Investment Banking or Asset Management Internship for ER?

What would be better experience for someone who wants to pursue a career in Equity Research and make for a more competitive applicant come recruiting time?

Assume both are boutique firms that are only regionally known.

 

Don't do ER. If you want to get into PE, do banking. Exit opportunities are limited in ER. I work in ER.

"I am the hero of the story. I don't need to be saved."
 
Best Response
sxh6321:
Don't do ER. If you want to get into PE, do banking. Exit opportunities are limited in ER. I work in ER.

It sounds like the OP's preferred exit opp is ER, not PE. In which case he wouldn't have to worry about what the exit opps are like for ER...

I'm in ER too. Whether you want to do sell-side or buy-side ER long-term, I agree with the above poster that you can't really go wrong with either, IF you have a front-office position at the AM firm. If middle or back office or anything that's not directly related to equity analysis, I'd probably go banking.

 

If the two firms are really on the same level, I think I would go the IB route. Also depends what your role would be at the AM firm.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

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