Which offer to take?
Hey guys, so I'm a freshmen at a semi-target school (think Notre Dame, Emory, Vanderbilt, USC) hoping to land a IBD SA at a BB or MM by my junior year. Even though a decent handful of banks do actively recruit at my school, I feel that I do not have the same opportunities as students at classic targets, so I feel compelled to start early with internships. I invested a lot of my free time this past year cold calling for summer intern openings at WM/IM/AM firms (turned out to be a lot more difficult than I imagined) and was able to land a few offers. Right now I'm choosing between 3 options:
-Merrill Lynch Summer Intern (unpaid)
-RBC Wealth Management Summer Intern (unpaid)
-Boutique Investment Management Firm Summer Intern ($500mm AUM; $10/hr salary)
I know that what you do during your freshman summer is pretty extraneous for the most part. However I think it could be a good resume builder especially when I don't have anything else except for working in retail. Which of the choices do you think would be a good way to spend the summer? Right now I'm kind of leaning towards the Botique given the paid salary, but I feel that having a brand name firm (ML or RBC) on my resume could be more beneficial in the relative long run.
The commute to each office is about the same (20 mins). 4-5 days per week, 10 week long each.
Thanks in advance!