Freshman Summer Internship Opportunity PWM vs Search Fund Internship for getting into IB

Hi Everybody,

I'm currently a Freshman at a flagship state school (Think UMich, UVA) working for a search fund. My boss told me that I need to decide now whether to stay with him for the summer or whether I"ll be interning at a different place (most likely a BB PWM role) this summer. I've had a good experience so far working with some LBO models and leading client calls. My boss told me if I do a good job for the summer, he'll write me a nice reference letter. My end goal right now is to work for a BB M&A division out of undergrad, but I'm not sure whether I should go after a big name on my resume for the summer or stick with this job.

He told me I had to decide soon between a full-time role with his search fund for the summer (unpaid) or pursuing something else. I do have some informational interviews lined up with a few BBs but I'm not sure whether I should continue pursuing them for an internship role.

Does anybody know if it's possible to balance a PWM internship "after hours" or on the side on top of a regular 8-5? Is it worth putting in all those hours without getting any pay? Does PE experience help with IB interviews?

I'd really appreciate any advice/perspective that you all might have on what to pursue for the summer.

(inb4 i'm a gunner i should chill and enjoy summer bang some chicks etc. Ik I'll try to enjoy my youth before i'm pushing 40 and regret it.)

Thanks again!!!

Comments (5)

Mar 15, 2018 - 12:58am
axecapital4307, what's your opinion? Comment below:

do you have a PWM internship? If not, there is nothing to join. Also, you want your resume to say June-Aug since that is the standard time everyone sees for interns.

Mar 16, 2018 - 3:01am
personguy1, what's your opinion? Comment below:

Good point. I'll be interviewing for a fixed income risk analytics internship as well, wondering if that's any good for IB. Heard mixed consensus for whether its MO or FO. Any input on that?

Mar 16, 2018 - 4:14am
axecapital4307, what's your opinion? Comment below:

Quod ducimus voluptas eveniet aut. Enim sunt ullam a dignissimos veniam consequatur.

Voluptatem ut possimus dolorum. Et sint consequatur aliquam deserunt eaque possimus numquam.

Quia laudantium illo enim nostrum quia dolore. Qui fuga fugiat aut voluptatibus illo. Et labore ad aut autem voluptatem sit. Eaque accusamus ea error at.

Mollitia aut provident ipsum laborum vero et ab sunt. Iste excepturi et illum veniam et harum. Eveniet rerum explicabo illum molestiae iste voluptatem. Nihil in ducimus dolore perferendis. Non beatae aliquam qui illum. Quo enim maiores temporibus. Quia deserunt rem labore ut ullam autem dolor.

Start Discussion

Career Advancement Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Bank of America Merrill Lynch (▲03) 98.4%
  • Macquarie Group Limited ABN (+ +) 98.0%

Overall Employee Satisfaction

August 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • PJT Partners (▽03) 98.4%
  • Macquarie Group Limited ABN (▲22) 98.0%

Professional Growth Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲06) 99.6%
  • Lincoln International (▲03) 99.2%
  • RBC Capital Markets (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.4%
  • William Blair (▽01) 98.0%

Total Avg Compensation

August 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (37) $394
  • Associates (205) $256
  • 2nd Year Analyst (125) $163
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (405) $151
  • Intern/Summer Associate (79) $147
  • Intern/Summer Analyst (306) $92