Title says it all. I just signed a 2024 SA with a MF (BX, KKR, Apollo). I'm not sure at all if it's a middle/back office role (operations/risk) since it pays really well - prorated $105k for 8 weeks.
If I can get a return offer, will they lowball the pay or will it stay at the summer rate? My end goal is HF/PE, but honestly don't mind working 50 hours/week with this kind of pay.
| +131 | USNEWS 2025 RANKING | 73 | 3h |
| +95 | Do you guys respond to kids not from your university? | 36 | 9h |
| +83 | McKinsey vs. MM IB | 27 | 17h |
| +50 | Email MD but got responses from Analyst | 8 | 16h |
| +38 | VP Hours | 11 | 20h |
| +37 | What's so special about Moelis? | 28 | 20h |
| +34 | What's going on with SA 2025 roles? | 27 | 21h |
| +30 | Perspectives on Media M&A | 8 | 1d |
| +29 | IB Chill Hours | 25 | 3d |
| +28 | EVR MP 2024 | 22 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
yes and yes good job
Difficult to answer since you didn't include the job description/title. But if it's 105k for 8 weeks, that's below the typical MFPE salary and time period for internships (usually 10-week internships with 110k+ pro-rated). So probably a back or middle office role.
There is a very low chance of lateraling from MO/BO to the investing side even at a MF. Hedge funds will be almost impossible unless you want to do investor relations there. If you like the salary and are fine staying in MO/BO, keep the offer. But if you want PE or HF, you need to re-recruit for IB or MM/UMM PE full time.
Pariatur officia praesentium amet rerum. Ipsa eos fugit odit dolores ut ad ut doloremque. Saepe iste accusantium ab odio nobis voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...