PE Biz Dev v.s. Unpaid IB Internship

hello all,

I graduated undergrad 8 months ago and did a post-grad internship at a boutique valuation firm. Some unfortunate things happened and I left after the 3 month internship. I am now unemployed and am considering these two opportunities:

  1. 3 month unpaid IB internship at a no-name boutique (through linkedin research, there are not many past interns who have moved to better banks)
  2. a PE BD role for the firm. While speaking with the recruiter, I expressed my interest in moving into a deal facing role after developing sales/BD skills. The recruiter said an internal transfer after a year or two may be possible b/c the firm likes internal promotions or w/e (he may have just been pushing this, but PE Analyst roles at the firm do not require as much IB experience as other PE shops, but I did not get an interview for that role)

If my end goal is a deal facing PE role, am I best taking the internship, then moving to a FT analyst at a diff bank, then PE from there (not easy, given I didnt see any past interns at the bank do this before, and I may have to move to a boutique for FT and then move to a larger bank to gain access to any sort of PE recruiting)

or is the BD role not a bad option? I realize I am early in my career and lack of technical skills could be an issue when interviewing for PE deal facing roles, but I do have 3 months of valuation experience.

Being paid is important to me, but I am willing to struggle for 3 months if its the best long term option. the BD role pays ~50k base w/ total 75k target. Definitely not high pay but ive seen worse for BD roles.

 

bump. I am thinking the internship is my best option because I wont pigeonhole myself into BD and while being unpaid sucks its only temporary. Appreciate any other thoughts on this

 
Anacott_CEO:
A lot of time Biz Dev = sales. Just be careful you know exactly what the role entails.

-It is kind of like sales/marketing but I'll be assisting the dept. that's already in place at the company. The start up is trying to get itself more well known in order to generate revenue obviously. Would it look unimpressive to BB banks?

 
Husky32:
Anacott_CEO:
A lot of time Biz Dev = sales. Just be careful you know exactly what the role entails.

-It is kind of like sales/marketing but I'll be assisting the dept. that's already in place at the company. The start up is trying to get itself more well known in order to generate revenue obviously. Would it look unimpressive to BB banks?

It isn't very relevant to a BB IBD analyst role

 

biz dev is usually sales, however an unpaid ib is usually pretty ghetto. anyone that's looking for unpaid interns is likely a shop you won't want on your rez anyways. also, fyi, unless it's for credit, it is against the law.

i am not an attorney

If the glove don't fit, you must acquit!
 

Commodi inventore voluptatum et repellat sint cumque. Eos qui vitae amet ut.

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