<p>Hi,
one of my friends may have a tough choice. he may have got an summer intern offer from Macq HK in Ibanking. And he also has gone through the interviews at Account Management Group at BLK.
I told him to take BLK if he can get the offer, since it's definitely a more prestigous firm in the industry and also it's good for him as he can explore different areas within asset management. he's still a sophomore, and it's plenty of time if he changes his mind later.
But he was kinda interested in the challennges of working in HK in IBanking. he likes the people there and also wants to know more about the Asian market.
Obviously, Macq is not as famous as BlackRock, but it's a unique experience that he may benefit from alot othher than using it as a resume building material.
And anothher friend in Hong Kong was arguing that Macq is among the best ibanks in Asia and it's good to learn things. And it won't be late to switch to BLK or any other shops even next year if he changes his mind.
Since i am a close friend of him. I really would like to help. (well, even tho i haven't got any offer yet....)
could anyone give some advice?
It's a kinda small vs. big topic, but also ib vs. asset management.
Please help, really appreciated.</p>
<p>by ibanking I assume you mean corporate finance- not the umbrella term ibanking?</p>
<p>Depends completely on his interests I guess. I would choose BlackRock (most people dont know BlackRock's ticker symbol btw- I didnt know what BLK was until you spelled it out)</p>
<p>If he has no idea what his interets are, BlackRock would probably be better for resume building (But its competitive and he still might not get an offer).
I would say Macquarie is well known too though. </p>
<p>Ask for more opinions...</p>
<p>now... where does he got to school and what's his major? (I always like to know)</p>
<p>hey, foxdie!,
thanks. That's what i said to him too. Yeah, his IB offer is real IB, i think, doing IPO and hybrids issuance stuff in a small team. I think he likes the job and people there.
But just, if i were him, i would take BlackRock, as it's competitive and i do believe it would be a good experience there. Well, he hasn't got the offer yet. Guess it would be a tough decision if he gets it.
He's at Cornell. not sure what he's majoring in.
oh, eyah, BLK...sorry about that. but honestly, for Macquarie, i didn't know much about the firm until he talked with me.
well...i'm still trying to get a summer intern....so hard for a sophomore in finance.maybe just for me. :(</p>
<p>haha when i saw the thread title, my first thought was burgers</p>
<p>haha, yeah. Actually choosing burgers is tough too. Maybe even tougher.
To Mac or not to Mac, it's a question.</p>
<p>BlackRock I work there--PM me.</p>
<p>easy decision... macquarie</p>
<p>-international exposure
-solid name, blackrock really isn't that much more prestigious
-Better experience in IB.</p>
<p>Hey Alex, could you PM me again? My inbox got flooded with some msgs about GS Camp.</p>
<p>^ BlackRock is the #5 Asset Manager (1.3+ trillion) in the World, trailing behind SSga (State Street Global Advisors, #1) and Barclays. Know that the firm has only been around since 1988 and in less than 20 years, it has done more than other firms in terms of revenue growth, earnings, and international expansion than other AM/IM's with HUNDREDS of years of experience. This is no Legg Mason. This is BlackRock with Merrill's asset management group under its name: MLIM. </p>
<p>Trust me, you will have high visibility and recognition from all levels of management. My project attracted the attention of MD's, all the way up to the executive committee (Chairpersons, CEO).</p>
<p>Also AlexLi: AMG generally doesn't have that many internship spots open as say BRS, so consider that a good spot to be in.</p>
<p>so, it is still asset management, which is far less prestigious than ib</p>
<p>more important than name would be the experience you get. you will be doing more at macq</p>
<p>
[QUOTE]
so, it is still asset management, which is far less prestigious than ib</p>
<p>more important than name would be the experience you get. you will be doing more at macq
[/QUOTE]
</p>
<p>asset management isn't automatically less prestigious than IB. I think Blackrock along with GSAM (becauses it houses Global Alpha) can rival almost any corp finance department in prestige.</p>