Sophomore finance major, top 10% of class, non-HY target for the firm (Columbia/Bing/Stern) currently summer interning with an asset manager in NYC. Targeting bbas an undergrad exit. I was linked through OCR to an internship offer open to sophomores at : the "Equity Research Analyst" gig. Brief job description:
"The D. E. Shaw group seeks research analysts to join its Long/Short equity group during the summer of 2015 to support the firm's fundamental investing activities. Analysts will be placed in one of the firm's four core industry groups: Consumer/Retail; Financial Institutions; Healthcare; and Technology, Media and Telecommunications. Responsibilities will include researching, analyzing, and performing due diligence on potential investments. A strong passion for investing, as well as a demonstrated aptitude for substantial financial analysis, is essential. The ideal candidate will have a strong record of academic achievement as well as excellent communication skills. Successful applicants will have ideally spent a summer at an investment bank, alternative asset manager, or long-only manager."
I certainly get that working at a respectable hedge fund sophomore year is better than nothing, but I'm wondering-given thefrom the job description-how useful the position will be in terms of next year's recruiting.
One other question: I'm not 100% set on IBD and wouldn't mind considering S&T internships as well. DES offers them and explicitly allows multiple applications on its careers site; however, I've heard from multiple sources that applying for both means your app goes in the trash. I'm wondering if I could get some clarity on that?
Help much appreciated.