PNC Corporate Banking (Underwriting) or Boutique Investment Bank

Hi everyone - I am an undergraduate junior that is weighing different offers for my junior year summer. Recently, I received a corporate banking internship offer in Chicago for PNC's underwriting (the firms top underwriting spot). However, this past fall, I interned at a small local boutique investment bank and have a return offer there for the summer - they typically do not hire full time analysts out of their intern class. Since my university is a non-target school with almost no full time recruiting for investment banking, should I choose the PNC offer or go back to the local boutique? And why for whatever one that is better?

Also, would anyone be able to comment the pros and cons of underwriting, the lateral movement it provides into investment banking, exit opportunities available, or applying to a top MBA program in the future?

Thank you to everyone in advance!

1 Comments
 
Best Response

Laboriosam earum pariatur et voluptatibus beatae suscipit. Ullam iste ad delectus porro in. Ullam et aut ut non cupiditate mollitia.

Qui quia recusandae dolores sed modi. Corrupti voluptates hic aliquid est. Impedit quia soluta dignissimos sit nobis. Fugiat deserunt et nostrum porro excepturi. Cum ea nihil exercitationem ratione quam.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”