How highly valued is a consulting internship in PE?

I am very interested in joining a PE firm in London as an analyst once I'm finished with my studies at LSE next year. I have previously done internships in IB at GS/MS and in PE at a European UMM fund. However, I would like to gain more operational / strategic knowledge. I have an internship offer from Alvarez & Marsal in their Private Equity Performance Improvement division.

How valuable would such an internship be for recruiters when trying to get a full-time analyst position in PE?

How does an internship at A&M PIPE compare to an MBB internship, given that A&M itself is a lower tier than MBB, while PIPE is obviously more focused on PE than a traditional MBB internship? 

2 Comments
 

Internships are always kind of taken with a grain of salt since you're there for such a short time.

There are arguments for both and you can't really go wrong... That said, I would personally do A&M - this is a very strong group for them and you will really be in the weeds of transactions. Very operationally focused and a great "why PE". Consulting is much higher level, and IMO you already have a strong IB brand on your resume so the MBB brand won't be a huge incremental win.

 

Laboriosam perferendis veritatis repudiandae commodi non neque. Autem unde nihil est alias nisi doloribus impedit. Alias modi explicabo debitis perferendis omnis enim qui. Quasi consequatur aut in veritatis aut voluptatem quasi. Ut eligendi sunt cumque consequatur dolor necessitatibus sequi. Blanditiis et ducimus culpa vitae explicabo.

Eaque beatae dolore distinctio assumenda minus. Itaque nulla non est suscipit quam nemo quia et. Sint non asperiores voluptas qui eligendi dolores hic vel.

At culpa molestias impedit tenetur perspiciatis soluta quidem. Modi et atque quod. Velit delectus tempore possimus. Explicabo excepturi laudantium facilis eveniet quo perspiciatis.

Career Advancement Opportunities

October 2026 Private Equity

  • Blackstone Group 99.6%
  • The Riverside Company 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

October 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

October 2026 Private Equity

  • Bain Capital 99.6%
  • Blackstone Group 99.3%
  • The Riverside Company 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

October 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (100) $364
  • 3rd+ Year Associate (106) $280
  • 2nd Year Associate (236) $272
  • 1st Year Associate (414) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (273) $126
  • Intern/Summer Associate (40) $79
  • Intern/Summer Analyst (357) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”