MM PE SA versus BB or Top MM SA

I have an upcoming interview with a MM PE (about $2-5b AUM) shop after some networking. I think I have a pretty good shot at getting an offer but I was just wondering exactly how valuable would this internship be?

Assuming that I want to get into PE in the future, would I be better off taking an offer at a BB (like CS, Barclays or BAML) or top MM (HW, WB, HLHZ) compared to the MM PE internship?

Thoughts?

14 Comments
 

rufiolove, what if the offers have a short deadline? The PE firm isn't doing interviews for at least another week. Do you think its worth going after (and potentially losing an IBD offer or two?)

 
Best Response
MinneBankerrufiolove, what if the offers have a short deadline? The PE firm isn't doing interviews for at least another week. Do you think its worth going after (and potentially losing an IBD offer or two?)

If you have IBD offers right now, I would delay as long as possible and explain your situation to the PE firm. If they can't make you an offer it is stupid for you to turn down a banking summer analyst position for the chance at getting a summer analyst position at a PE firm.

 
rufiolove
MinneBankerrufiolove, what if the offers have a short deadline? The PE firm isn't doing interviews for at least another week. Do you think its worth going after (and potentially losing an IBD offer or two?)

If you have IBD offers right now, I would delay as long as possible and explain your situation to the PE firm. If they can't make you an offer it is stupid for you to turn down a banking summer analyst position for the chance at getting a summer analyst position at a PE firm.

Not to hijack, but what's the correct method to use in order to try and buy extra time for an exploding offer?

 
MinneBankerYes you can.

I'm confused. You want to do PE, and you can get a FT offer from doing this MM PE internship, yet you think taking an IB offer and then trying to get into PE would be better? Am I missing something?

I would agree with you, but then we'd both be wrong.
 

Well would the IB offer be better in any way for the long term? i.e. better position me for a better PE firm (maybe a shot at a bigger fund?)

 
  1. If you want to do PE, just go with PE.
  2. Go with the MM PE if it's a legit shop and not all sourcing. The BBs you mentioned aren't that great for placing into megafunds so you may be landing at a similar or even worse shop, so probably take the MM PE at this point.
  3. Do not take a top MM IBD shop over any of the other two options, asking this makes me question if you even have such offers.
 

Update: I got the BB offer and I have the interview for the PE firm on monday. I think I have a pretty good shot at landing it but am still having trouble deciding as the BB deadline is only a few days after monday.

Does anyone know what compensation is like at an "analyst" level for PE? Just an estimate, I know its variable.

Also how do I figure out whether or not the PE firm is mostly sourcing? They are a MM with $2-5B AUM (equity)

 

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