Help! SA offer decisions
Hi all,
Been lurking this forum for a while. I'm a college junior, just completed the whole interview process, and I landed with 2 summer internship offers: JP Morgan S&T, and T. Rowe Price equity research. Which one should I pick? Here are my considerations.
JPM: 1. The benefits of JP Morgan are obvious: incredible dealflow, brilliant people, great connections to help me move along if I land FT offer. 2. With JPM, if I discover that something didn't work out for the summer, I'll look competitive for full time recruiting from an experience perspective. 3. If I discover JP is not a right fit, it's going to be a gamble whether or not I can place into a buy side ER for FT recruiting. Buy side doesn't really have much to offer in terms of rigorous recruitment, so I feel like I'm desperate to cling to whatever opportunities come my way.
T. Rowe Price: 1. I feel like I am really passionate about buy side ER, especially from my own investing background. As far as job function, I may be a better fit with TRowe. 2. Buy side - appeals to me more because I can spend more time studying for the CFA/learning everything I can about fundamental analysis. Hours are generally better, but as long as I enjoy what I do I won't be bothered by that. 3. Conversion from SA to FT is much lower. If I don't get the FT offer my resume looks far less competitive next fall. Also, I've heard that transitioning from sell side to buy side is easier than the reverse, if I ever feel the need to switch.
Any thoughts? Thanks.
just so you know, there is no "deal flow" in S&T.
but yes, JPM is a great bank and would be a great place to work.
look the bottom line is if you are that passionate about buyside ER, then jump right in and start there. you DONT KNOW if you will get an opportunity again in the future, and you have a tangible offer in your hands.
and the other thing--if you are as passionate as you say you are, you really should not have a problem getting a FT offer. unless you plan on being a mediocre employee, don't worry about who has a higher offer rate. just take the job and kick ass.
True, but I'm referring to the clients the banks deal with in general, not just in S&T. And if I move over to IBD (which would be pretty wild), deal flow doesn't hurt there.
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