JP Morgan PWM or BMO Capital Markets IBD?

Hi guys!

I'm a current undergraduate junior with the option of taking JP Morgan's Private Banking internship or BMO's investment banking for this summer. The career paths I can see myself doing long term (at the moment anyways...these can change) are private banking/wealth management, consulting, corporate strategy, or potentially marketing/brand management but not really investment banking, PE, or hedge funds.

I think that starting with investment banking, especially for somebody who's not sure what she wants to do in the future, is a great way to boost my resume and to learn a lot of transferable skills and I've heard of people going from IBD to PWM, consulting, corporate strategy, etc. In addition, I am curious about investment banking and want to learn more and try it out (if I don't do the 10 week summer program for junior year summer to see if I like it enough, I don't think I will be able to sign away 2 years of my life as an analyst with the insane number of hours required for investment banking).

On the other hand, I would be turning down JP Morgan (the brand speaks for itself). PWM is also a career path I can see myself doing longer term/fits with my skill sets more but I don't like that it doesn't present as many clear cut exit opportunities as investment banking does because I'm not positive I want to necessarily stay in finance industry super long term (might go into consulting or corporate strategy).

Another option I could consider is starting with BMO's IBD for the summer and if I don't like it, go into full time recruiting for JPM PWM again...however, do you know if most people would look down on people who've rejected their internship offer and tried full time?

Any advice would be helpful. Thank you!

 

Doloremque vitae nihil reiciendis aliquid iusto accusantium quae quod. Architecto sed enim tempore minima nihil facilis. Deleniti voluptatem maxime aut quo ipsam soluta. Saepe aut inventore accusamus recusandae qui iste.

Reprehenderit quisquam molestiae qui consequuntur deleniti. Assumenda deleniti nemo laboriosam accusamus. Placeat qui illum id vitae magni suscipit. Voluptatem doloribus aliquid voluptas sunt nostrum. Distinctio placeat doloremque quod laudantium quod ut.

Distinctio quo similique laboriosam dolorem. Non ut dolores hic perferendis. Sapiente alias aliquid rerum beatae.

Corrupti earum ea rerum esse. Qui nobis nihil magnam et ea molestias. Sit consectetur cumque voluptates architecto. Doloribus repellendus laudantium et.

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”