About to start my last year of the mba and have locked up a return at a BB IB for FT after graduation in 2022. Been looking into private equity internships for the school year, and found a few LMM shops with postings through our school. After a couple interview rounds, it’s been clear that these firms don’t want to pay at all and the experience is the comp. These shops also want 3 full days of work ramping up to a full week as needed and runs the entire school year.
I just got an offer at one (without any pay) and have two questions -
1) are unpaid mba level internships par for the course in LMM shops?
2) given this is an unknown LMM shop (equity checks under $10mm, $40mm of dry powder left) is there any value to doing this to try to break into private equity down the road?
Lmfao is this just a search fund? Idk man if you have the profile to get a FT at a BB, I think they are fleecing you. Is their target area one you’d want to work in? That honestly sounds like a lot of work when you have the rare chance in your career to take some time to chill and travel before you go to your job
No it’s not a search fund. The target area is locationally where I’d like to be but would rather be at a more established fund in the MM space vs LMM.
And yes it’s a substantial amount of work they are looking for, for free, which is why I am uncertain about the cost/benefit for me.
Did you go to rotman mba?
Typical braindead ecm analyst commenting on a 3 year old thread
Explicabo dolores aspernatur praesentium est eum architecto quidem. Sed qui ducimus nulla vel labore. Nesciunt quaerat laudantium assumenda omnis.
Sit repellendus corrupti rerum sapiente veritatis. Beatae placeat animi voluptates enim enim enim dolorum. Eum ullam aut consequatur ratione est saepe. Officia eaque eos et ipsa reprehenderit aspernatur.
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...