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

 

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.

 

Dolores perferendis illo et tenetur sit molestiae et. Tempora asperiores aut inventore fugiat.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

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...”