IB vs PE vc Consulting

Hello All,

I am new to the forum and am trying to get a handle on exactly what I want to do for my last summer internship. I am a Finance student from a non-target school in the Midwest, have a full year of PE real estate investment experience (internship), and a 3.17 Cumulative GPA and 3.57 Major (I was a semi-professional athlete/engineering student for my first year of college and didn't do well that year). My end goal is to start my own PE Fund, but I am trying to figure out the best job to get several years of experience with before setting out on my own.

I will graduate December of 2016 and have one more summer internship. Currently I am putting a lot of time into tracking down Investment Bankers at middle market firms to try to get my name/resume into the hat for a Summer Analyst position.

However, I also MIGHT have the opportunity to intern with a small PE firm, a small IB, or a consulting firm (McGladrey or PwC). All of these positions are in Des Moines because no one recruits to large metros from my school. I could also go back and work in RE PE shop that I interned with before.

What do the denizens of WSO think of my situation? Where should I focus my networking efforts?

Thanks!

2 Comments
 
  • focus on what you like the most. Group, fit and the experience you will get there will be critical. They are all "good jobs". If your goal is to start a PE fund, then IBD to start off is a no brainer given your other options (t3 consulting vs small buyside firm). The only exception would be if the PE you get is large AUM and/or credible, then I would take PE > IB
 

Et quibusdam et aut dicta nostrum odio fugit. Repellendus earum doloribus blanditiis. Est non veritatis suscipit quod beatae ut aut.

Commodi sint libero et ipsam libero ut. Quia exercitationem in ut non nam voluptate. Itaque sed porro adipisci quo sequi est harum.

Provident aliquid provident et. Ducimus accusamus et in officia necessitatibus est. Dolor omnis sit recusandae mollitia minus provident. Voluptatem cupiditate saepe magni illo quasi odit enim. Sit odit quod minus harum suscipit.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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

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...”