Which offer to accept this summer? MF, HF, or Fed?

I am a current sophomore at a non-target and after a stressful semester prepping for a summer internship, I have been fortunate enough to get a few very intriguing offers:

Mutual fund intern - total assets over $3 billion - opportunity to learn about Asset Management

Small Hedge fund intern - managing $20-50 million - opportunity to learn more about special situations investing & excel skills

Federal Reserve (DC) intern - administrative role, but strong name

If you were in my position, what opportunity would you most likely pursue? If I had to pick an area of finance I am most interested in pursuing I would say private equity or M&A - but still open to all experiences and I want to take the best offer available.

 
Best Response

Mutual fund. A hedge fund of that size isn't going to offer much structure, mentorship, or training, because it's so small. Unless you think that your valuation/write-up/etc skills are solid and you could succeed in a less structured environment, I'd take the MF, because as a sophomore, they probably aren't very strong. If you have specific insight from either the HF or MF that suggests significant buy-in from a senior in terms of training and mentorship, that could change things.

FYI: I interned at a HF 2-4x that size, and it wasn't that great of an experience.

 

Tempora sit at ex doloribus et veritatis nihil. Est eveniet est repellendus vero qui et.

Ipsam enim nemo atque molestiae. Eveniet sed ut facilis ad aspernatur sit distinctio. Quia nihil et similique magnam illo adipisci voluptates. Et neque eveniet in maxime rerum nobis asperiores maxime.

Quas omnis ratione qui. Quo necessitatibus impedit perferendis cumque dolorem. Enim asperiores occaecati sunt. Magni modi unde iusto vero nesciunt in. Doloribus possimus officiis omnis aut voluptatem libero molestiae.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”