Offer at Private Equity firm vs Elite Bank
Hi there,
I want to end up in investment banking/PE. Next year is my final bachelor's year, and I've been offered a 4 month internship from september-december at a small private equity firm that is specialized in industrial technologies (3-4 people, only using their own equity so no LBO's) of companies worth 10-100 million.
I've also been contacted by an elite bank for an investment analyst internship. I will primarily be doing programming to improve their algorithm.
I want to end up in a larger bank/bulge bracket as an investment banker/private equity associate. The offer I've gotten at the smaller PE firm is up for the taking.
At this smaller PE firm, I will get to attend meetings, get paid more than the larger bank, and I will be actually analyzing companies and deals instead of data and metrics and whatsonot. I will also be working directly with the partners and investors and therefore be learning from talents (team of about 4 people, all multimillionaires). But the elite firm has the name. It is in the City/Wall street of my country. And I'll still be an "Investment analyst" intern despite programming all day.
Dear Monkeys, I would like your opinion. Should I opt for the PE and acquire real knowledge and learn directly from talented minds, or go for the large work and become a coffeemaker/copier while making my CV extremely handsome?
Thank you in advance
Bump
If you want to do IB/PE in the future then the PE internship is a no-brainer imo. Programming and coding isn't used in PE nor in IB.
I agree, intrinsically speaking it would be much more valuable. However, the dillemma is primarily caused by the prestige that the bulge bracket carries on my CV. Still, I highly agree that the PE is probably the btter alternative.
In terms of eventual IB/PE recruiting, doing programming at an elite bank will not carry much weight. Take the PE offer hands down.
Aut dicta dignissimos eos architecto hic natus qui. Fugiat qui voluptatibus eius id. Eveniet necessitatibus ut molestiae. Quaerat ut tenetur ut est dolores.
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...