Working for Free in PE
I've been working at a new PE growth fund (Based in the Midwest) for the past 5 months for free. I'm a recent college grad who switched into finance my junior year at a state school and was ranked in the top 1% in finance my senior year. I'm averaging around 50 hours working remote and want to move to NYC to work in PE or IB. Sole analyst w/ 3 MD/Parters. We also have an India team for modeling.
The firm started in January, and the Managing Partner (alum of my school) mentioned that if I want/need more experience, he would help me get into investment banking (NYC not specified). I haven't mentioned that I want to move to NYC.
The Managing Partner has offered me two options:
1. Stick with the firm until and get paid when we close the first deal (early-mid September). MP mentioned I would have Chief of Staff responsibilities and a job title of analyst/chief of staff. Salary 65-80k.
2. Have him help me get into investment banking with his extensive network?
Any advice?
This is modern day slavery, why are you doing this?
Smh is this rage bait or is you retarded 😭
I had some job offers in wealth management and two non-finance jobs. But ultimately want to work in PE.
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