Hedge fund vs. Big Bank offer for quantitative finance internship
Hello - I am facing a decision for where I would like to(summer before senior year), and am not sure what is best for me in terms of a career development perspective. I am a Computer Science major looking towards quant finance, and am deciding between Balyasny , and .
The BAM offer is a Long/Short Equities internship on a Quant team working closely with a Portfolio Manager who is also a Partner. Rather than being a project based internship, this program would have me operating as a member of the team getting hands on experience.
The Morgan Stanley Offer is for the Cross Desk Strategies team in the Quantitative Finance division (which I believe is in the Fixed income dept.), and is more of a traditional internship as you would expect at a big bank.
While the prestige of MS as well as the prospects of their education program are alluring, I also think that skipping banking and getting straight into a Hedge fund is a great opportunity, especially if it means getting hands on experience working closely with the team and PM.
Please also keep in mind that I do not have prior experience in Finance, and that it is possible I will decide that Finance is not for me and recruit elsewhere next year for full time. Any advice is much appreciated!