Which internship would you choose for future IBD/consulting?

A. Summer Analyst at a 1 Billion worth P.E shop in Hong Kong

B. D.E Shaw Proprietary Trading PROGRAMMER intern

I know the DE Shaw name is bigger, but would the programmer part pigeonhole me (I do not want to be a quant geek, even though I major in Operations Engineering)?

Would future employers find the summer analyst job more relevant? or would the DE Shaw name help me go further?

and one other concern for the PE shop would be if people would have doubts about the no name PE shop overseas? i mean it probably wont show up on my employment history on a background check and the only proof i have will be a letter from the CEO..

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Comments (18)

Mar 23, 2009

I know quite a few people who have worked/interned at DE Shaw, and my observation is that every single one that received a FT offer is not fit to work in IBD/consulting

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Mar 23, 2009

btw I am only a rising junior

Mar 23, 2009

oh really MIT? And you know this because of your extensive knowledge of who is best fit for a job on Wall Street? Did they teach you this as a freshman? Or was it in high school that you gained such insight. Please do share.

Mar 23, 2009

hm...tough choice, but I would go with the PE offer in HK. How much are they paying you? and are you currently a junior or a sophomore?

Mar 23, 2009
LondonE1:

hm...tough choice, but I would go with the PE offer in HK. How much are they paying you? and are you currently a junior or a sophomore?

LondonE1:

srsly, these people don't know preferred stock from livestock.

Take DE Shaw.

wtf

Mar 23, 2009

I am a sophomore right now, rising junior.

London, I am inclined to the PE offer too but I am just VERY worried that given the fact that it's essentially a no-name fund and their crappy spoken english (if anyone tries to call and verify) ...it might sound fishy?

does it sound fishy to you guys?

Mar 23, 2009

ah i didn't catch that. DE Shaw is a very legit name...but the stuff that you would be doing there aren't quite related to IBD...however, since you are a sophomore, I think it doesn't really matter that much...go with the DE Shaw name...i think it's important for a sophomore to build a strong resume and name actually matters for a sophomore...whereas if you were a junior, i would have said go with the one that is similar to what you ultimately want to do

you can always have a reason WHY BANKING based on your exp at DE Shaw...if you work there, banks know that you are not a joke and you are quite legit (and you did that as a sophomore, which i think is impressive)...so you can always put a spin to it and say that you enjoyed the highly analytical and quantitative environment at DE Shaw (banks love to hear that you are analytical and i think this isn't bullshit if you worked for DE Shaw) but you want to go into banking because blah blah....you don't have to talk bad about your exp at DE Shaw, but just put a spin to it...u know?

DE Shaw all the way

Mar 23, 2009

take asia. more fun, hk's a great city, cute girls.

Mar 23, 2009

don't take DE Shaw just because of the name. If the experience there is not what you want to do, it adds nothing to your resume. Go with the PE fund if ultimately you want to go into finance and not engineering.

Mar 23, 2009

srsly, these people don't know preferred stock from livestock.

Take DE Shaw.

Mar 23, 2009

if you were a junior, this would be a much more difficult question. but as a sophomore, the brand name is everything. you will NOT get pigeonholed this early in your career.

you WILL get interviews next year for finance roles fairly easily, and from there, it's up to you.

Oct 28, 2009

is this a what-if question?

Oct 28, 2009

it wasnt a what-if question.. I chose neither at the end.. but it was also a very old question

Oct 28, 2009

As a soph, it really doesn't matter. Do what you like and stop worrying so much. You did very well for yourself and should be happy. Just make sure you can spin your experience into something that is relatable to the skills needed in banking, such as analytical skills from DE shaw and/or valuation skills from the PE.

Oct 28, 2009

I went in a different direction and found what I like. I am no longer interested in banking, so this thread is no loner relevant. Thanks everyone for comments though :)

Oct 28, 2009

what does your father do?

Oct 28, 2009

may I ask why?

Oct 28, 2009

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