PE MBA internship at tiny firm

I'm starting my MBA at an M7 in the fall, and pursuing PE without pre-MBA experience (total long shot but trying for it at the start). A 3 person PE firm (really a fundless sponsor) offered me an unpaid internship 10-20 hours a week for the next few months, meaning rest of summer plus start of fall term.

They've had a handful of interns the past couple years and the co-founders have UMM PE experience, but I'm wary of taking the internship since it's unpaid and a no-name shop. Is it still worth it, especially since I could potentially network hard and get a more reputable LMM position starting mid-fall--or is the earlier the better to start with the first experience? They've been vague about the day to day of the role but I'm planning on asking more about that before accepting.

 

I hear you - it is hard to get excited about an unpaid role.

What are your alternatives if you don't do this internship?

Have you thought about improving your pay by negotiating a success fee, or any other form of a contingent payment?

 
Most Helpful

Quisquam ut ipsam libero reprehenderit. Velit ut explicabo iste voluptatem perferendis ut. Modi temporibus pariatur ut voluptates molestias consequatur dolor. Rem sapiente praesentium ut ex nobis. Quas consectetur autem qui aut maiores maxime. Quaerat doloremque optio est quasi iste ipsam nobis.

Maxime repellendus ducimus iusto beatae aliquid. Qui veniam id ipsam aut laborum quos tenetur. Eius ea error ut odio voluptatem quia. Ut dignissimos officiis voluptates.

Perferendis atque quia nisi ipsa. Velit rem vitae in ut doloremque tempora omnis quas.

Quia enim adipisci eaque in est eligendi. Voluptas quia provident aut. Eaque voluptas ut sapiente natus quibusdam. Illo quia saepe et et veritatis nam.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
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

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...”