PWM v. Insurance Underwriting

I have finally been offered a few internship offers. I can accept a Private Wealth Management internship with a bulge bracket bank in a New York Suburb. Otherwise I have also been offered an internship with AIG in New York City right near Wall Street working as an underwriting intern. The AIG program offers seminars, training, networking, etc, that the other internship does not offer. I am interested in going into corporate finance or consulting next year when I graduate, since I do not think I can get an investment banking job. What do you think would look better on my resume/ be a better experience?

 
Connor:
Insurance Underwriting at AIG.
Agreed. The AIG program will provide more formal experience to talk about in interviews/mention on your resume.
Impossible is nothing
 
Best Response

OP, I'm not sure if you're referring to MS's program in Purchase, NY but I know friends who went through that program. MSSB PWM I think is really on the rise. Within PWM they have a rotational program at the analyst level where you move through S+T, research, capital markets etc. The internship program is definitely solid as well. I know of someone who went through this program from a non-target at the internship level and moved into IBD afterwards. There are also a number of ivy-leaguers who interned there.

If you're not referring to MSSB, then ignore my post. I don't really know much about PWM at other places.

That being said, underwriting is going to be solid experience as well. Good luck.

Sometimes lies are more dependable than the truth.
 

You can definitely make a lot of money from underwriting, I was strongly considering that path before deciding on bank. My family member works 9-4:30 and makes just under $.5 million. Of course you have to be good at what you're doing but I see successes in the area very often.

That said, PWM likely has a lot of good exit ops as well.

 
Cornellian11:
You can definitely make a lot of money from underwriting, I was strongly considering that path before deciding on bank. My family member works 9-4:30 and makes just under $.5 million. Of course you have to be good at what you're doing but I see successes in the area very often.

That said, PWM likely has a lot of good exit ops as well.

How long has he been an underwriter?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

What group are you going to be w/ underwriting. I worked in underwriting and some of those groups might not be worth your time. Also, do you know if you will be a part of a structured program?

 

Ah, sorry, just re-read what you said, if AIG has a program its' worth it.

Underwriters party really hard, they are a really good time. I'm sure you'll become a Stone Street regular in no time.

 

Apply and interview for the job first. Then you can contemplate. If nothing else you'll have another interview under your belt.

Making money is art and working is art and good business is the best art - Andy Warhol
 

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