I am a masters student with a decision to make by early next week - I have a summer offer from a small prop trading firm in Chicago in their Algorithmic trading division, and one from an investment bank in NY in their Quant summer associate program. Both have almost equal pay and I really like the people in both, I couldn't go wrong with either but I think I can do better than flipping a coin!
Ideally, I want to be a quantitative portfolio manager in a big fund - neither of the internships are exactly that. So, in general, which position in a resume would be looked upon more favorably by a buy side firm? A buy side internship at a relatively unknown prop desk (it's not one of those "sweatshop" firms, just a legit but small market making/stat arb firm) or a rotational quant program at an Ibank?
Ideally, I want to be a quantitative portfolio manager in a big fund - neither of the internships are exactly that. So, in general, which position in a resume would be looked upon more favorably by a buy side firm? A buy side internship at a relatively unknown prop desk (it's not one of those "sweatshop" firms, just a legit but small market making/stat arb firm) or a rotational quant program at an Ibank?
