I am a penultimate year student at a UK target, aiming for BB IBD. I have two offers for part-time paid internships this year and am trying to decide between them.
Offer #1: No-name PE firm, very recently established and with basically zero deal flow. At least part of the role involves identifying investment targets. Not much modelling involved afaik.
Offer #2: Financial data provider (think Thomson Reuters / Bloomberg / etc.); basically an ops role, but has the advantage of a well-known brand.
Which of these positions is more likely to land me interviews at BBs?
I had to make almost the exact same choice and chose the PE firm. My role doesn't entail making a whole lot of dcfs, but i still craft pitchbooks, make precedent/public comps, and do other bankeresque things. Good luck making the decision. Is this an off-cycle internship?
They're both part-time internships with potential to lead to a full-time role. I'm still at university and will work at one of these places alongside my studies.
I'm leaning towards the PE firm as well since it's more directly relevant to IBD, but given that the company is very early stage I don't know if it will be worthwhile. And the financial data internship has the brand name advantage which could prove invaluable.
It is absolutely worthwhile, ops doesn't necessarily show any interest towards IBD. However, PE is one of the primary reasons people go into IB, so naturally, there is a large correlation in the work experience and environment (when contrasted with an Ops position especially).
PE firm, whatever you feel like you are lacking in terms of experience at that firm (modeling etc) practice on your own. This will help you craft your story and ace the technical for ib interviews.
PE. It will still be more valuable even with low deal flow. Also, if they happen to pick up steam you may have just hit it out of the park and be able to grow with the firm. Odds are an opportunity with the data provider will present itself again in the future.
PE
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