KKR Offcycle Intern VS JPM IBD FT London

What do you guys think?

KKR offers no chance of conversion, but prolly more prestigious.

What does everyone think? Tempted by KKR for the prestige and to do smth different than everybody else…

10 Comments
 

Based on the most helpful WSO content, here's what you need to consider:

  1. Prestige vs. Conversion: KKR is undoubtedly prestigious, and having it on your resume can open doors in the future, especially if you're targeting private equity roles down the line. However, since there's no chance of conversion, you'll need to secure another role post-internship, which could add pressure.

  2. JPM IBD FT: A full-time offer at JPM in London provides stability and a clear career path. JPM is a top-tier bulge bracket bank, and the experience you gain there is highly transferable across finance roles. Additionally, the London office is known for its large deal flow and exposure to significant transactions.

  3. Long-term Goals: If your ultimate goal is private equity, KKR could give you a head start in networking and understanding the PE space. However, if you're looking for a more traditional finance career or want to keep your options open, JPM IBD FT might be the safer and more strategic choice.

  4. Doing Something Different: While KKR might feel like a unique opportunity, remember that the lack of conversion means you'll need to hustle for your next role. If you're confident in your ability to network and secure another position, this could be a worthwhile risk.

Ultimately, the decision depends on your career aspirations and risk tolerance. If you value stability and a clear path, JPM IBD FT is the way to go. If you're willing to take a calculated risk for prestige and a unique experience, KKR could be a great choice.

Sources: Opinions on BB IBD Off-Cycle internships London, JP Morgan IB RIsk Exposed Part 2, London IBD Cultural Differentiators between GS/MS/JPM, Investment Banking Off-Cycle Internships London-Amsterdam-Madrid Fall 2020, Big4 Rx FT or Off-cycle at EB? (London / UK )

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
[Comment removed by mod team]
 

Timing sucks because ideally you could have done OCs for up to a year before starting JP in Aug

 

Anonymous Monkey:

Timing sucks because ideally you could have done OCs for up to a year before starting JP in Aug


Agreed - it does. However, I have to choose - what do you recommend?

 

Assumption: you want to do PE long term.

I am generally risk-averse. Like someone else said you don't know if you would be able to find a PE analyst role or IB FT after the off-cycle and if its a 6m OC, then december time is awkward for FT recruiting

Top team at J.P. for exits like EMEA Tech/DI/M&A => take that
If its HC/UK teams/NatRes/Consumer maybe just take the OC
 

 

Sed maiores dolor eos sed. Accusamus quae labore rem accusamus consequuntur aut. Aut omnis veniam explicabo et sapiente. Sed eos laudantium pariatur odio natus dolore.

Eligendi et dolores id quae distinctio. Aliquid impedit excepturi impedit aliquam voluptas.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • Blackstone Group 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • KKR (Kohlberg Kravis Roberts) 99.6%
  • The Riverside Company 99.2%
  • Ardian 98.9%
  • Blackstone Group 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (97) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (234) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (95) $134
  • 1st Year Analyst (271) $124
  • Intern/Summer Associate (37) $80
  • Intern/Summer Analyst (351) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
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...”