Hi guys, may I ask your opinions on the internship choice of the below situation?
I recently got admitted by Wharton MBA and am thinking about doing a pre-MBA internship. I am currently working in PE industry in China with a local fund covering an industry I kinda dislike, so I want to quit my current job to enhance my exposure/experience/brand name for post MBA recruiting. My target will probably be PE or banking in US after graduation. I know PE recruiting will be extremely competitive and the same for good groups in banking to international students, but I previously already had some banking related work experience from a top tier BB in new york before relocating to China last year, so maybe this experience will make me stand out a bit compared with others from a similar non traditional PE route, hopefully. Currently I have several options to choose. I am really eager to know your guys' opinions on pros and cons of each choice.
1. industry-focused US mid-market merchant bank China office
This is the option I lean towards most. I am really fascinated by the industry they focus on and consider working this type of work my dream job. The shop is a leader in the field. They currently don't have any full time opening but happy to take me as an intern, so I'm thinking about using the internship to transfer to its US office down the road. The cons is it's very industry focused fund and not as well-known as some big names.
2. US mega fund China office
The work I do will probably not be very meaninful and given the long investment cycle, it would be hard for me to learn a lot. I also don't think I will have any chance of getting into its US office aftwards, but it would be really a good brand name to put on the resume.
3. China mega fund
think about Hony, Citic. They are actually doing better than those US mega funds in China. How will they be viewed compared with US mega or mid-market funds when I put No.1 ranked PE fund in China in resume? I also don't think I can get solid technicals/training in the internship experience but they could potentially open doors for future full time offers in China or their overseas office.
4. mid-market US fund
I think I can get some good training and potentially some referall to its US office later on.
I think I can get most solid training from those places in terms of modelling, etc, since PE is really a very local business and does not have good training infrastructure, especially I skipped the former IBD 2 yr stint. But will it be problematic for me to explain on my resume, since I'm already doing PE full time?
6. top tier VC
I know this might look most unrelated to my goal on paper , but I am very interested in the TMT industry. In that space, it seems to me the line between VC and PE is pretty blurred and VCs probably get better deals. I would like to expolore the possibility. I am so having a startup of my own, so not sure if that would have any impact on my decision making.
Thanks vm for your advice and if you happen to know any place needs pre-MBA interns in US or China that fits my situation, I would really appreciate some referal, etc.