How are family office internships percieved?
Specifically for sophomore summer, does interning at a relatively unknown family office with no online presence put someone at a disadvantage compared to more traditional internships? (Also the fact that interviewers may assume that I got the position through nepotism which isn't true) Assuming that there will be quality work experience to speak to in interviews and to put as bullet points on their resume. Family office does equities, FI, real/alternative assets.
Would appreciate any advice as I'm trying to decide on offers
Bumping
Based on the most helpful WSO content, interning at a family office, even if it's relatively unknown, can still provide valuable experience. However, there are a few things to consider:
The CIO's background: This can give you an idea of the kind of leadership and mentorship you might expect.
The investment committee structure: This can impact the kind of exposure and learning opportunities you might have.
Family involvement: If family members are heavily involved, it might influence the office dynamics and your experience.
Your current skill level: If you're still learning the ropes, a more structured environment might be beneficial. On the other hand, if you're ready to stretch your wings, a family office could provide that opportunity.
Remember, it's not just about the name of the firm but the experience you gain. If you can demonstrate that you've gained relevant skills and experience, it can still be a valuable stepping stone in your career. However, perception of nepotism can be a concern, so it's important to be able to articulate the value of your experience and the skills you've gained during your time there.
As for your sophomore summer, getting an internship in finance can be a huge leg up. It can lead to better projects as a junior, and eventually, analyst. So, weigh your options carefully and choose the one that aligns best with your career goals. Remember, the world (of finance) is your oyster!
Sources: Family Office Private Equity, What do sophomores usually do for internships?, Allen & Co. - An In-Depth Review
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