is Bain capital credit good internship
I'm a current sophomore and was just offered a role for Bain capital credit summer analyst for summer 2023. Is it bad to start off in credit and not have any IB foundational knowledge? Trying to decide whether I should accept bain's offer or do an IB summer analyst role at another firm. Ultimately want to move to PE so not sure what would be best for that.
Can't you do a IB summer in your senior? Off-cycle internships?
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Yes, it is. Sit down, intern.
Lol so you prefer to format slides rather than to actually think critically about an investment? No wonder why you didn’t get the offer
diversity?
Are you in the U.S. or London?
US
pm'd you
I think your question is interesting specifically because you say you want to work in PE. If you've legitimately thought critically about why and understand the role, etc. then yes -- it's true that its very rare for someone to move from a credit fund as an analyst to a PE fund as an associate. The PE funds will prefer banking analysts. On the other hand, if you just want PE because that's what you're supposed to want or what everyone else wants, then take the Bain Cap Credit offer. In short, the Bain Cap Credit offer is the offer everyone else wants. It's a top investment fund with good pay and good culture. Worst case, you'll have a pretty easy time recruiting FT for top levfin / restructuring groups.
I'd take Bain Capital Credit over an IB internship in a heartbeat. Credit shops like this don't receive proper respect.
del
can you elaborate on 1: why they don't receive proper respect and 2: how I should be thinking about credit shops like this in relation to PE
Because pReStIgE
big facts
take bain and dont look back...if you like credit who tf cares about IB? just make your career there....
This is the exit opp
Bain Credit’s program will be excellent for investing across the credit sphere, you’ll get experience across private credit and special situations. From what I hear analysts in this program get the exits of their choice, mostly hedge funds and special sits funds but I don’t think PE would be out of the question.
Source: WSO posts and recruited there
It would be foolish to turn down such a great / unique opportunity. Go there, keep an open mind, grow as an investor and then reevaluate your goals after the internship if you must.
Spot on
Like everyone has said, do the internship. If you don't like it, just re-recruit for IB next year. You'll have no problems getting interviews with that on your resume if you tell banks that you tried it and found credit just wasn't for you.
My personal view: this is a grand slam internship. If you wanna walk away then that's your choice, but you better be absolutely sure you want what's behind the other door.
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