IBD Boutique in CHINA or IBD boutique in US? Please help..

Hello friends!
I really need your expertise to help me choose the right internship to go..
So I worked at marketing last summer but can not fit the culture. I want to move to banking.
I am currently sophomore in a target (big target) and I got some offers from boutique banks:
1, IBD at an unknown boutique in NYC. Around 15 people shop. Unpaid
2, IBD at an CA boutique, also unknown, focuses only on IT companies M&A, 15~20 people shop, maybe less.
3, IBD at a boutique bank in Beijing, 40+ people shop, pretty strong deal flow especially in private placements. It is a structured internship program and I will have mentors.. etc.
I want to work at BBs in the future in NY. Which is the right way to go?? Close to the deadline to make a decision, please help....

Many thanks~
Papagogo

 

Because (1) you're a sophmore and (2) you're at a "big target" (I assume you mean HYPS), I'd go ahead and take the internship in China. Non of the firms are reputable in the U.S. anyways (it sounds that way) and the China experience will likely be a cool differentiator. If you're at one of the top schools and you're chinese I'm sure you have a 3.9+ and you'll get an internship at a BB next year after an internship in IBD in a structured program this year.

 
Best Response
International Pymp:
Because (1) you're a sophmore and (2) you're at a "big target" (I assume you mean HYPS), I'd go ahead and take the internship in China. Non of the firms are reputable in the U.S. anyways (it sounds that way) and the China experience will likely be a cool differentiator. If you're at one of the top schools and you're chinese I'm sure you have a 3.9+ and you'll get an internship at a BB next year after an internship in IBD in a structured program this year.

Agree with Pymp. The other two sound like unknowns the way you put it. And China would make for an interesting story during interviews. Can be spun in a ton of ways... "I chose the firm with the greatest exposure and name besides my other options. I know I want to be in US long-term, but wanted to use a summer to gain exposure to a world outside of my own" and so on...

 
lifesgreatmystery:
if youre asian, go to nyc. if youre white, go to china

done

I was thinking the same thing. If you are asian, and especially if your English isn't 100% fluent + American accent, you might want to consider NY to avoid being pigeon holed.

 

^^ do you guys think I should also take deal flow into consideration? Is private placement also traditional investment banking??? Thanks again for all your inputs guys~~

 

Quibusdam voluptate magnam libero deleniti iste neque officia magnam. Et sit accusamus qui officia et. Tempora in facilis natus consectetur dolorem et doloribus. Nihil amet iusto qui est temporibus velit quo natus.

At dolor delectus dolor. Quia a nesciunt in et dicta consequatur quis maiores. Voluptates autem eligendi quasi. A itaque voluptatem nisi laudantium temporibus. Nobis sed voluptatibus consequatur debitis unde nihil optio sunt. Non consequuntur quae pariatur fugiat nesciunt.

Blanditiis voluptatem sint eos reprehenderit quae. Ipsa est vel consectetur natus non est nemo aliquam. Consequatur molestias omnis odio perferendis ut.

Libero officiis aliquam repellat veritatis soluta at optio. Doloribus minus ut enim sit in. Porro non harum porro ullam repellat enim non. Eos reprehenderit nobis nam sunt quam.

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
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”