MFS Internship vs GE FMP
As a sophomore, what would look better to an equity management firm like Fidelity or Wellington for when I apply for junior internships.
A summer internship at MFS Investments working with a team that helps portfolio managers organize and present their strategy's and holdings to clients.
Or a summer internship with GE in the FMP Program (mostly corporate finance)
So one isn't research but it's dealing with those components and the other is fairly prestigious and rigorous, but its corporate fi.
Go with MFS - great firm that will show your interest in IM and have that name recognition with the Fidelity, BR, etc
jwow? could you please sign my left nut you're my hero.
Mr. Jones
Since MFS is another asset manager with a solid reputation and significant investments in equities, i think your answer is pretty clear.
MFS, easiest decision i've ever seen
p.s. how did you get an internship with MFS?
My school's career services posted it on our job site and I went to the MFS career section and applied. They had a beautiful building here in Boston and everyone I met with was extremely nice.
Seems like a place I would like to work
"helps portfolio managers organize and present their strategy's and holdings to clients."
Sounds like product management as opposed to investment team. In that case i would go with GE FMP unless you like to sell..
Keep in mind he is a sophomore.. Given this, I think this will set him up nicely for a research/PM internship next summer.
The job description for the MFS internship sounds like a portfolio management Associate position, which can vary depending on the PM and the fund(s) that you support. Going off of the experience of some of the PMAs around me, you'll be doing some product management, but may also have the opportunity to assist on research projects with a broader view. I.e. if your PM heads dividend funds, you may be asked to research/present on current balance sheet/use-of-cash trends.
Corp fin is very different from equity research. While you can conceivably spin your experience (especially if you work in FP&A, corp dev or IR) into something that will make you stand out as a candidate next year, the work that you'll be doing as corp fin in a non-financial services company is "back-office".
I'd put my money on MFS--solid company, relevant connections, and you can always reach out and network with the stock-picking analysts once you're there.
Thank a bunch! That was hugely helpful
Hey,
I used to work at MFS and I probably know the teams/guys you will be working with or interviewed with. Give me a shout, I would love to hear it about.
Great firm and even better culture!
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