Societe Generale Markets vs Prudential CIO
Hey everyone! I recently received an offer from Societe Generale as a markets summer analyst and would most likely be on their equity derivatives trading or commodities teams. I also have an offer from Prudential in the CIO position and can choose between Global portfolio management Group, Alternative Assets Group, and Modeling & Analytics units. I was hoping to hear some thoughts on which opportunity would be better for me. Societe Generale would be in NYC and Prudential would be in Newark, NJ. I'm really looking for what would provide me the best exit opportunities into investment banking or Asset Management. This is for an internship, so only 10 weeks. Any recommendations?
a markets internship is all about exposure and networking. you wont really learn any technical skills etc over 10 weeks. at the CIO side, i assume you're going to be modelling. so it really depends on what you wanna do and where you want to head towards. AM/IB/S&T can vary greatly.
Societe Generale will be a more rigorous internship, the only draw back is working for the French - and determining the quality of the network that your co-workers might have. Will they be able to get you to better firm is the question at hand. Avoid Prudential.
Any difference in pay?
Just looked in the DB for comp - no way Prudential pays what Soc Gen does. Also think about trying to compete against someone who interned at a bank (BB/MM/EB/ Boutique etc) for a FT offer and having Prudential on your resume... you have little chance.
Bro Prudential is the buy-side you can't say that looks bad on your resume when they are managing billions of dollars of assets with you being in a much smaller environment getting a whole lot more experience. Societe Generale isn't even one of the top banks and honestly you learn nothing in S&T that you couldn't do yourself so please don't give people the wrong advice.
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