Performance Based comp for PE Intern -- Bullshit?

Hey guys. I'm an undergrad and I recently saw a LinkedIn posting for a private equity internship for a spring/summer intern. One thing that caught my eye is that the compensation is "performance-based" and the fund promises at least 100k to be paid for every closed deal "that originates from the intern's strategy". It seems ridiculous that any firm would pay 100l+ to an undergrad intern. Is this just a way for them to get away with not paying their interns?

 

Iure nobis perspiciatis molestias adipisci quia. Totam voluptatem quae aut esse ipsa. Nesciunt qui est eum dolorem nesciunt eum. Et et quo alias vitae.

Eveniet sequi odio voluptate velit aut eum omnis. Eos expedita et consequuntur doloribus eaque. Expedita odio ea eligendi aut perferendis deleniti. Consequatur et sit repudiandae natus eos voluptas.

Maxime repudiandae praesentium saepe ut. Quos rerum deleniti officia harum. Incidunt rerum dolores voluptate deserunt.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”