What internship should I take?

Kind of a bit wary of the remote position and learning exposure, also not paid so there’s not much incentive to teach me and I might just be doing grunt work. But it is a boutique IB, but hardly any deal flow though.

IBD Interviews

Thank you for the reply though!

Analyst 2 in IB - Gen

Although you would learn way more and probably enjoy the RE one more, if you’re end goal is IB, then it makes the most sense to go for the banking one

1 reply

Intern in IB - Cov

I disagree, I think the real estate business is the way to go. Your freshman summer is all about your experience. Getting to do actual work and see the process would be great to talk about and an awesome learning experience.

Venture Capital Investing Overview

Thanks for your reply! I do agree with you and I really want to get some live real experience even though it’s a business brokerage. For more information this is what both businesses said I will be involved with:

Boutique IB: Responsibilities include (but are not limited to) assisting the deal team on mandated projects, contributing to pitches, conducting market research and reporting to senior bankers as well as maintaining databases of market information.

Business broker: you will likely experience everything we do, from initial outreach and marketing to completion of deals across a range of businesses. This includes business preparation, deal analysis, IM preparation, buyer identification, buyer outreach, negotiations, liaising with solicitors, managing more negotiations, valuation work (they just use multiples) and completion.

Intern in IB - Cov

Both sound like good opportunities but the business broker internship just sounds like you will get a better experience and learn more. Nobody really cares about brand name your freshman summer (unless you are working at some insane firm) so I would definitely recommend that one.

What is Net Working Capital Ratio

FIG_Newton

In my experience, freshman year internships hold very little weight unless it is something truly unique. In most cases you will be doing more training/grunt work than any actual value add stuff as your experience is so limited. With that being said, having IB on the resume in any capacity will likely be more helpful for IB recruiting than RE. At the end of the day it is unlikely to make a big difference either way, go with whatever shop you would prefer to work at and think will give you the best experience.

I Banking MD Pay

Hi Newton, thanks for the advice.

I agree with what you said but I do trust that the brokerage will give me more value added experience as I will be getting paid and it is in person.

I also think that the IB may give me more tangible experience that’s much more applicable to applying for summer internships at big banks but I’m cautious that yes my work will be just grunt work.

In the past, I’ve done a remote internship which I was just doing grunt work so I don’t have a good opinion of remote internships, but the IB internship is directly relevant to the career path I want it’s under heavy consideration.

https://www.wallstreetoasis.com/resources/data/capiq

Analyst 1 in IB-M&A

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