I really could use some advice on this and appreciate any kind of input!!
I have the opportunity to do an internship with a relatively young and small repe firm in Germany (fund of 200mm, founded 2006). According to what they told me, they still are very well capitalized and got sufficient access to external financing. The managing partner seems to really know the business and formerly worked within Real Estate at a BB.
Considering that I don't intend to work for one of the large pe/bb firms in the long-term, for me it seems to be the perfect opportunity, especially since they also are looking to hire an analyst. What they do is exactly what I wanna do and the company could be perfect for me to start my career, since I wanna be involved in the whole investment process and really wanna build local expertise of the real estate market.
So here comes the issue: they only offered to pay EUR 900 per month. Please don't get me wrong, I'm not greedy or anything, especially not at an internship. But it just somehow confuses me and I am wondering if I need to make any conclusions about possible salary at higher levels. I asked the Managing Partner at the interview what the salary is for an Analyst compared to BB and he told me it's about the same, if not even better (I unfortunately didn't ask about the intern salary). BB usually pay their interns EUR 2-2.5k over here, so 900 seems pretty low for me.
Maybe I should mention, that I don't have any other offers right now, I'm still waiting for a decision by MSREF, but workwise I think I would go with the small firm.
What do you think? Do I worry too much about the salary or is it a strong signal to be considered?
Would it be appropriate to call the managing partner (it's only him and an associate in the investment team) and talk about it?
Thanks a lot in advance!!