IB or PE Freshman Summer Internship
If I am looking to do maximize my chances for MF PE Junior summer, is it better to do an IB or PE internship?
IB might give me more applicable skills for PE, but PE could give me more of a story in interviews. There is also the option of HF which could help as well.
I know I am coming across as a total hardo, but I have some offers and am trying to maximize my chances here. Would really appreciate some advice.
As always, firm-specific. Odds of you hitting straight PE out of undergrad are famously slim.
There's no simple answer between 'IB vs PE' for internships w/o knowing where your offers are. BB/EB investment bank? UMM PE? Brand name? AUM? If your two options are GS IB or a no-name LMM fund w/ $100M AUM, then go Goldman. If it's Piper Sandler vs EQT, then EQT. Hope you see where I"m getting at here.
Not sure if you are familiar with the recruiting process nowadays but a good amount MF PE firms (BX, Ares, KKR) now recruit for Junior summer internships, so I would be recruiting for these firms during the spring of sophomore year. So when I am talking about internships, it would only be freshman summer that really matters, so I don't have places like Goldman on the table, it's more like LMM bank or mid-sized PE firm.
Doesn't negate at all his response that the odds are so slim. There are likely far less than 100 junior PE intern seats at MF/UMM firms and thousands of students who want them. You most likely won't get one of them.
Yeah that is definitely true, but it’s what I’m interested in so it’s worth the shot of maximizing my chances
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