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In terms of recruiting for banking, wouldn't the middle-market IB role be more relevant? Assuming you're not talking about MFs and large PM HFs in your ranking, I'd think the MM IB would outrank a PE firm of similar size. Also, where would a L/O equities fund fit into your ranking? What about REPE?
Also to OP, 100% do the VC fund. This is a no brainer. The local investment boutique, while definitely a good opportunity, doesn't beat a brand-name VC firm especially if you're doing impactful work. And no recruiter wants a bunch of search funds on a resume – it might even be detrimental so definitely would rule out this option.
This list seems to have been made by a student lol. MM IB is by far the best because it’s giving you direct exposure into IB and what you are directly trying to recruit for. These “PE” internships as freshmen aren’t gonna let you do much other than industry research, which you can do during the year in a search fund internship. I don’t see why “prestige” would matter if you can’t prove your skills.
Went through his history and he's a high school student LMFAO
I did consulting my freshman summer, doing a PE SA gig at a small firm right now, and heading to an EB next summer. Optimizing your resume is important but at the same time focus on exploring your interests — I did consulting my freshman year because I was still on the fence about IB v. consulting and wanted to explore the space. When I networked and interviewed for IB this past semester, not a single bank cared what I’d done my freshman summer. Choosing one internship over the other for your freshman summer won’t make you any more or less likely to get an interview when you eventually recruit for IB.
So don’t worry about “prestige” or “what would look best” — it might matter to an extent — but focus more on what experience you think you’d be able to gain the most out of, especially in terms of soft skills development and getting an overall understanding of how to communicate and function in a corporate setting. This will be most helpful during IB recruiting, and help you come off as polished and well spoken. Good luck.
I am going to UMM PE for my SA role. It doesn’t matter what you do to be honest, but it ideally should be to be related to finance and tangible enough to speak to. I have friends going to EBs (Moelis, Lazard, CVP, Evercore) that did corporate finance, library volunteering, and McKinsey (diversity internship) freshman year. Know your technicals and build a network.
If it were me, I'd go for the VC firm in LA. The experience and network you'll build there, especially with those big names, are invaluable. Plus, sourcing can be a great learning opportunity!
If you do the VC internship you’d learn a lot about sourcing and be an extremely competitive candidate for any VC/GE roles post grad
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