Capital Markets vs Credit investment analyst Internship

I’ve been fortunate to receive two great offers and would love some advice on making a decision.

- Option 1: A role at a strong brokerage shop (JLL, CBRE, Eastdil) in a major city (NY, LA, SF), working in capital markets.
- Option 2: A role at a private equity shop (around $10B AUM), underwriting middle-market credit deals.

The brokerage shop offers top-tier name recognition, exposure to institutional deals, and a great foundation in capital markets. However, transitioning to the principal side might take more effort.

The PE shop, while smaller and less recognizable, aligns more directly with my long-term goal of principal-side investing, particularly in the middle market. It also offers earlier exposure to underwriting and direct investing experience.

Both are great opportunities, but I’m torn between the prestige and network of the brokerage versus the specialization and alignment of the PE shop.

What would you do in my position? Any insights from those who’ve worked in either space would be hugely appreciated!

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