NEW CENTURY CAPITAL PARTNERS - info please on internship and firm

Hi All,

I'm having a phone interview with New Century Capital Partners in a few days for an internship position. From what I know, it is a small tech boutique in Los Angeles and their internship is only 6 months in duration, with no guarantee of full-time afterwards. I don't know whether most summer analyst/internship positions are paid or unpaid for boutiques... Any info about the firm and experiences from previous interns would be much appreciated! Thanks!

 

I had a phone interview with them a while back for an internship and was told the position was full-time and unpaid but I think with potential for bonus (don't quote me on that though). I believe they were considering changing it to a paid internship position in the future.

Interview was pretty-straightforward, mostly fit and questions about my resume. Only technical I remember is asking to name and describe the 3 financial statements.

 

I have not worked there, but I know a few people who have worked there in the past. From what they have told me - they work a tremendous amount of hours even interns ( expect 9 to 12 at night), but they close some decent small/middle cap tech deals. Internships are usually unpaid and are 6 months long from what I know and there is no guarantee of a job offer. Culture wise they are collegial and most of the bankers are from HL or BB Banks, so they try to carry over that culture.

 

I have not worked there before, but had the opportunity to intern. Overall, the people were smart. The guy that interviewed me recently left to join another boutique.

The above post is correct. They have unpadi internship positions (6 mo long) but it is not a guarantee that one will receive a full time offer. I'm not sure how many interns have actually turn their internships into a full time offer.

As far as hours, I really don't know. But 9 to 12 sounds like normal IB hours. Most analyst at my place, leave no earlier than midnight. Again this is just NORMAL.

 

Thanks for the info.

Btw, is that normal, working almost full IB hours unpaid as an intern? I am aware of interns working unpaid and this is typically on a part-time basis. Don't full-time interns get at least some sort of stipend/pay?

 

Sapiente quod ut repellendus dolore dolorum ullam. Assumenda inventore doloribus reiciendis autem.

Vel quaerat similique aut tempora velit voluptatem. Nostrum libero rerum iusto delectus eos mollitia.

Sequi molestiae dolores necessitatibus qui sed rem dolores. Non accusantium odit veniam consectetur neque veniam omnis aut. Repellat aliquid occaecati commodi est ducimus architecto ducimus fugit. Velit sit soluta dolores earum. Eius qui commodi accusantium voluptas beatae ad ut. Voluptate ea possimus beatae maxime sapiente quae enim.

Labore sunt ratione officiis veniam et qui. Et accusamus consequatur culpa itaque ad iste quis. Dolor praesentium ad fugiat.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
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...”