Do undergrad internships help in in PE associate recruiting?
Interned at an LMM PE shop in undergrad - think 500m last fund raised, will this make my profile look better for recruiting or does it basically not matter?
In an upper mid-tier coverage group at BAML/Citi 3.7 GPA from semitarget.
A little. People won't really care about the internship but it can help you tell a better / more coherent story plus you may pick up some of the lingo while you're there. I doubt the experience itself is super valuable if you're interning as like a sophomore in college.
Yeah this was 4 years ago and all I did during the summer was hit on the partner's daughter and browse espn
Honestly sounds like a great summer
From an experience perspective it doesn’t really matter. But I think it gives you a good opportunity to paint a picture of someone who has some exposure to PE, understands how it works from spending a few months and now being in banking and gaining a better skill set, technical knowledge etc, recognizes that you want to move into a PE role.
Every analyst has some pre prepared line about why they want to get into PE — both when asked by the HHs and in actual fund interviews — usually something to the tune of “I want to take a view on companies / I want to have skin in the game as compared with IB.” Showing you’ve already worked in PE and understand that environment (irrespective of if you did any meaningful work) should help to make your rationale more believable and differentiate you to some extent.
Thanks for the response, I was also wondering what kind of PE looks (fund size, prestige etc) I might get with my profile.
Upper mid-tier coverage group at BAML/Citi, 3.7 GPA, 1550 SAT, T35 semitarget.
Mediocre ECs in college, sophomore summer in LMM PE, junior summer in same group at BAML/Citi.
Let me know if any other info might be helpful.
What exactly does “upper mid tier coverage group” even mean? people can choose industries based off of what they’re actually interested in and this just makes you sound super insecure. Coverage group at BofA or whatever is good enough my guy
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