Unpaid PE MBA Senior Associate Internship
About to start my last year of the mba and have locked up a return at a BB IB for FT after graduation in 2022. Been looking into private equity internships for the school year, and found a few LMM shops with postings through our school. After a couple interview rounds, it’s been clear that these firms don’t want to pay at all and the experience is the comp. These shops also want 3 full days of work ramping up to a full week as needed and runs the entire school year.
I just got an offer at one (without any pay) and have two questions -
1) are unpaid mba level internships par for the course in LMM shops?
2) given this is an unknown LMM shop (equity checks under $10mm, $40mm of dry powder left) is there any value to doing this to try to break into private equity down the road?
Lmfao is this just a search fund? Idk man if you have the profile to get a FT at a BB, I think they are fleecing you. Is their target area one you’d want to work in? That honestly sounds like a lot of work when you have the rare chance in your career to take some time to chill and travel before you go to your job
Rerum sed corrupti odio sequi. Dolores exercitationem id debitis veritatis necessitatibus iste.
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