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Story time:

I started my career at a small boutique IB before lateraling over to the MM where I'm at now. My boutique always had year-round interns from a local target as a way to help build their resume (and get use some cheap grunt work labor). We were engaged by some pretty impressive clients, but as these were engagements, the names of said clients were obviously not publicly disclosed. One of these interns thought it would be a great idea to disclose these client names on his resume. He ended up getting interviews at all of GS/MS/JPM and all EBs because of this internship and his 3.9 GPA. Well, one thing led to another, and some guy at one of these banks connects the dots and realizes that this kid is disclosing non-public information on his resume. This guy connects with my boutique's head MD, and this kid gets fired from the internship and walks away from SA recruiting with no offers.

Always err on the side of caution. My rule of thumb: if you cannot find the transaction on PRNewswire.com, don't disclose the names of the parties involved.

 

What a dick. Was this individual personally close with your old bank's MD? Weird behavior / story. Usually when you see stuff like that you just ignore it, makes everyone look bad and embarrassment.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

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