MM private equity summer analyst
Hi guys I was wondering what is the average intern salary for a leading UK MM private equity summer analyst?
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It's nearly impossible to predict intern salaries outside of established (BB, EB and large MM) investment banks. If it is a top fund, my best guess would be something in line with what your peers are receiving at BBs in your region, but again, there are tons of variables.
with PEs in London or Europe it depends on whether they have a program in place (ie Blackstone) or are just recruiting one guy every once in a while to help out in busy times (Oaktree, 3i, CD&R, etc.). In case of the former, you will receive a salary that would be in line with what their Analyst 1s would make. In the latter case they like to play the "this is such a great opportunity for every applicant" card, that they lowball you and give you 50-60% of what you would get at a firm with a structured program.
ok thanks. I am may be meeting up with a partner in two weeks time. Let's say he gives the old " we do not have a structured program or we do not have the capacity" shit what would be the best line of attack? Ultimately I want to be in the firm next summer. Work experience?
Work for free?
Well if they don't have a structured program, it will already be hard because the main thinking behind this is that they don't have the patience or capacity to educate an intern. What you can do is offer to work for free and offer to work for a longer period of time (I don't know what your plan is in terms of length), ie 6 months.
cheers
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