Pension fund management>IB
Vitals: Sophomore at non-target looking for an internship to leverage into a SA offer at a BB next summer.
Have talked to Lehman and RBC CM and have interviews lined up. Obviously, an opportunity at Lehman would be the best choice. But today, I was talking to a family friend who sits on the board of a large pension fund (~$50bil). He implied that he would probably be able to get me an internship at the pension fund.
How valuable would this experience be in the eyes of a BB for next summer? Would I just be better off with RBC CM?
I would go for RBC CM. the pension fund stint may look good for interview with FIG, but otherwise, I would prefer RBC CM.
Pension funds invest in all kinds of things, from bonds to real estate, so it depends which investing arm of the fund you'd be in.
Well this particular fund invests 98% of assets in stock and bonds with the breakdown of 61% equities and 37% in fixed income (mostly US Treasury notes & bonds).
If I had a choice, where do you recommend I try to place myself?
is this Lehman and RBC IBD? If so then clearly the order is Lehman, RBC and then the pension fund. Unless this is the PE arm of a pension fund or something in which case thats a pretty good option.
From pension benefits to IB (Originally Posted: 01/31/2014)
I graduated from a small school just outside Chicago that has no name recognition in June, 2009. I had a triple major in finance, actuarial science, and math with a 3.5 GPA. It took me over a year to land a job in the down economy, but I eventually started as a pension benefits analyst at a consulting firm. After working at the firm for 3 years, I have decided that I am interested in pursuing a career in investment banking. I have been taking CFA exams, and will take Level III in June. I have been considering going to grad school for an MBA if that is what it takes to make the career transition. I would love to hear any relevant feedback or advice people have to offer on the best approach to take towards breaking into the IB profession.
CFA will be next to useless for IB.
You'll likely need to attend a top MBA program.
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