Which offer to accept this summer? MF, HF, or Fed?

I am a current sophomore at a non-target and after a stressful semester prepping for a summer internship, I have been fortunate enough to get a few very intriguing offers:

Mutual fund intern - total assets over $3 billion - opportunity to learn about Asset Management

Small Hedge fund intern - managing $20-50 million - opportunity to learn more about special situations investing & excel skills

Federal Reserve (DC) intern - administrative role, but strong name

If you were in my position, what opportunity would you most likely pursue? If I had to pick an area of finance I am most interested in pursuing I would say private equity or M&A - but still open to all experiences and I want to take the best offer available.

7 Comments
 
Best Response

Mutual fund. A hedge fund of that size isn't going to offer much structure, mentorship, or training, because it's so small. Unless you think that your valuation/write-up/etc skills are solid and you could succeed in a less structured environment, I'd take the MF, because as a sophomore, they probably aren't very strong. If you have specific insight from either the HF or MF that suggests significant buy-in from a senior in terms of training and mentorship, that could change things.

FYI: I interned at a HF 2-4x that size, and it wasn't that great of an experience.

 

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