TMT M&A Graduate Intern in a recognized boutique vs. Analyst Intern in a well-known PE Fund

Hello everyone!

I have been given the opportunity to join either Arma Partners, a fast-growing London-based TMT boutique as a Graduate Analyst for 6 months or TowerBrook (PE) for 6 months as an Analyst Intern.

I am much more interested in starting my career in a PE fund and I wanted to know what would be the smartest choice in that regard. Obviously I know PE funds are recruiting juniors on a very opportunitic basis and a more common track would be to do 2 years in IB.

Many thanks!

Comments (18)

Best Response
Dec 2, 2016 - 7:18am

I don't understand how you can be a graduate analyst but have a limited contract for 6 months. I am not that familiar with Arma's recruiting, but it seems strange. Either you are part of the graduate program or you are an analyst intern/intern after graduating.

Will both positions be based in London? Are you doing these after graduation with the hope of staying with Arma or TowerBrook and become a FT analyst? Have you discussed the option of staying for longer at TowerBrook? Do you have any other offers?

Dec 2, 2016 - 7:30am

Basically, Arma is recruiting Graduate Interns for a 6-month period with a possibility to be hired on a permanent basis afterwards with respect to your performance/fit.

Both positions will be based in London and I have already asked TowerBrook about being hired after my internship but I have been told it will depend on the moment/need for new resources...

As far as I am concerned I will graduate tomorrow afternoon and I am looking for a meaningful experience to start my career either in PE or IB but with a strong preference for PE. Indeed I have previously done 2 internships in PE and M&A, and I by far preferred PE.

Dec 2, 2016 - 7:38am

Tough position to be in to be honest. What's the starting date for each position?

If you accept Arma, you will have a higher chance of landing a FT analyst position as it is probably more typical for them to offer it after the 6 months. Furthermore, accepting Arma's offer would allow you to have a credible story for why you'd want to do TMT PE afterwards and help with switching to PE in that regard. If you accept TowerBrook, it will probably be very hard to get a FT offer unless someone leaves or they are already understaffed (hard to tell from the outside and it is a generalization as I obviously have no idea about the need for resources inside TowerBrook).

Either way, you will most likely have to keep applying at other IBs and PE funds after you accept one of the positions, because you don't want to be out of a job after 6 months.

Jan 4, 2018 - 6:29pm

TowerBrook is amazing but take the one who is more likely to make you an offer. If you do not have a decent job shortly after your graduation (M&A or PE or else) you can forget about any dream to land a top PE job in 2 years (whether or not you had an internship experience in PE). Life is not perfect!

Aug 26, 2018 - 6:14am

Arma has very good exit opportunities in London and is known to be top-notch for TMT in Europe

Towerbrook PE is a well respected PE and also a good brand name

Can't go wrong with either of them

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