Long story short I am in my second week of an internship in Alternative Investments at a top 5 firm. I am the only intern, actually the only person other than the MD so I am doing all of the modeling for him on his development of a new product for the firm. I think he likes what I am doing, likes me, etc. I am working until the day before I head back to school for senior year so I will be there for a total of 6 weeks. I would LOVE to turn this into a full time offer, but am not part of the official "SA pool" since I came onboard so late (not my doing, took a long time for him to get firm approval for an intern). I am wondering what people think is the best way for me to bring up/discuss with my MD the prospect of this becoming a FT offer at the end of the summer. Let me know your opinions. Thanks everyone.
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See if you can schedule a time to grab coffee or lunch with the intentions of getting his thoughts on the industry, and during the conversation express your interest in the field and your desire to pursue it full-time.
Additionally, I find it strange that he would not assume that you wish to convert this into an FT offer.
I mean as a rising senior...what other reason would you have? Are you being paid like the SA pool?
No, the SA pool is salaried and I am being paid hourly, which kinda sucks. And I know it should be assumed I am looking for FT as a rising senior but I just want to make sure he knows/make sure its an option being that I am only there for 6 rather than 10 weeks. As far as grabbing coffee or lunch, I don't think it needs to be that formal. I literally am the only one working with him. I walk into his office, we sit down, go over the model, any time. I sit in on all his conference calls, we played golf with a client on Friday, it is far from the normal SA-MD relationship. So I don't the old, talk about the industry lunch is really necessary. I think maybe I will just bring it up in passing sometime.
Anyone else's thoughts?
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Are you close to him? Like you come in and he doesn't just dump work on you, he's gotten to know you a bit since you've been there?
If that's the case, tell him soon that you'd like to talk to him for a bit, and straight up tell him that you want to work for him.
I feel like being direct in this case is best. Inviting him for coffee, blah blah, always good for networking, but you (presumably) know this guy. Tell your MD straight up that you love the work, have been busting your butt and want to work for his team.
If you are comfortable with him and work with him directly a great deal, you might as well, just come out and say it when you are in his office.
Thanks guys, I guess I would consider that I am close with him. We sit down at least once or twice a day to go over the model I'm building and I have actually found numerous errors in the way the FT guys (who were from another area of the firm) built the old model and have even convinced him that my way of doing things is correct over the way HE himself thought we should be doing things, so I think that impresses him. Since I have only been there a week and a half now, I think I will give it another week or two before I bring up the prospect of full-time, and I'll just keep doing what I am doing for the time being. Thoughts?
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Since you have only been there for a 1.5 weeks, I would definitely give it another week or two before bringing it up. Unless you really feel like, after 1.5 weeks, you know him well enough and you know the job well enough to know you want to do it full time.
Do you only want to turn this into a full time offer (i.e. to have something to fall back on, or something to leverage), or do you want to turn this into your full time job after graduation? In other words, would you definitely accept, if offered?
Yea, I think this would definately be the route I would be looking to take at this point. While it isn't banking, its AI in the PE sphere, giving me a lot of exposure to PE firms and the PE world even at the analyst level. In addition, I would be getting in at the ground level of a new group, it's not located in the city (so I can make essentially 60% of what I would have to make in NYC to live an equivilent lifestyle) and the hours would be significantly better. Also, it is one of the few firms that has really handled the credit crisis extremely well, and doesn't seem to be at risk in that sense. And yes, I would agree I need to give it some more time, but I am really enjoying what I am doing, and like my boss.
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