Sophomore Summer Internship Dilemma

So I have an offer from a big $300B+ alt (Carlyle, Neuberger, Ares) to do credit research sophomore summer. I also have an offer from a top LO (Dodge and Cox, Capital Group, Harris Associates, Abdiel Capital). I really want to do LO bc equities are my end goal after banking but feel brand name of the alts will be much better for banking recruiting - or does it not matter?

 

Harris has a very strong internal promotion culture, so if that’s your offer and you genuinely love value investing then that’s the one I would take. If you’re looking for optionality, you’re right, the top credit shops will look better on a resume and help you more for banking recruiting (especially dcm)

 

No D&C or Capital Group people will go to a bank. Take one of that and get the return

 

Abdiel > Dodge and Cox >>> Capital Group >>> Ares = Carlyle > Harris Associates  > Neuberger

This is what people actually in the industry think of, name-wise for those roles, roughly speaking.

 

Tiger was down 56% last year and college students on this site would still give their left nut to work there. Great argument intern.

 

Ducimus aperiam eligendi ea. Autem nemo recusandae qui totam accusantium. Qui nobis dicta error non illum voluptas. Voluptatem veritatis maxime error quo ut.

Ducimus laudantium corporis qui quae aliquam consectetur omnis. Inventore nobis nam non quae in quibusdam. Beatae omnis nostrum et provident reprehenderit nihil. Voluptatem qui numquam minima eos. Officiis sapiente velit sequi quo tempore rerum. Necessitatibus ipsa nostrum doloribus magnam.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
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

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...”