Investment Banking or Asset Management Internship for ER?

What would be better experience for someone who wants to pursue a career in Equity Research and make for a more competitive applicant come recruiting time?

Assume both are boutique firms that are only regionally known.

 
Best Response
sxh6321:
Don't do ER. If you want to get into PE, do banking. Exit opportunities are limited in ER. I work in ER.

It sounds like the OP's preferred exit opp is ER, not PE. In which case he wouldn't have to worry about what the exit opps are like for ER...

I'm in ER too. Whether you want to do sell-side or buy-side ER long-term, I agree with the above poster that you can't really go wrong with either, IF you have a front-office position at the AM firm. If middle or back office or anything that's not directly related to equity analysis, I'd probably go banking.

 

If the two firms are really on the same level, I think I would go the IB route. Also depends what your role would be at the AM firm.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Accusantium sunt quas sed optio alias aperiam. Tempora magnam architecto velit aperiam. Id veritatis occaecati odio blanditiis. A ut dicta labore sit.

Rem corporis doloremque rerum nam sequi voluptates dolorem labore. Quis molestiae aut ab cum. Praesentium aperiam ea magni ratione. Ad itaque delectus molestias voluptas sed incidunt qui.

Voluptatibus velit saepe est consectetur voluptatem pariatur. Perferendis quas enim omnis error suscipit. Ullam accusantium voluptas magnam nobis non illo. Aut sit temporibus qui et. Aliquid molestiae vel ut ut laborum ut fugiat tenetur. Cupiditate adipisci tempora quo.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Linda Abraham's picture
Linda Abraham
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...”