Guggenheim Partners Performance vs Merrill Lynch PWM

I have received two offers for a summer internship for this upcoming summer. One is Merrill Lynch and is unpaid--it seems like a great opportunity with a structured intern program (allowing interns to visit the Fed, etc. and holding weekly classes/educational forums for interns). However, it will cost me $800 to enroll for partial credit, which is required. The other offer is at Guggenheim Partners Asset Management Performance Team. I will be mostly responsible for performance work and transitioning/entering performance details in compliance w/ GIPS. However, this internship pays $15/hr. I have to reply to them both by tomorrow morning and was wondering if you had any sort of advice or thoughts on my situation.

Please, anything will help. What would you do? I am leaning towards Merrill, but still distraught.

Thanks

Comments (7)

May 20, 2010 - 8:53pm
ibdreamer, what's your opinion? Comment below:

I finished a ML PWM internship and I really enjoyed it, so I'd definetly recommend that. However, I'm confused as to why you'd pay $800 to get an unpaid internship because I never had that happened to me, so I'd check that out.

May 20, 2010 - 9:44pm
californiastdreamin, what's your opinion? Comment below:

well merill requires interns to be enrolled in some sort of credit...so the smallest amt of credit one can enroll in is .25 which costts a student about 800 dollars..

and why do you think guggenheim will look better?

May 20, 2010 - 9:47pm
californiastdreamin, what's your opinion? Comment below:

and ibdreamer, where did you work? was it worth being unpaid? and whatre you trying to do in the future?

i guess i want to work in one of top tier companies when i graduate, so feel merrill might be a better fit, just the money seems hard to let go; and no point inletting go all that potential money if guggenheim might end up looking the same or as legitimate as ML

any thoughts?

Oct 5, 2010 - 2:28am
MeNeverSleeps, what's your opinion? Comment below:

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