PE internship - door opener or irrelevant?
Hey guys,
I'm soon starting at one of MBB and have enough time to absolve a PE internship in between. The funds I'm interested in include 3i, Ardian as well as Bridgepoint, do you think it may help to move into PE later on if you already have absolved an internship in this industry? It will probably help to get into the respective fund later on (given cultural fit and internship performance), but what about other funds? Any thoughts?
Thx a lot for your time!
You should do the internship in PE. It will help label you within MBB as the finance/PE guy, helping you get on finance/PE mandates, eventually allowing you to pivot out of MBB into PE with relevant experience.
if you want to do PE later in life there is literally no way this could be negative
BRIDGEPOINT!
Why would you recommend Bridgepoint? Think the other two options are also good? Would recommend Cinven or Apollo, as long as I know they also have branches in Germany, no idea whether they provide internships though.
Definitely go for it if you've got the time. You'll develop the skillset that they're looking for early on, and it'll always be a good networking opportunity.
To Halton (not sure why you mentioned Germany): Both Cinven and Apollo offer internship opportunities in their German (Frankfurt) office - Apollo is only distressed credit (infrastructure-heavy) though, not PE - Cinven is obviously PE only
The answer is go for it. My fist internship was in PE, and it helped land the gig I have today.
Are you looking at opportunities in Germany or France?
Permira has a great rep in Germany too
Quasar., in Germany actually, I know that the mentioned funds have offices in Germany and usually recruit interns. Why are you asking?
Because most of these funds already hired interns for their German offices til June/July 2016. You should hurry up in case you aiming to do the internship before the summer
kingkang, did you land at the fund you interned with or was your internship experience a good lever for your current job?
value added by first year PE internship (Originally Posted: 06/26/2009)
So I have an internship lined up in PE firm (mainland europe) very small and unknown and the guy said that first couple weeks I will be learning the ropes and then I may have the chance to work on some deals. However, I do not really care too much about private equity or IBD and am looking to go for an S&T internship next summer (I am in the UK so I have three years of uni).
My question is, how much value added does the PE give for S&T apps, cuz honestly, my heart is not really into it and there is a whole lot of prep research the month preceding, and all together a lot of time taken away from learning about what i really want to do, trading.
I will probably just suck it up and do it as it might open doors later but just wanted to get some opinions.
Thanks.
PS: i guess it might factor in that I am at a non target
The internship was a good lever for my current gig.
Not sure exactly what your situation is, if this is a school year internship you want to be real sure it wouldn't affect your grades. If it is for summer (the remainder I guess) and you have nothing else, absolutley go for it.
As for you being focused on S&T, you're never going to know what you like until you try it. IMO making up your mind is overrated (at least to a reasonable point), you may do this internship and realize you really like PE. Even if you are dead set on S&T, you're certainly not gonna be penalized for getting good experience in a (somewhat) related field. Any internship early in your college career, especially in an industry like PE, will look better than nothing. Anyway, this is your decision I'm just trying to help you see it from all the angles.
If it won't affect your performance in school (again bc I can't tell if you're talking about summer or not) and you don't have anything thats better/more relevant, go for it.
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