Local Bulge Bracket Internship at an Overseas office or Local Internship Bulge Bracket
Hey guys,
Need some advice here. Right now I have 2 offers on the table. 1) An overseas internship (Equity Sales) in one of the world's dominant financial hubs with a bank that's highly prominent in my region but not a Bulge Bracket or 2) A local internship (Equity Sales-Trading, more of execution trading) with a Bulge Bracket locally. Note: This is not SA, just a professional attachment summer programme, usually for first and 2nd years
Which would you advise for someone who wants to do IB? Note: I am a freshman
I am more inclined towards the Overseas one because 1) Local interns are a dime a dozen and I think having overseas work experience would really make me standout 2) I think equity sales has more overlapping areas compared to execution trading
Advantages of Local: 1) Able to build a network in a Bulge Bracket and perhaps leverage on it
Kindly advise this confused junior monkey =//
HMMMM, sales at a smaller place or BB OPS? You wanna build the case for a job in ops or a job in FO? The answer to that question is the answer to your question.
Don't think an execution trading role is the same as trade support/ops. Either way, I'd go with the equity sales gig for the reasons you mention AND: 1. Sounds more interesting given your interest in IB vs trading 2. the fact that you'll be at a major financial hub can potentially give you more access to IB professionals if you are proactive.
It's awesome that you're a freshman and already have these opportunities! You'll be way ahead in either case.
From what I've heard, it can be extremely hard to leverage an internship in BO/MO (though as Value_added said, it's hard to tell if the execution trading role counts as that) to a FO role. But in any case it's better to start off doing something closer to what you eventually want.
I also think that it would be interesting and worthwhile to work abroad this summer. I interned abroad in my freshman year, and it was an awesome experience. Plus, since the overseas firm is dominant in the region, I assume it's also somewhat well known back in the U.S.? Even though it's not a BB, you'll still be in great shape for recruiting later if you have a brand name firm on your resume from freshman year.
One last thing - when you say local internship, do you mean in NYC? I still think you should do the overseas one, but if "local" means your hometown or some other city in the U.S. that isn't a financial hub, then your choice is even clearer. London/HK, for instance, would look better on the resume than working in a more peripheral U.S. city in my opinion.
I come from an Asian target school and hence when I say local, I'm referring to Hong Kong/Singapore. As for the overseas internship, it is in New York.
As for FO/MO, I'm pretty set that I wanna be in IB after graduation even after reading all the negativity that surrounds it.
Also, what sort of internships apart from boutique IB/PE, Big 4 Corp Fin and Asset Management would you guys recommend for someone wanting to break in BB IB? Would Equity Research be more valued over boutique IB/PE?
Thanks for the advice so far and I hope to get more advice from you senior monkeys here! (:
Modi natus non dolorum nisi corporis et. Repellendus quos suscipit ducimus est adipisci aut odio. Voluptas non totam id sint eveniet. Aliquam aliquid libero possimus vero quos quia est. In quo eum sint accusamus. Sapiente molestiae recusandae explicabo laboriosam et nisi.
Deserunt molestiae alias mollitia est qui sed. Asperiores iusto nam labore et. A sapiente animi ut officia consequatur nihil sapiente. Ipsa voluptas alias qui pariatur. Illo placeat numquam ipsum id asperiores. Sit est fugiat ut repellat minima inventore. Sapiente veniam alias sed tempora eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...