Deciding Between Offers, Pepsi/Soros/Legg Mason or - Holding four offers

NikiChau's picture
Rank: Monkey | 41

Hey guys,

A little bit about my background, I am a current junior who came from a target school and just went through the whole internship recruitment process. I have previous internship at Operation and Audit at well know firms. This year, I did eventually end up holding four offers (none of them were through OCR..).

1.Pepsi-Finance in White Plain New York, 10 weeks
2.Soros Fund-Project Management in NYC, run through the whole year from April to 2014
3.Legg Mason- Fund Expense Analyst in Stamford,CT, 10 weeks.
4. Big AM in HK (U.S recruiters are not likely to know it tho), which is a FO analyst.

Benefits would be very much the same except that I might get some free Lays and cola from Pepsi...Location is not a concern either(tho I want to eventually work in NYC)

My end goal for full-time recruitment is Transaction Service in Big4, Credit Risk, Equity Research, corporate strategy, or Management/Data consulting. Its very hard for me to choose because while the first 3 are well known company, none of the work is FO and may not have much transferable skills for the position I will be eventually looking for. On the other hand, the AM in HK is not known for the recruiter in the U.S, plus I am not sure how much I can be exposed to since that internship is not well structured.

Now I am leaning more towards Soros since I think the name will be more golden on the resume, however the work may not be as exciting as the other three.

Any comment will be appreciated!

Comments (27)

Mar 13, 2013

What's the name of the AM in HK?

I heard Soros and I just ... remembered the dealbreaker article posted today. http://dealbreaker.com/2013/03/george-soros-reserv...

Mar 13, 2013
DaisukiDaYo:

What's the name of the AM in HK?

I heard Soros and I just ... remembered the dealbreaker article posted today. http://dealbreaker.com/2013/03/george-soros-reserv...

It is under the one of the biggest insurer in China and is about 1B~10B. haha Soros is always on the news with his ladies but I think they are still doing great and well-recognized by the street?

Mar 13, 2013

Yeah without the name we can't really give you any solid advice, but here goes:

If you want to stay in the U.S. - go with Soros, given the options. Both Pepsi and Legg Mason sound like back office. Not sure about project management job description, but you'll find that the name helps with the type of work you're looking to get into post-grad.

As for the HK AM, unless you're planning on staying in HK/China, don't take it. While the work experience will definitely be beneficial, since you stated many firms in the US won't know it, I would shy away and take it as a second option only (unless we actually do know it).

If you're worried about the FO gig, my take on it is this: having a brand name on your resume will land you interviews regardless of position - I know plenty of my friends with BB transaction services summer internships who have gone on to get FO interviews.

In the end, all up to you.

Mar 13, 2013
DaisukiDaYo:

Yeah without the name we can't really give you any solid advice, but here goes:

If you want to stay in the U.S. - go with Soros, given the options. Both Pepsi and Legg Mason sound like back office. Not sure about project management job description, but you'll find that the name helps with the type of work you're looking to get into post-grad.

As for the HK AM, unless you're planning on staying in HK/China, don't take it. While the work experience will definitely be beneficial, since you stated many firms in the US won't know it, I would shy away and take it as a second option only (unless we actually do know it).

If you're worried about the FO gig, my take on it is this: having a brand name on your resume will land you interviews regardless of position - I know plenty of my friends with BB transaction services summer internships who have gone on to get FO interviews.

In the end, all up to you.

Do you think recruiter in BIG4 or other consulting firms will recognize Soros, or is it just known for the firms on the street? Besides, the work at Soros is basically like back office who serves as internal consultant to deign and implement the transformation for systems within the firm.

On the other hand, my own view on Pepsi is that it is more widely recognized, and the accounting skills within the Finance department may be transferable to BIG4 and even research. The work within Legg Mason may be more analytical, and again, it is less recognized than Soros and Pepsi IMO...

what do you think?

Mar 13, 2013

Ok, you have to decide what you want to do, there are obviously different recs for different scenarios. Instead of putting "Transaction Service in Big4, Credit Risk, Equity Research, corporate strategy, or Management/Data consulting", why don't you narrow this down so we can better help you ?

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Mar 13, 2013
DaisukiDaYo:

Ok, you have to decide what you want to do, there are obviously different recs for different scenarios. Instead of putting "Transaction Service in Big4, Credit Risk, Equity Research, corporate strategy, or Management/Data consulting", why don't you narrow this down so we can better help you ?

oh dude I do not have a specific "path" in mind yet..what I can think of is that I want to work at Real estate investment and strategic consulting in general, and all those position I listed are actually the ones that I consider to lead to the end goal.

Best Response
Mar 13, 2013
NikiChau:

Benefits would be very much the same except that I might get some free Lays and Coke from Pepsi

I don't know, hookers and blow seem like pretty good benefits to me.

