Summer 2019 Internship Decision

Currently, I am weighing offers between Wells IBD, BNP Lev Fin, and JP Credit Risk. Which internship experience would provide the best exit opps if my goal is to get an MBA and then switch over to a PE/debt shop?

Thanks for the help.

 

One thing is for sure, if money is important to you in the short term, then go to BNP. They pay overtime 60$/hour and it is not capped. The "culture" illini is referring to is that as an intern you work every day to 3am. That's hard but the deal with your team is that you make a shit ton of money so you don't complain.

9am-2am = 17 hours / day 176 = 102 hours / week (including weekend) 4040$ = 1600 62*60$ = 3720 Total of 5,320$ per week, even more if you work during the weekend. That's 53,000 for a 10 weeks program, which is ~37,000 net of taxes.

I'm not saying everything is about the money, but if you think both exits opp. are the same, and you fit equally with both, that can be a strong point in favor of BNP.

And I 'm not even at BNP

 

People are giving you misinformation. Credit risk isn’t viewed as IB work. Pay will be lower full time and opportunities will be worse. Skill set will not be as valuable. You should think about BNP levfin, which will give you a good basis if you want to lateral to a BB and a decent platform at a large balance sheet bank. I’d also imagine that it’s one of those Levfin/Sponsors joint groups rather than just a cap markets group. So I think it could be a very positive experience, Wells has a better reputation particularly in IB but it comes down to how much you’re willing to be in Charlotte.

 

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