How are remote search fund / IB sourcing internships viewed in investment banking?
I had a remote internship at a boutique IB firm where I mostly took part in maintaining a deal pipeline spreadsheet sourcing healthcare companies and owner names/contacts. I was able to sit on a few valuation and client calls. After that I went to a search fund where it was more of the same but from a different angle. A lot more time was spent directly cold calling founders, M&A advisors, and creating LOI decks.
My only concern is that while these are technically relevant experiences, they were remote, unpaid, and not really technical work. How are internships like this viewed form a recruiter/investment banking perspective?
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