Do PE firms care about your summer internship?
When BB analysts are recruiting with private equity funds or headhunters, do they care much about your work over the summer before full-time? For example, if two kids, say, Morgan Stanley M&A both recruit for the same position, but one kid worked at a no name boutique over the summer and the other worked at Goldman Sachs IBD, would there be a preference for the second guy, or is it not really important?
I'd reckon whoever had the greater exposure to deals while at MS would be the more attractive candidate. Assuming they were both equal, however, my guess is that the PE firm would also consider deal exposure at the summer internship.
Disclaimer: Not in the industry
Edit: Double post
What kind of meaningful experience from your summer internship would you be able to talk about during an interview that you didn't have as a full-time analyst? "All things being equal" I'd take the guy that looks more like me over a SA line item on a resume.
i would look at the internship exp, but in context of everything else. maybe he was hired into morgan m&a because his dad plays golf with an md, he did some seriously brown-nosing during the interview process, etc. if it looks to me like he shouldn't have gotten into morgan, i would obviously ding him in favor of the other candidate, but purely because he worked at a boutique is not reason enough.
not in industry; but i see some strong PE firms list their FTs' profiles with their internship experience in addition to the other stuff, so could have some relevance.
Doubt summer would have thought much weight - no one usually does anything too meaningful (even those interns think that they have - trust me I was an intern) - it depends on your experiences at MS M&A, if you closed say ten 10B+ deals, then you've got a golden ticket to almost anywhere...
still early in the recruiting process, but every one of my initial headhunter meetings involved some time discussing my internship. I did pe at a known fund though (unfortunately they didnt give any ft offers my year)
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