Do people think before they post here anymore?

Dude, if your end goal is PE, obviously Audax is a no brainer. Use the search function.

Audax internship could lead to a PE gig out of school, pending you don't ask similar retarted questions. DB corp finance internship will 99% not place you in PE out of ugrad.

"Jesus, he's like a gremlin; comes with instructions and shit"
 

again, what is your end goal? If you have 2 offers, you are in a position to choose what you want - based on where you hope this internship will aid in placing you after school.

"Jesus, he's like a gremlin; comes with instructions and shit"
 

RE: which one would you pick out of the two if you just had the two offers

DB hands down, this is a no brainer. if you don't know exactly what you want do (and a good number of juniors don't , so they apply for everything just to get an internship), then go with DB. it'll open a lot more doors.

 
  • The DB corporate finance job should be left to somebody who was not sufficiently qualified to get an offer from Audax
  • If you get a FT offer from Audax (competitive but doable as an intern), you will have better training, better comp, and an infinitely better experience than you would get from doing BB IBD, let alone DB corporate finance. To the extent you don't know what you want to do longer-term, your essentially getting a comprehensive, sink-or-swim education in all the critical facets of business -- finance/modeling, investment analysis, deal execution, company value-add/consulting/management
  • Your mom might not have heard of Audax, but the top b-schools and mega-cap PE funds know exactly what it is, and love taking its people. Not sure what doors DB corporate finance is opening (maybe you can matriculate to corporate finance at like, PepsiCo and receive a subsistence level of income in exchange for working 9-5 and living in the burbs), but I know a tremendous number of former Audax analysts and the worst case scenario for those guys is to basically go to HBS. Most of the ones that joined out of ugrad turned down BB IBD offers from the places that make your drawers damp, like GS IBD or bstone M&A, and so on.

To conclude, go to DB if you suck and have no swag and want to die in rural Michigan or somewhere comparably awful.

 

This isn't even debatable - Audax all the way. You'll be worked very hard and there are tough personalities but the experience is 10x that of IB and will give you a much better story than the thousands of monkeys in IB.

 
Best Response

Kudos to dongeiss, DL123, JimmyDormandy and a few others for actually calling this one right.

AUDAX

The experience is loads better, it's a more transferable skillset because they (we) are extremely operationally-focussed, so you can kick a Bainie's ass at HIS game and a Barclay's banker at HIS game.

Their pre-MBA is a 3 year program. That means 2+2+2 suddenly became 3+2, and your resume looks just as good.

Yes, they send people to large cap shops. The firm's returns are great, and their rep in the industry is dick-hardening.

WORD OF CAUTION: comp is street average, not incredible. Someone on this thread said it'd be better. I know guys at Evercore and MS making more in their first years than Audax first years.

SECOND WORD OF CAUTION: You're debating over which internship offer to take, not which full-time offer to take. at DB, your chances of getting an offer are good. At Audax, they're not. They take like 30% of their internship class, historically. So you may return empty handed for the fall, and that is a fucking uphill battle every time someone pops the "did you get an offer?" question.

 
apprentice7697:
WORD OF CAUTION: comp is street average, not incredible. Someone on this thread said it'd be better. I know guys at Evercore and MS making more in their first years than Audax first years.

What is "street average" for a pre-MBA analyst at a $1B AUM MM PE fund?

 
CompBanker:
May god have mercy on your soul.
Agree. OP - when you're peering down 30 stories at the street over your wingtips, take a step back and remember you can always just quit.
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

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