Hey all, I need some advice.
I am currently a Junior undergrad who is planning on pursuing investment banking. I am currently doing a spring internship at a boutique investment bank. I have these options so far for the summer and I am having trouble deciding:
1- summer offer at the boutique firm I am currently interning at. The plus side is I get more experience in investment banking, however I am not looking to work there after graduation.
2- Summer offer at a small private equity firm. The plus side is I get to diversify my resume and gain buy-side and sell-side experience before graduation.
3- Transaction advisory and business modeling at one of the big 4 firms. The name is there but the intern position is not investment banking and ideally I wish to pursue investment banking when I graduate.
Which would you choose?
If the Big 4 transaction service is with E&Y, you might want to consider. The experience there is pretty good, a number of my friends who ave completed the internship there said they learned a lot.
The big 4 position is TAS & Business modeling at Ernst & Young. I am definitely considering the position, if I land an offer there I will take it over the other two. Would a position at E&Y give me better experience than a boutique investment bank or a private equity firm?
1 or 2
One vote for 3. You'll have the same chance of lateraling as 1 or 2 to a brand name IB, unless 1 or 2 is a brand name firm or has good m&a/buyout dealflow.
If 1 and 2 don't offer full-time positions after your position, you are SOL. Plus EY pays summer interns a bunch
Personally I would go with #3, unless #2 has some decent deals to work on during the summer.
Go with E&Y if you do get the offer man.
why don't you want to return to your current boutique after graduation? are you doing actual transaction work there and are you getting paid?
The current boutique isn't hiring otherwise I would consider it. I am getting great deal exposure so I will have some good experience by the time the internship ends.
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