Internship: MM Corp Finance or UBS Wealth Management?
Hey guys, so I'm going into the summer before my senior year in undergrad at a top 100 school. I have been part-time interning with a UBS Wealth Management group, one of their top 100 groups nationally, and have a full time offer for the summer. It's not a structured program internship, but just an intern with this specific group. It is not much money compared with official internship programs, but they still have great resources to learn from.
However, I just recieved an offer for a corporate finance internship with a smaller manufacturing firm. I would be working on specific projects directly with their CFO, who last worked in IB for a BB. This internship is also higher pay than UBS WM.
I would like to go into C-banking or I-banking after graduation next year, or CorpFin at a large, nationally recognized company. After a few years, then I think would be better to go into WM or advisory. I also interned with AXA Advisors last summer.
Essentially, which job would you choose and why? I would appreciate fast responses as both deadlines are approaching. Thanks so much!
MM Corp fin is much more impressive than is PWM. Working hands on with the CFO is a great opportunity as well. Why would you go from IB to PWM? The pay is generally poorer, why not ER or IB to AM or HF?
Thanks for the post. I meant that in any circumstance, it would seem better to enter to PWM after a few years so you can have a legitimate track record and already have probably prospects for clients. It is too difficult to enter into PWM right after undergrad, so I'm not looking to do that. However, I am hoping the UBS name will stand out next year when applying to IB, banking, big corpfin, etc.
Anyone else have any advice?? My deadline is monday so I would like any input ASAP. Thanks again!
this is obvious...corp finn is better for IB.
WM is....well WM.
BB IB or bust
UBS WM or MM CorpFin? (Originally Posted: 05/20/2011)
Hey everyone:
So I currently am interning with a very successful PWM group within UBS, in Ohio. I am doing normal office work, but also doing some stock/fund research and writing case proposals with them. I just recieved an offer for a MM corporate finance internship with an aerospace manufacturing firm (around $25 million sales/year). Here, I would be working directly with the CFO on specific projects.
I need to choose one of these by next week, but am stuck between the two. I would like to go into banking (commercial or IB), asset mgmt, or ER after graduation.
The UBS name would be big, and they are a successful group. However, I know it is hard to go into other areas of finance from PWM. The MM company is smaller and not well known, but I would be doing projects with the CFO. CorpFin internship is also more pay.
Which should I take? UBS wealth mgmt or Middle Market comp corporate finance?
Any and all input is welcome! Thanks so much!
MM Corp Fin.
Absolute no brainer.
Thank you, but could you provide any detail on that? Maybe something form your own experience..
If you're not a freshman, do corpfin
Thanks! Anyone else?? I would like as many opinions as possible. Much appreciated!
Also, I will be a senior in the fall. I also interned with AXA Equitable last summer
all the pwm in the world can't compete with one good corpfin/ibd internship.....
Do you think the UBS name will propel it at all, as the MM company is rather unknown (25million/year aerospace manufacturing firm)? But I would be working with the CFO, which could be a great experience..
Could anyone provide any more detail than just "corp finance"?
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