MBB Sumer Intern vs BB SA
I've read plenty of topics discussing how difficult it is to get a summer consulting internship offer. Many have said it is more difficult than a BB SA postion. Can anyone verify this as true and explain the reasons why?
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main reason is that m/b/b host very few ugrad interns, and get most of their ft classes from ft recruiting not from summer interns. For example, I think bcg takes around 35 interns in north america versus the 110 they hire full-time from undergrad.
As above.
Getting an MBB internship makes getting an internship at GS/MS look like a walk in the park.
At the same time, if your final goal is banking an MBB internship is pretty much useless. On the other hand, BB internships reflect well during MBB FR recruitment.
There are fewer places. MBB = only 20.000 consultants worlwide, and the intern classes are very small. Also, MBB consulting positions are sought after by more people (the history major who suddenly realises she needs a job) in my opinion.
What about the prospects? I had MBB + BB S&T offers for SA a couple of years ago and went for MBB because of the prestige (the money was better in S&T, too). With hindsight, as I wanted to be a trader, it would have been safer to go for the BB; an investment banking internship will get you more interviews at other BBs (tons of friends were poached from other banks after their internship), but outside of finance (or investment banking?) it is not the case. It looks better on a business school application, too.
Personally, I ended up at a hedge fund, but I was lucky so my case is a bit special. You might get pigeonholed, so I don't advise that you go for MBB if your ultimate goal in banking.
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