I'm thinking between a Big 4 strategy consulting internship (structured, return offer available) vs working at a newly founded boutique merchant bank - the partners are all exits from BBs and told me the model would be something like 'GS before it went public' - a bit of IB/PE/AM altogether. I'm also expecting a PWM internship from a near-BB (think SG/Nomura etc). They are all in HK btw.
I know that if you are dead sure you would be heading for IB SA gigs junior summer, then the boutique one sounds much better. But 1) I am going to be focusing heavily on HK recruiting next year still and I think brand name is a much bigger thing there in comparison, so the Big 4 name might help quite a bit; 2) I am not 100% (maybe 70%?) committed to IB for my junior summer...plus I am finishing a PE internship so I have some IB-related experience under my belt already. A Big 4 consulting internship would certainly leverage me better if I decide to head for places like MBB too? An FT analyst I got to talk with earlier did exactly the same (1 IB-related + 1 consulting internship) before SA recruiting and got to say "I did both and figured which one was better" - he said that helped him, both personally and in interviews; 3) I really liked and clicked well with the people at the Big 4 firm when I interviewed, and I thought I could learn a lot from them and potentially enjoy being a part of their team. I also feel like I'll learn a lot on the internship too.
As for the PWM one, I assume that it's not favorable compared to the other two here? It's also the shortest one and I doubt I will learn/do much apart from the fact that it pays much better. Looking at pay is short sighted for sure tho...
Thanks in advance!
PS i go to a semi-target (Target for HK/APAC recruiting), if that makes a difference and I'm an HK native.