Firstly, you'll have to forgive me for not being an expert on investment banking opportunities/prospects. I'm currently a sophomore at Villanova (not a major target, but there is BB recruiting from Goldman Sachs, JP Morgan, etc.) and I'm a bit behind the curve, so to speak. But disregarding my specific qualifications for now, I'm interested in a bit of insight into the industry.
I have two major concerns.
(1) Assume I have a strong desire to stay in the Philadelphia metro area, for various reasons. Is it generally easier or harder to break into a BB investment bank at a satellite Philly office as opposed to on Wall Street? Again, I am unfamiliar with the workings of the industry, and I'm wondering whether these satellite offices employ a much smaller number of people (and therefore present tougher prospects for a job-seeker).
(2) On a slightly different note, assume I have no shot at a BB internship for this summer (as a rising junior). What other internships should I be pursuing? I know this has probably been covered in numerous other topics, but what I'm looking for is a ranking of internship types as they contribute to a career in investment banking (i.e. Asset Management, F500 corporate finance, etc.).
Any help with this would be greatly appreciated.