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Anyone?
Go for the hedge fund. A lot of kids in your position are usually falsely intrigued by interning in WM at a BB firm, but it's not going to be much except cold calling. You won't learn a lot either. Also, once you get a FO position, I have found that it's easier to get other FO positions. You can't go terribly wrong with either, but I would go for the S&T role.
Hedge fund without question. If you are looking to go right into a hedge fund straight out of ugrad, chances are you aren't going to get into a megafund. Work the internship at the $1-2bn fund (which still isn't a bad size if the guys are good and not a lot of people), work your ass off, try to get an internship next year, and the next year, and then maybe it turns into something full time or they point you in the direction of something else and put in a good word.
That's what I was thinking, and I'm fine with that. Thanks man
1bn+ is in the top quartile of HF AUM, hence it is hardly small.
definitely take the HF, i was talking to a md at credit suisse (S&T) he told me that if i didnt intern with him anything on the buyside would make me extremely desirable for future internships
PWM or Hedge Fund Wintership (Originally Posted: 12/03/2007)
I have the opportunity to do private wealth managment for a bulge bracket not in NYC. I also have the opportunity to work for a small hedge fund doing industry research and presenting these ideas to the hedge fund manager for trading strategies. I have done a financial planning internship, but it was at an independent firm. I lack a "big name on my resume," but I would rather do research for this hedge fund than PWM which I already have experienced through my financial planning internship. I'm a sophomore and my ultimate goal is to do a banking internship as a junior. Any advice about what wintership to do would be appreciated. Thanks!
You are only a sophmore and it seems more interesting. I have done a PWM and found it boring.
Do HF! It gives you prestige and more valuable knowledge, which will lead to a brand name firm later on. Plus PWM you have done already. Do not get carried away with the name-game: it is more important what you do than where you do it.
Do the HF unequivacably the way to go.
Internship in HF or PWM, trying to get SA position in IBD? (Originally Posted: 08/11/2010)
I have had two internships offered to me for the fall semester. I am having trouble in figuring out which one I should choose, and wanted to ask: Which would look better in terms of resume and experiences if I will be trying to get a SA position in IB next year?
The Hedge Fund is a Top 100 (according to Barclays, Bloomberg) and primarily deals with futures contracts. The office in which I would work, would not be the main headquarters of the fund.
The PWM internship would be at a regional office of a BB, and I would be dealing with the VP of investments at the office.
My work at both offices has not been discussed in full to me, as I am guessing that most of the answers to my question will be weighted on what work I will be doing at both offices.
In general though which would look better? Or does it really just come down to what work I will be performing at either of the internships?
are you absolutely sure you want to go into an ibd?
either way, i'd say the hedge fund. it should be reputable, as long as its a "front office" (or whatever you call it for a hedge fund)
and they both seem to be regional
Working in IB or being a stock broker is every kids dream, man.
Yes I want to get into investment banking. I live in a city with practically no investment banks, the ones that are in the city are of very small scale (I contacted all of them and no one is looking to take on an intern because they are not getting any deals). That is why I have a choice of interning in PWM or a hedge fund.
PWM or Hedge Fund Wintership (Originally Posted: 12/03/2007)
I have the opportunity to do private wealth managment for a bulge bracket not in NYC. I also have the opportunity to work for a small hedge fund doing industry research and presenting these ideas to the hedge fund manager for trading strategies. I have done a financial planning internship, but it was at an independent firm. I lack a "big name on my resume," but I would rather do research for this hedge fund than PWM which I already have experienced through my financial planning internship. I'm a sophomore and my ultimate goal is to do a banking internship as a junior. Any advice about what wintership to do would be appreciated. Thanks!
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