PE or IB out of college

I will be interning at a reputable PE fund this summer as a sophomore. Not a mega fund like Apollo, Ares, Blackstone etc. but a tier below. The fund has given out FT positions after internships and I would definitely be interested in taking such a position if the opportunity was presented since my ultimate goal is to work in PE. However, being that the traditional route to PE is IB and IB SA 2024 recruiting is coming up, I am trying to figure out what my better route would be…

1- wait till after the internship, which ends in August, to apply to IB SA if I don’t get a return offer 2- apply as the IB SA positions open and accept what I can get

A lot of this question stems from my overarching question, what is better out of college, PE at a UMM fund or IB at a BB?

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