Google vs PE Internship

Hi,

Which is a better summer position for a sophomore pursuing IBD in the long haul?
1. GOOG BOLD Commerce Team internship
2. MM PE (unpaid) internship

I've been following this thread: //www.wallstreetoasis.com/forums/offer-decision-GS-or-goog-sa and just wanted to know your guys' inputs on these specific positions.

My plan with the PE internship would be to take advantage of being in the city and network in-person like crazy to alumni bankers from my school. I would get more connections through my bosses as well and set myself up a lot better for IDB coming out of a non-target.

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Comments (20)

Mar 14, 2012 - 1:26pm

What year are you in school?

If I had asked people what they wanted, they would have said faster horses - Henry Ford
Mar 14, 2012 - 1:49pm

Assuming money isn't an issue I guess I would say PE internship would be your best bet considering your ideal endgame.

"For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"
Mar 14, 2012 - 1:51pm

This is tougher position than the previous forum. Can you expand on Googles job description? also if money is not an issue (considering rent etc.. in nyc) and Googles position being more "bo or mo" then I would probably choose the PE gig due to networking and actual skills that you will learn. Then again I am an undergrad myself so take it with a grain of salt I'm just putting myself in your shoes.

"If you survive to my age and you rack up a CV like mine, you can look at HR and say, "Fuck you. I don't try out."- Eddie
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Mar 14, 2012 - 2:19pm

Tough spot:

As a soph it is almost always worth it to take paid vs unpaid when deciding between two solid opportunities. You don't want to run out of beer money during the school year and your Junior year internship is the most important. However, PE on the resume will give you a huge boost looking for a SA role from a non-target.

You need to get more information to make a decision.

GOOG: Try to find out what your function is more specifically. Is it finance related? If so I would take it hands down. You should be a (relatively) easy sell to tech groups after google corp fin. If you can't nail them down your decision is harder.

PE: What stage is the fund in? If it's fundraising, stay away. You will get very little actual experience and will walk away having traded 10 weeks of bitch work for a shiny PE gold star on your resume. Even if they are looking for deals, make sure you aren't cold calling or some shit. All that being said, this is still the 'safer' option as it is more traditional and will stand out on a resume.

Mar 14, 2012 - 3:11pm

I've been looking for more information regarding the Commerce Team, but have not been able to obtain any specifics of "commerce" yet (BOLD program info: http://www.google.com/intl/en/jobs/bold/). I'm still looking around and trying to get some feedback, hence posting here as well.

Say that I changed my "i-banking or bust" mentality... Expanding on career opportunities, does anyone know if going with GOOG would be a good pursuit? Or would the end-all, great career path be with i-banking

Mar 14, 2012 - 3:44pm
banquor:
I've been looking for more information regarding the Commerce Team, but have not been able to obtain any specifics of "commerce" yet (BOLD program info: http://www.google.com/intl/en/jobs/bold/). I'm still looking around and trying to get some feedback, hence posting here as well.

Say that I changed my "i-banking or bust" mentality... Expanding on career opportunities, does anyone know if going with GOOG would be a good pursuit? Or would the end-all, great career path be with i-banking

If your not set with i-banking then i would go ahead with Google. Great name to have on your resume and it will open up a lot of options in the future. Plus google will be a fun ass time, is it at mountainview HQ?

"If you survive to my age and you rack up a CV like mine, you can look at HR and say, "Fuck you. I don't try out."- Eddie
  • 1
Mar 14, 2012 - 4:54pm

Any unpaid internship, especially in finance, is unlikely to be very good. I would choose Google without a doubt. Google will definitely be more eye catching on a resume than a no-name MM PE firm. I could open a firm with $1000 and call myself a PE firm.

Mar 14, 2012 - 5:33pm

Have you tried trading up the PE internship to something paid? "I am really excited, really like the firm but financial considerations are an issue and I have been offered a paid position at google (not sure about name-dropping here but on balance probably).Would you consider offering me a small salary to help cover my expenses".

If they out and out reject it without even considering then as above it probably means you would be doing nothing of value anyway. In finance generally speaking, unless you got the job through some family connection, if you aren't being paid then the work you will doing won't be particularly interesting - even by finance standards.

Mar 14, 2012 - 7:57pm

How no name is the PE shop? There is a big difference between some sham (search for Blackmore or something like that...) and a legit MM shop with 2-4 b AUM. Has the PE team clarified what your expected role/hours would be?

As for Google, your role could be very BO. They do not have many solid business internships for undergrads, but a ton of BO/Ops/Sales/HR stuff that still needs doing.

Is there any precedent for said PE firm giving FT offers?

Best Response
Mar 14, 2012 - 8:10pm

i would go with Google, you sound like you are not dead set on ibanking and in that case Google will open more doors. You may want to get into ibanking but you are just as likely to change your mind about banking in the next 1-2 years. I think you will get more out of the Google internship than you think.

The fact that a MM PE fund is not paying you is a little sketchy unless you've known past interns who enjoyed their experience there. I personally have done an unpaid gig as an intern at a boutique bank and got solid experience but heard the exact opposite from other unpaid interns at other shops.

Go with Google and maybe try to get a part-time gig for the Fall at a boutique bank or PE shop even it is unpaid.

Oct 25, 2013 - 10:02pm

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