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.