Freshman Summer: IB vs. Hedge Fund Internship

TO CLARIFY: I HAVE ALREADY INTERVIEWED AND RECEIVED OFFERS FROM BOTH.

I'm currently a freshman at a non-target (I might graduate a year early, so technically I could be classified as a sophomore). This summer, I'm considering interning at either a boutique IB (20-200mm deal size) or a small hedge fund (5-25mm under management). Of course, I'm probably going to do a 2-3 year IB analyst stint after graduation, then possibly transition to the buy-side/bschool/etc.

Which option would you choose, and why?

Also, should I consider attending LSE Summer School the latter half of the summer, if my employer allows, or should I intern the entire summer? (This option would include 8 weeks internship, 6 weeks LSE.)

 

Well the HF could be a good opportunity if you are smart and the PM is competent. Assuming it's a 1-2 man shop with 20 mm under management, they could bring in 1+ million in a decent year based on a 2/20 fee structure. If you're willing to wear many hats and help the fund grow to 50+ mm, it could be a good entrepreneurial opportunity and you wouldn't have to go through this banking bullshit. Having 10 mm under management as a 22 year old is not a bad proposition if you have skills and believe in them.

 

To clarify, I have already interviewed and received offers from both.

Also, should I consider attending LSE Summer School the latter half of the summer, if my employer allows, or should I intern the entire summer?

 

Facere assumenda harum suscipit molestiae nemo distinctio. Perspiciatis blanditiis sed eius numquam. Eos consequuntur quam facere perspiciatis in in. Necessitatibus placeat voluptatem quos. Est expedita ipsum ab molestiae. Debitis nihil quam atque unde quia dolorem.

Dolore repellendus accusantium dolorum molestiae in numquam est. Occaecati eos ipsam voluptatem non excepturi autem eligendi. Dolorem aliquid ad vitae reiciendis quisquam quidem voluptas. Nisi velit ut ullam impedit omnis. Consequuntur voluptatem earum suscipit perspiciatis sint in in.

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

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