anybody knows anything about PSP investments in Montreal ?
just got an interview from PSP investments in Montreal for their Direct Private Equity team. This is for an internship. Anybody here can share any info on the interview process / tips ? Thanks a lot!
Hey tomford1982, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
Who will rescue this thread? audbauer DollarSignSuspenders Pshah23
If those topics were completely useless, don't blame me, blame my programmers...
If you're in Canada, PSP internship in their DPE group is a pretty good opportunity. PSP could be considered second tier to the likes of CPP and Teachers' but it's still a major pension fund. I think they have a regular hiring program for interns but from what I've heard, return offers are rare. Being in Montreal also takes you out of much of the action, which is centered in Toronto. As a result you'd lose out on a lot of networking opportunities that interns in Toronto can get access to. All that said, if it's a cross between PSP DPE and some no-name boutique advisory firm in Toronto, I'd say go with PSP.
how would you compare this to bcimc ?
Most of the senior people at bcimc are from PSP, theres been a big exodus of talent because bcimc is putting a bunch of new money into their private equity program. so things are newer and less formalized but also more exciting
do you think psp pe internships > ib at canadian banks? for reference, i'm a third year deciding between internship offers
I cannot speak for CPP and Teachers', but as far as it goes in Montreal, an internship at PSP's direct private equity group is a great opportunity. For instance, compared to an internship at CDPQ (Caisse de Dépôt et Placement du Québec), I would go for PSP. PSP will be a more competitive environment, but there seems to be more potential for internal promotion. As well, in Montreal, PSP's comp is likely the highest among pension funds.
Now if I were to compare a PSP internship to IB at a Canadian bank, I would choose IB first. At the analyst level, comp and exit opportunities will be better in IB. After your 2 years, you could easily transition to a well-paid and interesting PE associate role at a large pension fund. Plus, especially in Canada, if you get into a good IB group, your hours may not be as bad as people would think (don't get me wrong, it's still a lot of work and long weeks).
It depends which bank and what you are looking to do after ib. Once you commit to a pension fund its going to be harder to switch to something radically different whereas ib gives you a better platform to move into a lot of opportunities. If you know you really want pe at a pension I would take it over most banks (but not something like RBC). If you could get an analyst position at CPPIB or Teachers I personally would take that over any bank in Canada but thats because I know I like pe and pensions. If you aren't completely sure what you want go with a good bank
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