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Not sure about your question but you will absolutely be fine in terms of getting full time interviews. Make two things clear during your PE internship: 1. You are really good at your job 2. You would like to recruit for banking come late summer. If you do 1 well, then 2 can be well supplemented by your PE colleagues referring you to their banking counterparts etc (its a "relationship building" exercise) and this will honestly guarantee you at least a few first rounds.
Intern/summer job at PE/VC before ibanking? (Originally Posted: 08/06/2008)
I might have a chance to work at 3i next summer when I finish HS. Is 3i considered prestigious on Wall Street? Would it be a big asset for me to have their name on my CV when I apply for internships/summer jobs at BBs during college?
That is awesome. Haha, care to introduce me to your contact? Thats great. they are one of the top VC/PE combo groups in the world. They're also the largest investor per year, at around 1-1.5 billion euros each year in deals done (both venture and buyouts).
Take it up, even if you're getting coffee and doing research. Great opp to 1. get your feet wet and see if the broader world of high finance interests you as much as you think and 2. if it does, great springboard into sophmore/junior year internships.
Good luck.
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johnnyhoward,
Yeah I doubt it would give me much valuable work experience as it would be unlikely that a fresh HS graduate like me would be getting much responsibility. Even if I did some extensive research on the industry and learnt the basics, I think I would be doing small errands, maybe a little research and other small stuff. The benefits on the other hand would be an insight to the industry unlike any book can provide and also their name on my CV.
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you know... it's almost unfair that someone straight out of HS would get such an opportunity. Unless your dad is some MD, and even then. I know plenty others who are much more qualified it in terms of dedication and experience but don't get the chance after slaving 3 years in college because some HS kid has a good connection. Props to you for jump-starting your college career like this, but if you ask me, i think it's BS.
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congratulations my friend, you are one lucky man
Yes, I'm lucky to have a connection, but it would be stupid of me not to try and use it. It is unfair towards diligent people who don't have connections, but it's not like I inherited a bunch of cash or anything, I still have to work my way up and prove myself in the process. Connections can only get you so far.
Yeah what's actually strange about it is that my dad doesn't work in anything remotely related to finance, he's an elementary school principal in an urban neighborhood of ~80% immigrants (mostly illegal). He's possibly the smartest person I've ever met and could've done anything he wanted in life (has a Phd, went to Columbia which he chose over Yale) but decided this is what he felt would be the most fulfilling career. Despite this, he still has a bunch of friends who are in high places in finance, and my Godfather manages a billion+ dollar hedge fund, and was a Senior MD at Warburg Pincus beforehand...I find it weird that other people on this forum aren't close with people in these kinds of positions, I often wonder why I, with such a non-traditional background in relation to the other kids who have the hook ups, have these connections?
Well your dad does have a PhD from an Ivy League school, so that's probably (?) where most of his connections come from. =)
Are you actually serious?
Massive face palm.
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PE / VC internship before starting FT IBD (Originally Posted: 01/20/2016)
Does it make any sense to do a PE internship while finishing up a masters degree and right before starting a FT role in IBD? Does it have any influence at all on PE recruiting after your analyst stint?
I am asking because I'd have to do the internship during the semesters, so essentially I'd be giving up much of my (last) free time before starting FT in IB.
Can't really comment on how much it would help but you should do it if it pays well enough to your liking/ gives you something to do/ won't be bored, etc.
Currently in that exact situation. Finishing up a masters degree in Europe before starting in London. So far I have no regrets: - pay is bad - less time to complete a last academic project (but I would squander 50% of my time away anyway...) + it is very interesting to see the different culture between PE-IBD and the different dynamics + learning a ton + building a great network
Can only recommend you to do the internship. The only condition for me would be the PE shop's rep, I think recruiters will only take it into account if the PE shop's reputation is equal to your bank's
It isn't even so much about the reputation of the firm as it is about how smart he is and whether he's able to a) learn meaningful things in his time there, and b) speak articulately about them in future interviews.
No one interviewing you for any position in the world will hire you simply because you worked somewhere else (unless the position is Secretary of the Treasury and you used to be at Goldman). They give you the interview with the hope that the cool place you worked helped teach you the right things, then hire you if you can prove that in the interview.
I second the advice to take the internship.
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