Internships: PWM vs ER

I'm going into my freshman year of college, next year. I want to break into IBD, and I was what kind of internships would be good, as a freshman.

I think I have a good chance (connections) to get a PWM internship at UBS. The brand name would be helpful but I've hear that the work is not very applicable to IBD.

Also, I might be able to get an internship at an AM firm, which has about a 3 billion AUM. This would be in conducting ER for their investment fund.

My question is, would the UBS name carry enough weight to make that PWM internship look better than the ER internship?

Thanks everyone

3 Comments
 

What he said. Don't get in a mindset of any "perfect" internship as a freshman because you're competing against target juniors, with previous internship experience, for those jobs.

For a freshman internship literally anything finance related should do it. I'd look into any for credit internships you could get with boutique investment offices, PE search funds, and the like.

 

Modi laudantium quidem aut sapiente mollitia. Qui quo quae atque id suscipit iusto beatae. Est omnis est ad eaque doloremque numquam et. Nulla dolorem et in suscipit nostrum error qui.

Perspiciatis et exercitationem ut. Aut nihil repudiandae aperiam molestias. Suscipit commodi consequuntur autem dolore. Et soluta libero animi harum fugiat libero.

Eveniet voluptas voluptatem explicabo sit. Rerum qui nulla eos amet aliquid. Omnis velit et nesciunt reiciendis eos. Animi tempora fugit exercitationem a est nihil. Reiciendis omnis dolores quidem aut ea. Magnam est quis vel tempora id nesciunt quo. Dolorem aut assumenda rem incidunt consequatur dicta nobis impedit.

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 (16) $429
  • Associates (57) $264
  • 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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
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...”