    • 2
Mar 13, 2013
SirTradesaLot:
NikiChau:

Benefits would be very much the same except that I might get some free Lays and Coke from Pepsi

I don't know, hookers and blow seem like pretty good benefits to me.

Inappropriate comment.

Where's blastoise when you need him/her/it?

Mar 14, 2013
SirTradesaLot:
NikiChau:

Benefits would be very much the same except that I might get some free Lays and Coke from Pepsi

I don't know, hookers and blow seem like pretty good benefits to me.

hahaha, +1 to you sir

Mar 13, 2013

I can guarantee you that Pepsi won't give you free Coca Cola....

    • 2
Mar 14, 2013

bump!

Mar 14, 2013

#4 is the obvious choice. FO internship at big AM with no formalized structure is a great opportunity and you'll have a chance to proactively shape your experiences.

The no brain choice is take one of the back office brand name gigs. You literally won't need your brain to do the job and you can peacock their brand as some sort of actual skill. Lazy Lazy Lazy.

Believe in yourself and use your brain. Who cares if no one has heard of the AM. Just note the AUM and you'll be fine. Soros and Legg Mason will understand why you took a front office internship over them.

Mar 14, 2013
Mr. Pink Money:

You literally won't need your brain to do the job and you can peacock their brand as some sort of actual skill.

Haha, I love the use of 'peacock' as a verb.

Mar 15, 2013
Mr. Pink Money:

#4 is the obvious choice. FO internship at big AM with no formalized structure is a great opportunity and you'll have a chance to proactively shape your experiences.

The no brain choice is take one of the back office brand name gigs. You literally won't need your brain to do the job and you can peacock their brand as some sort of actual skill. Lazy Lazy Lazy.

Believe in yourself and use your brain. Who cares if no one has heard of the AM. Just note the AUM and you'll be fine. Soros and Legg Mason will understand why you took a front office internship over them.

Hey man thanks for the comment and I think your point is quite valid that the actual skill is important. However, I am not sure how much exposure I can get on that fund, plus my assumption is that U.S recruiter, especially on the junior summer internship and full-time recruiting, will weigh more on brand name on overseas internship since it is quite hard to differentiate those oversea experience when everybody seems to be doing the same work. What's your take on that?

Mar 15, 2013
NikiChau:

Hey man thanks for the comment and I think your point is quite valid that the actual skill is important. However, I am not sure how much exposure I can get on that fund, plus my assumption is that U.S recruiter, especially on the junior summer internship and full-time recruiting, will weigh more on brand name on overseas internship since it is quite hard to differentiate those oversea experience when everybody seems to be doing the same work. What's your take on that?

1) If you're worried about exposure, put together a "forward looking" resume that highlights all the things you hope accomplish during your internship and actually accomplish them.
2) You are assuming recruiters do not understand nor appreciate the value of a FO internship at a multi-billion dollar fund.
3) BO jobs will always be there. You don't need brand name experience on your resume to get those kind of jobs.
4) While brand is helpful please realize that making a decision based purely on brand and without proper due diligence is blindly letting others make the decisions for you.

All that said, it's up to you.

Mar 15, 2013

Is your HK gig in PICC? One of my friends interned there as a sophomore. From his words it was a pretty unstructured program.

Mar 17, 2013
henryxub:

Is your HK gig in PICC? One of my friends interned there as a sophomore. From his words it was a pretty unstructured program.

It's in a very comparable fund, that's why I am worried since I doubt if they will let me handle some shitty task at all

Mar 18, 2013
NikiChau:
henryxub:

Is your HK gig in PICC? One of my friends interned there as a sophomore. From his words it was a pretty unstructured program.

It's in a very comparable fund, that's why I am worried since I doubt if they will let me handle some shitty task at all

Be careful when you are making a decision. I heard from multiple sources that investment banks (even in GS/MS) do considerably less modeling in HK. I would assume the same thing for a HK fund.

Mar 18, 2013

Doubt you will get free Coke at Pepsi.

Mar 18, 2013
valuationGURU:

Doubt you will get free Coke at Pepsi.

lol my bad...such a huge mistake...

Mar 18, 2013

Not Pepsi. The HK one sounds intriguing although I clearly know nothing about it. Soros also sounds legit. I'm leaning Soros.

Mar 18, 2013
droking7:

Not Pepsi. The HK one sounds intriguing although I clearly know nothing about it. Soros also sounds legit. I'm leaning Soros.

Do you think other industry such as BIG4/consulting firm will look highly on Soros?

Mar 18, 2013

I don't understand what Project Management means in the Soros offer. I mean, what exactly is it that you would be doing?

Mar 18, 2013
Maximus Decimus Meridius:

I don't understand what Project Management means in the Soros offer. I mean, what exactly is it that you would be doing?

Its basically internal consultant who helps design and implement the internal system/platform integration, from the interview i do not think it would be quantitative at all.

Mar 18, 2013
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Mar 18, 2013