PE Internship
(Chimp, 5
Points)
on 5/24/12 at 9:44pm
Hi,
Recently I was offered a Private Equity Internship which would consist of me doing remote research for the firm for 20-40 hours a week. Though it is unpaid, it offers a compensation if the firm chooses to buy a company I pitch to them. I'm currently a rising junior at a target school and am looking to get into investment banking or consulting. Is this worth it? I'm debating whether or not to accept two job offers as another one pays quite well but is not very attractive on a resume.
Thanks!





do both, only list the PE
do both, only list the PE firm
should set you up for IB/consulting if you're at a target
Thanks! Some other questions
Thanks! Some other questions are: Is it weird if I'm working for the PE firm remotely, should I just not mention it in an interview and talk about what I did? Will consulting/ibanking firms think that this is ok? Also is omitting the other job offer on my resume considered deceitful if they find out? I'm assuming listing both would just be plain bad as it would seem I couldn't concentrate on one internship fully. Thanks!
ribsnchicken: Thanks! Some
Thanks! Some other questions are: Is it weird if I'm working for the PE firm remotely, should I just not mention it in an interview and talk about what I did? Will consulting/ibanking firms think that this is ok? Also is omitting the other job offer on my resume considered deceitful if they find out? I'm assuming listing both would just be plain bad as it would seem I couldn't concentrate on one internship fully. Thanks!
The first question I don't really understand what you're trying to get at. But omitting it on your resume wouldn't be considered deceitful, your resume is there to sell yourself not tell them every single detail. If they found out they may ask you about it or why you omitted it but I wouldn't say it's deceitful.
I just mean I don't feel like
I just mean I don't feel like its a conventional internship? It's remote, meaning I'm not at the PE firm physically but I do research for them and then send it back to them. Is this weird for a PE firm or is this type of thing normal? Thanks!
The remote nature and lack of
The remote nature and lack of compensation are odd and certainly not ideal. It certainly doesn't warrant the same level of consideration as a structured, paid internship with a known firm (do you know anything about this "PE firm"?). Without knowing your other opportunity, it is difficult to say whether to accept or reject, assuming you can just accept one.
I've looked into it online,
I've looked into it online, it seems a new firm that started just this year; the compensation would be X amount of dollars if I happened to research and pick a company that they ended up buying. The company will only end up buying one company to grow and develop. During my coursework we always talked about PE firms buying multiple and growing them out concurrently. Is this also suspect or can they simply do as they want in terms of buying single or multiple firms?I would think diversification applies to PE firms though? Thanks!
Obviously this is not a
Obviously this is not a legitimate PE fund.