My Take on Deciding Between Top Summer Analyst Offers

Rank: Baboon | 108

I recently gave a piece of advice to a buddy's younger brother who was choosing between some great SA offers. I wanted to share it with all you young masters of the universe as well.

In this specific case, my friend's brother was choosing between two great EBs. One that people on this site fetish over (think EVR M&A/PJT R&R/CVP M&A), and another fantastic EB, but maybe not with the same "gold standard" allure as one of the places I mentioned. I actually urged him to go with the "lesser" firm. The primary reason being that he had some mentors there, at both a senior and junior level, who he had built long relationships with, and who would do their best to guide him through the IB minefield. He didn't have that at the slightly more prestigious firm.

I know everyone is obsessed with prestige, but at the end of the day when considering multiple offers, I think people really need to focus on which situation they will be more successful in. Sometimes having a close mentor you can speak with off-the-record for guidance can be all the difference in your analyst experience, and can be the key to being at the top of your class.

There comes a point where the differences between lots of firms are minimal, even though people on this site like to split hairs. When I went through PE recruiting I can say first hand that across the EBs pretty much every buyside opportunity is open to every strong analyst.

If you are someone with great offers in hand, then congrats, that is truly a fantastic accomplishment! The skills gained, and the doors opened to you are all stellar at lots of the top firms and top groups. Now, when picking between your offers, make sure you consider where you feel you will be most successful. This is so overlooked, and answering that question honestly should help steer you in the right direction.

Comments (213)

Sep 30,2017

Do you already have offers from these firms? If you are still searching for offers, I'd say that beggars can't be choosers and take the first one seeing that it is already Summer. If you have offers from all these firms, I would go with either the IB or PE gigs. However, you should talk to each company and understand what your role would be and pick the one that you feel you would be doing the most "real" work. You're only a freshman, so picking IB versus PE at this point doesn't really matter.

Sep 30,2017

Personally i would do IB or PE boutiques rather than local offices of BBs or mortgage banks (unless PWM is really what youre looking for). Being able to score an internship as a freshman (assuming you have these offers) in IB or PE says something about you later on when you apply for FT. I would think that you would get more exposure, albeit limited exposure to the actual PE or IB workload/lifecycle that will help prepare if you want to continue it later on. At the same time if youre a freshman in college i would suggest using this time to enjoy rather than do a demanding internship. You essentially have 1 summer as im assuming youll try to go SA or somethign of that sort as a sophomore and likewise in the last two years. Contrary to what a lot of people say its OK to take the early summer off as long as youre willing to put in the time next year.

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