Private Equity Associate
Hello everyone. I just previously started an unpaid internship with the intent to hire me upon graduation (a semester away). The company is headquarted in NY but previously opened a branch in another state. The job mostly consists of cold-calling prospective clients and raising capital. The job looks to be a promising career in terms of $$$. I am just curious to know if a position like this could transfer over as good/reputable experience to other PE firms or anything IB related.
Important things to know: - little to no modeling. - Deals are identified by upper level staff. - I live in a state with little to no entry space for IB,PE, or VC careers.
Hate to break it to you, but that does not sound like a proper PE-shop. If you are cold-calling "potential" clients/fundraising for free I would take my things and run.
What kind of deals, if any, are they doing anyway?
I'm sorry I stated that incorrectly. What I meant is that the FULL-TIME position is doing that. As an intern I am only shadowing the actual "associates" The position is for "associate." The associates are the ones cold-calling. Once I graduate and become certified(series7) I will be picking up this role.
Sorry for the misunderstanding.
I still don't understand. What are you doing as an intern then? Are you shadowing people that are cold-calling, ie. looking at people making phone calls?
What does a Series 7 have to do with PE?
It's a little weird to have an intern raising capital? Generally it's someone who can speak really eloquently about a deal and understands the needs of investors...which is hard to do if you're brand new.
I'm sorry I stated that incorrectly. What I meant is that the FULL-TIME position is doing that. As an intern I am only shadowing the actual "associates" The position is for "associate." The associates are the ones cold-calling. Once I graduate and become certified(series7) I will be picking up this role.
Sorry for the misunderstanding.
It's not good / reputable experience, as it sounds like a search fund, for PE / IB, but it is still a decent stepping stone to the next internship. Focus on leveraging this experience into a boutique IB internship -> convert into a better IB full-time offer -> PE.
Doesn't sound like the kind of experience that you could leverage to get into IB/proper PE. Be careful not to be manipulated to work for free with this full-time conversion possibility dangled over you.
Sounds like a troll
Totam et voluptas neque voluptatem harum dolore. Quas ea nisi veritatis minus fuga error. Voluptatem omnis voluptates cumque ullam dolor eaque tempora. Laboriosam adipisci incidunt minima ad maiores illum et quo. Iste facilis sed qui delectus. Ut eveniet quasi corrupti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...