Which offer to take?
Hey guys, so I’m a freshmen at a semi-target school (think Notre Dame, Emory, Vanderbilt, USC) hoping to land a IBD SA at a BB or MM by my junior year. Even though a decent handful of banks do actively recruit at my school, I feel that I do not have the same opportunities as students at classic targets, so I feel compelled to start early with internships. I invested a lot of my free time this past year cold calling for summer intern openings at WM/IM/AM firms (turned out to be a lot more difficult than I imagined) and was able to land a few offers. Right now I’m choosing between 3 options:
-Merrill Lynch Summer Intern (unpaid)
-RBC Wealth Management Summer Intern (unpaid)
-Boutique Investment Management Firm Summer Intern ($500mm AUM; $10/hr salary)
I know that what you do during your freshman summer is pretty extraneous for the most part. However I think it could be a good resume builder especially when I don't have anything else except for working in retail. Which of the choices do you think would be a good way to spend the summer? Right now I’m kind of leaning towards the Botique given the paid salary, but I feel that having a brand name firm (ML or RBC) on my resume could be more beneficial in the relative long run.
The commute to each office is about the same (20 mins). 4-5 days per week, 10 week long each.
Thanks in advance!
Take the Paid one any day of the week. Doesn't really matter at that level anyway. If your going to go brand name, do RBC. Everyoen does ML, no one gets into RBC really
Boutique, rbc, merrill in that order. I just think you'll probably get a better experience at the boutique, plus its paid (will honestly make it much better).
Boutique one
Thanks for the feedback guys. I personally also think that turning down any paid freshman internship, let alone a finance one, is pretty hard. Is name brand for a first year PWM internship pretty negligible?
I would take paid easily. The job sounds relevant, and you get $$$
Boutique > RBC > ML (everyone and their mothers have worked there)
"ML (everyone and their mothers have worked there)" Hahahahaa. This is so fucking true!!!
Do anything, but don't do ML.
You can do Merrill part-time during the school year. Take the boutique.
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