| Topic Name: |
Bain vs. Morgan Stanley and others |
| Message Name: |
Choose consulting internship |
| Date Posted: |
04/02/2003 |
| In Reply To: |
As a junior you ought to go for the company that would offer you the best long-term prospects... do now what you would ultimately want to do. As a junior, I thought that it was a short-term 10 week decision. It wasn't. My decision had a big effect on where I was offered jobs as s senior. Several reasons for you to consider this a longer-term decision:
1) You need to make the consulting vs. banking decision now. Sadly, it will be hard to convince recruiters as a senior that you want to change paths. I tried to go consulting to banking as a senior and I've heard it tried as a recruiter. It rarely works. So, first, you have to make the bigger decision.
2) Chose the company with whom you would want to sign as a senior. The point of the internship is to decide if you want to do the job as a graduate... not really to gain experience... because the program is so short that you won't gain much experience. You're not going to get some great skill in just 10 weeks... anywhere. Especially with this economy, your goal is to get an offer that you'll accept so as to save yourself some misery this fall.
3) The name matters as a junior. It will be the single most important word or words on your resume as a senior (assuming you go out recruiting).
4) While P&G is a great company, you won't advance as fast in corporate as in consulting, and corporate doesn't receive the same respect from consulting firms that a rival consulting internship does.
If you want to be a consultant long-term, be a consultant this summer. When you're trying to get a consulting offer this fall, You'll have a heck of a time explaining this fall why you turned down the opportunity this spring. |
| Message: |
I agree with the last post.
It will be harder [though not impossible] for you to convince consulting companies next year that you are as committed to consulting if you choose an ibanking internship.
Choose a consulting internship - it will also help validate that consulting is what you want to do after graduation. Between the two consulting offers, I recommend Bain - it carries the greater "brand" status and the name on your resume will carry greater weight.
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