Answer: None of the two.
Better you take the money and invest it in expanding your network and buy Investment Bankers drink/dinner every now and then and cultivate a strong relationship while demonstrating your ability, willingness and eagerness to enter investment banking sector. That will give you a chance of being selected as an intern which is a ticket towards an investment banking career.

Always remember: people will be more inclined to hire others they know and trust. Dosen't matter what qualifications you hold (although basic ones need to be there). You have to be in the right "camp" with the right people.

Otherwise you are one of thousands of other applicants who flood the in-tray of Ibankers with their resume.

This post has been edited by robertchoo: May 21 2014, 11:10 PM

All the more reason you should take up my advice. Afterall an internship with investment banks will do you good. Alot of the times young people get too sucked in by the glamour of the job without realising its another reality when it comes to the actual work. Hours are long and gruelling and the environment is highly stressful while you are doing monotonous and boring work, spending endless hours working around 30 excel spreadsheets checking and rechecking calculations and formula, tweaking the numbers over and over again while your boss screams at you coz you have a figure wrong on spreadsheet no. 15 which means you have to spend more time reworking spreadsheet no. 16 to no 30 coz the figures are interlinked. Or the boss thinks spreadsheet no. 5 is too bullish and wants you to rework the entire 30 spreadsheet and hand it first thing in the morning to him at his desk so he can present it to clients which means working through the night and god forbid if one of the figures is wrong. And then imagine doing the same thing day in day out for 16 hours a day, day after day, including weekends for 5 years.

This post has been edited by robertchoo: May 22 2014, 01:15 AM