DB IBD vs Ardian Infra
Dear Monkeys,
I am a 1st year MSc student (with 2 previous internships: the 1st in an M&A boutique and the 2nd in a small PE) and I have the two following opportunities rn
-
Deutsche Bank IBD 3 months Summer Internship (possible full-time offer)
-
Ardian Infrastructure 6 months off-cycle (no full-time offer)
I would like to end up in PE (corporate), even after the classic 2/3 years of IB.
What would you choose? Why?
My main concern was that DB can be more helpful in finding a top BB and then to move in PE while with Ardian could be harder to start in banking (too much PE in the resume?).
Let me know your thoughts :)
IB all the way as it will open more doors. The fact that DB has a possible FT offer, should make this decision an easy decision. You can do DB IB and then move to PE after your time there.
Congrats on the offer! And I think you answer your question yourself. Pick DB IB and don't look back. DB is making a great comeback in IB and is actually stronger in Europe. You already have M&A and somewhat relevant PE experience. With DB you will be very well positioned for either another BB or even Corporate PE after your analyst stint. Infra PE is too niche at this point for you imo and also it would show up as a 'detour' from a typical path that PE likes to see. "Why did you do infra PE?" imagine some recruiter asking this in your corporate buyside interview down the road and then you would have to convince them otherwise that your interest actually lies with traditional buyout fund. Hope this adds some clarity to the decision. Cheers! -- Monkey from across the pond
Work at DB they actually continue to lose market share compared to peers
Why do you say no full time offer at Ardian? Loads of their analyst class are intern conversions
DB IBD without questions. Summers are easy to convert while Ardian is known for not converting off-cycle (typically they don't have headcount and I believe this is the case)
From DB it should be easy to pivot to PE after the classical 2/3 years
the threads a year old bro
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