Experience with interns

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by a searcher from New York University - Leonard N. Stern School of Business
in Tampa, FL, USA

4yrs ago

Experience with interns

Hi All,

Can people share some effective ways to "compensate" unpaid interns as part of a search? I've heard of weekly case study discussions, network / internship connections, willingness to write recommendations, but anything else people have found to be effective?

Thank you all in advance.

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reply by a searcher 4yrs ago
from IE Business School in London, UK

would say in addition to whats already been mentioned, if they want to become searchers themselves, guidance on the pitfalls that you have faced, so getting to them to learn from what worked for you and what could have been done better. Interns time with the searchers would be much shorter so they may not be able to see a whole dealflow, so being open to them to come back and have indepth conversations post their time would also be useful

reply by a searcher 2yrs ago
from University of California, Berkeley in San Francisco, CA, USA

All over the board. I mentored a successful searcher and between her and I had about 10 interns. 10% rule applies. The rest are a drag. She had 2 rad interns....one a freshmen and one finishing her MBA. One of mine landed at Goldman Sachs the following summer. The rest were not a great use of my and my mentee's time. Most interns consumed a lot of your time for me to justify putting in place a "comp" structure. Another way I compensated my interns is I curated a weekly "ask me anything" series that includes VC, PE, CEOs, venture backed founders, bankers, lenders, etc. The good ones came prepared and followed up after to build their network, which I encouraged and recommended.