<p>Ok so my father has an account in UBS and his consultant can help me find an intership in UBS, also one of my child teachers is now working as a consultant in merill lynch and can also get me an internship which way should i go? BTW if they are both consultants how would i get in the investment banking divisions of those banks?</p>
<p>Apply to both. Pick the one that hires you. or if both pick the one that pays the most. or if equal pick the one that has connections to IB or if the same pick some criteria that one has that the other doesn’t.</p>
<p>Ask them about IB. Apparently they want to help you so they can answer all of your questions. Internships are about learning. Everyone knows and suspects that where you intern is not likely where you’re going to work. They know you may not even work in the same profession.</p>
<p>As far as the investment banking side goes, these offices will offer, fixed income and equity if available, deals to their clients…that’s the extent of it. So, you’ll be able to review the research, the red herring and so forth. You’ll might also learn what the rules and regulations pertaining to the offering to retail clients…and become familiar with some of the terminology. Remember that these offices are retail branches, and are a different part of the firm than the investment banking division. It’s also possible though unlikely that the advisor has large institutional clients…this will give you additional insight.</p>
<p>As far as which firm to choose…ask what your duties will be. Will you be working in the sales end or operational side? Who will you be working with…experience or rookies, institutional or retail, marketing or administrative, will you interact with clients.</p>
<p>Apply to both. One firm doesn’t have an advantage over the other as far as you’re concerned. However, your duties for that particular office might be quite different. Tell them what your interests and career goals are. You can then determine if there is value for you. They have no reason not to be honest with you. </p>
<p>Good luck!</p>
<p>Yea, you need to figure out exactly what the internship would entail. If you’re still unsure after finding that information out, come back here and post a description of what you would be doing at each bank. In general, if it were pure IBD, BAML > UBS. UBS is hurting right now. But it doesn’t sound like you’re going to be IBD; it’s practically June.</p>