Which internship sets me up better?

xyloto's picture
Rank: Monkey | 41

Hey current sophomore, I'm currently working part time at a boutique and will be for the rest of the year. I worked at a BB PWM firm last year, and am trying to break into banking. I have a boutique offer and a Fortune 50 corp fin offer, which one would set me up better? I do not go to a target, but which would set me up better for junior recruiting?

Comments (6)

Nov 2, 2015

Depends on the boutique. If it's an absolute no-name shit tier boutique that doesn't even deserve to call itself an investment bank, I'd go with the F50 corp fin offer (it's got impressive brand name after all).

If it's a boutique that works on at least 20-40mm deals and offers good experience, then boutique.

Too many people on this site would scream boutique boutique boutique just because it's technically i-banking, but I've had some serious shit tier 2 man "boutiques" coming to my school that would absolutely do no good to your resume.

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Nov 2, 2015

IB is IB is IB, whether it's at Goldman Sachs or some two-man shop out in the sticks. As long as you can get some good experience and can speak to your work during interviews, chose the boutique. This really should not even be a decision that takes more than a few seconds.

EDIT: Meant to reply to OP, not wanttobreakin.

Nov 2, 2015

The problem with the 2 man shops that I've encountered is that people who've interned there tell me they did nothing but admin. work.

"As long as you can get some good experience and can speak to your work during interviews" is a BIG "IF" at these shops.

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Nov 2, 2015
wanttobreakin111:

The problem with the 2 man shops that I've encountered is that people who've interned there tell me they did nothing but admin. work.

"As long as you can get some good experience and can speak to your work during interviews" is a BIG "IF" at these shops.

That is an applicant problem, not a boutique problem. If all you are doing is admin work, you need to ask for more responsibility or prove yourself first with the admin work. If nothing else is available, I always suggest staying late/after hours and building your own models with client financials. While those models may never be used, you will still get good experience from that.

Nov 2, 2015

This is actually pretty bad advice, and one of the main reasons why you should always ignore advice from those who haven't "broken in" yet in favor of advice from those who have. In line with what other posters have said, always take IB experience over non-IB experience. It's hard to appreciate how little bankers care about non-banking experience, until you're sitting in a room with one during a 30 minute interview speaking at length about fuckknowswhat that couldn't be farther removed from what the banker does on a daily basis. Do an IB internship, think about or manufacture at least something relevant to speak to during your next recruiting cycle, and land a SA/FT offers.

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Nov 2, 2015
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