DB IBD vs. Audax PE?
So I'm trying to decide between a Deutsche Bank corporate finance vs. an Audax PE offer for 2011 summer internship.
which one is more legit and which has better chances of getting you into large cap PE firms?
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so your asking does corporate finance or PE have a better chance of landing you in large cap PE in the long run
.........
Also interested. How is DB NYC perceived?
Do people think before they post here anymore?
Dude, if your end goal is PE, obviously Audax is a no brainer. Use the search function.
Audax internship could lead to a PE gig out of school, pending you don't ask similar retarted questions. DB corp finance internship will 99% not place you in PE out of ugrad.
or scrap that. which one would you pick out of the two if you just had the two offers
again, what is your end goal? If you have 2 offers, you are in a position to choose what you want - based on where you hope this internship will aid in placing you after school.
Can you get a FT offer from Audax? or they just offer internships?
Idk know anything about Audax, but a lot of the times the network and training you get at a BB will serve you better in the long run.
You would be crazy to choose DB over Audax... no matter what your longer-term goals are.
RE: which one would you pick out of the two if you just had the two offers
DB hands down, this is a no brainer. if you don't know exactly what you want do (and a good number of juniors don't , so they apply for everything just to get an internship), then go with DB. it'll open a lot more doors.
Audax... it shouldn't even be a question...
To conclude, go to DB if you suck and have no swag and want to die in rural Michigan or somewhere comparably awful.
callmesir this is assuming that I could get full time offers from Audax and DB whichever I choose
Audax
Let the record show DB Corporate finance is just their name for their ibd division. Assuming you got an offer from Audax, I'd have trouble believing he isn't talking about DB's ibd
Difficult choice in the sense that I am not sure that spending time at a Middle Market PE will open doors to move to Large Cap PE. However might help to get a FT in a better IB than DB.
This "advice" on this thread is some of the worst I have ever read.
This isn't even debatable - Audax all the way. You'll be worked very hard and there are tough personalities but the experience is 10x that of IB and will give you a much better story than the thousands of monkeys in IB.
Kudos to dongeiss, DL123, JimmyDormandy and a few others for actually calling this one right.
AUDAX
The experience is loads better, it's a more transferable skillset because they (we) are extremely operationally-focussed, so you can kick a Bainie's ass at HIS game and a Barclay's banker at HIS game.
Their pre-MBA is a 3 year program. That means 2+2+2 suddenly became 3+2, and your resume looks just as good.
Yes, they send people to large cap shops. The firm's returns are great, and their rep in the industry is dick-hardening.
WORD OF CAUTION: comp is street average, not incredible. Someone on this thread said it'd be better. I know guys at Evercore and MS making more in their first years than Audax first years.
SECOND WORD OF CAUTION: You're debating over which internship offer to take, not which full-time offer to take. at DB, your chances of getting an offer are good. At Audax, they're not. They take like 30% of their internship class, historically. So you may return empty handed for the fall, and that is a fucking uphill battle every time someone pops the "did you get an offer?" question.
What is "street average" for a pre-MBA analyst at a $1B AUM MM PE fund?
thanks for all your input guys, I went with Audax!
May god have mercy on your soul.
Congrats
it's like the blind leading the blind in here. it's funny and kind of sad that the people on this forum with the strongest opinions on prestige and exit opps are always the ones that havn't even worked one day in the field yet (or ones that create 2 names like elan)...
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