Choosing between IB vs PE offers based on comp
I just finished my PE internship at the infrastructure group of a $150bn fund. They waited until the last day to let me know I have a full time offer and in the meantime I had secured an offer for an off cycle internship at a BB (group unspecified but all my interviews were with energy/infra ppl). Having to choose between those offers is the biggest luxury of my life lol. Could never even dream of this day.
The PE analyst offer is great, working hours are ~70h/w and deal flow is good. Problem is their comp is low. Base is £45k with low bonuses. Their reason for the low comp is that they're going to spend more time "teaching and tutoring" me which I guess is fair enough?? The BB salary is £65, idk about bonuses.
Should I stick to my place? Would anyone be aware if comp ramps up on the buy-side from analyst 1?
Generally I’d say take the FT offer, but it does make a difference if we’re talking about KKR vs. DB or Partners group vs. GS if that makes sense…
Fair point. Just to clarify this is the infrastructure PE arm of an investment firm with +$1tn AUM. Pretty "prestigious" in public equity funds, not so much in other areas but the deal experience is solid. The BB isn't one of the big 3 but comes very close
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