Private Equity Summer Analyst (Austin, TX)

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May 13, 2024

by an investor from Duke University in Texas, USA

UPDATE: WE HAVE RECEIVED TOO MANY APPLICATIONS ALREADY AND ARE NOT ACCEPTING FURTHER APPLICATIONS FOR THIS BATCH We are seeking two interns to assist us with deal sourcing (broker-led, no spamming or cold calls), market research, due diligence, financing, and some financial modeling. You’ll get exposure to all parts of the deal cycle and walk away with technical skills, market knowledge, understanding of the deal sourcing/closing process, and more. This unpaid internship would suit someone looking to break into Investment Banking or PE. Benefits: M&A experience: You’ll gain hands-on experience in business acquisition and investment analysis from end-to-end, incl. but not limited to, technical skills, market knowledge, understanding of the deal sourcing/closing process, and more. Mentorship and guidance: With strong performance, you’ll gain recommendations to other jobs or MBA programs, access to my network, and if desired support with MBA applications. I leveraged such an internship myself to break into Investment Banking over 15 years ago -- I want to give back and will do my best to provide mentorship and networking support. 1) Commitment: ###-###-#### hours per week, for 12 or more weeks (all negotiable) 2) Unpaid 3) Virtual 4) Ideally start in or before early June, but negotiable Please apply using this Google form: https://forms.gle/yvgRhnXJoqA6kc51A
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Reply by an investor
from Duke University in Texas, USA
^redacted‌ I started as an unpaid intern over 2 decades ago - i did a ONE YEAR of FULL TIME unpaid internship (and let go of a full-time paid job) to get into IB. I was successful in getting my dream IB job after one year even during a recession when banks were not hiring. It shows how hungry someone is.


^redacted‌ - I had over 200 candidates within 72 hours of this posting from top schools in US , UK and Canada! There were over a 100 internship postings when I posted and I still got more resumes than I could potentially open. Candidates today are smarter than you think - they know what opportunities will help them achieve their career goals!
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Reply by an intermediary
from Wesleyan University in Granville, OH, USA
"While internships are highly valued in the job market, research also shows that 43% of internships at for-profit companies are unpaid. As a result, only young people from the most privileged backgrounds end up being eligible for such roles. For those from marginalized communities, this deepens the generational wealth gap and actively obstructs their path to equal opportunity."

https://hbr.org/2021/05/its-time-to-officially-end-unpaid-internships
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