB at the bank.
Offer 1 would be a great learning experience, while offer 2 would be an okay learning experience, but would add this bank's brand name to my resume (they are well known). If anyone in the industry has any insight as to how each would be regarded by banks as I search for SA positions for junior summer, I'd greatly appreciate it.
Offer 1 hands down. The work is relevant and a huge step up.
Id take the second offer - ppl care about the name brand a lot more than u think, at least subconsciously. I heard ppl think highly of passing the interview process at a reputable firm.
I've heard the same thing and am leaning this way. I was hoping someone who has been on the bank's side of recruiting would pitch in and confirm or deny.
Would push back against this. Would you take risk at a BB over FO at a boutique, if your goal next summer is to land FO somewhere? Yes, brand matters, but so does being able to talk about how relevant the work you did is to the role. The deals I worked at a small boutique completely blew the kids who did BS programs at large firms freshman/sophomore summer outta the water. Not to mention it was fun AF doing real deal work rather than BO work at some huge firm. Take offer 1 dude.
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