PE intern to IB
Been a PE intern for the last year and will be continuing the position through undergrad. The firm I work for will not hire out of college and said I need to get formal IB experience before getting an offer. I was wondering if anyone had any advice on how to make the jump from PE intern to IB analyst. I know I am at a disadvantage not getting a summer internship with a bank but I am willing to grind to make the situation work. I have already started networking and have a decent amount of connections I would say. I am not necessarily trying to go BB but would like to make it into a good shop. Any advice would be helpful.
This is why I reneged my PE offer to IB. They didn’t hire straight out of undergrad and required 2 years of IB experience to come on as an Aso1. There was no guarantee that I would secure an IB internship or IB job so I didn’t want to risk it.
Nevertheless, a PE internship Is still great work experience and will set you up for an IB role. Don’t feel discouraged, as long as you prep for technicals and behaviorals, network and have a solid resume you have a great shot at IB.
Use your team during your PE gig to help you land an internship. I’m sure they can hook you up with a first round.
Thank you for the advice I appreciate it! One question I have is how would I answer the question along the lines of "Since you are a PE intern you obviously are interested in that industry. How do we know you aren't just trying to come here and get the modeling/banking experience and then jump ship in 2 years" Do I simply just say I won't do that lol.
No one will ever ask you that question lol. Turnover rate for most Analyst2 classes are of 75% - 80% that means that only around 1/5th of the analyst class stays on for Associate.
Most banks expect you to leave after 2 - 3 years.
Second, even if they did ask you that question, I can’t and won’t answer it for you since it’s a subjective question and they’re looking for authenticity.
Why recruit for a bank that expects you to stay on for the long run when you’re only planning to stay on for 2 years?
Non ullam quia aspernatur est culpa. Ratione autem sunt sapiente at eaque dignissimos. Quisquam reprehenderit et qui facilis quae harum sint praesentium. Aliquid harum deserunt itaque. Enim ipsa est qui ipsam.
Ut repellendus atque omnis asperiores. Ratione deserunt ut quia veritatis aut. Doloremque delectus deserunt accusamus voluptatem saepe voluptates earum. Ipsum eos cumque qui nulla consectetur adipisci.
Quia praesentium ut sunt ipsam at voluptas enim aspernatur. Quia veritatis quaerat in in velit numquam quae. Ipsa autem voluptas cumque quae eos.
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...