Internship choice: 2nd tier Canadian bank IBD vs Jefferies S&T --> for a long term goal in PE

Hi, I would appreciate some advice on my internship choices. I have a long term goal to get into PE. Both of the offers I received are Hong Kong based: 1: 2nd tier Canadian bank's IBD 2: Jefferies S&T

From what I understand and research, Ive learnt that the Canadian bank's ibd unit has close to zero deal exposure considering it has a small branch here, but great team culture and an investment banking experience. Meanwhile, Jefferies' name value and pay is a lot higher, but decreases my chances into getting into PE in the long run. I do have one more summer left and would appreciate any advice/opinions! Thank you.

5 Comments
 
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what year are you, sophomore or junior? I would say this dilemma only exists if you are in your sophomore year, if you are a junior, you should take the Canadian IBD and try network for lateralling to full-time. If you are still a sophomore, the choice is more up to you, but neither sophomore nor junior internships should affect PE recruiting unless you are looking for PE out of undergrad.

 

I am looking to recruit for PE out of undergrad. and hence deciding... I know that moving from S&T to PE is a needle in a haystack, but I want to ask if an IBD summer experience with zero deal experience would be advantageous? Or maybe I can ask people at the bank about some potential deal flows to help with the decision?

 

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