Freshman Summer Internship Opportunity PWM vs Search Fund Internship for getting into IB
Hi Everybody,
I'm currently a Freshman at a flagship state school (Think UMich, UVA) working for a search fund. My boss told me that I need to decide now whether to stay with him for the summer or whether I"ll be interning at a different place (most likely a BB PWM role) this summer. I've had a good experience so far working with some LBO models and leading client calls. My boss told me if I do a good job for the summer, he'll write me a nice reference letter. My end goal right now is to work for a BB M&A division out of undergrad, but I'm not sure whether I should go after a big name on my resume for the summer or stick with this job.
He told me I had to decide soon between a full-time role with his search fund for the summer (unpaid) or pursuing something else. I do have some informational interviews lined up with a few BBs but I'm not sure whether I should continue pursuing them for an internship role.
Does anybody know if it's possible to balance a PWM internship "after hours" or on the side on top of a regular 8-5? Is it worth putting in all those hours without getting any pay? Does PE experience help with IB interviews?
I'd really appreciate any advice/perspective that you all might have on what to pursue for the summer.
(inb4 i'm a gunner i should chill and enjoy summer bang some chicks etc. Ik I'll try to enjoy my youth before i'm pushing 40 and regret it.)
Thanks again!!!
If you don't have another offer, I would stick with the search fund, especially if the PWMs are still unpaid.
He wants me to do 9-5 5/days a week until late August but for no pay. Should I tell him I'm available until July and then join a PWM internship?
do you have a PWM internship? If not, there is nothing to join. Also, you want your resume to say June-Aug since that is the standard time everyone sees for interns.
Good point. I'll be interviewing for a fixed income risk analytics internship as well, wondering if that's any good for IB. Heard mixed consensus for whether its MO or FO. Any input on that?
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